Financial Performance - Net loss for the six months ended June 30, 2024, was $33,930,000, compared to a net loss of $27,798,000 for the same period in 2023, indicating an increase in losses of about 22%[15] - The company reported a loss from operations of $14,281,000 for the three months ended June 30, 2024, compared to a loss of $11,567,000 for the same period in 2023, an increase in operational losses of approximately 23%[15] - Basic loss per share for the six months ended June 30, 2024, was $1.55, compared to $1.39 for the same period in 2023, indicating a deterioration in per-share performance[15] - The Company reported a net loss of $13,180,000 for the three months ended June 30, 2024, compared to a net loss of $13,889,000 for the same period in 2023, representing a decrease of 5.1%[70] - For the six months ended June 30, 2024, the net loss was $33,930,000, compared to $27,798,000 for the same period in 2023, indicating an increase of 22%[70] Assets and Liabilities - Total assets decreased from $201,693,000 as of December 31, 2023, to $155,459,000 as of June 30, 2024, representing a decline of approximately 23%[13] - Total liabilities decreased from $189,037,000 as of December 31, 2023, to $165,190,000 as of June 30, 2024, a decline of about 13%[13] - As of June 30, 2024, the total stockholders' equity was $37.6 million, down from $63.3 million on January 1, 2023, reflecting a net loss of $20.7 million for the three months ended March 31, 2024[18] - The total accumulated deficit increased to $759.1 million as of June 30, 2024, compared to $684.1 million as of March 31, 2023[18] - As of June 30, 2024, total debt, net was $119.286 million, down from $142.617 million as of December 31, 2023[48] Cash Flow and Liquidity - Cash and cash equivalents decreased from $106,210,000 as of December 31, 2023, to $58,548,000 as of June 30, 2024, a reduction of approximately 45%[13] - Cash flows used in operating activities for the six months ended June 30, 2024, were $20,331,000, compared to $22,434,000 for the same period in 2023, showing a slight improvement in cash usage[17] - As of June 30, 2024, the company had cash, cash equivalents, and restricted cash totaling $85,483,000, down from $151,746,000 at the end of the same period in 2023, a decrease of 43.5%[17] - Cash interest paid for the six months ended June 30, 2024, was $941,000, a decrease of approximately 69% from $3.023 million in the same period of 2023[79] Operating Expenses - Operating expenses for the three months ended June 30, 2024, totaled $13,418,000, compared to $12,632,000 for the same period in 2023, reflecting an increase of about 6%[15] - Operating expenses for the six months ended June 30, 2024, totaled $27,510,000, an increase of 19.5% from $23,100,000 in the same period of 2023[15] - The Company incurred operating costs of $14,281,000 for the three months ended June 30, 2024, compared to $11,567,000 for the same period in 2023, indicating a 23.4% increase[73] Stock and Equity - The company issued common stock, generating proceeds of $10,053,000 during the six months ended June 30, 2024[17] - The company sold 2,474,859 shares of common stock during the three months ended June 30, 2024, generating gross proceeds of $9.2 million[23] - The Company sold 2,992,547 shares of common stock for gross proceeds of $10.4 million during the six months ended June 30, 2024[62] - The stockholders approved an amendment to the HYMC 2020 Performance and Incentive Pay Plan, increasing the authorized shares by 900,000 to a total of 2,350,800 shares[65] Debt and Interest - Interest expense for the three months ended June 30, 2024, totaled $3.218 million, compared to $4.587 million for the same period in 2023[50] - The Company’s interest expense for the six months ended June 30, 2024, was $13,338,000, an increase of 47.8% from $9,023,000 in the same period of 2023[15] - The Company voluntarily prepaid $34.7 million of its first lien loan on January 5, 2024, reducing the outstanding balance to $15.0 million[45] Other Income and Gains - The Company recognized a gain of $3,641,000 on the sale of patents during the three months ended June 30, 2024[74] - Other income for the three months ended June 30, 2024, totaled $3,261,000, significantly higher than $144,000 in the same period of 2023[74] Impairment and Asset Retirement - The company completed its evaluation for impairment and determined no impairment was necessary during the three months ended June 30, 2024[30] - The Company recognized $4.0 million in additional expense related to changes in cost estimates for asset retirement obligations during the six months ended June 30, 2024[55] - The company's asset retirement obligation increased to $12.243 million as of June 30, 2024, from $7.973 million at the end of 2023[55] Securities and Investments - As of June 30, 2024, total securities available-for-sale amounted to $1.703 million, with $426,000 classified as current and $1.277 million as non-current[39] - The total securities available-for-sale increased to $1.703 million as of June 30, 2024, compared to $0 as of December 31, 2023[77] Future Commitments and Agreements - The Company has a commitment to pay a 4% net profit royalty on the Hycroft Mine, with total payments capped at $7.6 million, of which $3.3 million has been paid[85] - The Company received cash consideration of $30.0 million under the Sprott Royalty Agreement, granting a perpetual royalty of 1.5% on net smelter returns from the Hycroft Mine[86] - The estimated net present value of the Sprott Royalty Agreement was $146.7 million as of June 30, 2024, using a discount rate of 5.0%[87]

