Hycroft Mining Holding Corporation announced its second quarter 2025 results and filed its Form 10-Q on July 31, 2025. The company reported a net loss of $23.50 million for the first half of 2025, an improvement from the $33.93 million loss in the same period of 2024.
Cash and cash equivalents increased to $68.77 million as of June 30, 2025, up from $49.56 million at December 31, 2024. This increase was primarily driven by $40.76 million in net cash from financing activities during H1 2025, largely from a public offering.
Post-period, an additional $4.3 million was raised from an over-allotment option exercise in July 2025, bringing total net proceeds from the offering to approximately $45.0 million. The company also maintained a Total Recordable Injury Frequency Rate of 0.00 for more than two and a half consecutive years.
Exploration and development costs decreased to $5.34 million in H1 2025 from $9.96 million in H1 2024, while mine site costs remained consistent at approximately $5.15 million. Hycroft remains in compliance with its debt covenants, maintaining unrestricted cash above $15.0 million and working capital above $10.0 million.
The company is commencing its 2025-2026 Exploration Drill Program in early August and continues to evaluate the technical and economic aspects of oxide mineralization for potential mining and leaching operations.
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