Hycroft Mining Holding Corporation

NasdaqCM:HYMC Voorraadrapport

Marktkapitalisatie: US$3.6b

Hycroft Mining Holding Beheer

Beheer criteriumcontroles 3/4

De CEO Hycroft Mining Holding is Diane Garrett, benoemd in Sep2020, heeft een ambtstermijn van 5.67 jaar. De totale jaarlijkse vergoeding van { bedraagt $ 1.67M, bestaande uit 35.9% salaris en 64.1% bonussen, inclusief aandelen en opties van het bedrijf. bezit rechtstreeks 0.23% van de aandelen van het bedrijf, ter waarde $ 8.49M. De gemiddelde ambtstermijn van het managementteam en de raad van bestuur bedraagt respectievelijk 3.5 jaar en 5.3 jaar.

Belangrijke informatie

Diane Garrett

Algemeen directeur

US$1.7m

Totale compensatie

Percentage CEO-salaris35.91%
Dienstverband CEO5.7yrs
Eigendom CEO0.2%
Management gemiddelde ambtstermijn3.5yrs
Gemiddelde ambtstermijn bestuur5.3yrs

Recente managementupdates

Recent updates

Analyse-artikel • Jul 13

Hycroft Mining Holding (NASDAQ:HYMC) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyse-artikel • Apr 17

Hycroft Mining Holding Corporation's (NASDAQ:HYMC) Popularity With Investors Is Under Threat From Overpricing

When you see that almost half of the companies in the Metals and Mining industry in the United States have...
Analyse-artikel • Dec 07

Hycroft Mining Holding (NASDAQ:HYMC) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Aug 09

Hycroft Mining Seems To Be Stalling The Development Of Its Flagship Project

Hycroft Mining booked a loss from operations of $20.5 million in H1 2022, but it still had $157.8 million in the bank as of June. Yet, the company is focusing on drilling out the Hycroft Mine instead of proceeding to the construction stage. In my view, this is a sign that there is little confidence that technical challenges can be successfully overcome and is costing the company a lot of momentum. Introduction In March, I wrote a bearish article on a small gold miner named Hycroft Mining Holding Corporation (HYMC) in which I said that its shares seemed to have attracted significant retail investor interest and that the share price was likely to return to below $0.30 in the near future. Shortly after that, Hycroft Mining became a meme stock as movie theater chain AMC Entertainment (AMC) and mining investor Eric Sprott announced they are each investing $27.9 million in cash in Hycroft in exchange for 23,408,240 shares. In addition, AMC and Sprott each got 23.4 million warrants exercisable at $1.07 per share. This deal has strengthened the balance sheet of Hycroft Mining and the share price has been holding up above $1.00 since then. However, I think that the H1 2022 financial results of Hycroft Mining look underwhelming and that the company seems to be stalling the development of its flagship project. With momentum being lost, I think it's just a matter of time before its share price returns back below $0.30 per share. Let's review. Overview of the latest developments In case you haven't read my previous articles on Hycroft Mining, here's a quick description of the business. The company's main asset is a gold and silver project in the northern part of the state of Nevada named Hycroft Mine which has measured and indicated resources of 9.65 million ounces of gold and 446 million ounces of silver. However, you can notice from the table below that the grades are pretty low and that almost all of the material is sulfide, which is usually technically challenging to process. Hycroft Mining The company has a pre-commercial scale direct leaching run-of-mine ((ROM)) operation at the site which is expected to proceed through the end of 2022. In H1 2022, Hycroft Mine produced a total of 10,924 ounces of gold and 30,515 ounces of silver. However, this ROM operation is bringing in less and less revenue each quarter and is unprofitable at the moment. In H1 2022, Hycroft Mining sold 6,740 ounces of gold and 16,879 ounces of silver for $13 million but production and mine site period costs came in at $22.2 million. The loss from operations for the period was $20.5 million, which represents an increase of 10.6% year-on-year. In addition, Hycroft Mining had interest expenses of another $9.5 million. Hycroft Mining Looking at the future of the Hycroft Mine project, the company released a heap leaching feasibility study in 2019 which showed that a relatively modest initial CAPEX of about $230 million would deliver a mine with a net present value of over $2 billion at $1,300 per ounce of gold. At today's price of gold of around $1,800 per ounce, the NPV stands at around $4 billion. Hycroft Mining However, you should take these figures with a grain of salt. You see, refractory sulfide gold ores need to be processed using sophisticated treatment methods. Hycroft Mining's plan to solve this issue is to use iron (as ferric chloride) in the oxidation solutions but this is an unproven technology and there are several technical challenges that need to be addressed. Hycroft Mining In light of this, I find it unsurprising that Hycroft Mining is not proceeding with the construction of the mine despite finally having the funds to do so. You see, the company had $157.8 million in the bank as of June 2022 as it completed a $138.6 million at-the market equity offering program shortly after its deal with AMC and Sprott. Hycroft Mining Yet, Hycroft Mining's focus at the moment is on an exploration program that includes infill drilling as well as 100,000 feet of RC drilling and 25,000 feet of core drilling. I've never seen a mining company with a feasibility study stage project embark on such a large drilling program instead of proceeding to the construction phase which leads me to think that there is little confidence that the Hycroft Mine can be built and put into commercial operation without a hitch. Another issue for investors is that the market valuations of exploration and development stage mining companies are mainly driven by momentum, and this is being lost here. And it's not like Hycroft Mining can afford to delay the construction of its mine for long as almost all its debt has to be repaid in 2027. Hycroft Mining Overall, I think that Hycroft Mining is in trouble despite raising almost $200 million in equity over the past year as the company's annualized loss from operations is about $40 million and it doesn't seem to have the confidence in its technology to put the Hycroft Mine into commercial production. In my view, the most likely scenario at the moment is that Hycroft Mining continues to bleed cash over the next few years before getting into a liquidity crisis in 2027. With momentum gradually being lost, this could result in a significant decrease in the company's market valuation. I'm bearish on Hycroft Mining and data from Fintel shows that the short borrow fee rate stands at 8.92% as of the time of writing. However, hedging seems tough here as long-dated call options are expensive at the moment. Seeking Alpha
Analyse-artikel • Jun 17

