The Hycroft gold and silver mine is located in the Sulfur Mining District, 54 miles west of Winnemucca, and straddles Humboldt and Pershing counties, in Nevada. The mine is accessible year-round via Nevada State Route 49 (Jungo Road). The mine encompasses approximately 64,000 acres, including both patented and unpatented claims.
In March 2023, Hycroft completed an Initial Assessment on the Hycroft Mine. Gold Mineral Resources at Hycroft are estimated to be 10.6 million ounces of Measured & Indicated (“M&I”) and 3.4 million ounces of Inferred. Silver Mineral Resources are estimated to be 361.0 million ounces of Measured & Indicated and 96.0 million ounces of Inferred. Hycroft has a long and successful history of oxide heap leaching operations. Today, the company is focused on completing the technical studies to transition Hycroft into a large-scale milling operation for processing the sulfide ore. In addition, the Company is engaged in a robust exploration drill program targeting higher-grade material identified through its work in 2021 and 2022. The Hycroft mine is permitted for both heap leach and milling operations and currently has extensive infrastructure on-site, including crushing facilities, leach pad capacity, and two Merrill Crowe plants with refinery.
Statement of Mineral Resources (at March 27, 2023)
- Mineral resources based on metal prices of $1,900/oz Au and $24.50/oz Ag.
- Cutoffs are income – process cost = NPR = NSR – Process OpEx.
- Numbers may not match exactly due to rounding.
- Mineral resources are contained within a computer-generated optimized pit.
- All units are metric. Gold and silver grades are in grams / metric ton