By Dudley Pierce Baker
Founder – Editor
Common Stock Warrants
I recently had the privilege of interviewing Jason Mudrick of Mudrick Capital Acquisition Corp (MUDS) and their recent merger with Hycroft Mining now trading on the Nasdaq as HYMC and HYMCW.
We were joined in the interview with Jeff Baker, my son, an economic geologist as well as David Kirsch, Chairman of the Board of Hycroft Mining.
Hycroft Mining will be announcing its Second Quarter financials on August 10, 2020.
We trust you will enjoy our interview and encourage you to share with other like-minded investors.
Hycroft Mining Holding Corporation (HYMC) is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life.
Hycroft Restart and Future Growth
Interested investors should visit Hycroft’s recently updated Corporate Presentation as of July 2020
Hycroft Mine Overview
Senior-scale asset with expected average annual production of approximately 366 koz Au Eq.(1)
Management has developed a “capital light” restart plan that is being executed in 2020 after which the mine will be begin to ramp up to Feasibility Study production levels
Mining has been ongoing for over a year
Hycroft has fully constructed mine and processing facilities
Crusher commissioning completed
All operating and environmental permits are in place for initial mining and heap leach operations, with EIS recently approved
Proprietary process(2) oxidizes sulfides prior to leaching
Successful recoveries in excess of 80% have been demonstrated(3)
Hycroft ranks among the 25 largest gold deposits in the world based on resource size, and the second largest in the U.S.
34-year mine life provides strong leverage to gold and silver prices, with expected production approximately 366 payable gold equivalent koz per year, including an average of over 10 moz Ag annually
Potential resource conversion provides additional production upside and mine life extension
Substantial scale will appeal to senior producers once project has demonstrated economics/production success
There are now over 100 SPAC’s (Blank-Check companies), in our stock warrant databases, all are searching for a Merger partner or Acquisition and all have stock warrants trading in addition to hundreds of other warrants trading in all industries and sectors.