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Hycroft Mining (NASDAQ: HYMC) lifts Q1 2026 resources and details 2026 plans

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hycroft Mining Holding Corporation reported its first quarter 2026 results and a corporate update, highlighting safety, liquidity and resource growth at the Hycroft Mine in Nevada. The company maintained an injury-free record with a 0.00 total recordable injury frequency rate and more than 1.4 million work hours without a lost-time incident.

Hycroft ended the quarter with $189.0 million in cash and cash equivalents and no debt, and reported an approximately 55% increase in measured and indicated resources to 16.4 million ounces of gold and 562.6 million ounces of silver, plus additional inferred ounces. It also outlined 2026 plans to expand drilling, complete a Preliminary Economic Assessment for sulfide milling, evaluate processing options, and advance work on a potential heap leach restart and future development.

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Insights

Hycroft pairs strong liquidity with a major resource upgrade.

Hycroft Mining emphasizes balance-sheet strength with $189.0 million in cash and cash equivalents and no debt, which can support its ongoing 2025–2026 exploration drill program and technical studies at the Hycroft Mine without immediate financing pressure disclosed here.

The company reports an approximate 55% increase in measured and indicated resources to 16.4 million ounces of gold and 562.6 million ounces of silver, plus significant inferred ounces and a new high-grade silver resource with underground potential. These figures come from the Initial Assessment Technical Report filed on February 18, 2026.

Hycroft plans in 2026 to add core drill rigs, accelerate exploration, complete a Preliminary Economic Assessment for milling sulfide ore, run trade-off analysis between pressure oxidation and roasting, and assess a potential heap leach restart. Subsequent company filings and technical reports will show how these studies translate into project economics.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Safety performance 0.00 TRIFR Total recordable injury frequency rate with over 1.4M work hours and no lost-time incidents
Cash and cash equivalents $189.0 million Balance sheet as highlighted in first quarter 2026 update, with no debt
Work hours without lost-time incident More than 1.4 million hours Cumulative safety record at the Hycroft Mine
Measured & indicated gold resources 16.4 million ounces Gold measured and indicated mineral resources after ~55% increase, per Initial Assessment Technical Report
Measured & indicated silver resources 562.6 million ounces Silver measured and indicated mineral resources after ~55% increase, per Initial Assessment Technical Report
High-grade silver M&I resource 90.2 million ounces Measured and indicated high-grade silver with underground potential, plus 13.4M inferred ounces
High-grade gold M&I resource 299 thousand ounces Measured and indicated gold within high-grade system, plus 51 thousand inferred ounces
Drilling completed More than 9,000 meters 2025–2026 Exploration Drill Program focused on Brimstone and Vortex high-grade silver systems
total recordable injury frequency rate operational
"no lost-time incidents, 0.00 total recordable injury frequency rate (“TRIFR”)"
Total recordable injury frequency rate is a workplace-safety metric that counts the number of injuries requiring medical treatment, restricted work, or lost time, scaled to a standard amount of employee hours (commonly per million hours worked). Think of it like counting car accidents per miles driven: it lets investors compare how safely different operations run, signaling potential costs, production disruptions, regulatory risk, and reputational exposure tied to worker safety.
measured and indicated financial
"Increased measured and indicated gold and silver mineral resources by approximately 55%"
Measured and indicated are two levels of confidence used to describe the size and quality of a mineral deposit: "measured" means the quantities and grade are well tested and closely known, while "indicated" means they are reasonably estimated but with more uncertainty. Investors use these categories to judge how reliably a resource can be converted into reserves and future cash flow—think of measured like a weighed recipe and indicated like a good estimate based on past batches.
Initial Assessment Technical Report technical
"as reported in the Initial Assessment Technical Report filed February 18, 2026"
An initial assessment technical report is a formal, first-stage document that summarizes the core technical findings, methods, assumptions and data about a project or asset—such as resource size, production steps, costs and major risks—based on preliminary studies. It matters to investors because it provides an early, evidence-based snapshot of potential value and likely obstacles, like a basic inspection report that helps decide whether to pursue a deeper review or investment.
Preliminary Economic Assessment (PEA) technical
"Complete and publish Preliminary Economic Assessment (PEA) for milling sulfide ore"
A preliminary economic assessment (PEA) is an early-stage study that shows whether a proposed mining or resource project could make money by estimating likely production levels, costs, and returns using accessible but limited data. It matters to investors because a PEA acts like a rough business plan or feasibility snapshot: it highlights potential value, capital needs and main risks so investors can decide whether to fund further, more detailed work or walk away.
pressure oxidation technical
"recovering gold and silver through pressure oxidation process"
Pressure oxidation is a high-pressure, high-temperature chemical process used to break down tough mineral ores so valuable metals can be recovered more easily, like using a pressure cooker to soften food before extracting ingredients. It matters to investors because it can substantially increase metal recovery and thus revenue, but also raises capital, operating and environmental costs and technical risk, affecting a mining project's profitability and timeline.
heap leach operation technical
"metallurgical test work for potential re-start of a heap leach operation"
A heap leach operation is a mining process where crushed ore is stacked in large piles and a liquid solution is applied to slowly wash out valuable metals like gold, copper or silver, much like brewing tea to extract flavor. Investors care because it is a low‑cost, scalable way to produce metal but can take months to yield output and carries environmental, permitting and closure risks that affect production timing, costs and a miner’s long‑term liability.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 28, 2026

