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Hycroft Expands Vortex - Encounters Significant Silver and Gold
Prnewswire· 2024-10-03 12:00
Core Insights - Hycroft Mining Holding Corporation has announced significant drill results from its 2024 exploration program at the Hycroft Mine in Nevada, indicating extended mineralization and high-grade silver and gold intercepts [1][2][10] Drilling Results - The Vortex mineralization has been extended approximately 100 meters to the west and south, with notable gold intercepts including 1.5 meters of 4.78 g/t Au within the silver-dominant trend [2][5] - Significant drill highlights include: - Hole H24D-6001: 124.4 meters of 102.59 g/t Ag and 0.95 g/t Au, with intervals showing exceptionally high grades such as 4,170 g/t Ag over 0.3 meters [3][4] - Hole H24D-6002: 100.92 meters of 100.65 g/t Ag and 0.38 g/t Au, including 20.4 meters of 357.01 g/t Ag and 0.83 g/t Au [3][6] - Hole H24D-6005: 222.4 meters of 32.38 g/t Ag and 0.45 g/t Au, with notable intervals of 1,155.27 g/t Ag over 1.7 meters [3][7] Exploration Strategy - The 2024 exploration drill program aims to improve continuity within high-grade silver trends and extend mineralization along strike and depth, with a total of 8,500 meters of core drilling planned [10] - The program is designed to identify opportunities for mining higher-grade ore early in the mine plan, enhancing the project's economics [10][11] Financial Position - The company reported an unrestricted cash balance of $56 million as of September 30, 2024, indicating compliance with its debt covenants [8] Future Outlook - The company is focused on delivering exceptional value to shareholders and has plans for further updates in 2024 and 2025, emphasizing the importance of ongoing exploration and technical studies [9][11]
Hycroft Mining (HYMC) - 2024 Q2 - Quarterly Results
2024-08-06 17:30
Financial Results - Hycroft Mining Holding Corporation reported its operating and financial results for the period ended June 30, 2024[4]. - The company issued a press release on August 6, 2024, detailing its performance metrics[4]. - Specific financial figures and performance indicators were not disclosed in the provided content[4]. - The report includes an exhibit (99.1) that contains the press release with detailed financial results[4]. Regulatory Information - The report is not deemed "filed" under the Securities Exchange Act of 1934, indicating it is for informational purposes only[4]. - The company has not indicated whether it is an emerging growth company in the provided content[3]. Company Information - The company is registered under the ticker symbol HYMC on the Nasdaq Stock Market[2]. - The report was signed by Rebecca A. Jennings, Senior Vice President and General Counsel, on behalf of the company[6]. Future Outlook and Developments - No specific user data or future outlook was mentioned in the available documents[4]. - There are no details on new products, technologies, market expansion, or mergers and acquisitions in the provided content[4].
Hycroft Announces Second Quarter 2024 Results
Prnewswire· 2024-08-06 13:00
Core Insights - Hycroft Mining Holding Corporation reported strong operational performance with a focus on safety and operational excellence, achieving zero lost time accidents and a total recordable injury frequency rate of 0.00 for the eighth consecutive quarter [2][3] - The company is advancing metallurgical test and design work for a sulfide milling operation while expanding its exploration efforts to identify high-grade silver and gold opportunities adjacent to known resources [2][6] - Financially, Hycroft ended the quarter with $58.5 million in unrestricted cash and total debt of $119.3 million, indicating a solid balance sheet position [3] Corporate Highlights - The company operated without any lost time incidents during the second quarter of 2024, maintaining over one million work hours without a lost time incident [3] - Hycroft accessed its at-the-market offering program, selling 2.5 million shares for gross proceeds of $9.2 million [4] - The company continues to uphold high standards in environmental compliance, workforce health, and community engagement as part of its ESG initiatives [5] Operational Highlights - The 2024 Drill program was expanded to approximately 6,200 meters of core drilling, with about 4,000 meters completed by June 30, 2024, targeting high-grade silver trends [6] - Induced Polarity geophysical surveys were completed, with results expected in the third quarter of 2024, aiding in understanding structural controls of mineralization [6] - Ongoing test work for designing a sulfide milling operation includes evaluating potential byproduct revenues and co-generating "green" electricity [7] Technical Update - The company is focused on developing process plant flowsheets, equipment selection, and plant layout for the sulfide milling operation [7] - Continued exploration efforts are aimed at unlocking the full potential of the expansive land package, with less than 10% explored to date [8]
Hycroft Mining (HYMC) - 2024 Q2 - Quarterly Report
2024-08-05 21:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) Delaware 82-2657796 (State or other jur ...
Hycroft Mining (HYMC) - 2024 Q1 - Quarterly Results
2024-05-07 12:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 P.O. Box 3030, Winnemucca, Nevada 89446 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 reported): May 7, 2024 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 Number) Check the appropriate ...
Hycroft Mining (HYMC) - 2024 Q1 - Quarterly Report
2024-05-06 22:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...
Hycroft To Be Added To the Solactive Global Silver Miners Total Returns Index
Prnewswire· 2024-04-25 14:00
WINNEMUCCA, Nev., April 25, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") is pleased to announce that Hycroft will be added to the Solactive Global Silver Miners Total Returns Index (the "Silver Index"), effective May 1, 2024. Diane R. Garrett, President and CEO of Hycroft, commented: "We are incredibly pleased with Hycroft's inclusion on the Solactive Global Silver Miners Total Returns Index as it is an important achievement and comes at a time of stron ...
Hycroft Mining (HYMC) - 2023 Q4 - Annual Results
2024-03-14 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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 reported): March 14, 2024 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 Number) 4300 Water Canyon Road, Unit 1, Winnemucca, Nevada 89445 (A ...
Hycroft Mining (HYMC) - 2023 Q4 - Annual Report
2024-03-14 00:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...
Hycroft Mining (HYMC) - 2023 Q3 - Quarterly Report
2023-10-31 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...