Hycroft Mining

What Hycroft Mining does

Hycroft Mining Holding Corporation is a US-based gold and silver development company that owns the Hycroft Mine, a large precious metals deposit located in Humboldt and Pershing Counties, northern Nevada. The company is in pre-production stage with zero current revenue, focused on transitioning the mine from historical oxide heap leach operations to sulfide ore processing using conventional pressure oxidation (POX), flotation, and cyanide leaching, with a pending patent application covering its proprietary sulfide oxidation and heap leach process. The planned process flowsheet includes three stages of crushing, two stages of ball milling, flotation, POX, cyanide leaching, and Merrill-Crowe circuits, targeting 82.8% gold recovery and 77.5% silver recovery. Hycroft also operates exploration drilling to delineate high-grade silver systems at the Brimstone and Vortex zones.

The Hycroft Mine sits on over 64,000 acres of contiguous land, of which less than 10% has been explored and less than 15% is captured in the current mineral resource. As of the June 2026 S-K 1300 Technical Report Summary, Measured and Indicated resources stand at 16.4 million ounces of gold and 562.6 million ounces of silver, supplemented by an initial high-grade silver resource of 90.2 million ounces at grades of 500-2,000+ g/t. The technical report projects a 51-year mine life with average annual production of 204,000 ounces of gold and 6.8 million ounces of silver, generating a pre-tax NPV of $5.4 billion at base case prices and $10.0 billion NPV at spot prices, with life-of-mine cash costs of $1,924/oz AuEq.

Hycroft Mining became public in May 2020 through a business combination with Mudrick Capital Acquisition Corp. and trades on NASDAQ under the ticker HYMC. The company became debt-free in October 2025 following a $125.5 million debt repayment, with $189 million in cash as of Q1 2026. Eric Sprott, through affiliated entities Sprott Mining Inc. and 2176423 Ontario Ltd., is the largest shareholder with approximately 37.4 million shares (~44% ownership). When the mine reaches commercial production, Hycroft will generate revenue through sales of refined gold and silver doré bars to precious metals refiners and commodity buyers at prevailing market prices, with a 1.5% NSR royalty (2.14% including withholding tax gross up) payable to Sprott Private Resource Lending II.

Name

Hycroft Mining

Legal name

Hycroft Mining Holding Corporation

Website

https://hycroftmining.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Hycroft Mining is a US-based pre-revenue gold and silver development company advancing the Hycroft Mine in northern Nevada, a large sulfide deposit hosting 16.4M oz gold and 562.6M oz silver in resources. The company targets sulfide ore processing via pressure oxidation and heap leach, with a projected 51-year mine life.

Ownership category

akta.pro rank

Headquarters

HQ city

Winnemucca

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Gold and Silver Production: Hycroft is a pre-revenue development-stage company. When the Hycroft Mine reaches commercial production, the company will generate revenue through the sale of gold and silver produced from its mining operations. The technical report projects average annual production of 204,000 ounces of gold and 6.8 million ounces of silver over a 51-year mine life. Revenue will be subject to prevailing market prices for gold and silver, NSR royalties (1.5% plus gross up), and refining costs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hycroft Mining is a U.S.-based gold and silver development company focused on advancing the Hycroft Mine in northern Nevada, one of the world's largest precious metals deposits containing 16.4 million ounces of gold and 562.6 million ounces of silver in Measured and Indicated resources. The company is pre-revenue and is completing technical studies to transition the mine from historical oxide heap leaching to sulfide ore processing using pressure oxidation (POX) milling combined with heap leach technology. Production-stage output will be gold and silver doré bars sold to refiners at prevailing market prices, with projected average annual production of 204,000 ounces of gold and 6.8 million ounces of silver over a 51-year mine life.

Product overview

Hycroft Mining Holding Corporation is a single-asset gold and silver development company focused on the Hycroft Mine in northern Nevada. The company operates one primary product offering—the Hycroft Mine—which uses a combination of conventional pressure oxidation milling and heap leaching processes to extract gold and silver from sulfide and oxide ore deposits. The mine has an existing brownfield infrastructure including crushing systems, leach pads, Merrill-Crowe processing facilities, and rail access. The company is transitioning from historical oxide heap leach operations to a milling operation for processing sulfide mineralization, while conducting exploration drilling to expand high-grade silver systems at the Brimstone and Vortex zones.

