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HYMC

Hycroft Mining Holding Corporation

Hycroft Mining Holding Corporation Q3 FY2021 earnings call

November 10, 2021 · fiscal period ended 2021-09

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Summary

Generated 2021-11-10

Management highlights

  • Ceased mining operations at Hycroft mine immediately, will continue processing metal inventory off leach pads until not economic.
  • Focus shifting to POCs pre-feasibility studies. Ongoing variability and mineralogy work across Hycroft ore body.
  • Identified POCs process as the right approach for milling with higher recoveries and less risk.
  • Conducted limited exploration drilling, encountered noteworthy intercepts like a 52-meter intercept in vortex zone with 2.47 g/t gold and 25.5 g/t silver.
  • Safety improvements with tripper rate reduction of 0.41, an 82% reduction from September 2020.
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Segment performance

No detailed financial performance for product segments provided; focus is on Hycroft mine operations.

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Guidance

  • Focus on POCs pre-feasibility studies expected to be completed in first quarter of 2022.
  • Robust exploration drilling program to target prospective higher grade areas.
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Risks

  • Capital costs and operating costs higher for novel process than anticipated.
  • Ore not amenable to novel process, sub-ore performance below expectations.
  • Share price pressure from large shareholders liquidating holdings.
View in transcript ↓

Q&A highlights

Q: No specific questions with detailed answers provided as remarks addressed potential questions

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Key numbers

Reported versus consensus

Earnings calendar feed

MetricReportedConsensusDeltaPrior year
EPS
Revenue

Transcript

November 10, 2021

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