Silver explorer begins trading on the NYSE
Sinda Ltd. (NYSE:SIND), a silver exploration and development company focused on Mexico, has completed its initial public offering, raising approximately $213 million in gross proceeds before underwriting discounts, commissions and other offering-related expenses.
The company sold 17,750,000 common shares at a public offering price of $12.00 each. Its shares began trading on the New York Stock Exchange on June 26, 2026.
Morgan Stanley, Scotiabank and BMO Capital Markets acted as joint lead book-running managers for the transaction, while Canaccord Genuity, Citigroup and RBC Capital Markets served as joint bookrunners.
Portfolio includes substantial silver resource base
According to the company, its Mexican mining portfolio contains an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources.
Sinda also reported exploration targets ranging from 452 million to 484 million silver-equivalent ounces across its project portfolio.
The U.S. Securities and Exchange Commission declared the company’s registration statement effective on June 25, 2026, and a prospectus relating to the offering has been filed with the regulator.