BUZZ-Sunshine Silver Mining on track to open higher in debut after $270 million IPO

Sunshine Silver Mining & Refining Company
First Majestic Silver Corp.

Sunshine Silver Mining & Refining Company

SSMR

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First Majestic Silver Corp.

AG

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Updates

** Sunshine Silver Mining & Refining SSMR.N on track to open above offer price in its New York Stock Exchange debut after $270 million IPO

** Stock recently indicated to open between $14-$16 each vs $13.50 IPO price

** Kellogg, Idaho-based SSMR sold 20 million shares at lower end of its marketed range of $13.50 and $16.50 per share

** SSMR is working on restarting a previously shuttered mine in Idaho's Silver Valley, one of the largest historic silver-producing regions in ​the U.S.

** Listing comes as silver demand is rising across solar, electrification, electronics and advanced technologies

** Morgan Stanley, Scotiabank and BMO Capital Markets acted as joint lead book-running managers for offering


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