Differentiator

Problem solved

Functional benefit

Products and services

• Hycroft Mine Gold and Silver Project World-class gold and silver development project located in northern Nevada, containing 16.4 million ounces of gold and 562.6 million ounces of silver in Measured and Indicated resources. Will produce gold and silver doré bars using pressure oxidation (POX) milling and heap leach processing, with projected average annual production of 204,000 ounces of gold and 6.8 million ounces of silver over a 51-year mine life. The mine will be sold to precious metals refiners and commodity buyers.

Quantifiable outcome

• 55% increase in Measured and Indicated mineral resources to 16.4 million oz gold and 562.6 million oz silver
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and major.

• Ausenco Engineering South USA Inc.coreImplementation/ SI/ Consulting Partner · 2 June 2026Ausenco Engineering is the lead engineering firm for the S-K 1300 Technical Report Summary and Initial Assessment. They prepared the technical study in accordance with S-K 1300 along with Independent Mining Consultants and WestLand Engineering & Environmental Services. Ausenco will complete the Initial Assessment Technical Report with economic projections.
• Independent Mining Consultants Inc. (IMC)coreImplementation/ SI/ Consulting Partner · 2 June 2026IMC developed the mine plan for the Hycroft Mine, producing a schedule that extracts required process feed and moves sufficient mine waste to assure continued release of mineralization. Contributed to the S-K 1300 Technical Report Summary.
• WestLand Engineering & Environmental Services, Inc.majorImplementation/ SI/ Consulting Partner · 2 June 2026WestLand completed environmental studies and contributed to the S-K 1300 Technical Report Summary along with Ausenco and IMC. They were incorrectly identified in an earlier press release regarding tailings storage facility engineering.
• RESPEC Company LLCmajorImplementation/ SI/ Consulting Partner · 21 April 2026RESPEC was engaged by Hycroft in April 2026 to assess underground mining options for newly discovered high-grade silver systems at Brimstone and Vortex. The study will evaluate mining methods, conceptual mine design, and decline development to enable underground drill access and early production options.
• WSP Global Inc.majorImplementation/ SI/ Consulting Partner · 21 April 2026WSP Global Inc. completed engineering work associated with additional lifts on the tailings storage facility. This engineering work was corrected from an earlier press release that incorrectly attributed it to WestLand Engineering.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Hecla Mining Company: Hecla is the largest primary silver producer in the United States with a portfolio of silver and gold mining operations. Comparable to Hycroft due to its silver-focused commodity mix, U.S. mining footprint, and similar development/production profile.
• Coeur Mining: Coeur Mining is a well-established precious metals producer focused on silver and gold mining operations across the Americas. Comparable due to its primary silver exposure and similar stage of multi-asset precious metals development.
• First Majestic Silver: First Majestic is a primary silver and gold producer with operations in Mexico and the U.S. Highly comparable commodity mix and similar development/producer profile to Hycroft's silver-gold focus.
• MAG Silver Corp. MAG Silver is a silver-focused exploration and development company advancing the Juanicipio project in Mexico. Comparable due to its silver-focused commodity mix and development-stage profile.
• Endeavour Silver Corp. Endeavour Silver is a mid-tier silver and gold mining company operating in Mexico. Comparable due to its primary silver-gold commodity mix and similar mid-cap precious metals profile.
• SSR Mining: SSR Mining is a precious metals producer with gold and silver operations across multiple jurisdictions. Comparable due to its gold-silver commodity mix and intermediate-tier precious metals development profile.
• McEwen Mining Inc. McEwen Mining is a gold and silver producer and developer with operations and projects in the Americas. Highly comparable due to its gold-silver commodity mix, U.S. project focus, and similar development-stage profile (Hycroft VP/GM Mike Eiselein previously worked at McEwen).

Broad incumbents

• Pan American Silver: Pan American Silver is one of the world's largest primary silver producers with a diversified silver and gold mining portfolio across the Americas. Comparable due to its primary silver exposure and multi-asset operating model, though larger and more diversified than Hycroft.
• Newmont Corporation: Newmont is the world's largest gold mining company with a global portfolio of operations. Comparable as a major gold peer with Nevada operations, though much larger and more diversified than Hycroft (Hycroft VP/GM and other executives previously worked at Newmont).
• Barrick Gold Corporation: Barrick Gold is one of the world's largest gold mining companies with operations across the globe. Comparable as a major gold miner with U.S. presence, though much larger and more diversified than Hycroft (Hycroft VP/GM previously worked at Barrick).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@HycroftMining
• LinkedInlinkedin.com/company/hycroftmining
• Xx.com/HycroftMining

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hycroft Mining