Hycroft Mining Holding Corp
HYMCBuild a strategy around HYMC
Hycroft Mining Holding Corp AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue TTM with -31M FCF burn rate; 139M cash provides ~4.5 years runway at current burn, but no path to profitability visible.[Free Cash Flow TTM]
- Debt/equity of 2.83x with 134M debt vs 47M equity; interest expense of 20.5M TTM exceeds total cash burn from operations.[Debt to Equity]
- P/B ratio of 13.7x for a pre-revenue miner with negative book value trajectory; market pricing in speculative optionality.[Price to Book Ratio]
Watch Triggers
- Cash and Equivalents: Falls below 80M — Would signal <3 years runway, likely triggering dilutive equity raise
- Total Revenue TTM: Any revenue recognition >0 — Would indicate production commencement, fundamental thesis shift
- Interest Expense TTM: Rises above 25M — Debt service consuming cash faster accelerates dilution timeline
Bull Case
139M cash (60% of assets) with minimal capex (721K TTM) preserves optionality for gold/silver price spike or strategic buyer.
Working capital of 138M (19x current liabilities) provides exceptional near-term liquidity buffer vs peers.
Bear Case
Zero revenue with 37M operating loss TTM and no clear production timeline; pure cash-burn story with dilution risk.
EV of 647M for 50M in PP&E and zero production; paying 13x book for exploration-stage assets.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Cash runway exhaustion by 2029-2030 without equity raise or asset monetization
- 31M annual FCF burn rate
- 20.5M annual interest expense
- Zero revenue generation
Valuation Context
Caveats
HYMC Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$3.99B | — | ||
$3.8B | — | ||
0.00 | — | ||
$0 | — | ||
$-1.01 | — | ||
0% | — | ||
0% | — | ||
$-105.46M | — | ||
-86.1% | — | ||
Beta 5Y (Monthly) | unknown | — |
HYMC Dividend History
HYMC Stock Splits
HYMC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/28/26 | 03/31/26 | 10-Q | |
03/03/26 | 12/31/25 | 10-K | |
10/28/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/13/25 | 03/31/25 | 10-Q | |
03/05/25 | 12/31/24 | Unknown | |
11/05/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
03/14/24 | 12/31/23 | 10-K | |
10/31/23 | 09/30/23 | 10-Q | |
07/26/23 | 06/30/23 | 10-Q | |
05/01/23 | 03/31/23 | 10-Q | |
03/28/23 | 12/31/22 | 10-K | |
11/01/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
03/31/22 | 12/31/21 | 10-K | |
11/12/21 | 09/30/21 | 10-Q | |
08/04/21 | 06/30/21 | 10-Q | |
05/17/21 | 03/31/21 | 10-Q | |
03/24/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/17/21 | 03/31/20 | 10-Q | |
05/14/21 | 12/31/19 | 10-K/A | |
11/09/20 | 09/30/19 | 10-Q | |
08/10/20 | 06/30/19 | 10-Q |