Sunshine Silver Mining & Refining Company finished the second quarter of 2026 with $288.7 million in cash and cash equivalents and no debt, following the completion of its initial public offering on the New York Stock Exchange in June.

With silver priced at $64.92 per ounce as of August 13, 2026, up 9.43% over the preceding 30 days from $59.33, the company is advancing its flagship Sunshine Mine in Idaho's Silver Valley. The deposit hosts an Indicated Mineral Resource of 103.9 million ounces of silver at an average grade of 1,022 grams per tonne, alongside an Inferred Mineral Resource of 159.8 million ounces at an average grade of 776 grams per tonne.

“The second quarter, marked by the successful completion of our initial public offering and listing on the New York Stock Exchange, was transformational for the iconic mine known throughout the Silver Valley as The Shine -- and for the American silver industry, We ended the quarter with approximately $289 million in cash and no debt -- an excellent position to complete our ongoing drill program, complete our feasibility studies, and continue the infrastructure work required to support our planned return to production in late 2028 as one of America's very largest primary silver mines. Our recent high-grade drill results reinforce the exceptional quality and near-mine growth potential of the Sunshine Mine --as well as a district-scale exploration upside. As the largest mineral rights holder in the Silver Valley, we believe that the next Sunshine is at Sunshine, with the opportunity over time to develop multiple mines on our land package.”

— Heather White, Chief Executive Officer

During the quarter, Sunshine Silver advanced its 50,000-meter underground infill drilling program using three active drill rigs. The company also commissioned a new operating hoist for the Jewell Shaft with a capacity of 3,500 tonnes per day, and progressed plans to decommission existing mill facilities to prepare the site for a new 2,000-tonne-per-day mill.

The Sunshine Mine Feasibility Study is scheduled for completion in the second quarter of 2027. Feasibility studies evaluating the potential restart of the Silver-Copper Refinery and the construction of a new antimony plant are also targeted for completion in early 2027.

Read the full announcement: Sunshine Silver Mining & Refining Reports Second Quarter 2026 Results