Is Hycroft Mining Holding (NASDAQ:HYMC) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Seeking Alpha • May 23

I Like Hycroft Mining, It's A Great Story

Hycroft is a great story and I like good stories. Bombed out mine to meme stock to AMC investment and then... Well, that's the thing, isn't it, what comes next?
Seeking Alpha • Mar 11

Hycroft Mining - Retail Investor Interest Seems Misplaced And I'm Bearish

Gold prices are rising due to the Russia-Ukraine conflict and Hycroft Mining seems to have attracted significant retail investor interest. The company has over 22 million ounces of gold equivalent resources and its valuation has quintupled this week. However, Hycroft Mining has a high debt load and is in pre-commercial scale operations, which means that it’s in trouble financially and won’t benefit much from high gold prices. In my view, retail investors should eventually realize their mistake, or the company could take advantage of the situation and carry out a capital increase to strengthen its balance sheet.
Seeking Alpha • Jul 07

Hycroft Mining Has A Lot Of Gold But There Are Many Red Flags

The company’s flagship project has reserves of 11.9 million ounces of gold and 478.5 million ounces of silver. The after-tax net present value is $2.1 billion at $1,300 per ounce of gold and more than $4 billion at today’s gold prices. However, the grades are very low and most of the remaining material is sulfide, which could lead to a lot of technical issues. Hycroft Mining also had a $116.8 million net debt as of March 2021 and the red flags seem too many. I think that the company is heading to a funding shortfall, which likely means stock dilution. I’m bearish.
Analyse-artikel • Mar 25

Hycroft Mining Holding (NASDAQ:HYMC) Is Making Moderate Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analyse-artikel • Feb 10

Have Insiders Been Buying Hycroft Mining Holding Corporation (NASDAQ:HYMC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Analyse-artikel • Dec 19

Loss-Making Hycroft Mining Holding Corporation (NASDAQ:HYMC) Expected To Breakeven In The Medium-Term

We feel now is a pretty good time to analyse Hycroft Mining Holding Corporation's ( NASDAQ:HYMC ) business as it...

