$10 Billion NPV Revealed for Hycroft Mine in New Technical Report
HYMC has more than doubled off its 52-week low of $2.93.
Summary
Hycroft Mining released an S-K 1300 Technical Report Summary and Initial Assessment, outlining a post-tax Net Present Value (NPV5) of $10.0 billion at spot commodity prices, with a 30.1% Internal Rate of Return (IRR). At base case prices, the post-tax NPV5 is $4.3 billion with a 16.9% IRR. This report follows a series of positive exploration updates and resource increases, including a 55% increase in gold resources to 16.4 million ounces announced on April 28th. The $10 billion NPV at spot prices is over three times the company's current market capitalization, indicating substantial potential value for its 51-year mine life. The company is continuing its drilling campaign at Brimstone and Vortex, which could further expand resources.
At the time of this announcement, HYMC was trading at $34.65 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $2.93 to $58.73. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.