other material
confidence high
sentiment positive
materiality 0.55
Hycroft reports Q3 safety milestone: zero injuries; cash at $153.4M
HYCROFT MINING HOLDING CORP
- Twelve-month trailing TRIFR at Oct 28, 2022 is ZERO; 59% improvement vs 2021 year-end rate of 0.64.
- Unrestricted cash and equivalents of $153.4M as of Sept 30, 2022; in compliance with debt covenants.
- Gold recoveries of 3,480 oz in Q3, silver 3,473 oz; residual leaching ended August, drain down continuing.
- Launched largest exploration program in nearly a decade: 41,000 ft RC + 2,300 ft core drilled by Sept 30.
- Variability test program results confirm grinding characteristics consistent with Feb 2022 Technical Report.