Sinda Ltd.

Sinda Reports Highest-Grade Intercept to Date at Caracol and Advances Site Preparation for the Exploration Decline

Sinda reported its highest-grade drill intercept to date at Caracol: 3.05 meters grading 12,494 g/t silver-equivalent, including 0.65 meters at 24,548 g/t AgEq. Hole CECA-26-039-A cut the HD3 vein inside the existing Inferred Mineral Resource as part of the Dolores infill program, and the results are expected to feed the year-end 2026 Mineral Resource Estimate update. Site preparation for the roughly 9-kilometer, production-sized exploration decline is underway at Caracol, with initial completion targeted by the end of the fourth quarter of 2026. Sinda is operating 16 drill rigs and plans to expand to 18, with Phase 2 targeting an additional 122,000 meters through the end of 2027 after roughly 60,810 meters of Phase 1 drilling.

•1mo ago

Sinda Ltd. Announces Inclusion in the VanEck Junior Gold Miners ETF (GDXJ)

Sinda Ltd. will be added to the VanEck Junior Gold Miners ETF (GDXJ), effective at market close on September 18, 2026. The inclusion comes less than three months after the company's NYSE IPO on June 26, 2026, and Executive Chairman Daniel Muñiz expects it to raise Sinda's profile among global precious metals investors. Sinda is a Mexico-focused silver explorer reporting an estimated 369 million silver-equivalent ounces of inferred resources and 16 million ounces indicated, plus conceptual exploration targets of 452-484 million additional ounces on only 38% of known veins drilled.

•1mo ago

Sinda Ltd. Reports Second Quarter 2026 Financial Results and Provides Operational Update

Sinda reported a Q2 net loss of $16.6 million, widened from $2.2 million in the prior year due to planned exploration spend and IPO preparation, while securing a strong cash position of $320.7 million post-IPO. Operationally, the company completed its 60,810-meter Phase 1 drilling program and released exceptional results from the Don Diego corridor, including intercepts grading over 4,000 g/t silver-equivalent. With capital fully secured for 2-3 years, Sinda plans to commence construction of the exploration decline in the second half of 2026 and target an updated Mineral Resource Estimate by year-end.

•2mo ago

Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.

Sinda Ltd. closed a $95.3 million concurrent private placement with Fresnillo plc, issuing 7.94 million shares at the IPO price of $12.00 per share. The investment comes with a 180-day lock-up and provides capital to advance Sinda's exploration and development objectives in Mexico. Fresnillo, the largest silver miner globally, described the Sinda Property as a large primary silver asset with potential for a globally significant operation.

•2mo ago

Sinda Ltd. Announces Closing of Initial Public Offering

Sinda Ltd. has closed its initial public offering, selling 17.75 million shares at $12.00 per share for gross proceeds of approximately $213 million. The company's common stock began trading on the New York Stock Exchange on June 26, 2026, under the ticker symbol SIND. Sinda is a silver exploration and development company focused on Mexico, holding estimated inferred mineral resources of 369 million silver-equivalent ounces and plans to fund an aggressive drilling program with the new capital.

•3mo ago