Analyse CEO-vergoeding

Hoe is Diane Garrett's beloning veranderd ten opzichte van Hycroft Mining Holding's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
Mar 31 2026n/an/a

-US$77m

Dec 31 2025US$2mUS$600k

-US$41m

Sep 30 2025n/an/a

-US$46m

Jun 30 2025n/an/a

-US$50m

Mar 31 2025n/an/a

-US$52m

Dec 31 2024US$1mUS$600k

-US$61m

Sep 30 2024n/an/a

-US$60m

Jun 30 2024n/an/a

-US$61m

Mar 31 2024n/an/a

-US$62m

Dec 31 2023US$2mUS$600k

-US$55m

Sep 30 2023n/an/a

-US$57m

Jun 30 2023n/an/a

-US$58m

Mar 31 2023n/an/a

-US$53m

Dec 31 2022US$2mUS$588k

-US$61m

Sep 30 2022n/an/a

-US$94m

Jun 30 2022n/an/a

-US$101m

Mar 31 2022n/an/a

-US$101m

Dec 31 2021US$2mUS$550k

-US$89m

Sep 30 2021n/an/a

-US$60m

Jun 30 2021n/an/a

-US$69m

Mar 31 2021n/an/a

-US$111m

Dec 31 2020US$2mUS$173k

-US$136m

Compensatie versus markt: De totale vergoeding ($USD 1.67M ) Diane } ligt onder het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 7.18M ).

Compensatie versus inkomsten: De vergoeding van Diane is gestegen terwijl het bedrijf verliesgevend is.

CEO

Diane Garrett (65 yo)

5.7yrs
Tenure
US$1,670,806
Compensatie

Dr. Diane Renee Garrett, MA, M.Sc., Ph D., Mineral Economics, Eng., serves as director at Hycroft Mining Holding Corporation since September 8, 2020. She has been Chief Executive Officer and President of H...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
Diane Garrett
President5.7yrsUS$1.67m0.23%
$ 8.5m
Stanton Rideout
Executive VP & CFO5.6yrsUS$1.03m0.068%
$ 2.5m
David Thomas
Senior VP of Operations & GM3.3yrsUS$659.51k0.019%
$ 673.5k
Rebecca Jennings
Senior VP3.6yrsUS$685.08k0.24%
$ 8.6m
Eric Colby
Executive Vice President of Corporate Developmentless than a yeargeen gegevensgeen gegevens
Alex Davidson
Vice President of Explorationno datageen gegevensgeen gegevens
Lily He
Vice President of Finance & Treasury3.3yrsgeen gegevensgeen gegevens
3.5yrs
Gemiddelde duur
65yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van HYMC wordt beschouwd als ervaren (gemiddelde ambtstermijn 3.5 jaar).

Bestuursleden

NaamPositieTenureCompensatieEigendom
Diane Garrett
President5.7yrsUS$1.67m0.23%
$ 8.5m
Stephen Lang
Independent Director5yrsUS$156.31k0.097%
$ 3.5m
David Naccarati
Independent Director5yrsUS$154.63k0.070%
$ 2.5m
Michael Harrison
Independent Director6yrsUS$142.50k0.071%
$ 2.6m
Thomas Weng
Independent Chairman of the Board6yrsUS$219.17k0.039%
$ 1.4m
Sean Goodman
Independent Director4.1yrsUS$145.25kgeen gegevens
5.3yrs
Gemiddelde duur
62.5yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van HYMC wordt beschouwd als ervaren (gemiddelde ambtstermijn 5.3 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2026/05/07 07:50
Aandelenkoers aan het einde van de dag2026/05/07 00:00
Inkomsten2026/03/31
Jaarlijkse inkomsten2025/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Hycroft Mining Holding Corporation wordt gevolgd door 15 analisten. 1 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Michael KozakATB Cormark Historical (Cormark Securities)
Matthew MurphyBMO Capital Markets Equity Research
David Charles ForsterBofA Global Research