WINNEMUCCA – October 28, 2026 -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ended the third quarter with $211 million in unrestricted cash and no debt. The balance sheet funds exploration, technical studies and project advancement at its Nevada silver and gold project.
CEO Diane Garrett said the company is "well funded to execute our plan."
Drilling at Brimstone and Vortex tops 18,700 meters
Hycroft has drilled approximately 18,700 meters since its 2025-2026 Exploration Drill Program began. Results continue to show high-grade growth at the Brimstone and Vortex silver systems. Garrett said both systems remain open in all directions and at depth, and drilling will continue.
Roasting-versus-POX study results due in first quarter of 2027
Hycroft is finalizing a trade-off study between roasting and pressure oxidation (POX) processing methods in the fourth quarter. Results are expected in the first quarter of 2027.
Conceptual design of a high-grade underground mine and processing facility, done with RESPEC Company LLC and Hatch Ltd., is substantially complete. That work feeds into project optimization planned for 2027. Heap leach metallurgical test work is underway and is expected to finish in the first half of 2027.
Michael Deal becomes COO as four independent directors join the board
Michael Deal was appointed Chief Operating Officer as the company advances exploration, technical studies and development planning. The four new independent directors add experience in mining operations, technical services, finance and corporate governance.
On safety, Hycroft logged more than 1.5 million work hours without a lost-time incident and a total recordable injury frequency rate of 0.86.
CFO Stan Rideout moves to strategic advisor role on March 16, 2027
Rideout will transition to the newly created position of Executive Vice President, Strategic Advisor, effective March 16, 2027. Hycroft has started a search for a new CFO.
David Thomas, most recently Senior Vice President, Corporate Affairs & Sustainability, will retire effective April 30, 2027. He will remain a consultant to the company during the transition.