# Sunshine Silver Mining & Refining Company is seeking to raise up to $330 million.

*business · news · 2026-05-26 · Reuters*

## Key points

- Sunshine Silver Mining is targeting a $2.32 billion valuation in its U.S. IPO.
- The IPO aims to raise up to $330 million by offering 20 million shares at $13.50-$16.50.
- Funds will restart and expand a previously shuttered mine in Idaho's Silver Valley.
- Electrum Group will retain over 50% of Sunshine Silver’s shares after the IPO.

May 26 (Reuters) - Sunshine Silver Mining & Refining Company is targeting a valuation of up to $2.32 billion in its ​U.S. initial public offering, as the company seeks ‌funds to restart a mine in Idaho that produced silver, antimony and other minerals. The Denver, Colorado-based company is seeking to raise up to $330 ​million by offering 20 million shares priced between $13.50 and $16.50 ​apiece, it said on Tuesday. Sign up here. North American mining ⁠companies are gearing up to test investor appetite for ​new listings after metals such as silver witnessed a ​surge in demand earlier this year. Founded in 2010, Sunshine Silver ‌focuses ⁠on the acquisition, redevelopment and operation of precious metal assets across North America. The company is working to restart and expand a previously shuttered mine in Idaho’s Silver Valley, one ​of the largest ​historic silver-producing ⁠regions in the United States. Its backers include The Electrum Group and Ospraie Management. According to ​the filing, Electrum is expected to retain ​more than ⁠50% of Sunshine Silver’s outstanding shares following the completion of the IPO. Sunshine Silver will list on the New York Stock ⁠Exchange ​under the symbol "SSMR". Morgan Stanley, Scotiabank and ​BMO Capital Markets are the joint lead book-running managers for the offering. Reporting ​by Atharva Singh and Pragyan Kalita; Editing by Devika Syamnath

**Companies:** Morgan Stanley, Scotiabank, BMO Capital Markets, Sunshine Silver Mining & Refining Company
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/sunshine-silver-eyes-232-billion-valuation-us-ipo-2026-05-26/)

---

Canonical: https://newsio.io/n/bf5a5230-1cf5-4c64-8c75-daab348fbe90/sunshine-silver-mining-refining-company-is-seeking-to-raise-up-to-330-million-th
Summarized by Newsio from Reuters. https://newsio.io/how-it-works