 

HYCROFT MINING HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   001-38387   82-2657796
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

P.O. Box 3030

Winnemucca, Nevada

  89446
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (775) 304-0260

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A common stock, par value $0.0001 per share   HYMC   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On April 28, 2026, Hycroft Mining Holding Corporation (the “Company”) issued a press release providing information about its operating and financial results for the quarter ended March 31, 2026. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.

 

The information included in this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 7.01. Regulation FD Disclosure.

 

Beginning on April 28, 2026, management of the Company will issue, publish and/or deliver the investor presentation attached hereto as Exhibit 99.2 and incorporated herein by reference.

 

The information included in this Item 7.01, including Exhibit 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K.

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated April 28, 2026
99.2   Investor presentation of the registrant
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: April 28, 2026 Hycroft Mining Holding Corporation
   
  By: /s/ Rebecca A. Jennings
    Rebecca A. Jennings
    Senior Vice President and General Counsel

 

 

 

 

Exhibit 99.1

 

 

Hycroft Files First Quarter 2026 10-Q and Provides Corporate Update

 

WINNEMUCCA, NV, April 28, 2026 Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or the “Company”) announces first quarter 2026 results and filing of its Form 10-Q.

 

First Quarter 2026 Highlights

 

  Maintained injury free safety record with no lost-time incidents, 0.00 total recordable injury frequency rate (“TRIFR”) and more than 1.4 million work hours without a lost-time incident
     
  Maintained strong balance sheet with cash and cash equivalents of US$189.0 million and no debt
     
  Increased measured and indicated gold and silver mineral resources by approximately 55% to 16.4 million ounces of gold (and an additional 5.0 million ounces of inferred) and 562.6 million ounces of silver (and an additional 132.8 million ounces of inferred) as reported in the Initial Assessment Technical Report filed February 18, 2026
     
  Established initial high-grade silver resource with underground potential at 90.2 million ounces of measured and indicated silver and an additional 13.4 million ounces of inferred and 299 thousand ounces of measured and indicated gold and an additional 51 thousand ounces of inferred as reported in the Initial Assessment Technical Report filed February 18, 2026
     
  Continued the 2025-2026 Exploration Drill Program focused on expanding the high-grade silver systems at Brimstone and Vortex, completing more than 9,000 meters of drilling under the program to date with exceptional drill results
     
  Extended high-grade mineralization at Vortex west with opportunity north and south and down dip, with highest grades yet for both silver and gold
     
  Extended high-grade mineralization at Brimstone approximately 150 meters down-dip
     
  Added to the VanEck Junior Gold Miners ETF (GDXJ) on March 20, 2026, and promoted from the MSCI Micro-Cap Index to the MSCI Small Cap Index both effective February 27, 2026

 

Diane R. Garrett, President and Chief Executive Officer, commented: The 2026 first quarter marked significant progress for the Company, highlighted by continued strong safety performance, a robust balance sheet with $189 million in cash and no debt, and a 55% increase in measured and indicated gold and silver resources. Exceptional drill results at Vortex and Brimstone continue to demonstrate the scale and high-grade nature of our discovery, while our inclusion in the GDXJ ETF and promotion to the MSCI Small Cap Index reflect the growing recognition of the Company’s achievements and long-term potential.”

 

 

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In 2026, the Company plans to:

 

  Add two core drill rigs (four core rigs total) and accelerate exploration drilling to expand the two high-grade silver systems
  Initiate step out drilling to test new potential high-grade exploration targets identified within the permitted boundary
  Complete and publish Preliminary Economic Assessment (PEA) for milling sulfide ore and recovering gold and silver through pressure oxidation process
  Complete trade-off analysis for pressure oxidation and a roasting process
  Complete in-fill reverse circulation drilling and metallurgical test work for potential re-start of a heap leach operation
  Advance activities for future development

 

The Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2026, was filed April 28, 2026, and is available at www.sec.gov/edgar. See “Cautionary Note Regarding Forward-Looking Statements” below.

 

About Hycroft Mining Holding Corporation

 

Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing the Hycroft Mine, among the world’s largest precious metals deposits, located in northern Nevada, a Tier-1 mining jurisdiction. In 2023, Hycroft announced the discovery of two new high-grade silver systems within the known resource area and the Company is engaged in a robust exploration drill program (2025-2026 drill program) designed to expand these two systems in addition to targeting new opportunities. These discoveries represent a significant value driver for the Hycroft Mine. In addition, after a long history of oxide heap leach operations, the Company is focused on completing technical studies to transition the Hycroft Mine into a milling operation for processing the sulfide mineralization.

