Sinda (SIND) Mining Forum Americas 2026 summary

IPO and backing

• Summer IPO raised $333 million; Fresnillo acquired a 5% stake and joined as an anchor investor, alongside backing from Electrum and Franco-Nevada.

• Fresnillo and the project are neighbors in the Guanajuato silver district; the asset covers 6,200 hectares across five 50-year concessions.

Resource and geology

• Mineral report certified by SRK cites 369 million silver-equivalent ounces inferred, 16 million ounces indicated and nearly 500 million ounces in exploration targets; management sees line of sight to 800 million ounces and potential for 1 billion.

• Drilling totals 300,000 m; reported grades include 386 g/t inferred, with recent results of 12,500 g/t silver equivalent over 3 m.

• Drilling has tested 38% of veins and 26% of the land package; each mapped vein suggests ~4 additional veins, while the deposit remains open.

• Don Diego drilling began in February 2026 and could connect the Caracol and Agaves ore bodies; it is outside the cited 800 million-ounce line of sight.

Location and operating context

• Guanajuato's southern district has produced more than 4 billion ounces of silver; Fresnillo, Guanajuato and Pachuca districts have each produced more than 1 billion ounces.

• Site access includes two airports, railroads, toll roads and a skilled workforce; management cited $15 billion of automotive foreign investment in the area as evidence of established infrastructure.

• Management said Mexico's mining-policy stance has improved under President Sheinbaum, with Plan Mexico identifying mining as a strategic economic-development pillar.