IPO proceeds boost cash to $288.7M as company advances toward 2028 production restart.

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Sunshine Silver Mining & Refining (NYSE:SSMR) reported a wider second-quarter loss as it accelerated development work at its Sunshine Mine in Idaho and incurred costs associated with becoming a publicly traded company. The company posted a net loss of $16.7 million, or $0.13 per share, for the

Sunshine Silver Mining & Refining (SSMR) has drawn attention after its stock fell 18.4% in the latest trading session, taking its year to date return to a decline of 18.4% at a last close of US$14.00. See our latest analysis for Sunshine Silver Mining & Refining. The 1 day share price return of an 18.4% decline has effectively set the tone for Sunshine Silver Mining & Refining’s year to date share price performance. It now also shows an 18.4% decline from recent levels around US$14.00,...

Shares of Sunshine Silver Mining & Refining (SSMR) soared in their debut on the New York Stock Exchange after the firm priced its initial public offering Wednesday night at the low end of its expected range. The company—controlled by an investment firm run by billionaire art collector Thomas S. Kaplan—says proceeds from its IPO will be used to restart a 140-year-old mine in the Idaho panhandle, which was once the country's biggest source of silver, as well as a producer of copper, nickel and antimony.

Billionaire Thomas Kaplan bought the bankrupt Idaho mine in 2010 and plans to restart production in 2028.