is...(Never argue with fools. They will drag you down to their level and beat you with experience.)
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Bull Shit, Stop Lying
News Out! Shareholder update!
Hycroft Announces Year End 2023 Operating and Financial Results
WINNEMUCCA, Nev., March 14, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") announces operating and financial results for three and 12 months ended December 31, 2023.
Diane R. Garrett, Hycroft President & CEO, commented: "The year culminated in a significant step-change for the Hycroft Mine, following two years of steady, meticulous work by the team. We always believed there was more to the Hycroft deposit than what was previously understood, and by taking a fresh look at the data and target development we have made the discovery of not one but two new high-grade silver trends within the known resource area. This is incredibly exciting for the future of Hycroft and we intend to accelerate drilling in 2024 to continue expanding on these discoveries."
Ms. Garrett continued: "We cannot wrap up the year without emphasizing the commitment of our team to ensuring the health and safety of everyone at site. Throughout the year Hycroft's stellar safety record was recognized through numerous industry accolades and we closed out the year having completed two full calendar years with a Total Recordable Injury Frequency Rate of zero. Additionally, we advanced the engineering studies for the next phase of operations and delivered robust metallurgical results demonstrating significant improvements in recoveries for both gold and silver. Overall, a strong year that added meaningful value to this world-class asset."
2023 YEAR-END HIGHLIGHTS
Operational Highlights
New high-grade silver discoveries: In late 2023, Hycroft announced the discovery of a new silver system at Brimstone as a result of reviewing historical data with a fresh perspective and completing necessary ground-based geologic work to identify what controls the mineralization at Hycroft. Drilling at depth intercepted the best hole ever drilled at Hycroft (H23R-5753 returning 85.3 meters of 534.29 g/t Ag – see news release dated November 16, 2023, for more details). In addition, as a result of further drilling, two new high-grade silver trends were delineated with well-defined, continuous high-grade veins averaging greater than 137 g/t, including areas of very high-grade (> 2000 g/t Ag) (see news release dated January 9, 2024, for details). These discoveries represent a significant new value driver for the Hycroft Mine that the Company is following up on with additional drilling in 2024.
Exploration: With a focus on enhancing project economics, approximately 11,000 meters of reverse circulation ("RC") drilling and 4,000 meters of core drilling were completed on targets within the known resource area as part of Phase 2 of the 2022-2023 exploration drill program (the "Drill Program"). An additional 2,000 meters of core drilling focused on high-priority exploration targets outside the known resource area, defined by the hyperspectral work completed in 2022. Final results are pending.
Technical Report: The "Hycroft Property Initial Assessment Technical Report Summary Humboldt and Pershing Counties, Nevada" was filed with an effective date of March 27, 2023 (the "2023 Hycroft TRS") in accordance with the U.S. Securities and Exchange Commission's Modernization of Property Disclosures for Mining Registrants as set forth in subpart 1300 of Regulation S-K. The 2023 Hycroft TRS is available on the Company's website at https://hycroftmining.com/hycroft-mine/mineral-resources/ and at www.sec.gov/edgar.
Metallurgical and Variability Test Work: The Company completed a substantial portion of the metallurgical and flotation variability test work necessary for designing a sulfide milling operation, establishing (i) a comprehensive understanding of how each geologic domain will perform during operations and (ii) the processing components and reagents required to optimize gold and silver recoveries. Metallurgical and flotation tests produced promising results, with confirmed average flotation recoveries increasing to 89% for gold and 93% for silver, up from 80% for both in the 2023 Hycroft TRS. These findings inform further process development and refining of crushing and grinding studies. Combined with data from the Drill Program, these results will guide mine plan design, mill circuit configuration, and ore haul truck specifications, among other engineering considerations, to enhance the value of the Hycroft Mine.
Corporate Highlights
Safety: During 2023, Hycroft reported no lost time accidents and in the second quarter of 2023 the mine achieved one million work hours without a Lost Time Incident. In addition, on December 31, 2023, Hycroft concluded two consecutive calendar years with a Total Reportable Injury Frequency Rate of 0.00.
Balance Sheet: The Company ended 2023 with $106 million of unrestricted cash, including $9 million received from a reduction in cash collateral associated with the project reclamation bond, and was in compliance with debt covenants. On January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt with Sprott Resource Lending, leaving an unrestricted cash balance of approximately $66 million at that time.
Equity Activities: Hycroft maintained compliance with Nasdaq Capital Market's minimum share price rules by effecting a 1-for-10 reverse stock split effective November 14, 2023, and reactivated the "at-the-market offering" program raising gross cash proceeds of $1.1 million before deductions of commissions, fees, and expenses.
(Previous year shown below...)
New Van, Car, Soft Bank, and Russia, Russia, Russia
Everyone was given fair warning with new ticker being imminent.
And here we are...
Shadow Bot Basher Boogeyman Hedge Funds, soon to be sucking sand. They are Insolvent with their brick and mortar banks falling apart.
NU Ride Inc. is a NU beginning for Lordstown Motors Corp. as we all know.
Did I say Soft Bank? Yes I did with Foxconn defeat. Äre you ready water daddy? Let her happen Captain!
