Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a U.S.-based gold and silver development company that owns the Hycroft Mine, a well-established, world-class asset located in northern Nevada, a Tier-One mining jurisdiction.
The Hycroft deposit hosts one of the largest gold and silver deposits in the world with over 10.6 million ounces of gold and over 361.0 million ounces of silver in the Measured and Indicated Category (over 15 million ounces gold equivalent) with an additional 3.4 million ounces of gold and 96.0 million ounces of silver in the Inferred Category (an additional 4.6 million ounces gold equivalent). The company’s land position is approximately 64,000 acres of which only 10% has been explored.
The Hycroft Mine has a long and successful history of oxide heap leaching operations. Today, the Company is focused on completing the technical studies to transition Hycroft into the next phase of commercial operations for processing the sulfide ore.
In addition, the Company is engaged in a robust exploration drill program, applying a first principles approach to the Hycroft Mine to discover the district's untapped potential. Through our understanding and interpretation of mineralization controls, we are targeting the potential high-grade feeder zone(s) at depth. The first success was announced in November 2023 after the Company drilled the ‘best hole ever’ in the mine’s more than 30-year history. That drill campaign resulted in the discovery of two very high-grade silver trends below the previously mined pits. Drilling in this area is on-going. In addition, it is the Company’s belief that our new understanding of this system has relevant application to the district scale land package and that there is potential for new discoveries outside the known resource area.
The Hycroft mine is permitted for both heap leach and milling operations and currently has extensive infrastructure on site including three-stage crushing facilities, leach pad capacity, and two Merrill Crowe plants with refinery.