Billionaire Eric Sprott Adds 200,000 Hycroft Mining Shares for $9.2 Million, Bringing Ownership to 40%

Core Insights - Eric Sprott executed an open-market purchase of 200,000 shares of Hycroft Mining Holding Corporation for approximately $9.2 million, increasing his indirect ownership to over 40% of the company [1][9] - The transaction reflects a smaller incremental addition to Sprott's holdings, representing only 0.55% of his total indirect shares [7] Transaction Summary - Shares traded: 200,000 [2] - Transaction value: $9.2 million [2] - Post-transaction indirect shares held: 36,753,704 [2] Company Overview - Current share price (as of January 29, 2026): $45.73 [4] - Market capitalization: $2.98 billion [4] - Net income (TTM): -$45.61 million [4] - 1-year price change: 2,080% [4] Company Operations - Hycroft Mining operates the Hycroft mine in Nevada, focusing on gold and silver production across approximately 70,671 acres [8] - The company has measured and indicated mineral resources of 9.6 million ounces of gold and 446.0 million ounces of silver [8] - Revenue is primarily generated from the extraction and sale of gold and silver, targeting commodity buyers and industrial customers [8] Ownership Structure - All shares are held through Sprott Mining Inc., which is fully owned by 2176423 Ontario Ltd, ultimately controlled by Eric Sprott [7] - Sprott has invested over $225 million in Hycroft since June 2025, with shares increasing significantly due to rising gold and silver prices [9] Historical Context - In December 2025, AMC Entertainment sold around 80% of its equity stake in Hycroft to Sprott Mining for $24.1 million, following Sprott's advice to diversify [10]