HYMC · 10-Q · 2026Q1 · Full report

Exploration Spend Increase

HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 71 · Surprise 82

Exploration and development costs increased to $9.7 million in Q1 2026 from $3.0 million in Q1 2025, primarily reflecting $2.3 million of Make‑whole Awards and an expanded drilling program targeting the high-grade silver systems. The incremental exploration spend funded more than 9,000 meters of drilling and related geophysics and mapping to expand Brimstone and Vortex resource potential. This higher exploration outlay is a material use of cash tied directly to resource expansion objectives.

Key facts

• The Company expanded drilling under the 2025–2026 Exploration Drill Program to focus on expanding two high-grade silver systems.