Hycroft Mining
Hycroft Mining is developing one of the world's largest precious metals deposits in Nevada, USA, with a focus on transitioning the Hycroft Mine into a large-scale milling operation and exploring its extensive land package.
Services
Hycroft Mining is dedicated to developing one of the world's largest precious metals deposits. The company focuses on transitioning the Hycroft Mine into a large-scale milling operation for processing sulfide ore. Additionally, Hycroft is engaged in a robust exploration drill program to unlock the full potential of their expansive land package. The mine is also permitted for both heap leach and milling operations, with extensive on-site infrastructure including crushing facilities and two Merrill Crowe plants.
Exploration and Deposits
Hycroft Mining possesses a large, underexplored land package in a Tier-One mining jurisdiction in Nevada, USA, totaling approximately 64,000 acres. As of 2024, less than 10% of this land has been explored. The company's current resource base includes 10.6 million ounces of gold and 361.0 million ounces of silver in the Measured and Indicated category. Recent exploration highlights include the discovery of a high-grade silver system at Brimstone and significant discoveries in the Vortex zones.
Hycroft Mine Location and Infrastructure
The Hycroft Mine is located in northern Nevada, specifically in the Sulfur Mining District, 54 miles west of Winnemucca, and straddles Humboldt and Pershing counties. The mine is situated on the western flank of the Kamma Mountains in the Basin and Range province. This extensive property encompasses about 64,000 acres, featuring both patented and unpatented claims. The site includes vital infrastructure for heap leaching and milling operations, demonstrating substantial operational readiness.
Safety and Awards
Hycroft has been recognized for its commitment to safety standards and culture, exemplified by winning the Nevada Mining Association's 2023 Mine Operator Safety Award, First Place for Surface – Small. Since October 2020, Hycroft has reported no Lost Time Injuries (LTIs) and maintained a Total Reportable Injury Frequency Rate (TRIFR) of ZERO for over 12 months as of October 2023. These accolades highlight Hycroft's dedication to maintaining a safe working environment for its employees.
2024 Exploration and Development Programs
Hycroft's 2024 exploration efforts are concentrated on a comprehensive drill program, which started in February 2024 and includes approximately 5,200 meters of core drilling. This program aims to follow up on high-grade underground silver discoveries announced in late 2023. Additionally, Hycroft is conducting metallurgical studies to explore the viability of utilizing roasting technology instead of pressure oxidation technology to enhance economic outcomes. Moreover, they have been included in the Solactive Global Silver Miners Total Returns Index, effective May 1, 2024.