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Thursday, May 19, 2022

SEC Filing: Hycroft Mining Holding Corp. (HYMC) Stock Jumped After Hours

Hycroft Mining Holding Corp. (HYMC) is a major producer of gold and silver via its mines located in the Northern Nevada mining region. The mine is ranked amongst the 20 largest and top global gold deposits and is the second major in the US.


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HYMC stock price during the regular trading of March 17, 2022, inclined by 0.73% to be $1.38. Its price further rose at the time of writing in the aftermarket session by 10.1%.

HYMC: Events and Happenings

On March 17, 2022, HYMC announced the filing of Form SC 13D/A with the SEC. On March 15, 2022, HYMC reported an equity private placement worth $56 million with AMC Entertainment Holdings, Inc., and valuable metals investor Eric Sprott. On February 22, 2022, HYMC updated on providing the initial 2021 operating results and outcomes of a preliminary assessment for its project.

On December 15, 2021, HYMC informed the press regarding the appointment of Diane R. Garrett as the Acting Chairman of its Board and Thomas Weng as the lead independent director with immediate effect. Eugene Davis had resigned as Chairman and Board of Directors member.

HYMC: Key Financials

On November 12, 2021, HYMC issued its unaudited and consolidated financials for the third quarter ended September 30, 2021. Some of the main points are discussed below.

Revenue

Revenues in Q3 2021 were $31.6 million versus $12.2 million in the same period in 2020. The company’s revenues increased by $19.3 million YoY and it surpassed the revenue estimates by $926 thousand.

EPS

Per-share basic and diluted net loss in the third quarter of 2021 was $23.2 million or $0.39 comparable to $32.2 million or $0.64 in the same quarter of 2020. Its earnings gained considerably YoY and the actual EPS remained in line with the estimations.

Conclusion

HYMC stock outperformed by 122% in the year-to-date period. The recent gain in the aftermarket is the probable outcome of the recent SEC filing by the company of Form SC 13D/A. The company is also gearing for its financial release and the EPS estimations are -$0.06 against $19 million revenue.

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