New York, February 19, 2026, 06:49 (EST) — Premarket
- HYMC tacked on roughly 2.6% premarket, building on its 21% surge from the previous session.
- Hycroft reported its independent review bumped up measured and indicated resources to 16.4 million ounces of gold and 562.6 million ounces of silver.
- Investors are digging into processing assumptions, eyeing how these fit into the broader economic build plan.
Hycroft Mining Holding Corp shares jumped again in Thursday’s premarket session, adding to their recent surge following news of a significant boost to the company’s Nevada gold and silver resource estimate.
Shares climbed roughly 2.6% to $41.72 after Wednesday’s 21.1% surge, which saw the stock end at $40.68 following a session that swung between $35.09 and $43.71. (StockAnalysis)
Why now? Hycroft remains deep in its toughest stretch: technical studies, lab tests, and the methodical slog to show its processing plan is up to the task of moving a big deposit to full-scale production. One resource update, though, and the numbers move quickly—shifting lender, partner, and shareholder talks almost overnight.
Hycroft, headquartered in Winnemucca, Nevada, is pushing ahead with exploration and development at the Hycroft Mine. The company says it’s shifting its focus from its historical oxide heap-leach operations, setting its sights on studies for a milling operation designed to process tougher sulfide ore.
The company’s latest update puts measured and indicated resources at 16.4 million ounces of gold and 562.6 million ounces of silver as of Jan. 21, according to a release. Chief executive Diane Garrett described the move as “approximately 55% growth” for those categories. The company also pointed to a measured and indicated high-grade silver resource coming in at 90.2 million ounces. (Hycroft Mining)
The company’s update factors in metallurgical studies, data from 70 completed drill holes, plus fresh geological modeling. Gold is priced at $3,100 an ounce in their assumptions, with silver at $36.
The company reported that its flowsheet combining milling and pressure oxidation (POX)—the high-pressure process applied to sulfide ore before leaching—achieved total gold recoveries around 83% and silver at 78%. Heap leaching remains the plan for oxide ore. “At least three distinct mineralizing events at Brimstone,” noted exploration vice-president Alex Davidson. Hycroft added that drill results from its 2025–2026 campaign weren’t factored into the estimate. (PR Newswire)
Hycroft, in an 8-K filed Wednesday, said its technical report summary—done under SEC subpart 1300 mining rules—relates to the initial assessment for the Hycroft Mine. The company also included its news release and highlighted an updated corporate presentation with the report. (SEC)
Measured and indicated resources represent more reliable estimates of material in the ground, though they fall short of being classified as mineral reserves—which call for rigorous economic analysis and operating assumptions. An initial assessment is just a first-pass economic study; its findings usually shift as engineering firms refine costs and tighten up the numbers.
The stock’s wild swing on Wednesday and sharp move higher have traders eyeing the open for any follow-through, especially if trading volume drops off. Investors, meanwhile, are set to dissect the processing assumptions, hunting for hints on capital needs and just how much more test work Hycroft faces before it can pin down a financing plan.
The risks are hard to ignore. Resource estimates shift with price moves, model tweaks, even small changes in cutoffs—and none of that assures Hycroft can mine the deposit for a profit at scale. The company itself points to a raft of uncertainties, including no finished feasibility study and volatile gold and silver prices. (Junior Mining Network)
Right now, traders are watching to see if the resource headline prompts lasting buying. They’re also combing through the technical report and deck for clues on costs, processing plans, and timing.