Boogeyman Bashers are Terrified. Saving Grace knows what's coming.
Short Selling Boogeyman Banks and hedge funds are insolvent and going bust.
Medical Marijuana Inc going to hit new highs soon. Very soon!
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it will report fourth quarter and full year fiscal 2023 results after the market closes on Tuesday, March 26, 2024.
Contacts
GameStop Corp. Investor Relations
(817) 424-2001
ir@gamestop.com
This will pop soon enough! Bashers wouldn't be here otherwise.
They know it, we know it.
Will be going green for a while coming soon.
Short selling Boogeyman banks and hedge funds going under.
Get ready Peeps we're going to Rocket with the entire market as short selling Boogeyman Banks going Bust across the board.
Lordstown Motors Corp, RIDEQ, changed to NU Ride Inc, NRDE:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Gamestop Corporation Break Out! While Banks Closing worldwide.
Terrified Boogeyman Banks know, $1.2Billion invested, preparing for massive commercial operation.
A second Refinery is on site with everything in place. Hycroft Mining is transitioning to a massive commercial operation.
Hycroft is expected to have a workforce of over 500 when it's said a done. All infrastructure is prepared, in place and ready.
Hycroft Mine Expansion Winnemucca, Nevada
SMG provided conceptual, final mechanical and structural engineering and design of belt conveyors including transfer structures and chutes. A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
http://www.smgengr.com/material-handling-systems.html
A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
Massive belt conveyors including transfer structures and chutes.
CEO Diane Garrett said; We have a tremendous amount of infrastructure already on site at Hycroft Mining Holding Corporation – infrastructure that, if planned and purchased today, would exceed well over a billion dollars. That advantage means we’re ahead of the curve of a typical developer.
https://www.linkedin.com/company/hycroftmining
SMG massive conveyor system.
http://www.smgengr.com/material-handling-systems.html
Hycroft Mining: Infrastructure and Equipment Owned by Hycroft
Right on, Every shorted stock is going UP! All at the same time. This will be the crash of a lifetime for the manipulating Hedge Funds.
They are about to be buried for good.
Yup, Boogeyman Banks are terrified and insolvent.
Super Squeeze is Coming!
Shorts are Terrified as we can barely tell. LoL
Get ready Peeps we're going to Rocket with the entire market as short selling Boogeyman Banks going Bust across the board.
ALL stocks about to go Strait Up! Boogeyman Central Banks are insolvent.
Strong Hold Everything except bank stocks.
This Bank and Real Estate crash will make the past crashes look like a walk in the park.
Bashers are nearly out of a job.
GME Gamestop Corporation short squeeze imminent.
It was made public. Take it or leave it. I really don't care.
ConCaves bribing the workforce with $3,000 to take the clot shot was and is known by everybody.
Now he is about to face the consequences for his stupid dumb mistakes.
When ConCaves became a Doctor with the greatest scam that has ever swept Earth and began supporting the enemy during war time, with company money, I left quickly.
Shareholders are likely to suffer big time from his Horse Shit.
Welcome Back!
LMC expected name change to "Nu Ride Inc" From the filing!
https://investor.lordstownmotors.com/static-files/d958df54-eba1-45fd-8aad-8f0546031769
Hycroft Mining activities 2022 Corporate Highlights:
They know AMC's subsidiary's Documentaries creates massive exposure world wide. So just like Catfish, It's Fake news.
Hycroft Mine is developed and was already a mining and producing company.
Our share structure is already locked tight and the only way to get shares is for retail to sell, as fabricated phantom shares to borrow has dried up for short sellers to manufacture and manipulate.
These short selling Central Banks and Hedge Funds are crashing all over the world and they are in a full panic as their crooked fiat Swift system is over. We are going back to a Gold Standard with the QFS and the crooks of Wall Street can no longer rig our currency.
Hycroft Mining is transitioning from a Heap Leach to both Heap Leach and a massive milling operation. Bashers know this and simply want to scare retail into selling. Nobody is selling at this point and 5 new institutions were added last quarter.
Hycroft will be back to full operations soon enough with pin point accuracy from the ongoing, massive drilling drilling operation,hitting the gold and silver rich targets right out of the gate.
Nu Ride ticker change imminent. Boom!
Following Silicon Valley right into a grave with Melvin Capital.
The Pop before the Drop! Insolvent and cooking the books.
$HYMC Shareholder $AMC Stock Short Squeeze update - Warning Signs Are 500 Banks on the Brink of Collapse?
AMC Stock Short Squeeze update - Warning Signs Are 500 Banks on the Brink of Collapse?
Spot on accurate! All central banks are insolvent and operating
off of their own manipulated balance sheets.
It's almost over for their scams and a new beginning is on the horizon.
Short selling Central Banks are crashing and there will be no bail outs.
The bank runs are being coined suicide month.
Patience will be a big pay day for many stocks across the board.
It looks like you touched a nerve with that basher who is seriously in a
full panic and Terrified of the truth. It's not just coming. It's already here
and one by one, they will fall. London Bridge is Falling Down with Rothschild
now out of the picture.
Soon, it will be time to dance. Strong Hold on everything except banks.