SSMR Sunshine Silver Mining & Refining Co

NEUTRAL Impact: 3/10 3
Horizon immediate Filed Jun 3, 2026 Processed 9d 12h ago SEC 0001193125-26-255717
Form 3 — initial insider ownership statement
Latest settled — T+1d ⚠ clustered
SSMR ▼ -18.37% at T+1d
NEUTRAL call ✗ call lost -18.37% · α vs SPY -15.77% · entry $17.15 → $14.00
Next anchor: T+5d due 3d ago
Currently $15.00 · -12.54% from $17.15 entry
Entry anchored
Jun 3, 2026
via day open
T+1d
-18.37%
call -18.37% · α -15.77%
$14.00
settled 9d ago
T+5d
call — · α —
due 3d ago
T+20d
call — · α —
in 19d
T+60d
call — · α —
in 3mo

Price Chart

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Executive Summary

This is an initial statement of beneficial ownership (Form 3) filed by Thomas S. Kaplan and a network of Electrum-affiliated entities (Electrum Silver US LLC, Electrum Silver US II LLC, and others) upon becoming reporting persons for Sunshine Silver Mining & Refining Co. The filing discloses aggregate beneficial ownership of approximately 85.9 million shares of common stock (including shares held indirectly through subsidiaries and warrants) and multiple tranches of warrants exercisable at $2.87–$5.00 per share, expiring between 2027 and 2029. Kaplan serves as Chairman of the issuer's board, and the Electrum entities may be deemed directors by deputization. The filing is a routine initial ownership disclosure with no material financial data or corporate action.

Actionable Insight

This is a routine initial ownership filing with no trading activity or corporate event. Monitor for any subsequent Form 4 filings or Schedule 13D amendments that could signal changes in the Electrum group's stake or intentions.

Key Facts

  • Thomas S. Kaplan and 10 affiliated Electrum entities filed Form 3 as initial beneficial ownership reports for Sunshine Silver Mining & Refining Co.
  • Kaplan is Chairman of the issuer's Board of Directors; Electrum entities may be deemed directors by deputization.
  • Electrum Silver US LLC directly owns 75,938,300 shares of common stock and holds warrants to purchase an additional 10,682,410 shares at exercise prices of $2.87–$5.00.
  • Electrum Silver US II LLC directly owns 7,365,270 shares and holds warrants for 927,890 shares at $5.00.
  • Additional indirect holdings include 1,266,260 shares via Tigris Financial Group Ltd., 60,010 via Manul Capital Management LLC, and 393,230 via GRAT Holdings LLC.
  • No transaction prices, offering amounts, or financial performance data are disclosed in this filing.

Financial Impact

No financial impact; filing discloses existing beneficial ownership positions with no new transactions or capital changes.

Risk Factors

  • No material risks identified from this filing; it is a standard initial beneficial ownership disclosure.

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
3 Filing (Primary)0001193125-26-255717
Document: 0001193125-26-255717-index.html0001193125-26-255717
Document: 0001193125-26-255717.txt0001193125-26-255717
10 reports for SSMR
Performance horizon

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Reports for SSMR — sortable, filterable
Type Now
Jun 8, 2026
4d ago
Insider Cluster
BEARISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (−1.56%)
Jun 8, 2026
4d ago
Insider Cluster
BULLISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (+1.56%)
Jun 8, 2026
4d ago
Insider Cluster
BULLISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (+1.56%)
Jun 8, 2026
4d ago
Insider Cluster
BULLISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (+1.56%)
Jun 8, 2026
4d ago
Insider Cluster
BULLISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (+1.56%)
Jun 8, 2026
4d ago
Insider Buy
BULLISH ★ 5/10
$14.77 awaiting T+1awaiting T+1$15.00 (+1.56%)
Jun 5, 2026
8d ago
424B4
BULLISH ★ 7/10
$15.41 awaiting T+1awaiting T+1$15.00 (−2.66%)
Jun 4, 2026
9d ago
EFFECT
BULLISH ★ 7/10
$17.15 $14.00▼ −18.37%▼ −15.77%$15.00 (−12.54%)
Jun 3, 2026
9d ago
3
NEUTRAL ★ 3/10
$17.15 $14.00▼ −18.37%▼ −15.77%$15.00 (−12.54%)
Jun 3, 2026
9d ago
3
NEUTRAL ★ 3/10
$17.15 $14.00▼ −18.37%▼ −15.77%$15.00 (−12.54%)
Showing 10 of 10

US Market Status

Market Closed — Opens Mon (52h 27m)

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