One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Hycroft Mining Holding Corporation
HYMC · NCM · Basic Materials · Gold
Current price
$18.87
52-week range
$7.69 - $58.73
Market cap
$1.76B
Balance sheet
Healthy
-4.09x Concerning
Net cash $211.38M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation mines for gold and silver. The money they make primarily comes from selling these precious metals dug out of their Nevada mine. This matters because it means their income is directly tied to the price of gold and silver on the market.
How the company got here
Hycroft Mining Holding Corporation is a company focused on extracting gold and silver. It operates the Hycroft Mine, a large deposit located in Nevada. The company has a history of heap leach operations, a method for extracting metals from ore using a chemical solution. Recently, Hycroft has been undergoing a significant transformation. This included eliminating substantial debt, which improved its financial health and attracted institutional investors. The company is now shifting its focus from exploration to developing processes for extracting metals from sulfide ores, which are more complex to process than oxide ores. This strategic pivot aims to unlock the full potential of the Hycroft Mine.
What it actually does
Hycroft Mining Holding Corporation explores for and develops gold and silver. Its primary asset is the Hycroft Mine in Nevada, which is one of the largest gold and silver deposits in the world. The company's work involves exploring the land to find valuable mineral deposits, assessing the quantity and quality of these resources, and developing methods to extract the gold and silver. These precious metals are then sold for use in various industries, including jewelry, electronics, and investment.
Hycroft Mine
The Hycroft Mine is the company's main operational area and its sole source of revenue. This vast site in northern Nevada contains significant gold and silver deposits. Historically, the mine has used heap leaching, a process where a chemical solution is used to dissolve metals from crushed ore piled on a liner. Hycroft is now advancing to process sulfide mineralization, which requires more complex milling and processing techniques. The company is also actively exploring new areas within the mine's large land package, seeking to expand existing resources and discover new high-grade deposits.
What management is betting on now
Hycroft's management is focused on transforming the Hycroft Mine into a large-scale production operation. A key strategy is advancing the processing of sulfide ores using methods like pressure oxidation (POX) and milling, which are expected to yield higher metal recoveries than previous methods. They are also heavily investing in exploration to expand known high-grade silver systems, such as Brimstone and Vortex, and to identify new potential deposits. This strategy is supported by a strengthened balance sheet, with all debt eliminated, providing the financial flexibility to fund these development and exploration efforts over the next several years.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-8.37M
FY2025 Q1
$-9.87M
FY2025 Q2
$-9.25M
FY2025 Q3
$-3.49M
FY2025 Q4
$-60.83M
FY2026 Q1
$-31.89M
FY2026 Q2
$-13.02M
FY2026 Q3
$-8.26M
Revenue
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Net income
$-26.14M
Diluted EPS
-0.28
Operating cash flow
$-7.66M
Free cash flow
$-8.26M
Fetching…
Sources
Revenue
—
Net income
$-20.75M
Diluted EPS
-0.23
Operating cash flow
$-12.75M
Free cash flow
$-13.02M
Fetching…
Sources
Revenue
—
Net income
$-48.29M
Diluted EPS
-0.54
Operating cash flow
$-31.31M
Free cash flow
$-31.89M
Fetching…
Sources
Revenue
—
Net income
$-7.79M
Diluted EPS
0.18
Operating cash flow
$-60.72M
Free cash flow
$-60.83M
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Sources
Revenue
—
Net income
$-9.38M
Diluted EPS
-0.22
Operating cash flow
$-3.44M
Free cash flow
$-3.49M
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Sources
Revenue
—
Net income
$-11.74M
Diluted EPS
-0.43
Operating cash flow
$-9.02M
Free cash flow
$-9.25M
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Sources
Revenue
—
Net income
$-11.76M
Diluted EPS
-0.47
Operating cash flow
$-9.70M
Free cash flow
$-9.87M
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Sources
Revenue
—
Net income
$-12.74M
Diluted EPS
-0.47
Operating cash flow
$-8.10M
Free cash flow
$-8.37M
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Sources
Is it cheap or expensive?
Fair value — vs current price $18.87
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $211.4M - more cash than debt. Interest coverage -4.1x.
Net debt
$-211.38M
Interest coverage
-4.09x
Hycroft Mining Holding Corporation's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
HYMC
BASELINE
Hycroft Mining Holding Corporation
Total debt $15.00K Interest coverage -4.09x This is the baseline the peer rows are being compared against.
Total debt $704.93M Interest coverage -3.42x Neither company has much profit cushion over interest right now.
Total debt $709.32M Interest coverage 27.14x This peer still has a real interest-payment cushion, while HYMC does not.
Total debt $2.37M Interest coverage 32.21x This peer still has a real interest-payment cushion, while HYMC does not.
What you should know
The case for and against HYMC
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -72.3% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-26.58x
P/B
7.40x
P/S
—
EV/EBITDA
-15.08x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-72.3%
ROA
-29.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
13.54x
Quick ratio
13.23x
Total debt
$15.00K
Total cash
$211.40M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-0.94
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-112.44M
Free CF TTM
$-83.44M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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