New York, Jan 20, 2026, 12:49 EST — Regular session
Shares of Hycroft Mining Holding Corporation (HYMC) surged roughly 17% Tuesday, buoyed by record highs in gold and silver prices driving interest in precious metals. The Nasdaq-listed stock climbed 16.8% to $40.45 by midday in New York, after hitting an intraday peak of $40.62, with trading volume near 3.0 million shares.
Gold pushed past $4,700 an ounce, while silver briefly hit $95 for the first time, buoyed by safe-haven buying and a weaker dollar amid fresh tariff threats from U.S. President Donald Trump. “Gold has surged deeper into uncharted territory as investors hedge against rising political risk,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. (Reuters)
Mining shares trended higher. The iShares Silver Trust (SLV) climbed roughly 6%, and the VanEck Gold Miners ETF (GDX) added about 5%. Pan American Silver jumped close to 6%, with Hecla and Coeur Mining gaining around 4% and 2%, respectively.
Hycroft, a gold and silver exploration and development firm, owns the Hycroft mine in northern Nevada, approximately 54 miles (87 km) northwest of Winnemucca. According to Reuters, the site covers about 64,000 acres, with ongoing efforts focused on technical studies and drilling.
Hycroft revealed in a recent SEC filing that it doesn’t anticipate generating revenue from gold and silver sales until it advances the mine development and resumes mining and processing operations. The company acknowledged it will require additional funding to do so. It also maintains a shelf registration allowing it to issue up to $500 million in securities over time, a move that could dilute current shareholders. As of Dec. 26, 2025, measured and indicated resources at the mine were estimated at 10.6 million ounces of gold and 360.7 million ounces of silver. Hycroft expects to release an updated resource estimate early in Q1 2026, followed by a technical report “with economics” later that quarter. (SEC)
Recent insider filings have put the stock back in focus. On Jan. 15, a Form 4 revealed Canadian investor Eric Sprott exercised 4,672,352 warrants—allowing him to buy shares at $6 each—on Jan. 13, followed by a purchase of 200,000 shares at $33.21 the very next day. (SEC)
Analysts have flagged policy risk, geopolitics, and interest rates as key factors driving the metals rally. Linh Tran, senior market analyst at XS.com, told Reuters on Monday, “When institutional and policy risks resurface, markets tend to react swiftly by reallocating toward safe-haven assets.” Citi Research echoed that sentiment, turning tactically bullish on precious metals and setting a $100 price target for silver within the next three months. (Reuters)
Hycroft is still a development-stage project, not an active mine. If gold prices dip or investors turn cautious, these high-beta stocks can lose their gains fast — and any new capital raise would shove dilution back into the spotlight.
Traders are tracking if silver can stay above $95 and if gold remains close to record highs. All eyes are also on Hycroft to see if it delivers the promised resource update early this quarter, followed by the economic study later in the first quarter.
