New York, February 3, 2026, 14:47 (EST) — Regular session
- Hycroft Mining shares climbed in afternoon trading, following a broader bounce in precious-metals stocks.
- Traders highlighted a sharp bounce in gold and silver as rate-cut expectations resurfaced.
Hycroft Mining Holding Corp’s shares jumped $4.09, or 11.6%, hitting $39.30 in afternoon trading on Tuesday. The stock swung between $36.40 and $40.89, with volume around 4.7 million shares. Other Nasdaq-listed miners followed suit: Newmont rose 2.6%, Hecla Mining climbed 4.4%, and Coeur Mining added 1.5%.
This matters since HYMC has acted as a quick gauge for bullion sentiment, which has been jittery lately. When gold and silver make sharp moves, smaller miners usually react with even greater swings, up or down.
Rate bets remain in play. Federal Reserve Governor Stephen Miran told Fox Business Network he still expects more than a full percentage point in rate cuts this year, saying policy is still too tight. Though Miran’s term officially ended in January, he’s staying on until a successor is confirmed. Donald Trump has nominated Kevin Warsh to head the central bank. (Reuters)
Gold and silver bounced back sharply Tuesday after tumbling over the previous two sessions. Spot gold climbed 5.2% to $4,906.82 an ounce, while U.S. gold futures soared 6.1% to $4,935, marking the metal’s biggest single-day gain since 2008. Silver wasn’t far behind, rising 4.8% to $83.23. “The declines were likely a corrective phase within a broader bullish trend,” said Peter Grant of Zaner Metals. Reuters pointed to CME Group margin hikes — the cash traders must put up to hold futures — as adding to the recent swings. The news agency also noted the U.S. January employment report was delayed due to a partial government shutdown. (Reuters)
Hycroft, a gold and silver explorer focused on Nevada, is pushing ahead with the Hycroft Mine, according to a recent regulatory filing. The company resumed pre-commercial open-pit mining in 2019 but stopped operations in November 2021. It doesn’t anticipate meaningful revenue until further technical studies are finished and mining restarts. (SEC)
That means HYMC’s stock moves more on expectations than actual cash flow. Put simply: rising gold and silver prices boost future economics and ease funding concerns. But a drop in bullion prices can quickly reignite doubts over project financing.
The precious metals tape has been volatile, and stocks tend to exaggerate those moves. If bullion slips back from Tuesday’s gains—or if another policy announcement sparks fresh volatility—the rally in smaller miners could reverse fast.
Traders will be watching to see if the metals rally sticks through the close and into the next batch of macro data. According to data from Public.com, Hycroft is set to release earnings on March 4. (Public)
