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HYMC Gold/Silver Monster You Have Never Heard Of - Stock Picks Junior Miners
Euro and Dollar same value! Gold at 1700 now and Silver 19
Are you telling me Alchemy is not real? Others on this board seem to think it is with respect to Hycroft. I'm just playing along. IYKYK, amiright?
The chart shows this going higher this week -
Thanks for the update Brother.You are the only reson for me to come here to this board after almoust ten years of waiting in and out for something to come back for the Old and Cold ANVGq Shareholders akka Warrant Holders post BK Chpt 11.Lets make it as it should this time kick their behinds and hey Brian you are in our Prayers Brother.
Site currently employing the 500 ton Ultra-ultra class trucks jointly developed between CAT and Komatsu. They can be double side loaded by the largest electric shovels currently in operation, 4 of which operate currently at Hycroft. The Zooms says there are over 1500 people employed there currently working around the clock employing the latest Alchemy technology to extract gold, silver, lithium from sulfide host rock. This is all my opinion of how things are currently functioning at Hycroft based on their public reports and a bunch of photos of stuff already posted on this site and Hycroft's web page.
You don't hear anything about that anymore.
Hycroft Mining HYMC Gold Silver Monster You Have Never Heard Of - Stock Picks Junior Miners
NEVDF is their stock symbol i own some of their shares, Randy Buffington HYMC old CEO is in charge there now.
Nevada Copper is about 120 miles south west of the Hycroft site so there's likely large quantities of copper present as well. The central part of the state was rich in Uranium so it's almost guaranteed to be present in substantial quantities. I see Hycroft fueling the next resurgence in nuclear energy. I wouldn't be surprised if at least 40% of the elements on the Periodic Table are present at Hycroft and readily extractable given its location. They are all amenable to heap leaching on the new leach pads. The MC plants are likely to recover everything as well. All thanks to Diane and the expert team at Hycroft.
Today is the last chance to get shares for cheap. EBS soon to be activated. Shorts are screwed with 48mn shares sold short. They think that they have 6.1 days to cover and have no idea to what's really going on.
10 days of media darkness is coming and all shorts will get margin calls before short selling banks and Hedge Funds go BK and out of business, for good.
This will go strait up with all manipulation destroyed.
LoL The process is almost identical. SMH
Heap leach breakthrough in lithium-boron extraction at Rhyolite Ridge project in the US
Australian-based lithium/boron developer Global Geoscience Ltd (GSC) reports that extensive acid-leach test work at its 100%-owned Rhyolite Ridge lithium-boron project in Nevada, has shown that lithium and boron can be readily extracted by simple heap leach processing with high recoveries.
Old news! We've been saying this all along. LoL SMH
Plus you get the all gold one in October.
Things are going well at Hycroft. Deep dives into Lithium, Rhodium, and all rare earth metals occurring. They hired a VP exploration with underground experience to start exploratory drifts to develop lithium, gold, and silver. Good times ahead!
https://www.nnbw.com/news/2021/nov/17/hycroft-mine-lays-half-its-workforce-ceases-operat/
Did you see the 2 new NFT's AMC announced today celebrating their investment in HYMC?
Did you see that the new VP Exploration worked on underground projects prior to joining Hycroft?
And investor connect shareholders of AMC be getting NFT's dropped in their wax.io wallets today.
Thank You! With all infrastructure in place and upgraded, the returns on investment are through the roof with a highly skilled workforce currently processing gold and silver. I'm hearing something about Rhodium too but just a rumor for now.
That was then before CEO Diane Garrett, who immediately went to work.
DENVER, March 24, 2021 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or the “Company”), a gold and silver producer operating the Hycroft Mine in the prolific mining region of Northern Nevada, today reported its operating and financial results for the year ended December 31, 2020.
Key Highlights – see more details below
New executive management team and new technical leadership team at Hycroft.
2020 production of 27,392 ounces of gold and 178,836 ounces of silver, an almost three-fold increase over 2019.
50% reduction in total reportable incident frequency rate (“TRIFR”) for the trailing twelve months.
Quarter-over-quarter increase in tons mined.
Hycroft operated at a pre-commercial scale using the novel oxidization and leaching process. The associated low gold equivalent production and sales volumes and high relative operating costs resulted in a 2020 net loss and net operating cash outflows from operating activities.
