Sinda, an exploration-stage silver miner with operations in Guanajuato, Mexico, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Sinda is a silver exploration-stage company focused on the development of the Sinda Property in Guanajuato, Mexico. Backed by natural resources investment firm The Electrum Group, the company has not yet established a mine plan or commenced production. Operations to date have consisted primarily of exploration drilling and geological assessment of the property, which spans approximately 182 kilometers of identified mineralized strike length. The company has generated no revenue and has relied on funding from its sponsor to finance exploration activities.
The San Miguel de Allende, Mexico-based company was founded in 2012 and plans to list on the NYSE under the symbol SIND. Sinda filed confidentially on January 27, 2026. Morgan Stanley, Scotia Capital, BMO Capital Markets, Canaccord Genuity, Citi, and RBC Capital Markets are the joint bookrunners on the deal.
