en.Wedoany.com Reported - Mexican precious metals exploration company Sinda Ltd. began trading on the New York Stock Exchange under the ticker "SIND," while consolidating a large-scale, high-grade gold and silver discovery in the historic Guanajuato mining district. The mining concession covers 6,232 hectares across five adjacent claims. According to a technical report by SRK Consulting, the project contains approximately 369 million silver-equivalent ounces in Inferred Mineral Resources, along with 16 million ounces in Indicated Resources, the latter averaging a high grade of 692 grams per tonne silver equivalent.

This discovery positions Sinda as one of the largest and highest-grade primary silver mines in Latin America. The deposit, buried under clay layers for centuries, was identified in 2016 through a paper by Dr. Larry Buchanan, Chief Geologist at The Electrum Group LLC. The company brings three decades of industry experience to support the project.

Sinda's potential has attracted industry players. Fresnillo plc, the world's largest primary silver producer, will subscribe for up to a 5% stake through a private placement. Additionally, Franco-Nevada participated as an anchor investor, injecting $10 million in pure equity capital, keeping the asset royalty-free.

Daniel Muñiz Quintanilla, Executive Chairman of Sinda, stated that silver is a critical metal for the global energy transition. Proceeds from the offering will fund a multi-year drilling program and the construction of a 9-kilometer underground exploration ramp at the Caracol deposit. The company expects to achieve initial production by 2031.

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