Sinda to Begin Trading on NYSE
- Rare large-scale silver discovery in Mexico, the world’s top silver-mining jurisdiction
- High-grade deposits with significant exploration upside
- Seasoned Mexican Management Team backed by The Electrum Group with 30-year track record in silver and gold mining
- Investment from Fresnillo plc and Franco-Nevada
NEW YORK–(BUSINESS WIRE)–
Sinda Ltd. (the “Company” or “Sinda”), a silver exploration company with mineral projects in Mexico, will begin trading today on the New York Stock Exchange (the “NYSE”) under the ticker symbol “SIND”.
Daniel Muñiz Quintanilla, Executive Chairman, said: “Silver mining has been an important component of Mexico’s economy for centuries. Today silver is an essential metal for the global energy transition and remains an important monetary metal. Sinda’s silver/gold deposit is situated in the historic and prolific Guanajuato district and was discovered hidden beneath a clay cover that had concealed it from generations of explorers. Our mission at Sinda is clear — responsibly build a modern, long-lasting silver-gold mine with scale, grade and exploration upside, a combination that we believe has become increasingly rare. Listing on the NYSE is not the conclusion of our efforts that span more than a decade already; it is the start of our next phase forward.”
Dr. Thomas S. Kaplan, Chairman of The Electrum Group LLC, said: “For over three decades, Electrum has maintained a highly disciplined approach to natural resources investing, concentrating our portfolio exclusively in assets where we hold maximum conviction. We seek rare profiles of large-scale and high-grade projects in safe jurisdictions, what we have termed “category killers”, essentially staying “short jurisdictional risk” and “long blue-sky exploration upside”. Sinda truly epitomizes that philosophy — a true rarity in the silver space as a brand-new, potentially multi-mine district in the world’s most prolific silver belt. Because a world-class asset deserves world-class stewardship, we are incredibly proud to support Daniel Muñiz Quintanilla and his seasoned Mexican management team as they advance what we believe is a compelling primary silver opportunity in Mexico today.”
The Sinda Property: An Asset of Large Scale and Grade
Sinda is advancing a large-scale, high-grade silver-gold discovery across five contiguous mining concessions covering approximately 6,232 hectares in the historic Guanajuato epithermal silver belt (“the Project”) — one of the most prolific silver regions in the world. According to the technical report summary prepared by SRK Consulting (U.S.), Inc. (“SRK”), with an effective date of November 24, 2025, the Project hosts an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and approximately 16 million silver-equivalent ounces of Indicated Mineral Resources. Notably, the Indicated Mineral Resources carry an average grade of 692 silver-equivalent grams per tonne, placing Sinda among the highest-grade and largest notable underground primary silver assets in Latin America. Looking ahead, Sinda’s defined exploration targets of 452 to 484 million silver-equivalent ounces also suggest the potential for additional mineralization across the district, providing a multi-year runway for expected growth.
The discovery traces back to the PhD dissertation of Dr. Larry Buchanan, The Electrum Group’s Chief Geologist. Despite centuries of continuous mining across the Guanajuato district, the Sinda Property’s primary mineralization went undiscovered until 2016.
To date, the Company has identified approximately 135 veins spanning roughly 182 kilometers of strike length. According to the range of grades and tonnes estimated as Exploration Targets by SRK, Sinda believes that potential conversion of Exploration Targets to Mineral Resources would rank the Project as one of the top two comparable assets in the region. Critically, the current Mineral Resource estimate is based on drilling just 38% of these known veins — leaving nearly three-quarters of the broader land package entirely unexplored — while the project retains a significant, untested runway for resource expansion.
Strategic Industry Endorsements
Coinciding with the initial public offering, Sinda has secured backing from two prominent institutions in the precious metals sector. Referring to Sinda in their corporate communication as “a large primary silver asset that has the potential to be a globally significant mining operation”, Fresnillo plc, the world’s largest primary silver producer, is subscribing for up to 5% of Sinda’s outstanding shares in a private placement. Franco-Nevada, a premier global gold-focused royalty and streaming company, is also participating as an anchor investor in the offering with a $10 million order. Importantly, Sinda’s assets remain entirely unencumbered; Franco-Nevada’s participation constitutes a pure equity investment with no royalty or stream attached.
Daniel Muñiz Quintanilla added: “We are thrilled to welcome Fresnillo and Franco-Nevada as shareholders. Fresnillo’s deep operating history in Mexico and their highly prospective concessions adjacent to Sinda in Guanajuato Sur make them an ideal investor. We believe Franco-Nevada’s participation as a pure equity investor represents a powerful endorsement of our geological model. To have two industry leaders investing in our company in this manner speaks volumes about the quality, scale, and potential of this district.”
Use of Proceeds
Net proceeds from the offering are intended to fund our multi-year exploration and infill drilling program. This capital will also support the construction of a 9-kilometer underground exploration decline at the Caracol deposit. Sinda has secured the required permits for this work, which is designed to advance future underground mining with production-sized dimensions. The Company’s objective is to achieve initial production at the Sinda Property by 2031.
Bell Ringing Ceremony
To celebrate its listing, Sinda will ring the NYSE Opening Bell on July 2, 2026.
About Sinda Ltd.
Sinda is a silver exploration and development company with mineral projects in Mexico, featuring an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources, plus incremental Exploration Targets of 452 – 484 million silver-equivalent ounces. Backed by experienced mining investors and a management team with deep Mexican operating experience, Sinda expects to execute an aggressive exploration and drilling program, and to construct its underground decline enroute to commercial production.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the Company’s business strategy, the Company’s plans and objectives for future operations and industry trends. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “might,” “could,” “would,” “achieve,” “budget,” “scheduled,” “forecasts,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” and similar expressions are used to identify these forward-looking statements. All forward-looking statements speak only as of the date on which they are made. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions concerning future events that are difficult to predict. Therefore, actual future events or results may differ materially from these statements. We caution you not to place undue reliance on these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260626287733/en/
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