Planned 2021 run-of-mine production of 45,000 to 55,000 ounces of gold and 400,000 to 450,000 ounces of silver using conventional cyanide heap leach.
Diane R. Garrett, President & Chief Executive Officer, said, “2020 was an important year for Hycroft as the Company continued to focus on the restart of the Hycroft Mine. Throughout the year, we advanced work on the proprietary two-stage sulfide heap oxidation and leach process and made several important findings that will need to be addressed prior to our implementing the novel technology on a commercial scale. In 2021 we expect to mine predominantly oxide and transition material, which are more economic when treated using a conventional run-of-mine heap leaching method, which gives us the opportunity to continue to refine the operating parameters and flow sheet for the new heap leach pad and novel process. While the Company continued to make significant progress in better understanding this proprietary process and its application on a commercial scale, the past year also presented some operational challenges, including learning to navigate in a newly emerged COVID-19 world.
More importantly, 2020 was a year of change as a new senior executive team was brought in starting in early September and promptly established a new highly qualified technical leadership team at the mine possessing a broad range of experience and skills for implementing complex processing technologies. The new leadership team launched into an extensive and detailed review of the Hycroft Mine and took immediate steps to rectify operational shortcomings, significantly cut costs, and formed an operating team aligned with the Company’s long-term strategy to establish the Hycroft Mine as a long-life, low-cost gold and silver producer. To date, the team has made significant strides at Hycroft through elevating the safety performance, improving the culture at Hycroft, establishing operational improvements, reducing spend, and identifying several areas for continued enhancement. The 2020 actions were quickly implemented and, in the fourth quarter alone, we saw significant improvement in costs as we reassigned our workforce to reduce our reliance on contractors as well as improved safety performance with a more than 50% reduction in the TRIFR. Incident and near miss reporting increased as expected as the team initiated numerous campaigns to recognize, report, and eliminate hazards. We expect in 2021 to continue to see additional benefits from these 2020 actions.”
These last few months Hycroft has worked alongside its industry leading consultants to identify and investigate opportunities for improvements in operating parameters for the two-stage sulfide heap oxidization and leach process. The result of the work to date has identified several items that were not considered or included in the original plan and design but are critical to the success of this process. These findings included:
(1)
adding a forced air injection system for the leach pad which is a key component of the oxidation process;
(2)
developing a system for segregating solution flows to and from the heap leach pad to avoid co-mingling of solutions among heap lifts and ore processing stages that negatively impact recoveries and conditions on the leach pads;
(3)
identifying that the finer crushed material requires agglomeration in order to achieve optimal permeability and gold/silver recoveries;
(4)
understanding that higher soda ash, caustic soda, and cyanide consumption will be required which Hycroft experienced throughout the 2020 pre-commercial test pad programs and recently confirmed through the review of the test work;
(5)
determining that some transitional ores are more economically attractive when processed as direct leach, run-of-mine material; and
(6)
concluding that additional variability metallurgical and mineralogy studies will be required to better understand each of the geometallurgical domains in the ore body. While there was some variability work completed in the past, the recent test work has revealed that additional variability test work and compositing is necessary to fully understand the geometallurgy of each domain, and that additional sampling, including sampling below the water table where the predominance of the sulfide resources exist, is required given the complexity and variability of the large ore body.
The additional variability test work will also include detailed minerology studies as it is important to understand the role other minerals may play in the overall oxidation process and to enhance Hycroft’s ability to measure oxidation rates accurately and consistently. The new team at Hycroft has developed an approximate $10 million program for drilling and additional metallurgical and mineralogical studies in 2021. This program of work has been approved by the Board of Directors of Hycroft and can be funded from existing cash and Hycroft’s current operating plans.
The Company’s 2021 plan is designed to enhance its understanding of gold and silver recoveries across the ore body as it sets the stage for the future ramp-up to full-scale mining and production at Hycroft. The 2021 mine plan was constructed to maximize cash flows by optimizing a conventional run-of-mine cyanide heap leaching operation to treat oxide and transitional ore using its existing leach pads while also efficiently sequencing pit development that positions the Company to access sulfide ore. This plan reflects an increase in gold and silver production and sales, funds the initiatives needed for better understanding the novel two-stage sulfide heap oxidation and leach process and provides the new team time to complete several important activities to ensure Hycroft is positioned for long-term, successful execution, while managing its cash and working capital to comply with its debt covenants.
