Hycroft reports $57M cash, prepays $38M debt, advances high-grade silver exploration

HYCROFT MINING HOLDING CORP

Ended Q1 with $57M unrestricted cash; voluntarily prepaid $38M of Sprott senior secured debt, leaving $15M first lien.
Sold 517,688 shares via ATM for $1.2M gross proceeds; added to Solactive Global Silver Miners Index effective May 1.
2024 drill program started Feb 2024; targeting ~5,200m core drilling to define two new high-grade silver trends.
Evaluating roasting vs pressure oxidation; roasting could yield sulfuric acid by-product revenue and green electricity.
High-grade silver discovery may enable lower-capital underground starter mine; updates on timing and technical report pending.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HYCROFT MINING HOLDING CORP reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 7, 2024, Hycroft Mining Holding Corporation (the “Company”) issued a press release providing information about its operating and financial results for the quarter ended March 31, 2024.

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HYCROFT MINING HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001493152-24-018029

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