earnings
confidence high
sentiment positive
materiality 0.65
Hycroft reports year-end 2023: high-grade silver discoveries, safety milestones
HYCROFT MINING HOLDING CORP
- New high-grade silver discovery at Brimstone: best hole returned 85.3m of 534.29 g/t Ag (H23R-5753).
- Two high-grade silver trends delineated with veins averaging >137 g/t Ag, including >2000 g/t Ag.
- Flotation recoveries improved to 89% for gold and 93% for silver, up from 80% in 2023 TRS.
- Ended 2023 with $106M unrestricted cash; on Jan 5, 2024, prepaid $38M debt, leaving ~$66M cash.
- Achieved two consecutive years with Total Recordable Injury Frequency Rate of 0.00.