Diane Garrett added, “2021 is a foundational year designed to advance the work necessary in preparation for larger scale sulfide operations. The team is working diligently to optimize current and future heap leach mine plans and to evaluate all opportunities for more profitable mine plans in the near and medium term. This work involves taking a “ground-up” approach working from the orebody out. The Company’s prior plan was developed using a $1,200 per ounce gold price pit shell which leaves profitable ore behind in the current gold and silver price environment. By running pit shells at recent gold and silver prices we have identified additional areas of oxide mineralization that can generate cash flows over the next several years and we have already begun to identify areas of higher-grade mineralization that will become important for mine sequencing and further improving cash flows prior to accessing sulfide material.”
As the Company considers life-of-mine development and planning for the Hycroft deposit, particularly in the current gold and silver price environment, Hycroft believes it is prudent to evaluate proven processing technologies for treating some ore types that may be more profitable than only utilizing the two-stage sulfide heap oxidation and leaching process. Gold and silver projects throughout Nevada can host a variety of ore types, much like Hycroft, as evidenced by many projects in Nevada that have multi-process operations in order to deliver the most economic return for each ore type. Potential opportunities being examined by the Company in 2021 include: (i) developing an understanding of the grade range distribution of the sulfide material; (ii) completing on-going work on the higher-grade areas of Hycroft; and (iii) following up on historical high-grade intercepts. In order to capitalize on these potential opportunities, which take advantage of the current commodity price environment, Hycroft believes that it should also evaluate the benefits of a multi-process operation. Long-term operating scenarios may include conventional run-of-mine cyanide heap leaching for the oxide and transitional material, sulfide heap oxidation and leaching using the novel process, and an appropriately sized milling and flotation plant for processing the higher-grade ranges of sulfide material. The Company believes that the plan it has put in place for 2021 will provide the new team the time to fully consider and evaluate these opportunities and make any necessary changes to improve the leach pads, process plants and process flowsheet, maintain and develop its workforce, and advance the project, in order to further enhance the value of the project. As the test work advances and alternative processes are considered, the Company expects to perform technical studies and trade-off evaluations which may result in an updated feasibility study.
Hycroft management continues to believe that the fundamentals for the Company remain solid. Hycroft is a world class gold deposit and ranks among the top 20 global primary gold mines and the second largest in the United States. Key features of the operation include a long production mine life located in an established and respected mining jurisdiction with substantial infrastructure and access to a skilled workforce, permitted current operations, and significant exploration potential within Hycroft’s approximate 71,000-acre land position.
“When I joined Hycroft in September 2020, I was excited for the opportunity to work on this incredible asset and build the right team to unlock the full value potential of the Hycroft Mine. In our search for new technical leadership, I was pleased with the overwhelmingly positive response we received from highly qualified candidates. In my opinion, we have attracted some of the best and brightest professionals in the industry who possess the critical skillsets and experience needed for the successful development and operation of Hycroft. Our team is excited to work on such a unique, large mineral endowment. Through our work to date and the identification of opportunities that we believe were not a focus during the development of the heap oxidation and leach process, we are even more excited about the potential of this project and what its future holds. By letting the orebody drive the mine plans, processes and economic value as opposed to the process driving the mine plans, we believe there is an opportunity to unlock additional value. While we still have a lot of work ahead of us to truly realize the value of this mine, I am excited for 2021 and the future of this emerging world class operation,” added Diane Garrett.
2020 Highlights
Following the acquisition of the Hycroft Mining Corporation business by Mudrick Capital Acquisition Corporation on May 29, 2020, the newly formed Hycroft Mining Holding Corporation became a publicly traded company listed on the NASDAQ Capital Market under the symbol HYMC.
Gold and silver production in 2020 nearly tripled compared with 2019 to 27,392 ounces of gold and 178,836 ounces of silver, resulting from a full year of production in 2020 compared with an approximate half year of operations in 2019. The Company sold 24,892 ounces of gold (realized average price of $1,779 per ounce) and 136,238 ounces of silver (realized average price of $20.30 per ounce).
