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Sentinel Silver gains 11% after US offering
Sunshine Silver Mining and Refining Company closed trading on Thursday with an 11% increase after successfully raising approximately $270 million through an initial public offering on the New York Stock Exchange, which boosted its market value to $2.1 billion. The company, headquartered in Idaho, aims to use the proceeds to resume mining operations at the Sunshine Mine, which has been halted since 2001, with a plan to operate the facility at full capacity by 2028, focusing on the processing of silver, copper, antimony, and lead. This move comes amid rising global silver prices, which nearly doubled over the past year, reflecting the increasing demand for the metal across multiple industries.
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