 

For further information, please contact:

 

E: info@hycroftmining.com

Investor Relations Phone: 775-245-0564

www.hycroftmining.com

 

 

 

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Cautionary Note Regarding Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release and in public statements by our officers or representatives that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. These include, but are not limited to, statements regarding future business strategy, plans and goals, competitive strengths, the advancement and development of the Hycroft Mine, the results and implications of metallurgical analysis and test work, and the expansion and growth of our business.

 

Forward-looking statements are often identified by future or conditional words such as “estimate,” “plan,” “anticipate,” “expect,” “intend,” “believe,” “target,” “budget,” “may,” “can,” “will,” “would,” “could,” “should,” “seeks,” “scheduled to” and similar words or expressions but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. The risks include, but are not limited to: (i) risks related to changes in our operations at the Hycroft Mine, including risks associated with the cessation of mining operations at the Hycroft Mine; uncertainties concerning estimates of mineral resources; risks related to the lack of a completed feasibility study; risks related to metallurgical test work and process development; and risks related to our ability to re-establish commercially feasible mining and processing operations; and (ii) industry-related risks, including fluctuations in the price of gold and silver; the commercial success of, and risks related to, our exploration and development activities; uncertainties and risks related to our reliance on contractors and consultants; and the availability and cost of equipment, supplies, energy or reagents.

 

Any exploration target described in this press release does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. Ranges of potential tonnage and grade (or quality) of an exploration target are conceptual in nature; there has been insufficient exploration of the relevant property or properties to estimate a mineral resource; and it is uncertain if further exploration will result in the estimation of a mineral resource.

 

These and other risks may cause actual results to differ materially from those expressed or implied by the forward-looking statements, and the occurrence of one or more of these events or circumstances, alone or in combination with others, may have a material adverse effect on our business, cash flows, financial condition and results of operations. Please see the “Risk Factors” outlined in our Annual Report on Form 10-K for the year ended December 31, 2025, and in other reports filed with the SEC, for more information about these and other risks.

 

Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements are based on assumptions that we believe are reasonable when made, forward-looking statements are not guarantees of future performance and actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements in this press release.

 

Any forward-looking statements made in this press release speak only as of the date of this press release. We undertake no obligation to update these forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments, except as required by law.

 

 

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Exhibit 99.2

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 

FAQ

What did Hycroft Mining (HYMC) highlight in its Q1 2026 update?

Hycroft Mining reported Q1 2026 results emphasizing safety, liquidity and resource growth. The company maintained an injury-free record, held US$189.0 million in cash with no debt, and reported a 55% increase in measured and indicated gold and silver resources at the Hycroft Mine.

How strong is Hycroft Mining’s balance sheet according to the Q1 2026 disclosure?

Hycroft Mining reported a strong balance sheet with US$189.0 million in cash and cash equivalents and no debt. This liquidity supports its 2025–2026 exploration drill program and planned technical studies without referencing any need for additional financing in this disclosure.

How much did Hycroft Mining’s gold and silver resources increase in Q1 2026?

Hycroft Mining stated that measured and indicated gold and silver mineral resources increased by approximately 55%. The company now reports 16.4 million ounces of gold and 562.6 million ounces of silver in measured and indicated categories, plus additional inferred ounces as detailed in its technical report.

What new high-grade silver resource did Hycroft Mining report?

Hycroft Mining established an initial high-grade silver resource with underground potential of 90.2 million ounces of measured and indicated silver and an additional 13.4 million ounces inferred, along with 299 thousand ounces of measured and indicated gold and 51 thousand ounces inferred, all from its Initial Assessment Technical Report.

What are Hycroft Mining’s key plans for 2026 at the Hycroft Mine?

For 2026, Hycroft plans to add core drill rigs, accelerate exploration drilling, and initiate step-out drilling for new high-grade targets. It also aims to complete a Preliminary Economic Assessment for sulfide milling, evaluate pressure oxidation versus roasting, assess a potential heap leach restart, and advance development activities.

How is Hycroft Mining progressing its Brimstone and Vortex targets?

Hycroft Mining continued its 2025–2026 Exploration Drill Program, completing more than 9,000 meters of drilling. The company reports exceptional drill results, extending high-grade mineralization at Vortex west, north, south and down dip, and extending high-grade mineralization at Brimstone approximately 150 meters down-dip.

How did index inclusion change for Hycroft Mining in early 2026?

Hycroft Mining was added to the VanEck Junior Gold Miners ETF (GDXJ) on March 20, 2026. It was also promoted from the MSCI Micro-Cap Index to the MSCI Small Cap Index, with the index change effective February 27, 2026, reflecting greater market recognition.

Filing Exhibits & Attachments

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