New highly experienced management team in place led by Diane Garrett, President & CEO (former Romarco Minerals Inc. (“Romarco”)), Stan Rideout, Executive Vice President & CFO (former Romarco, Phelps Dodge Corporation (“Phelps Dodge“)) and Jack Henris, Executive Vice President and COO (former Stantec Consulting, Goldcorp Inc., Newmont Mining Corporation (“Newmont”) and Barrick Gold Corporation (“Barrick”)).
Realigned organizational structure and recruited several key individuals in the last three months of 2020 to bolster the technical, financial, and operational teams. New on-site technical team in place, including:
– Mike Eiselein, VP and General Manager (former Newmont, Barrick);
– James Berry, VP Exploration and Geology (former Romarco, Barrick);
– Kenji Umeno, Process Manager (former Kinross Gold Corp., Fluor, Freeport-McMoRan Inc. (“Freeport“));
– Jeff Griffin, Sr. Metallurgist (former Phelps Dodge, Freeport);
– Santiago Garcia, Chief Metallurgist (former Agnico Eagle Mines Ltd., Newmont); and
– Mine Manager, Safety Manager, HR Manager, Controller and Project Manager.
Established an independent technical team comprised of Hycroft personnel and industry-leading consultants including John O. Marsden (Metallurgium), Hazen Research Inc. and Forte Dynamics, Inc. with expertise in metallurgy, mine plan optimization, and heap stacking designs to assist with development of mining and process plans and alternatives.
In the fourth quarter of 2020 Hycroft redoubled its focus on safety by allocating additional personnel, resources, workforce time, and communications to mine safety, which contributed to an approximate 50% reduction in the TRIFR for the trailing twelve months to approximately 2.3 as of December 31, 2020, compared with approximately 5.05 for January 2020. In 2021, the Company will continue to focus on improving the safety program including a participatory, employee-based safety culture.
The Company improved its financial position through an upsized public offering for 9,583,334 units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a price of $10.50 per share. The public offering closed on October 6, 2020, providing the Company with net proceeds of approximately $83.1 million.
2021 Outlook & Development Activities
Production – Hycroft expects to produce 45,000 to 55,000 ounces of gold and 400,000 to 450,000 ounces of silver in 2021.
Capital and project spending – Capital and project spending in 2021 is expected to be between $14 – $18 million, primarily for variability drilling, material characterization and metallurgical testing, and on-going analyses ($9 – $11 million), construction of, and long-lead items for, the new leach pad that were in process prior to deferring completion to the future when it is needed ($4 – $5 million) and other capital and projects ($1 – $2 million).
Pre-commercial leach pads – Hycroft expects to mine and stockpile at least 300,000 tons of sulfide ore in 2021 that, once sufficient additional work on the novel process has been completed, will be available for testing to further refine operating parameters and measure its performance for large scale application of the oxidation heap leach.
Leach pad expansion – The Company developed a stacking plan for the 2021 run-of-mine plan that utilizes existing leach pads, preserves the new leach pad for sulfide ores, and facilitates deferring the capital expenditures to complete and commission the new leach pad into 2022. During the upcoming year, in conjunction with the technical team, Hycroft plans to engage with engineering firms to assess value engineering opportunities and evaluate potential design changes to the current leach pad plans to better support the sulfide oxidation process.
Technical analyses – The technical work programs taking place in 2021 may provide information for evaluating enhancements, updates, and opportunities for the novel process, while also considering processing technologies for certain ores that may generate enhanced value.
Mine planning and exploration – The mining team was expanded to include a professional with expertise in geologic modeling and a track record for establishing successful exploration and geology programs. The mining team, together with Forte and the exploration team, are working to identify additional opportunities to explore areas with higher grade potential and identify mine plan enhancements for improved cash flows.
Constraints to growth – The Hycroft Mine’s future ramp up is dependent on eliminating current mining and processing constraints. As it relates to mining, when Hycroft is ready to ramp up production it will need to acquire a mining fleet capable of achieving targeted production, and recruit and train operators and maintenance staff. For processing, Hycroft will need to: (i) complete planned repairs to the Brimstone Merrill-Crowe plant and refinery; (ii) restore and recommission the North Merrill-Crowe plant, and complete detailed engineering, permitting, and installation for the adjacent refinery; (iii) ensure it has sufficient reagent availability and storage, handling, and application systems; and (iv) evaluate other supporting process plant and equipment required for future growth, namely material handling systems and crusher capacity.
