On Friday, the Mexican silver mining development company Sinda Ltd. (SIND.US) began trading on the US stock market. The stock's price showed minimal movement after opening, and by the close of its first trading session, the share price ended flat at $12, which was also its initial public offering price.
Sinda Ltd. is a silver mining development firm headquartered in Mexico. The company's core project, located in Mexico's Guanajuato state, holds an estimated resource of approximately 385 million ounces of silver equivalent. Within this total, about 369 million ounces are classified as an initial inferred resource, while roughly 16 million ounces have been validated through more advanced exploration work.