Hycroft Mining filed its 2025 10-K reporting a debt-free balance sheet with $181.7 million cash and cash equivalents, which increased to $194.1 million by February 28, 2026. Safety milestones included 1.4 million work hours without a lost-time incident and a 0.00 total recordable injury frequency rate for the third consecutive year.

Measured and indicated gold resources grew by 55% to 16.4 million ounces and silver resources to 562.6 million ounces. The company also reported an initial high-grade underground silver resource of 90.2 million ounces and metallurgical recoveries exceeding 82.8% for gold and 77.5% for silver using a pressure oxidation process.

Hycroft initiated its largest-ever exploration program with 26,000 meters of core drilling on two high-grade silver systems and 8,200 meters of RC drilling targeting heap leach material. Early Vortex results showed extensions of approximately 70 meters northwest and 90 meters down-dip, and the company eliminated a Crofoot net profits royalty for $2.5 million and acquired Crofoot sulfur and mineral rights for $1.5 million.

Effective February 27, 2026, Hycroft was added to the MSCI Small Cap Index. In 2026 the company plans to accelerate drilling, test new high-grade targets, complete trade-off studies for processing methods, carry out in-fill RC drilling for a potential heap leach restart, and advance its Preliminary Economic Assessment incorporating the expanded resource base and infrastructure redesign.