en.Wedoany.com Reported - Mexican silver exploration and development company Sinda Ltd. publicly filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on June 5, 2026, planning to raise up to $100 million through an initial public offering (IPO). The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol "SIND."

Founded in 2012 and headquartered in Mexico, Sinda is a mining company focused on the exploration and development of silver and precious metals. It is currently in the exploration stage, has not yet generated any revenue, and relies primarily on funding from its founding shareholders. The company is a portfolio company supported by The Electrum Group, a natural resources investment firm. The Electrum Group is a U.S.-based private investment company founded and led by billionaire investor Thomas Kaplan, specializing in natural resource investments.

Sinda's core asset is located in the state of Guanajuato in central Mexico, within the historic Guanajuato silver belt. The project consists of five adjacent mining concession areas, covering a total area of approximately 6,232 hectares. The total strike length of confirmed mineralized zones within the project area is approximately 182 kilometers. On a silver-equivalent basis, the project holds approximately 369 million ounces of inferred mineral resources and 16 million ounces of indicated mineral resources, with an incremental exploration target range of 452 million to 484 million silver-equivalent ounces.

Sinda has not yet developed a mine plan or commenced production. The company plans to use the IPO proceeds to advance its exploration drilling program, underground tunnel construction, and other project development expenditures. In terms of the underwriting team, Morgan Stanley, Scotiabank, and BMO Capital Markets are serving as joint lead bookrunners for the offering, while Canaccord Genuity, Citigroup, and RBC Capital Markets are acting as joint bookrunners.

Sinda's application for listing on the New York Stock Exchange is one of the cases in 2026 where mining companies seek public market financing amid high precious metal prices. On June 4, 2026, prior to this, another silver producer, Sunshine Silver, completed its listing on the NYSE. According to disclosures in the SEC filing, Sinda recorded a net loss of approximately $11.6 million in the first quarter of 2026, compared to a net loss of approximately $2.6 million in the same period last year. Under U.S. securities regulations, the related registration statement must be declared effective by the SEC before securities can be sold.

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