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Hycroft does actually produce silver and gold! in 2020 the mine produced 27,392 ounces of gold and 178,836 ounces of silver, The average realized gold price in 2020 was $1,779 per ounce and the silver price, $20.30 per ounce. Gold spot is now $1,9326 & silver $39.31 and has hundreds of tons of material stockpiled for processing. In 2021 they produced 45,532 oz of gold before Ceasing operations. They laid off 109 workers and kept 100. The Denver-based company has decided milling is the best bet for Hycroft, after looking at a patented process for sulfide ores that has too many challenges, Garrett said.“I don’t want people to think we are shutting down. We are absolutely moving forward with a milling operation,” she said in a phone interview, estimating that it could be two to three years before a mill could be built so continuing to mine at this time was “bleeding cash.” Garrett said a prefeasibility study that is expected to be completed early in the new year will consider and predict the cost of constructing a mill that would include an autoclave and will also look at alternatives such as toll milling at a third-party autoclave or roaster facility in Nevada.
Garrett said Hycroft has the largest silver deposit in the United States, and there would be a mine life of 34 years once mining resumes and sulfide ore is processed by milling. Currently, ore leached at Hycroft is processed in a Merrill Crowe plant. Hycroft reported third-quarter gold production of 14,831 ounce, up 240% over the 2020 quarter, and silver production of 91,437 ounces, up 295% over third quarter of last year, and the average realized gold price was $1,781 per ounce and for silver, $24.15 per ounce.A $10 million drilling program for 2021 and early 2022 continues, with $5.6 million of the total spent by Sept. 30, the company also stated.
Hycroft Holding’s unrestricted cash position was $19.8 million at the end of the third quarter, compared with $54.4 million at the end of last year, and the report stated that while the company will continue to generate revenue from heap leaching ore, it does not expect to generate net positive cash for the foreseeable future.
Now enter AA and 27.9 million. Not a lot of cash to build a mill but its a start
but!! gold is rising silver is doubling they are building a mill, they do have the permits
https://elkodaily.com/mining/hycroft-mine-lays-off-half-of-workers/article_26786f1a-3c8b-59b7-b923-3ce57d81767b.html
https://elkodaily.com/mining/hycroft-posts-loss-as-processing-study-continues/article_32f2a44c-9e6a-5f6b-b9c1-e231b4d67fa4.html
https://www.prnewswire.com/news-releases/hycroft-provides-2021-second-quarter-operating-and-financial-results-301347896.html
$$AMC$$ ~HODL~
Exposed!!!!!!!!!!!!!!!!
nice post...
“De-risking” is the buzzword du jour on Wall Street, where hedge funds and their ilk are cutting positions, selling stocks and covering shorts. So-called degrossing activity in U.S. single stocks has climbed to the highest in a year, according to prime-broker data from Goldman Sachs Group Inc.
Nice read
bloomberg.com/news/articles/2022-03-08/hedge-funds-rush-for-exit-as-volatility-of-everything-surges
getting closer .....
$$AMC$$ ~HODL~
$$AMC$$ ~HODL~ We are very close my friends!!! FUD is knee deep....
Credit Suisse tries to aid U.S. block-trading probe of rivals -Bloomberg News
Looks like the Crooks are turning on each other!!
RICO worries...?
https://www.reuters.com/business/credit-suisse-tries-aid-us-block-trading-probe-rivals-bloomberg-news-2022-02-25/
$$AMC$$ ~HODL~
Awesome!!
$$AMC$$ ~HODL~
agree, i was being a bit harsh, But something has changed in his approach
enough said
$$AMC$$ ~HODL~
lou is a shill, you understand that now...He gets in to peoples heads with his cute distractions. no DD, no source just fowl language
$$AMC$$ ~HODL~
That guy is a shill imo.
$$AMC$$ ~HODL~
Like you said, I'll be watching from my cheap seats. This could be the start of one crazy ride. Money on white ...
$$AMC$$ ~HODL~
we will see how the day ends....HF has to be sweating, margin is coming
Repo window will set a record tonight imo
$$AMC$$ ~HODL~
LOL, you are on the wrong side of this trade...Smart money just sitting back and waiting on the inevitable...
$$AMC$$ ~HODL~
Agree !!!
AMC ON The move..
$$AMC$$ ~HODL~
shorty pockets got holes,
!!AMC!! ~HODL~
i Added today !!!!
Have not sold a share!!
MOASS on the way glta
$$$AMC$$$ ~HODL~
do it, i dare you LOL
$$AMC$$ ~HODL~
Good plan!! i will be watching Volume
$$AMC$$ ~HODL~
"idiotic" key word in that statement!!
$$AMC$$ ~HODL~
I'm still buying at this level. I will load up big time next week next
All we gotta do is HODL!!!!
FB is probably one of the most widely held stocks out there. 1/3 of its value was just vaporized 230+ billion!!! lost collateral. We will see...
HODL....
or a margin call on HF. HF sweating bullets with the FB face plant!!
HODL!!!!
You got a world wide family now Herb!
I can be uncle rocco lol
Hodl is the way to moass !!!
$$AMC$$
Agree senordarkness, all we have is each other. Our best strategy is to buy and hold. Encourage fellow apes to buy shares and/or just hold. not even considering selling any shares till i see a true squeeze, a true squeeze start in the thousand dollar range based on my DD
I added 100 shares today !!!
$$AMC$$
HODL!!!!!!!!!!!!!!!
AMC Looking Good...
$$AMC$$ ~HODL~
but you never know....
$$AMC$$ ~HOLD~
Took TD 2 weeks to transfer my shares to fidelity!!!
$$AMC$$ ~HODL~
Agree ! I also want to hear about AMC creating its own Cryptocurrency as AA was quoted saying last week on CNBC !!
$AMC$ ~HODL~
I'm a buyer today, adding a few more shares to the stack.. that is now in Fidelity!! I will be putting half my share count in computershare starting next week
$AMC$$ ~HODL~
Finally, 90% of my shares have been transferred from TD to Fidelity. took 2 weeks. i do plan on putting a few in computer share just to see how the process works.
$AMC$$ ~HODL~
I'm in process of moving all my shares from TD to Fidelity. been over a week...Still waiting for confirmation. Then i will attempt to move a portion to Computershare.
$$MC$$ ~HODL~
NICE!!!
$AMC$$ ~HODL~
Well said!!
$AMC$$ ~HOLD~
good question, what happens to the repo window if gov. shuts down?
$AMC$$ Buy the dip and HODL!!!!!
agree, I will add a few shares over the next couple days.
I am not Selling a Single Share till i see a MOASS kenny...
$AMC$$ ~HODL~
My plan is to add 150 shares to my hoard today. "I ain't leaving till i see the MOASS!!!
$AMC$$ ~HOLD~
Interesting video on "What Is Computershare"
Worth a look. Nothing wrong with using Computershare if you plan on sitting on your shares
Interesting video on "What Is Computershare"
Worth a look
Volume was about the same leading up to the january 22 run up, january 21 volume was 54 million, january 22 was 268 million. may 13 run up the same. May 12 was 54 million, May 13 was 296 million. todays volume 68 million
We wont see it coming, one day volume will be threw the roof and moass will have begun. This is why i hold and add if i can on the dips
$AMC$$
~HODL~
This weeks shake down changes nothing, HF and friends are getting nervous
I'm here for the MOASS!!
I add on the dips
$AMC$$
~HODL~
Very doubt full, DD shows massive amount of synthetic shares exist and have not been covered.
$AMC$$ ~HOLD~