Hycroft Mining Holding Corporation announced that its 2025‑2026 exploration program produced the highest silver grades to date in the Vortex system, with intercepts ranging from 960 g/t to 1,545 g/t Ag and gold grades up to 26.4 g/t Au. The drill program extended the mineralization 35 m west of the previous intercept, confirming the system’s lateral continuity and suggesting a larger, more robust resource.
The new grades are a dramatic increase over the Vortex system’s historical performance. Prior drill results had produced silver grades in the 200‑400 g/t range, so the 1,545 g/t intercept represents a more than three‑fold jump. This leap places Hycroft among the few producers with sub‑kilogram‑per‑tonne silver grades, a benchmark that can materially improve the mine’s economics if confirmed at scale.
The 35‑meter extension demonstrates that the Vortex system remains open in all directions and at depth, a key indicator that the high‑grade zone could be larger than previously understood. Management highlighted that the new intercepts are part of a broader strategy to unlock the company’s world‑class silver potential and to support the transition from heap leaching to a large‑scale milling operation for sulfide ore.
Investor reaction was swift and enthusiastic. The company’s shares surged more than 49% on the day of the announcement, reflecting market confidence that the record grades could translate into a significant increase in the mine’s silver resource base and overall value. Analysts noted that the high grades, coupled with the confirmed lateral continuity, are the primary drivers of the positive market response.
Management emphasized that the results reinforce Hycroft’s focus on high‑grade exploration and the company’s debt‑free, cash‑rich position, which provides the flexibility to capitalize on these discoveries. The company plans to continue drilling to delineate the full extent of the Vortex system and to update resource estimates accordingly, positioning Hycroft for a potential expansion of its milling capacity and a stronger competitive stance in the Nevada silver market.
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