Sunshine Silver Mining rises 11% in NYSE debut after $270 million US IPO

Honeywell International

04/06/2026 16:51

    June 4 (Reuters) - Sunshine Silver Mining & Refining Company's SSMR.N shares jumped 11% in their New York Stock Exchange debut on Thursday, after the precious metals miner raised $270 million in its U.S. initial public offering.
Here are some details of the listing: 
The Kellogg, Idaho-based company's stock opened for trading at $15 apiece. 
It sold 20 million shares in the IPO at $13.50 apiece, the lower end of its targeted range of $13.50 to $16.50 each. 
Founded in 2010, Sunshine Silver focuses on acquisition, redevelopment and operation of precious metal assets across North America.
Silver prices have risen over the past year as investors piled into precious metals and on strong demand from solar and electronics manufacturers.
The U.S. IPO market has regained momentum this summer after Middle East tensions and concerns about AI's impact on software companies rattled sentiment and sidelined many issuers earlier this year.
Honeywell's HON.O quantum computing company Quantinuum and Advent- and ADIA-backed gas engine maker Innio are also set to headline a busy week for U.S. IPO activity.
Morgan Stanley, Scotiabank and BMO Capital Markets were the lead underwriters of Sunshine Silver's offering.

 (Reporting by Manya Saini in Bengaluru; Editing by Joyjeet Das and Shilpi Majumdar)
 ((Manya.Saini@thomsonreuters.com; X: manya__saini;))