You can't leach lithium. Different process.
Would be neat if they started heap leaching lithium there. They are smack dab in the area where the yellowstone hotspot was 16 million years ago. Hycroft are right between San Emidio desert and mcdermitt caldera in the same endorheic pleistocene lakebed as those two. You see the same alluvial fans on the Hycroft property as you do for many of the clayton valley projects near the calderas there.
We honor our 728,00 existing members of AMC Investor Connect and new members joining by 9/30/22. You can claim (in October) a free golden NFT from us, and we’ll pay your WAX NFT wallet fees for a year. Celebrating our Hycroft Mining investment: “There is Gold in Them Thar Hills.” https://t.co/sRTienmaCo
And something extra special, exclusively for AMC Investor Connect members who earlier this year claimed their free “I Own AMC” NFT. A slick “Black Version” (with red & gold accents). In your WAX account later today, for you to enjoy now. Plus you get the all gold one in October. https://t.co/i8OyyCoVrA
Nice post! Happy to report that it looks like Hycroft has a new VP of Exploration as of 2 days ago.
I hear he is well recommended and liked by his peers and that Hycroft will be lucky to have him.
I agree. AMC and Sprott know exactly what they're involved with and both were involved, way before their capital raise went through. Both are now board members or Directors.
Adam Aron
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FFN4voVcXIAI1wVX%3Fformat%3Djpg%26name%3Dlarge&f=1&nofb=1
Here is some insight on the upgrades and advancement since Apr. 2021. Much more since then.
Hycroft Mining continues evaluation of novel sulphide heap oxidation/leach process
Posted by Daniel Gleeson on 24th March 2021
After testing out a “novel” oxidation and leaching process at the Hycroft Mine in Nevada, USA, Hycroft Mining Holding Corp is making plans to go back to a conventional oxide leaching setup in 2021.
The company produced 27,392 oz of gold and 178,836 oz of silver in 2020, an almost three-fold increase over 2019. It hit these numbers while operating at a pre-commercial scale using the novel process, which oxidises sulphides ahead of leaching.
It is now planning for run-of-mine production of 45,000-55,000 oz of gold and 400,000-450,000 oz of silver in 2021 using conventional cyanide heap leach.
It is anticipated that mining in the first four months of 2021 will be performed using the existing Hycroft fleet and a rental fleet, moving approximately 1.5 Mt/mth of ore and waste. For the remainder of the year, Hycroft intends to mine some 500,000 t of oxide and transitional ore and waste per month with a more cost-effective mining fleet.
Diane R Garrett, President & Chief Executive Officer, reflected on the results: “2020 was an important year for Hycroft as the company continued to focus on the restart of the Hycroft Mine. Throughout the year, we advanced work on the proprietary two-stage sulphide heap oxidation and leach process and made several important findings that will need to be addressed prior to our implementing the novel technology on a commercial scale.
“In 2021, we expect to mine predominantly oxide and transition material, which are more economic when treated using a conventional run-of-mine heap leaching method, which gives us the opportunity to continue to refine the operating parameters and flowsheet for the new heap leach pad and novel process. While the company continued to make significant progress in better understanding this proprietary process and its application on a commercial scale, the past year also presented some operational challenges, including learning to navigate in a newly emerged COVID-19 world.”
In the last few months, Hycroft says it has worked alongside consultants to identify and investigate opportunities for improvements in operating parameters for the two-stage sulphide heap oxidisation and leach process. The result of the work to date has identified several items that were not considered or included in the original plan and design but are critical to the success of this process. These findings include:
Adding a forced air injection system for the leach pad which is a key component of the oxidation process;
Developing a system for segregating solution flows to and from the heap leach pad to avoid co-mingling of solutions among heap lifts and ore processing stages that negatively impact recoveries and conditions on the leach pads;
Identifying that the finer crushed material requires agglomeration in order to achieve optimal permeability and gold/silver recoveries;
Understanding that higher soda ash, caustic soda, and cyanide consumption will be required which Hycroft experienced throughout the 2020 pre-commercial test pad programs and recently confirmed through the review of the test work;
Determining that some transitional ores are more economically attractive when processed as direct leach, run-of-mine material; and
Concluding that additional variability metallurgical and mineralogy studies will be required to better understand each of the geometallurgical domains in the orebody. While there was some variability work completed in the past, the recent test work has revealed that additional variability test work and compositing is necessary to fully understand the geometallurgy of each domain, and that additional sampling, including sampling below the water table where the predominance of the sulphide resources exist, is required given the complexity and variability of the large orebody.
