Hycroft Mining
Primary ticker: NASDAQ: HYMC
Stage of development: Exploration, Development
Primary minerals: Gold, Silver
Project to promote: Hycroft Mine (Nevada)
Project location: United States
Website: www.hycroftmining.com
Hycroft Mining owns the gold and silver Hycroft Mine in the prolific mining region of Nevada. The Hycroft Mine ranks amongst the top 20 largest gold and silver deposits in the world with a resource of over 10 million ounces of gold and nearly 400 million ounces of silver
Hycroft has a successful production history of oxide heap leaching and is now poised to transform into the next phase of development – milling the sulfide ore.
The Hycroft Mine is permitted for both heap leach and milling and has substantial infrastructure on site. The team at Hycroft has been seeking the higher-grade feeder systems and in November 2023, the Company drilled the best hole ever in the projects 30-year history resulting in two new high grade silver discoveries at depth.
Cash: USD$55.8M
Debt: USD$122.1M
Major Shareholders:
Retail – 65%
Institutional – 16%
AMC Entertainment – 10%
Eric Sprott – 7.5%
Insiders – 1.5%
Management – 1.5%
Financials
Management Profile
Diane Garrett – Dr. Garrett has over 25 years of senior executive management experience in the mining industry and an exceptional track record for developing projects, building companies and delivering shareholder value. At Romarco Minerals, she built and led the team that developed the multi-million ounce Haile Gold mine from discovery through to construction and grew the Company from $20 million market cap to $1.3 billion. She was formerly with US Global Investors as senior mining analyst and portfolio manager. Dr. Garrett holds a Ph.D. in Engineering and a Masters degree in Mineral Economics.
What is your rationale for taking part in 121 Mining Investment?
The goal is to broaden the shareholder base providing market support and highlight our world-class asset to the European investment community.
What recent news would you like to highlight to investors attending?
• Two new high grade silver discoveries
• Drilling ongoing
• Finalizing technical studies for next phase of operations
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Robust Exploration Program
6 Months:
Finalize Technical Studies for Development
12 Months:
Within 12 months, construction decision
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Our exposure to commodity price volatility
What do you think makes your company such a compelling investment?
One of North America’s largest gold and silver resources, fully permitted in a Tier 1 mining jurisdiction.
What are the top 3 key investor takeaways?
1. One of the world’s largest gold and silver deposits poised for development
2. New high-grade silver discovery
3. Robust cash position of $56M