Precious Metals Exploration and Development
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Hycroft Files Third Quarter 2025 10-Q and Provides Corporate Update
Prnewswire· 2025-10-28 10:45
Core Viewpoint - Hycroft Mining Holding Corporation has successfully eliminated its debt and strengthened its balance sheet, positioning itself to pursue growth opportunities and enhance long-term value creation [2][5]. Corporate Highlights - The company raised $235 million in net cash proceeds through various equity offerings and eliminated approximately $136 million of total indebtedness, resulting in a debt-free status [5]. - Approximately 80% of Hycroft's outstanding shares are now held by institutional investors within the global mining sector, expanding its shareholder base [5]. Operational Highlights - Hycroft has maintained a 0.00 Total Recordable Incident Frequency Rate (TRIFR) for three years, operating over 1.4 million man-hours without a Lost Time Incident [5]. - The company received safety awards, including MSHA's 2024 Certificate of Achievement in Safety Award and Nevada Mining Association's 2025 Operator Safety Award [5]. Environmental and Exploration Efforts - Hycroft has maintained an excellent environmental record and is committed to environmental stewardship [5]. - The company initiated a 2025-2026 Exploration Drill Program, focusing on high-grade silver zones, with an initial plan of 14,500 meters of core drilling [5]. - As of September 30, 2025, approximately 2,450 meters of drilling have been completed, with plans to expand the program due to recent financing [5]. Technical Studies - The company advanced metallurgical and engineering work for designing a sulfide milling operation, showing higher gold and silver recoveries compared to previous reports [5][6]. - Ongoing roasting test work aims to determine optimal operating parameters and project design for potential revenue generation through sulfuric acid production [6]. Future Plans - Considering strong gold and silver prices, the company is evaluating the re-start of a heap leaching operation within the permitted plan [9].
Hycroft Files Second Quarter 2025 10-Q and Provides Corporate Update
Prnewswire· 2025-07-31 11:00
Core Insights - Hycroft Mining Holding Corporation reported significant advancements in its operations during the second quarter of 2025, focusing on technical studies and exploration drilling to leverage opportunities identified in 2024 [2][5]. Corporate Highlights - The company completed a public offering of Units, raising $40.7 million in cash in June 2025, with total proceeds increasing to approximately $45.0 million after the exercise of the over-allotment option in July 2025 [5]. - Eric Sprott's 2176423 Ontario Ltd. increased its ownership in the company from 7% to 22%, and around 15 new institutions joined the shareholder registry [5]. - The company ended the second quarter with unrestricted cash of $68.8 million, restricted cash of $30.0 million, and total debt of $131.0 million [6]. Operational Highlights - The 2025-2026 Exploration Drill Program will focus on expanding high-grade silver systems, with 14,500 meters of core drilling planned, alongside geophysics and geochemistry programs [5]. - Continued metallurgical and variability test work for pressure oxidation and roasting of sulfide concentrate is ongoing, with results expected mid-summer [5][7]. - The company is evaluating the potential to initiate a heap leach operation as an early-stage development ahead of the planned milling operation due to strong gold and silver prices [5]. Safety and Environmental Performance - Hycroft received the 2025 first place NVMA Operator Safety Award for small surface mines, maintaining a 0.00 TRIFR for over two and a half years [6]. - The company has an impeccable environmental record and has been recognized for successful reclamation efforts [6]. Exploration and Technical Studies - The company advanced its geologic model in the first half of 2025 by incorporating new silver systems and structural data, which will guide the next phase of drilling starting in August 2025 [6]. - Ongoing studies are focused on optimizing processing methods for a potential sulfide milling operation, with a technical study expected to be complete in the fourth quarter of 2025 [7].
Paramount Gold Receives Permit Extension from Malheur County for its Proposed Grassy Mountain Underground Mine
Globenewswire· 2025-07-28 11:00
Core Insights - Paramount Gold Nevada Corp. has received a two-year extension for its Conditional Use Permit and Sage Grouse Permit, facilitating the development of the Grassy Mountain project [1][2] - The CEO of Paramount expressed gratitude for the support from Malheur County and emphasized the company's commitment to collaborate with federal and state agencies for final permitting [2] - Paramount holds a 100% interest in three projects: Grassy Mountain, Sleeper, and Bald Peak, with Grassy Mountain being a significant gold-silver deposit [3][4] Project Details - The Grassy Mountain Gold Project spans approximately 8,200 acres and is located on private and BLM land in Malheur County, Oregon, with a positive Feasibility Study already released [3] - The Sleeper Gold Project, located in Northern Nevada, includes the former producing Sleeper mine and consists of 2,474 unpatented mining claims covering about 44,917 acres [4] - The Bald Peak Project in Nevada is drill-ready and encompasses approximately 2,260 acres [4]
Pinnacle Silver and Gold Corp. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025
Newsfile· 2025-05-29 21:00
Company Overview - Pinnacle Silver and Gold Corp. is focused on district-scale exploration for precious metals in the Americas, with a recent acquisition of the high-grade gold-silver El Potrero Project in Durango, Mexico, presenting opportunities for near-term resource development and production [4] - The company has a proven business model of restarting past-producing mines and aims to build long-term sustainable value for shareholders [4] - Pinnacle owns two highly prospective gold projects in the Red Lake Mining Division of Northwestern Ontario, located near the Springpole Gold Deposit under development by First Mining Gold [4] Event Participation - Pinnacle Silver and Gold Corp. will participate in THE Mining Investment Event, taking place from June 3-5, 2025, at the Quebec Convention Centre, Canada [1] - Management will be available to meet with investors throughout the three-day conference [2] - The event is designed to facilitate meetings between mining companies, international investors, and mining government authorities, showcasing influential thought leaders in the sector [5] Industry Engagement - The event aims to promote diversity, equality, and sustainability in the mining industry through education and innovation, including initiatives like Student Sponsorship and SHE-Co [6] - The global audience attracted by THE Event provides a unique opportunity for industry leaders and innovators to engage in discussions that will shape the future of the mining sector [3]