Hycroft Mining Holding Corporation
- Open
- 21.80
- Day high
- 22.15
- Day low
- 21.14
- Prev close
- 21.80
- Volume
- 1.2M
- Mkt cap
- $2.0B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 8.9
- P/S
- —
- Yield
- —
- Per share
- —
- ▲Insiders net buying $899K over the last 3 months (1 open-market buy, 7 sales)
- 🏛Institutions accumulating (13F)
Hycroft Mining Holding Corporation (HYMC) is a Basic Materials company listed on NASDAQ. The stock is up 497% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 7 sales (SEC Form 4).
Hycroft Mining Holding Corporation (HYMC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HYMC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.09 | $-0.54 | -500.0% | — | — |
| Mar 3, 2026 | $-0.07 | $-0.18 | -157.3% | — | — |
| Jul 30, 2025 | $-0.38 | $-0.43 | -13.2% | — | — |
| Mar 5, 2025 | $-0.43 | $-0.50 | -16.3% | $8M | +966.0% |
| Mar 14, 2024 | $-0.60 | $-2.39 | -298.3% | $-4M | -354.6% |
| Jul 26, 2023 | $-0.06 | $-0.70 | -1066.7% | — | — |
| May 1, 2023 | $-0.10 | $-0.70 | -600.0% | — | — |
| Nov 1, 2022 | $-0.10 | $-0.80 | -700.0% | $9M | — |
| Aug 4, 2022 | $-0.10 | $-0.50 | -400.0% | $4M | — |
| May 4, 2022 | $-0.04 | $-2.70 | -6650.0% | $9M | +0.0% |
| Mar 31, 2022 | $-0.06 | $-7.80 | -12900.0% | $24M | -4.7% |
| Nov 12, 2021 | $-1.30 | $-3.90 | -200.0% | $32M | +0.0% |
HYMC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | Jennings Rebeccaofficer: SVP & General Counsel | Tax | 5,195 | $23.27 |
| Jul 1, 2026 | RIDEOUT STANTON Kofficer: Executive Vice President & CFO | Tax | 7,483 | $23.27 |
| Jul 1, 2026 | Thomas David Brianofficer: SVP, General Manager | Tax | 5,195 | $23.27 |
| Jul 1, 2026 | GARRETT DIANE Rdirector, officer: Chair, President & CEO | Tax | 12,986 | $23.27 |
| Jun 18, 2026 | Thomas David Brianofficer: SVP, General Manager | Sell | 25,000 | $26.32 |
| Jun 16, 2026 | Jennings Rebeccaofficer: SVP & General Counsel | Sell | 1,194 | $28.64 |
| Jun 16, 2026 | Jennings Rebeccaofficer: SVP & General Counsel | Sell | 15,329 | $26.25 |
| Jun 8, 2026 | RIDEOUT STANTON Kofficer: Executive Vice President & CFO | Sell | 16,500 | $30.18 |
| Jun 8, 2026 | Jennings Rebeccaofficer: SVP & General Counsel | Sell | 11,300 | $30.27 |
| Jun 8, 2026 | GARRETT DIANE Rdirector, officer: Chair, President & CEO | Sell | 21,550 | $31.50 |
| Jun 8, 2026 | Thomas David Brianofficer: SVP, General Manager | Sell | 9,000 | $30.15 |
| May 14, 2026 | Colby Eric Bofficer: EVP Corporate Development & IR | Grant | 16,482 | — |
| Apr 27, 2026 | Sprott Eric10 percent owner | Buy | 100,000 | $37.84 |
| Apr 23, 2026 | WENG THOMAS S.director | Grant | 5,231 | — |
| Apr 10, 2026 | Sprott Eric10 percent owner | Buy | 100,000 | $39.06 |
Source: HYMC SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full HYMC insider & 13F page →Hycroft Mining Holding Corporation company profile
Overview
Hycroft Mining Holding Corporation (NASDAQ:HYMC) is a precious metals development company founded in 2018 and headquartered in Winnemucca, Nevada. The company owns and operates the Hycroft mine, a large-scale gold and silver property covering approximately 70,671 acres in northern Nevada. Since its public listing, Hycroft has been focused on developing its substantial mineral resources, which include measured and indicated reserves of 9.6 million ounces of gold and 446.0 million ounces of silver as of December 2021. The company is currently in a development phase, working to establish commercial production operations at its flagship property.
Business
Hycroft Mining operates in the precious metals mining industry, specifically focusing on gold and silver extraction. The mining industry involves the exploration, development, and extraction of valuable minerals from the earth, which are then processed and sold to various end markets including jewelry manufacturers, industrial users, and investment markets. The company's core asset is the Hycroft mine, located in northern Nevada's mining-friendly jurisdiction. This property represents one of the largest undeveloped gold and silver deposits in North America. The mine utilizes heap leach processing technology, which involves stacking ore on large pads and applying chemical solutions to dissolve and extract precious metals. This method is particularly suitable for processing lower-grade ore bodies economically over extended periods. Nevada's location is strategically advantageous for mining operations due to its established mining infrastructure, favorable regulatory environment, and proximity to processing facilities and transportation networks. The state produces approximately 75% of all gold mined in the United States and hosts some of the world's largest gold mining operations. Currently, Hycroft operates as a single-segment business focused entirely on developing its Nevada property. The company has not yet achieved commercial production levels and generates minimal revenue from its operations, instead focusing resources on advancing the mine toward full-scale production capability.
