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Sinda Ltd. Reports Second Quarter 2026 Financial Results and Provides Operational Update
SAN MIGUEL DE ALLENDE, Mexico, August 14, 2026--Sinda Ltd. (NYSE: SIND) ("Sinda" or the "Company") today reported financial and operational results for the second quarter ended June 30, 2026, and provided an update on its development plan presented at the time of its initial public offering ("IPO").
About this update from Sinda Ltd.
Raised Total Gross Proceeds of ~$331 million via IPO and Fresnillo Concurrent Placement Completed 60,810-Meter Phase 1 Surface Drilling Program and Initiated Phase 2 Targeting Additional 122,000 Meters Achieved Exceptional Drilling Results at the New Don Diego Corridor Advancing Works to Initiate Construction of the Exploration Decline in 2H 2026 SAN MIGUEL DE ALLENDE, Mexico, August 14, 2026--(BUSINESS WIRE)--Sinda Ltd. (NYSE: SIND) ("Sinda" or the "Company") today reported financial and operational results for the second quarter ended June 30, 2026, and provided an update on its development plan presented at the time of its initial public offering ("IPO"). Sinda's debut on the New York Stock Exchange ("NYSE") on June 26, 2026, marks the beginning of an exciting new chapter in the advancement of what we believe to be one of the world's most significant silver discoveries in recent years. Our IPO and strategic concurrent placement were met with notable market enthusiasm, ultimately securing $331.3 million in total gross proceeds. EXECUTIVE COMMENTARY Daniel Muñiz Quintanilla, Executive Chairman of Sinda, commented: "With its successful IPO, as the pure play vehicle on a brand-new district in the "Guanajuato Sur" area, Sinda put a spotlight on what we believe to be one of the most important silver-gold discoveries in Mexico — if not the world. The events of this past quarter, characterized by our thorough execution of the strategic plan that was outlined when entering the U.S. capital markets, have only reinforced Sinda's highly differentiated narrative in the silver space. To start with, we completed our highly productive Phase 1 surface drilling program and progressed the essential work to move underground with an exploration decline — with construction planned to commence during the second half of 2026. In addition, we strongly advanced Don Diego as a key near-term exploration focus. We are greatly encouraged by our initial findings at Don Diego, where drilling has revealed a potential connection between our Caracol and Agaves areas. Notably, Don Diego is not included in either our current Inferred and Indicated Mineral Resource estimates, nor the previously defined Incremental Exploration Targets. As hinted at by Don Diego, we believe that our systematic exploration campaign has only begun to define the full extent of this district's potential. Unlocki...