Financial Performance - The company reported a net loss of $20.7 million for the three months ended March 31, 2024, compared to a net loss of $13.9 million for the same period in 2023, indicating a year-over-year increase in losses of approximately 49.5%[15]. - The company reported a net loss of $20.749 million for the three months ended March 31, 2024, compared to a net loss of $13.909 million for the same period in 2023, representing an increase in loss of approximately 49%[78]. - The basic and diluted loss per common share for Q1 2024 was $1.00, compared to $0.69 for Q1 2023, representing a 45% increase in loss per share[73]. - The net loss for the three months ended March 31, 2024, was $20,749,000, compared to a net loss of $13,909,000 for the same period in 2023, indicating a 49.3% increase in losses year-over-year[18]. - The total loss before income taxes for the three months ended March 31, 2024, was $20,749,000, compared to $13,909,000 for the same period in 2023, reflecting a 49.3% increase[18]. Assets and Liabilities - As of March 31, 2024, total assets decreased to $152.6 million from $201.7 million as of December 31, 2023, representing a decline of approximately 24.3%[13]. - Total liabilities decreased to $158.8 million as of March 31, 2024, from $189.0 million as of December 31, 2023, a decrease of approximately 15.9%[13]. - The accumulated deficit increased to $745.9 million as of March 31, 2024, compared to $725.2 million at the end of 2023, indicating a rise of about 2.1%[19]. - The fair value of the company's debt instruments was estimated at $101.7 million as of March 31, 2024, down from $149.2 million as of December 31, 2023[83]. - The total debt, net was $116.540 million as of March 31, 2024, a decrease from $142.617 million as of December 31, 2023, reflecting a reduction of about 18.3%[49]. Cash and Cash Equivalents - Cash and cash equivalents decreased to $57.6 million as of March 31, 2024, down from $106.2 million at the end of 2023, a reduction of about 45.5%[13]. - Cash interest paid decreased to $502,000 in Q1 2024 from $1.473 million in Q1 2023, reflecting a reduction of approximately 66%[84]. Operating Expenses - Operating expenses for the three months ended March 31, 2024, totaled $12.2 million, up from $10.3 million in the same period of 2023, reflecting an increase of approximately 18.4%[15]. - Operating costs for the Hycroft Mine segment were $10.326 million in Q1 2024, up from $8.194 million in Q1 2023, indicating a year-over-year increase of about 26%[78]. - The Company incurred a loss from operations of $13.239 million in Q1 2024, compared to a loss of $11.533 million in Q1 2023, marking an increase of approximately 15%[78]. Share Issuance and Warrants - The company issued 517,688 shares of common stock during the three months ended March 31, 2024, raising gross proceeds of $1.2 million[24]. - The company raised $138.6 million from the sale of 89,553,584 shares under its ATM program, with approximately $361.4 million remaining available for future issuance[61]. - The company had 89.8 million total warrants outstanding as of March 31, 2024, with a total fair value of $68.1 million[67]. - The company had 865,422 outstanding 5-Year Private Warrants with an exercise price of $11.50, expiring on May 29, 2025[60]. Other Income and Expenses - The Company recorded interest expense of $10.119 million for the three months ended March 31, 2024, significantly higher than the $4.436 million recorded for the same period in 2023, marking an increase of approximately 128.3%[52]. - The Company recorded other income of $1.309 million in Q1 2024, primarily from a non-refundable deposit, compared to no other income reported in Q1 2023[80]. - The Company recognized $1.4 million as other income during the first quarter of 2024 due to the termination of a portion of an Equipment Purchase Agreement[42]. Compliance and Financial Covenants - As of March 31, 2024, the Company was in compliance with all financial covenants under its debt agreements[48]. Exploration and Technical Studies - The company is focusing on exploration drilling and technical studies to optimize processing methods for sulfide ores at the Hycroft Mine[22].

