HYMC · 10-Q · 2026Q1 · Full report

Mine Site Cost Trends

HYCROFT MINING HOLDING CORP · 2026-04-28 · Importance 65 · Surprise 82

Mine site costs increased to $5.4 million in Q1 2026 from $2.5 million a year earlier, driven primarily by $2.5 million of Make‑whole Awards (of which $1.6 million was non‑cash) and ramp-up of activity to support the exploration drilling program. The increase reflects higher on-site drilling support, contractor usage and related site services despite the cessation of open-pit mining since 2021. While smaller than corporate G&A and exploration spend, the change is a meaningful operational ramp tied to exploration.

Key facts

• Mine site costs for the three months ended March 31, 2026 totaled $5,443 thousand compared to $2,480 thousand for the same period in 2025.
• The Company reported no lost-time incidents during the three months ended March 31, 2026.
• The Company operates in excess of 1.4 million work hours without a lost-time incident.
• The Hycroft Mine’s trailing 12-month TRIFR metric was 0.00 at March 31, 2026.
• The Hycroft Mine’s trailing 12-month TRIFR metric was 0.00 at December 31, 2025.