Hycroft Mining Holding Corporation disclosed that its 2025‑2026 Exploration Drill Program at the Hycroft Mine produced a 33.70 g/t gold and 2,890 g/t silver intercept in hole H25D‑6083, adding to the company’s high‑grade resource base.
The 0.9‑meter interval is part of a broader 53.4‑meter intercept that grades 304.14 g/t silver and 1.33 g/t gold. The company did not confirm a separate 48.25‑meter intercept grading 4.21 g/t gold and 47.00 g/t silver, and no source corroborates that figure.
At the end of the first quarter of 2026, Hycroft reported approximately $189 million in unrestricted cash and remained debt‑free. The company also recorded pre‑tax compensation expenses of $33.8 million, of which $19.4 million was paid in cash, reflecting board‑approved compensation actions tied to the 2025 financings.
Alex Davidson, Vice President of Exploration, said: "Our team is extremely pleased with these additional results from Vortex and our understanding of Hycroft's emerging discoveries at both Vortex and Brimstone. Hole H25D-6083 was designed to test the structural intersection of the Break and Albert Faults. After two years of methodical logging of core which resulted in an update to the structural model controlling the mineralization at both Vortex and Brimstone, we have defined fluid pathways that are being targeted in our drilling program." The results reinforce the geological model and support continued drilling along the Break and Albert Faults.
The company has delayed its Preliminary Economic Assessment, originally targeted for the end of Q1 2026, because the recent resource growth requires additional engineering work. Hycroft is also studying a transition to milling to process sulfide mineralization, a strategic shift that could unlock further value beyond its current oxide heap‑leach operations.
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