Sunshine Silver Mining and Refining Is Back!

Something big happened recently for US domestic silver mining. The Sunshine Mine, located in Coeur d'Alene, Idaho, was the largest silver producing mine up until it closed in 2001. Up to that point it had produced over 300,000,000 ounces of silver! (Source)

(Created with ChatGPT)

The Sunshine Silver Mining and Refining company that owns the mine just completed an IPO of common stock, which raised approximately $320,000,000 in capital. Their goal is to reopen the mine, continue exploration and open by 2028. It's estimated once the mine is fully functional it will increase US national silver production by fifteen percent! The best part is they have all of the equipment and infrastructure in place to mine, smelt and refine the ore into the final product! (Source)

I'm not a financial expert, but with silver prices as high as they are, I don't foresee them having any issues staying profitable. With how prevalent silver is now in technology, weapons and the medical industry, it's only going to help us as a country. I'll likely be purchasing some shares as a long-term hold. I could be wrong on it, but I'll take the risk.

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