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November 29, 2015 4:16 AM ET

Metals and Mining

Company Overview of Hycroft Mining Corporation

Company Overview

Hycroft Mining Corporation and its subsidiaries engage in exploring for, developing, and mining gold and silver properties in Nevada. The company operates through Hycroft Mine and Exploration segments. The Hycroft Mine segment explores for, develops, and operates the Hycroft Mine, a gold and silver mine is located in the Sulfur Mining district covering approximately 72,000 acres. The company also has other exploration properties. Hycroft Mining Corporation was incorporated in 2006 and is headquartered in Reno, Nevada.

9790 Gateway Drive

Suite 200

Reno, NV 89521

United States

Founded in 2006

459 Employees





Key Executives for Hycroft Mining Corporation

Executive Chairman, Chief Executive Officer, President and Member of Technical Committee
Age: 55
Chief Financial Officer and Executive Vice President
Age: 56
Vice President of Investor Relations and Corporate Communication
Age: 41
Vice President of Capital Projects
Compensation as of Fiscal Year 2015.

Hycroft Mining Corporation Key Developments

Allied Nevada Gold Corp. Suspends Mining Operations

Allied Nevada Gold Corp. announced that it has suspended mining operations, effective immediately, to maximize cash flow and minimize spending through the remainder of its chapter 11 process. The Company will continue to process and produce gold and silver through the operation of the heap leach pads and Merrill-Crowe processing plants. Inventory on the heap leach pads at June 30, 2015 was approximately 260,000 recoverable ounces of gold, sufficient to maintain metal production for the next 12-18 months. In addition to continuing metal process operations, Allied Nevada intends to complete construction of and operate a 10 ton per day mill demonstration plant for processing of sulfide ores. The demonstration plant is expected to start-up in September 2015 and will include all phases of the mill process flow sheet, from grinding and flotation through AAO and precious metals recovery.

Allied Nevada Gold Corp. announced delayed 10-Q filing

On 05/12/2015, Allied Nevada Gold Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Allied Nevada Gold Corp. Announces Earnings Results for the Year Ended December 31, 2014

Allied Nevada Gold Corp. announced earnings results for the year ended December 31, 2014. For the year, the company reported net loss of $518.92 million or $4.90 loss per share compared to net income of $1.40 million or $0.01 per share, for the year ended December 31, 2013. Revenue was $310.42 million, compared to $267.90 million for the year ended December 31, 2013. Loss from operations was $480.12 million, compared to an income from operations of $16.55 million for the year ended December 31, 2013. Loss before income taxes was $514.10 million, compared to a loss before income taxes of $6.66 million for the year ended December 31, 2013.

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