Hycroft Mining Holding Corp Stock Price, News & Analysis

Hycroft Mining (NASDAQ: HYMC) has announced a proposed public offering of units to raise approximately $40 million. Each unit consists of one common stock share and one-half warrant, with each full warrant exercisable for one common share. BMO Capital Markets and Paradigm Capital Inc. are serving as joint book-running managers, with SCP Resource Finance LP acting as capital markets advisor. The offering's final pricing and terms will be determined when entering the underwriting agreement. Underwriters will receive a 30-day option to purchase up to an additional 15% of the base offering. The company plans to use the proceeds for exploration activities, working capital, and general corporate purposes. The offering is being made through an effective S-3 shelf registration statement.

Hycroft Mining (NASDAQ: HYMC) has released its Q1 2025 results, highlighting significant progress in its Nevada operations. The company ended Q1 with $39.7 million in unrestricted cash, $27.7 million in restricted cash, and $128.0 million in total debt. Key developments include advancement in metallurgical testing for sulfide ore processing options and confirmation of two new prospective exploration targets - Bay and Manganese.

The company maintains an exceptional safety record with a 0.00 TRIFR for over 1.2 million man-hours without incidents. With less than 10% of their 64,000+-acre property explored, recent drilling results have shown promising high-grade silver trends in the Brimstone area. Hycroft is considering a potential heap leach operation startup ahead of their planned milling operation, capitalizing on high commodity prices. The company expects to complete final metallurgical test work by mid-2025 and deliver a technical report with economics by year-end 2025.

Hycroft Mining has announced significant results from its 2024 exploration program at the Hycroft Mine in Nevada. The program revealed multiple high-grade discoveries across three key areas:

At Brimstone, drilling uncovered some of the best results in the mine's 40-year history, with several intervals exceeding 1000 g/t silver. The Vortex area showed a new high-grade silver trend, with one hole yielding 950 g/t silver and 4.78 g/t gold.

Two new exploration targets were successfully drilled: The Manganese Target, located 1 km east of Vortex, revealed oxide mineralization within 120 meters of surface. The Bay Target, situated 3.1 km from Brimstone, showed high-grade veins with strong potential at depth.

The company completed 9,058 meters of drilling and extensive geophysics surveys. Management suggests these high-grade discoveries could potentially serve as a starter-mine for their sulfide milling operation, with additional opportunities for a heap leach operation.

Hycroft Mining (NASDAQ: HYMC) has announced its 2024 full-year results, highlighting significant achievements in exploration and operations. The company reported its best drill hole in over 40 years, with an exceptional intercept of 21.2 meters of 2,359.68 g/t silver, including intervals exceeding 6,000 g/t silver.

The company's exploration program revealed two high-grade silver dominant trends at Vortex and Brimstone, with numerous drill hole intercepts exceeding 1,000 g/t silver. The 9,058-meter drilling program has transformed Hycroft's perception from a large, low-grade system to one with significant high-grade potential.

Key financial highlights include:

• $49.6 million in unrestricted cash at year-end
• Total debt of $125.0 million
• Pre-payment of $38.0 million in first lien debt

The company is exploring strategic alternatives to address its balance sheet, including debt restructuring, equity financing, joint ventures, or M&A transactions. Management notes these alternatives may be dilutive to existing shareholders.

Hycroft Mining (Nasdaq: HYMC) reports exceptional drilling results from its 2024 exploration program at the Hycroft Mine in Nevada. The highlight is Hole H24D-6018, which delivered 21.2 meters of 2,359.68 g/t silver and 0.38 g/t gold, including a remarkable section of 7.3 meters containing 6,278.23 g/t silver. This represents the best hole ever drilled at Hycroft in its 40+ year history.

The results confirm the continuity of the Brimstone high-grade silver dominant trend, extending mineralization along strike and up-dip. The presence of coarse grain argentotetrahedrite and chalcopyrite crystals suggests proximity to a magmatic source, marking a significant shift from the previous classification as a low sulfidation system.

The company completed 9,058 meters of core drilling in 2024 and ended the year with approximately $49.6 million in unrestricted cash, maintaining compliance with debt covenants. The exploration program successfully expanded two silver-dominant high-grade trends at both Brimstone and Vortex.

Hycroft Mining Holding (Nasdaq: HYMC) announced a leadership transition in its Board of Directors. Stephen A. Lang will step down as Chair due to health reasons effective January 15, 2025, but will continue serving as an Independent Director. Thomas Weng, the current independent Lead Director and Chair of the Corporate Governance and Nominating Committee, has been appointed as the new Board Chair.

Weng, who has been a director at Hycroft since May 2020, brings over 25 years of financial services experience. He co-founded Alta Capital Partners in 2011 and previously served as Managing Director at Deutsche Bank, heading Equity Capital Markets for Metals and Mining throughout the Americas and Latin America. He also held senior positions at Pacific Partners, Morgan Stanley, and Bear Stearns.

Hycroft Mining reports Q3 2024 results highlighting safety achievements and exploration progress. The company maintained a zero total recordable injury frequency rate for over two years, operating 1.2 million man hours without incidents. Quarter-end financials show $55.8 million in unrestricted cash and $122.1 million in total debt. The exploration program was expanded to 8,500 meters of core drilling, with 6,600 meters completed by September 30. Metallurgical testing revealed improved gold and silver flotation recoveries compared to previous technical reports. The company is evaluating roasting technology as an alternative to pressure oxidation for processing sulfide ore.

Hycroft Mining announces significant drill results from its 2024 exploration program at the Brimstone site. Key highlights include an exceptional intersection of 18.2 meters of 1,987.35 g/t silver and 0.35 g/t gold in hole H24D-6010. The drilling confirms continuity of the high-grade silver dominant trend, with multiple intervals exceeding 1,000 g/t silver. Notable results include sections containing up to 20,280 g/t silver. The Brimstone trend remains open both up and down-dip, with additional drill results pending. Petrography and geochemistry studies indicate at least three different overlapping high-grade mineralizing events likely derived from a magmatic source.

Hycroft Mining Holding (Nasdaq: HYMC) announces additional drill results from its 2024 exploration program at the Hycroft Mine in Nevada. The drilling has extended Vortex mineralization approximately 100 meters to the west and south, encountering elevated gold intercepts in the silver-dominant Vortex trend. Highlights include:

- H24D-6001: 124.4 meters of 102.59 g/t Ag and 0.95 g/t Au
- H24D-6002: 100.92 meters of 100.65 g/t Ag and 0.38 g/t Au
- H24D-6005: 222.4 meters of 32.38 g/t Ag and 0.45 g/t Au
- H24D-6007: 69 meters of 108.38 g/t Ag and 0.57 g/t Au

The drilling demonstrates continuity of high-grade silver and gold, with Vortex remaining open in all directions and at depth. A potential feeder zone at Vortex has been identified. The company's unrestricted cash balance was $56 million as of September 30, 2024.