Hycroft Mining Holding Corp (HYMC)

[Saving Grace]

Hycroft Mining Highlights Brimstone, Vortex High-Grade Silver Finds, $189M Cash at Gold Forum

Written by MarketBeat
April 13, 2026

Hycroft says it has discovered two high-grade silver systems, Brimstone and Vortex, defining more than 100 million ounces of silver and roughly 300,000 ounces of gold after just 8,000 meters of drilling, with standout intercepts such as 85 m averaging >500 g/t Ag (including 40 m >1,000 g/t) and 21 m of 2,800 g/t Ag with 33.7 g/t Au.
The project hosts a very large resource base—over 16 million ounces of gold and more than 500 million ounces of silver in measured & indicated categories (with substantial inferred ounces)—and Hycroft reports resources have increased about 55% in the past two years.
Financially strong with $189 million in cash and no debt, Hycroft is funding an expanded >20,000-meter 2024 drill program, advancing a PEA and metallurgical work for sulfide milling, and targeting an initial underground high-grade start at roughly 3,500–5,000 tpd while considering a heap-leach restart as a near-term revenue bridge.

On the high-grade discoveries specifically, Garrett said that after “only 8,000 meters of drilling in 14 months,” Hycroft had defined a resource of more than 100 million ounces of silver and 300,000 ounces of gold, and that the company’s resources have increased by 55% over the last two years.

Garrett characterized recent drill results as the best in the mine’s history, citing a discovery hole of 85 meters averaging over 500 grams of silver, including “40 meters” over 1,000 grams, with multiple intercepts above 2,000 grams and one cited at 10,000 grams. She also referenced another hole with 21 meters of 2,800 grams of silver, and said that within that hole there were “80,000 gram intercepts.” She directed investors to the company’s website and presentation materials for full drill tables.

Garrett said Hycroft has $189 million in cash and no debt, and that the company trades on multiple indices, including SILV (Solactive Silver) and GDXJ. She added that while she expects “60%” of revenues to be generated from gold and “40%” from silver, the company “trade[s] more like a silver company.”

First, the bullish perspective—Hycroft's updated MRE suggests 55% growth in measured and indicated mineral resources for both silver and gold at its Nevada mine. The report also boosts inferred mineral resources—those for which predictions are less confident but which are still based on educated preliminary assessments—by 50% for gold and 38% for silver. All told, Hycroft's mine could contain some $50 billion or more worth of gold and silver, based on current prices.

The promise of a mine depends not only on the amount of gold and silver it contains but also on how easily these minerals can be extracted. The more challenging the access or extraction process, the higher the time and cost involved. Fortunately, about 83% of the gold and 78% of the silver are recoverable using traditional methods, a comparatively strong indicator relative to the broader industry

https://www.marketbeat.com/instant-alerts/hycroft-mining-highlights-brimstone-vortex-high-grade-silver-finds-189m-cash-at-gold-forum-2026-04-13/