Hycroft Mining Holding Corporation updated its Mineral Resource Estimate (MRE) effective January 21 2026, reporting a 55 % increase in measured and indicated gold and silver resources. The revised estimate now lists 16.4 million gold ounces and 562.6 million silver ounces, a substantial expansion relative to the March 2023 estimate.
Inferred resources also grew, with silver increasing 38 % to add 90.2 million ounces and gold rising 50 % in the inferred category. The update incorporates 70 new drill holes, refined geologic modeling, and commodity price assumptions of $3,100 per ounce of gold and $36 per ounce of silver.
Metallurgical testing conducted by an independent third‑party confirmed recoveries of 83 % for gold and 78 % for silver, supporting the economic viability of the sulfide ore that Hycroft plans to process through a new milling operation.
"Today's updated MRE reflects approximately 55% growth in both gold and silver Measured and Indicated Mineral Resources, and increases in Inferred Mineral Resources of 50% for gold and 38% for silver representing an impressive resource growth in what is already among the world's largest precious metals deposits," said President and CEO Diane R. Garrett. "Importantly, following only approximately 14 months of drilling since the discovery of two new high‑grade silver systems, a high‑grade mineral resource with underground potential has been established demonstrating the continuity of both the Brimstone and Vortex high‑grade systems which remain open along strike and at depth."
The resource expansion positions Hycroft as one of the largest precious‑metal deposits globally and underpins the company’s transition from historical heap‑leach operations to a sulfide‑ore milling facility. The robust metallurgical recoveries also support a potential roasting process that could generate sulfuric acid as a by‑product, creating an additional revenue stream. Despite the positive resource news, Hycroft continues to face financial challenges, reporting zero revenue in fiscal 2023 and negative net income in fiscal 2024, while maintaining strong liquidity and a high debt‑to‑equity ratio.
The announcement was well received by investors, reflecting confidence in the company’s expanded asset base and the strategic shift toward more efficient ore processing.
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