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Sunday, July 3, 2022

Hycroft Mining Holding Corporation (HYMC) stock rebounded in the after-hours. Here’s why

Hycroft Mining Holding Corporation (HYMC) stock remained bearish in the last regular trading session. HYMC stock lost 3.77% of its value during the recently traded session and was trading at $2.3 before closing the session. HYMC stock rebounded in the after-market and continued to follow a bullish path. The stock added 4.78% to its value to $2.41 during the after-hours. Hycroft Mining filed form 10-K with the SEC on 31 March 2022. Form 10-K alludes to the yearly report. HYMC also completed the market equity offering program successfully.


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Hycroft Mining Holding Corp participates in the examination, mining, and headway of gold and silver properties. The firm has a market cap of $138.94 million. Moreover, HYMC has its headquarters in Winnemucca, Nevada.

HYMC News

On 31 March 2022, HYMC filed the yearly report for the fiscal year 2021. The firm provided significant updates regarding the year which concluded on 31 December 2021. Gold production surpassed the direction range and posted the production of 57.6 thousand ounces in FY2021. While the production of silver fell short by 20% of the guidance given and posted the production of 0.35 million ounces. Moreover, HYMC will carry out the processing of leach pad ores in Q2 of the fiscal year 2022. At an average price per ounce for gold, the company reported the revenue from gold to be $100.5 million whereas, at an average price per ounce for silver, HYMC posted the revenue from silver to be $10.2 million. Collectively, the total revenue posted was $110.7 million in FY2021. Further, the firm’s total loss during the fiscal year 2021 was $88.5 million, as per the yearly report.

The firm also took significant steps to nourish the financial position of the company. The organization finished a private arrangement with Eric Sprott and AMC Theaters for all-out gross returns of $55.9 million. HYMC finished an at-the-market value offering program for total returns of $138.6 million. Moreover, the organization has recaptured consistency with the Nasdaq least bid cost.

Conclusion

HYMC’s stock price rebounded in the after-hours after the yearly report. The firm made notable achievements in FY2021 which instigated the investor’s sentiments and played an active role in the remarkable improvement in the stock price during the after-hours. As of late, AMC bought a 22% stake in Hycroft Mining Holding Corporation (HYMC). This activity by AMC also played a vital role and helped the stock to bounce back in the after-market.

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