other material
confidence high
sentiment positive
materiality 0.70
Hycroft reports high-grade Ag/Au drill results at Vortex; cash $56M at Sept 30
HYCROFT MINING HOLDING CORP
- Drilling extends Vortex mineralization ~100m west; hole H24D-6007 intercepted 1.5m of 960 g/t Ag & 4.78 g/t Au.
- Hole H24D-6001 returned 124.4m of 102.59 g/t Ag & 0.95 g/t Au, including 0.3m of 4,170 g/t Ag.
- Hole H24D-6002 returned 100.92m of 100.65 g/t Ag & 0.38 g/t Au, with 0.5m of 3,310 g/t Ag & 5.90 g/t Au.
- Unrestricted cash $56M at Sept 30, 2024; company confirms compliance with debt covenants.
- Vortex remains open in all directions and at depth; follow-up drilling planned for 2024.