Welcome to our dedicated page for Hycroft Mining Holding news (Ticker: HYMC), a resource for investors and traders seeking the latest updates and insights on Hycroft Mining Holding stock.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) is a U.S.-based gold and silver company centered on the Hycroft Mine in northern Nevada, a Tier-1 mining jurisdiction. The HYMC news feed on Stock Titan aggregates the company’s press releases and related market announcements so readers can follow developments at one of the world’s larger precious metals deposits as described by Hycroft.
Recent Hycroft news has focused on exploration results, technical work and financing activities. The company has reported high-grade silver intercepts from its 2025–2026 Exploration Drill Program at the Vortex and Brimstone zones, including what it calls the highest grades to date in the Vortex system and confirmation that mineralization remains open in multiple directions and at depth. Other updates cover induced polarization geophysics at Brimstone that outlined a deep target interpreted as a potential feeder zone, as well as drilling plans across the company’s more than 64,000-acre land package.
Corporate and financial news items include announcements of a non-brokered private placement led by Eric Sprott, an upsized underwritten public offering of common stock, and subsequent repayment and repurchase of Hycroft’s outstanding debt obligations. Hycroft has also issued quarterly results, balance sheet updates, and information about changes in its shareholder base, including increased ownership by institutional investors in the global mining sector.
Investors and sector watchers can use this page to review HYMC news related to exploration drilling, metallurgical and engineering studies for a potential sulfide milling operation, capital raises, debt reduction, and governance matters such as proxy statements and annual meeting notices. Bookmark this feed to quickly access new Hycroft releases and associated SEC-referenced announcements as they are published.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced the completion of Phase 1 of its 2022-2023 exploration drill program at the Hycroft Mine in Northern Nevada. The focus was on drilling within current resources and expanding understanding of higher-grade zones, with 25,000 meters of Reverse Circulation drilling completed. Results so far have been positive, leading to plans for Phase 2 drilling anticipated to begin in early Q2 2023. The ongoing technical work aims to optimize gold and silver recoveries. Furthermore, assay results from Phase 1 are expected by the end of February and March 2023, respectively, enhancing future mine planning and operations.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced significant drill results from its 2022-2023 exploration program at the Hycroft Mine in Northern Nevada. Key findings include high-grade gold and silver mineralization with notable results such as 35 meters of 2.83 g/t gold and 35.59 g/t silver from hole H22R-5671. Overall, 14 out of 20 reported holes exceeded previous grade estimates. The company has completed a total of 24,000 meters of reverse circulation drilling and will continue its program into 2023, targeting high-grade areas previously considered low potential.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) has announced a significant debt reduction of approximately $12.2 million, executed at a substantial discount of 42% to the face value. The company paid $6.7 million in cash and issued 500,000 shares to achieve this. With over $140 million in cash and a strong exploration program, Hycroft aims to enhance shareholder value. CEO Diane R. Garrett emphasized the importance of this financial strategy as part of strengthening their balance sheet. Additional assay results are anticipated before year-end.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) provided a corporate update on November 17, 2022, detailing progress in its exploration and development activities at the Hycroft Mine in Northern Nevada. The company reported completion of approximately 21,600 meters of a 38,000-meter drill program, indicating continuity in higher-grade zones. Hycroft is also advancing technical studies for the next operational phase and plans to update its resource model in Q1 2023. Additionally, Moss Adams has been appointed as the new independent auditor to enhance corporate governance.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) has reported promising drill results from its 2022-2023 exploration program at the Hycroft Mine in Nevada. Highlights include H22R-5648, which returned 189 meters of 1.06 g/t gold and 58.33 g/t silver, with multiple high-grade intercepts. The results suggest improved continuity in higher-grade areas compared to earlier models. CEO Diane R. Garrett emphasized the potential for enhancing resource grades and identifying a higher-grade starter pit. Current drilling is ongoing, focusing on various areas within the mine, with a second core drill added to the fleet.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced its Q3 2022 results, highlighting significant operational advancements. The company reported zero reportable injuries year-to-date and a trailing twelve-month total recordable injury frequency rate of zero. Gold and silver recoveries reached 3,480 and 3,473 ounces, respectively, for Q3, contributing to a total cash position of $153 million. The ongoing exploration program is the largest in nearly a decade, focusing on higher-grade opportunities. Management is optimistic about converting waste to ore through targeted drilling to enhance revenue.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) has launched a new website featuring an interactive presentation powered by VRIFY Technology Inc. This presentation includes a 3D model and 360-degree virtual tour of the Hycroft Mine, allowing investors to explore the mine's infrastructure. The platform enhances transparency and communication through a direct Q&A feature, enabling real-time engagement with management. CEO Diane Garrett emphasized the importance of clear communication with investors as the company ramps up its largest exploration program in nearly a decade.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced initial drill results from its 2022-2023 exploration program at the Hycroft Mine in Nevada. Highlights include hole 22R-5650 with 82 meters at 1.03 g/t gold and 30.38 g/t silver, showcasing higher-grade zones more continuous than previously interpreted. The exploration aims to evaluate untapped potential across 100,000 feet of reverse circulation and 25,000 feet of core drilling. The results will contribute to updated resource models and mine planning activities, reflecting significant higher gold and silver grades in the assessed zones.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) filed its 10-Q for Q2 2022, highlighting significant advancements at the Hycroft Mine in Northern Nevada. The company reported 6,487 ounces of gold and 18,566 ounces of silver recovered during the quarter, with a strong cash position of $157.8 million. Safety performance improved with a 0.28 TRIFR, a 56% reduction compared to 2021. A major exploration program is underway, focusing on high-grade opportunities and aiming for 100,000 feet of drilling. Adjustments to the HYMCZ warrants have also been made following the issuance of equity awards.
Hycroft Mining Holding Corporation (Nasdaq: HYMC) announced its 2022-2023 exploration program, marking the largest initiative in nearly a decade at its Hycroft Mine. The program includes 125,000 feet of reverse circulation and 20,000 feet of core drilling, targeting high-grade mineralization identified in previous studies. Key focus areas involve expanding the Vortex Zone and investigating untapped potential across over 60,000 acres. The estimated expenditure for this program is between US$15-20 million, significantly influencing the company's resource modeling and future mining operations.