Revenue model
Hycroft's business model is centered on mineral extraction and sales, where revenue is generated by selling refined gold and silver to precious metals markets. In a typical mining operation, companies sell their production to refineries, bullion dealers, or directly to end-users at prevailing market prices. Currently, Hycroft generates minimal revenue as it remains in the development phase. The company's 2022 revenue of $33.2 million represented limited production during operational testing, while subsequent years show zero revenue as the company focused on development activities rather than commercial production. The company's future profitability will depend on several critical factors. Commodity price fluctuations represent the primary revenue driver, as gold and silver prices are determined by global market conditions including inflation expectations, currency movements, and investment demand. Production costs significantly impact margins and include energy costs, labor expenses, chemical reagents for processing, and equipment maintenance. Operational efficiency in terms of ore processing rates, recovery percentages, and equipment utilization directly affects unit costs and overall profitability. External factors that could impact margins include regulatory changes affecting mining operations, environmental compliance costs, and infrastructure availability. The company's heap leach processing method typically offers lower operating costs compared to traditional milling but requires longer processing cycles and is sensitive to weather conditions and chemical input costs. Given the capital-intensive nature of mining operations, Hycroft's path to profitability requires substantial upfront investment in infrastructure, equipment, and working capital before achieving sustainable cash flow generation from commercial production.
Competitive moat
Hycroft's competitive position centers on its substantial mineral resource base and strategic location in Nevada's established mining district. The company's primary moat derives from the scarcity and scale of its gold and silver deposits, which represent significant barriers to replication by competitors. Large-scale mineral deposits of this magnitude are rare and require decades to discover, permit, and develop. The company benefits from Nevada's mining-friendly jurisdiction, which provides regulatory stability, established infrastructure, and access to skilled mining workforce. This geographic advantage is difficult for competitors to replicate, as suitable large-scale deposits in politically stable jurisdictions are increasingly scarce globally. However, Hycroft's moat faces several challenges. The company operates in a commodity business where products are undifferentiated, and success depends primarily on cost efficiency and operational execution rather than unique product advantages. The mining industry is highly competitive, with established operators like Newmont, Barrick Gold, and other major producers having significant advantages in terms of operational expertise, financial resources, and economies of scale. The company's development-stage status represents both an opportunity and vulnerability. While the large resource base provides long-term potential, the company lacks the operational track record and cash flow generation of established producers. This creates execution risk and dependence on external financing during the development phase. Potential disruption could come from technological advances in mining extraction methods, changes in precious metals demand patterns, or discovery of larger, more economically viable deposits by competitors. Additionally, the shift toward sustainable investing and ESG considerations may impact access to capital for traditional mining operations.
Risks & safety
Hycroft presents a high-risk financial profile with significant cash burn and development-stage uncertainties, though it maintains adequate near-term liquidity. **Cash and Liquidity Position:** - Cash and short-term investments of $39.7 million as of Q1 2025, down from $49.6 million in Q4 2024 - Strong current ratio of 15.2x indicates excellent short-term liquidity coverage - Quarterly cash burn averaging $9-10 million based on operating cash flows **Debt and Solvency:** - Debt-to-equity ratio of 0.0 indicates minimal traditional debt obligations - Total liabilities of $173.8 million exceed total assets of $129.3 million, resulting in negative book value - Company appears technically insolvent from a balance sheet perspective **Valuation Metrics:** - Negative earnings make traditional P/E ratios meaningless - Price-to-book ratio of -1.8x reflects negative shareholder equity - Enterprise value metrics distorted by negative EBITDA **Other Considerations:** - No revenue generation creates complete dependence on external financing - Estimated 3-4 quarters of cash runway at current burn rates - High execution risk given development-stage operations and need for significant additional capital investment
Recent development
Based on the available financial data, Hycroft has been primarily focused on transitioning from exploration to development operations over the past several years. The company's strategic pivot appears centered on advancing the Hycroft mine toward commercial production capability. The most significant development occurred in 2022 when the company generated $33.2 million in revenue, representing initial production activities during operational testing phases. However, subsequent years show zero revenue as the company shifted focus from limited production back to development and optimization activities. The company has been managing cash resources carefully while maintaining development activities. Cash positions have declined from $142 million in 2022 to approximately $40 million by Q1 2025, reflecting ongoing investment in mine development and operational infrastructure. The consistent quarterly cash burn of $8-10 million indicates sustained development spending. Operational focus appears to be on optimizing the heap leach processing systems and preparing for scaled commercial production. The lack of revenue in recent periods suggests the company is prioritizing long-term operational efficiency over near-term cash generation from limited production activities. The company's balance sheet restructuring shows a shift from positive to negative book value, indicating either asset write-downs or accumulated losses from development activities. This financial evolution reflects the typical pattern of development-stage mining companies that require substantial capital investment before achieving commercial viability.
HYMC company profile · for informational purposes only — not investment advice.
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