Mexico silver mine developer Sinda Ltd (SIND.US) is sprinting towards a US stock market IPO with plans to raise up to $345 million.

As the price of silver continues to rise and the investment fever in precious metals heats up, Mexican silver mining developer Sinda Ltd. plans to raise up to $345.2 million through an initial public offering (IPO) and simultaneous private placement, becoming the latest case in the recent wave of metal mining companies listing in the United States. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Sinda plans to issue 17.75 million shares of stock at a price range of $11.25 to $13.25 per share. If priced at the upper end of the range, the company will raise approximately $235.2 million through the IPO. At the same time, the company also plans to conduct a simultaneous private placement. Fresnillo Plc, one of the world's largest precious metal producers, has agreed to subscribe for up to $110 million in shares at the IPO price. The condition for this private placement is that the total amount raised in the IPO is at least $199 million, and the price is not lower than $11.25 per share. If both the IPO and private placement are completed at the upper end of the price range, Sinda's valuation will reach approximately $2.08 billion. Information shows that Sinda is a Mexican silver mining development company headquartered in Guanajuato State, Mexico. The company's core project in the state has approximately 385 million ounces of silver equivalent resources, with about 369 million ounces as preliminary exploration resources and about 16 million ounces confirmed through advanced exploration. The company expects the relevant mining projects to be in commercial production around 2031. The funds raised in this IPO will be mainly used for drilling, resource exploration, and mine development construction. Sinda's decision to launch the listing plan at this time is closely related to the continued strength of the silver market in recent years. Data shows that the spot price of silver has risen by approximately 84% in the past year. Market analysis believes that the increase in safe-haven demand, continued buying by Chinese investors, and the rapid growth in data center construction and the CECEP Solar Energy industry have collectively driven the significant rise in silver prices. In particular, with the accelerated construction of artificial intelligence (AI) data centers, the continued increase in demand for silver in cooling systems, electronic components, and new energy equipment is becoming one of the important drivers supporting the long-term growth in silver demand. In terms of ownership structure, Sinda is backed by the well-known natural resources investment firm, Electrum Group. The prospectus shows that after this IPO and private placement, Electrum is expected to hold approximately 78% of the voting rights of shareholders. It is worth noting that another mining company supported by Electrum, Sunshine Silver Mining & Refining (SSMR.US), just completed a U.S. IPO in June of this year, raising $270 million, with the stock price rising 27% on the first day of trading, demonstrating the current market's high enthusiasm for precious metal mining assets. Financial data shows that Sinda is still in the project development stage. In the first three months of 2026, the company reported a net loss of $11.6 million, compared to a loss of $2.6 million in the same period last year, indicating an increase in the scale of losses. This IPO is being lead by Morgan Stanley (MS.US), Bank of Nova Scotia (BNS.US), and Bank of Montreal (BMO.US). The company plans to list on the New York Stock Exchange under the ticker symbol "SIND."