The additional variability test work will also include detailed mineralogy studies as it is important to understand the role other minerals may play in the overall oxidation process and to enhance Hycroft’s ability to measure oxidation rates accurately and consistently, it said.
The team at Hycroft has developed an approximate $10 million program for drilling and additional metallurgical and mineralogical studies in 2021. This program of work has been approved by the Board of Directors of Hycroft and can be funded from existing cash and Hycroft’s current operating plans.
Hycroft expects to mine and stockpile at least 300,000 tons (272,155 t) of sulphide ore in 2021 that, once sufficient additional work on the novel process has been completed, will be available for testing to further refine operating parameters and measure its performance for large scale application of the oxidation heap leach.
Garrett added: “2021 is a foundational year designed to advance the work necessary in preparation for larger-scale sulphide operations. The team is working diligently to optimise current and future heap leach mine plans and to evaluate all opportunities for more profitable mine plans in the near and medium term. This work involves taking a ‘ground up’ approach working from the orebody out. The company’s prior plan was developed using a $1,200/oz gold price pit shell which leaves profitable ore behind in the current gold and silver price environment. By running pit shells at recent gold and silver prices, we have identified additional areas of oxide mineralisation that can generate cash flows over the next several years and we have already begun to identify areas of higher-grade mineralisation that will become important for mine sequencing and further improving cash flows prior to accessing sulphide material.”
As the company considers life-of-mine development and planning for the Hycroft deposit, particularly in the current gold and silver price environment, Hycroft says it is prudent to evaluate proven processing technologies for treating some ore types that may be more profitable than only using the two-stage sulphide heap oxidation and leaching process.
Potential opportunities being examined by the company in 2021 include: developing an understanding of the grade range distribution of the sulphide material; completing on-going work on the higher-grade areas of Hycroft; and following up on historical high-grade intercepts.
In order to capitalise on these potential opportunities, which take advantage of the current commodity price environment, Hycroft believes that it should also evaluate the benefits of a multi-process operation. Long-term operating scenarios may include conventional run-of-mine cyanide heap leaching for the oxide and transitional material, sulphide heap oxidation and leaching using the novel process, and an appropriately sized milling and flotation plant for processing the higher-grade ranges of sulphide material.
“The company believes that the plan it has put in place for 2021 will provide the new team the time to fully consider and evaluate these opportunities and make any necessary changes to improve the leach pads, process plants and process flowsheet, maintain and develop its workforce, and advance the project, in order to further enhance the value of the project,” it said. “As the test work advances and alternative processes are considered, the company expects to perform technical studies and trade-off evaluations which may result in an updated feasibility study.”
https://im-mining.com/2021/03/24/hycroft-mining-continues-evaluation-novel-sulphide-heap-oxidation-leach-process/
IMHO at this point in time I'm thankful that we are NOT mining millions of oz. year and giving our silver away at these rock bottom manipulated prices... why?
Nearly a BILLION oz. silver on 2% land package...
34 year mine plan and 85% institutional ownership...
This ain’t no short term trade. But if you hold it for 5-10 years you should do pretty well. Especially loading at these prices. That’s why the short term daily bashing posts don’t bother me nor do the overly positive ones. I agree, Sprott wouid not set himself up for massive losses. Patience will pay off here.
Hold tight as Nesara about to be announced and the U.S. is back on the Gold standard along with 209 other allied countries.
The entire market has to crash, like big pharma, crypto and big tech, which already are. Then central banks world wide including the Federal Reserve Bank which is a London owned private bank and already bankrupt.
Wall Street will close for 10 days and a new Peoples Stock Market will take it's place.
Everything is about to change for the better including short selling becoming a thing of the past. Stocks and Retirement will be ok if you don't panic and get out as many will lose big if they do. The U.S. Military will take control.
Gold and Silver will scream to higher levels as they have been suppressed for decades by short selling Central Banks. All Central banks will dissolve unless they secure the bank with hard assets and why some have begun to buy and hoard Gold. This is just the tip of the iceberg for what is going down.
