Hycroft Mining (HYMC) Mining Forum Americas 2026 summary

Strategic positioning and asset scale

• Holds one of the world's largest gold and silver deposits, with 1.8 billion ounces of silver equivalent or 24 million gold equivalent ounces in measured and indicated resources.

• Nevada location offers regulatory, labor, and infrastructure advantages, ranking first globally for mining jurisdictions.

• Only 15% of the 64,000-acre land package has been explored, with significant upside potential.

• Institutional ownership is strong at 84%, with recent index inclusions boosting liquidity.

• Financially robust with $221 million in cash and no debt.

Development plans and production pathways

• Near-term focus on restarting heap leach processing for quick cash flow, leveraging existing infrastructure and permits.

• Evaluating high-grade underground mining at Brimstone and Vortex, and open-pit development of the broader sulfide resource.

• Considering roasting as an alternative to POX, potentially adding sulfuric acid as a third revenue stream.

• Hybrid approach under review to accelerate both high-grade and volume production.

• Ongoing metallurgical tests and drilling to optimize timing and resource definition.

Resource expansion and exploration

• Recent drilling has expanded high-grade silver domains, with intercepts up to multiple thousand grams of silver.

• 2025/2026 drill campaign underway, with results not yet included in current resource estimates.

• Both Brimstone and Vortex remain open in all directions, with additional district-scale targets identified.

• Two exploration declines planned to enable faster, cheaper underground drilling and future production.

• Additional rigs being added to accelerate exploration.