Mineral Resources - As of December 31, 2023, the Hycroft Mine had measured and indicated mineral resources of 10.6 million ounces of gold and 360.7 million ounces of silver, with inferred mineral resources of 3.4 million ounces of gold and 96.1 million ounces of silver[18]. - The 2023 Hycroft Technical Report Summary provides an initial assessment of the mineral resource estimate utilizing milling and pressure oxidation processes for sulfide and transition mineralization[17]. Revenue and Production - The company generated no revenues during the year ended December 31, 2023, due to the cessation of active mining operations[20]. - Gold production from mines increased by 0.9% in 2023 compared to 2022, totaling approximately 3,644 metric tons, representing about 74.4% of the global gold supply[24]. - Silver production from mines increased approximately 2% in 2023 compared to 2022, totaling approximately 842 million troy ounces, representing about 82% of the global silver supply[25]. - Gold demand in 2023 was approximately 4,448 metric tons, totaling about $277.5 billion in value, with jewelry accounting for 49% of the demand[24]. - Silver demand in 2023 was approximately 1,167 million troy ounces, totaling about $24.9 billion in value, with investments accounting for 26% of the demand[25]. Prices - The average price of gold in 2023 was $1,944 per ounce, while the average price of silver was $23.33 per ounce[27]. - The average price of gold in 2023 was $1,944 per ounce, with a high of $2,150 and a low of $1,907[27]. - The average price of silver in 2023 was $23.33 per ounce, with a high of $24.43 and a low of $22.00[27]. Safety and Compliance - The company achieved one million workhours without a lost time incident in Q2 2023, maintaining a total recordable injury frequency rate (TRIFR) of Nil (0.00) as of December 31, 2023[34]. - The total recordable injury frequency rate (TRIFR) for the trailing 12 months was 0.00, significantly below industry averages[34]. - The company is committed to adapting safety initiatives to ensure the well-being of its workforce, contractors, and visitors[34]. - The company believes it is in compliance with applicable mining, health, safety, and environmental statutes and regulations[35]. - The company is in compliance with applicable mining, health, safety, and environmental regulations in Nevada and at the federal level[35]. - The company has mandatory mine safety and health programs to ensure a safe workplace for employees and contractors[44]. Environmental Management - The company has accelerated certain reclamation activities in response to a notice of non-compliance from the Nevada Division of Environmental Protection, with no known material environmental incidents reported during 2023[39]. - The company began reclamation activities on its Crofoot leach pad in 2023 and expects to continue these activities into 2024[40]. - The company expects to treat and manage solutions in certain ponds starting in 2024 and continuing through 2026[40]. - The company has no material capital expenditures for environmental control facilities expected in 2024[39]. - The company is subject to various environmental regulations that could result in significant expenditures or potential liabilities[42]. - The company’s reclamation obligations are secured by surety bonds that meet the financial assurance requirements of the State of Nevada and the Bureau of Land Management[40]. - The company’s surface management surety bonds totaled $58.7 million as of December 31, 2023, with $58.3 million securing financial assurance requirements for the Hycroft Mine[40]. Operational Challenges - The company has not yet established its long-term production and cost structure due to incomplete engineering studies and sulfide ore processing studies[28]. - The company relies on numerous governmental permits that are difficult to obtain, which may impact operations[42]. - The company may face uncertainties regarding title matters in the mining industry, which could jeopardize its business operations[49]. - The company’s operations are subject to various federal and state laws and regulations that could require additional capital expenditures and increase operating costs[35]. Employment - The company has 78 employees as of December 31, 2023, with 69 employed at the Hycroft Mine[32].