Gesara.news will give you additional info and the changing of the guard status. Stay safe and Good Luck. Pray
Hycroft will stay sub $1 until they show significant resource development via the drilling program.
10Q Report - https://fintel.io/doc/sec-hycroft-mining-holding-corp-1718405-10q-2022-may-04-19116-2476
2022 Outlook
Our current operating plan is to: (i) operate safely as we continue to process heap leach inventory until it is no longer economic; (ii) complete the metallurgical test work associated with the variability drilling program; (iii) conduct exploration activities and targeted exploration drilling; and (iv) continue to advance the Acid POX technical study to a pre-feasibility or feasibility level.
Three Months Ended March 31
2022 2021
Ore mined - sulfide stockpile (ktons) 0 419
Ore mined - crusher feed (ktons) 0 0
Ore mined - ROM (ktons) 0 2,466
Total ore mined (ktons) 0 2,885
Waste mined (ktons) 0 1,195
Total mined (ktons) $ 0 4,080
What can whe expected about that?
Second Quarter estimates are huge! Billionaire Precious Metals Investor Eric Sprott and AMC are invested for a reason. Huge returns on investment.
Nols, Is anyone pursuing or planning to purse a lawsuit??
It doesn't even matter about the strike price.
There is no sense rationalizing any concept that they make it right or change the strike price.
They did what they did so now it's time to take them to court for MONETARY DAMAGES not modifications to the strike price or even stock itself.
We had an opportunity to profit when the stock was 15$ because the strike price should have been significantly lower had they honored the antidilution/mechanical adjustments. They didn't honor the agreement so all the holders that had HYMCZ pre SPAC should be entitled to damages under tortious contract interference.
How did hymc not get de-listed when it was
under a buck.,, not long enough? May get
another chance.
Agreed. We will never see a strike price that comes close to making us whole.
It doesn't matter.
They didn't honor the contract and tortiously interfered with our ability to profit when it was 15$ then again failed to adjust the strike price last quarter after the AMC deal.
Its too late to try to right the wrong of maliciously adjusting the strike price to 44$ the damages of lost earnings potential have already affected us. They may try but don't be distracted.
They raised a bunch of cash and we have a bunch of damages. If the company or their insurance won't cover it Mudrick is on the hook because he sponsored the SPAC while playing both sides.
The only way for them to right the ship is pay up for lost opportunity. Not in stock in this piece of .... in cash.
I'm just curious, you said the shorts were nervous and unable to find shares to cover. With the consecutive decline of 18% last week and 17% the week before, seems like they are finding plenty of shares to cover their positions.
I do agree though that they are nervous. They're going to have a massive tax bill due next year from all of their capital gains.
So would I, but I doubt it would get that low even if they did the right thing
Hycroft is not milling sulfide commercially. Period end of story. Anyone telling you something different is spreading misinformation.
They are heap leaching whatever was left over from when they put sulfide on the leach pads to test the heap leaching of sulfide method. The tests showed it was uneconomical. No new ore is being placed on pads the next few quarters will be disasters.
They pivoted and are an "explorer". Basically looking for another story to sell stock to pay themselves back high interest rates they saddled the company with.
Depends on the strike price. If they adjusted the strike down to $0.50, I would convert at tomorrow's opening bell.
It's in the filings LoL, SMH
SMH, Diane Garrett will let us know how far they have come as the 8k explained every bit of that with the massive upgrades and new equipment and crushers.
Obviously. when the mine is operating 24/7, it's for a reason.
Billionaire investors are here for a reason. Eric Sprott wouldn't be here otherwise.
I have a question for HYMCZ holders. If the exercise price were priced correctly (and I don't know what that number should be, but I believe much less than the $40s) who would convert at these prices???
ROTFLMFAO!
No it didn't, Hycroft is still mining/processing today. 24/7 non-stop operation.
LoL, Shorts covered last week with the last decline of -18% and the week before with -17%. 3.8 mil left to cover. That's it
They know they better, otherwise, why cover. The writing is on the wall.
https://shortsqueeze.com/?symbol=hymc&submit=Short+Quote%E2%84%A2
Here we go with the shorts again, lol.
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Hycroft corporate office is located in 4300 Water Canyon Road, Unit 1, Winnemucca, Nevada, 89445, United States
https://www.zoominfo.com/pic/hycroft-mining-corporation/9474776
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