Financial Performance - Revenues for the three months ended September 30, 2023, were $0, compared to $8,758,000 for the same period in 2022, indicating a 100% decrease[16] - Net loss for the nine months ended September 30, 2023, was $43,510,000, a slight improvement from a net loss of $46,891,000 for the same period in 2022[19] - The company reported a net loss of $15,712,000 for the quarter ended September 30, 2023[22] - The net loss for the three months ended September 30, 2023, was $15,712,000, compared to a net loss of $15,849,000 for the same period in 2022, a decrease of 0.9%[86] - The basic loss per common share for the three months ended September 30, 2023, was $(0.08), unchanged from $(0.08) in the same period of 2022[86] - Net loss for the nine months ended September 30, 2023, was $43.51 million, a decrease from a net loss of $46.89 million in the same period of 2022, representing a 5.1% improvement[19] Assets and Liabilities - Total assets decreased from $248,954,000 on December 31, 2022, to $211,813,000 as of September 30, 2023, representing a decline of approximately 15%[14] - Total liabilities increased from $185,648,000 on December 31, 2022, to $189,234,000 as of September 30, 2023, marking a rise of approximately 2%[14] - The total stockholders' equity decreased from $63,306,000 on December 31, 2022, to $22,579,000 as of September 30, 2023, a decline of approximately 64%[14] - The total debt, net, increased to $142.4 million as of September 30, 2023, from $132.7 million as of December 31, 2022[60] - The fair value of the Company's debt instruments as of September 30, 2023, was $118.6 million, compared to $130.7 million as of December 31, 2022[93] Cash Flow and Expenses - Cash and cash equivalents decreased from $141,984,000 as of December 31, 2022, to $106,911,000 as of September 30, 2023, a reduction of approximately 25%[14] - Cash flows used in operating activities for the nine months ended September 30, 2023, were $31,931,000, compared to $24,363,000 for the same period in 2022, an increase of about 31%[19] - Operating expenses for the three months ended September 30, 2023, totaled $12,455,000, compared to $11,032,000 for the same period in 2022, reflecting an increase of about 13%[16] - Cash interest paid for the nine months ended September 30, 2023, was $4,625,000, an increase from $3,858,000 for the same period in 2022[94] Inventory and Assets Management - As of September 30, 2023, the Company's net materials and supplies inventories remained stable at $2.8 million, with sufficient inventory reserves in place[39] - The total net property, plant, and equipment decreased slightly to $53.5 million as of September 30, 2023, from $54.8 million as of December 31, 2022[40] - Current prepaids and deposits increased to $3,674,000 as of September 30, 2023, compared to $2,840,000 as of December 31, 2022[38] - The Company held restricted cash of $35.1 million as of September 30, 2023, an increase from $34.0 million as of December 31, 2022[43] Stock and Equity - The balance of common stock shares outstanding increased to 202,132,839 as of September 30, 2023, from 199,770,659 as of September 30, 2022[22] - The total stockholders' equity as of September 30, 2023, was $22.579 million, a decrease from $76.115 million at the same time in 2022[22] - The total number of outstanding warrants increased to 89,722,621 as of September 30, 2023, from 81,563,197 at the end of 2022, marking a growth of 10.5%[75] - The Company issued 46,816,480 Private Placement Offering Warrants at an exercise price of $1.068, generating gross proceeds of approximately $55.9 million[71] Operational Focus and Future Plans - The company continues to focus on exploration and development of the Hycroft Mine, with a systematic approach to understand the deposit better[27] - The company plans to evaluate the impact of ASU 2022-03 on its financial statements and related disclosures, effective after December 15, 2023[36] - The company plans to continue its exploration efforts focusing on higher-grade opportunities identified during previous drilling[27] Compliance and Legal Matters - The Company is in compliance with all financial covenants under its debt agreements as of September 30, 2023[57] - The company has recorded no losses related to litigation or loss contingencies during the three and nine months ended September 30, 2023[97]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Washington, D.C. 20549 FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) (State or other jurisdiction of incorporation or organization) 4300 Water Canyon Road, Unit 1 Winnemucca, Nevada 89445 (Address of principal executive offices) (Zip code) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...