U.S. Stock Movement | Hycroft Mining (HYMC.US) Extends Gains, Up Over 5% at Open, Surges 460% Since September

Stock News12-23 23:04

On Tuesday, Hycroft Mining Holding Corporation (HYMC.US) continued its upward trend, opening with a gain of over 5%. The stock has surged 460% since September and is currently trading at $25.66.

The company announced on Monday that its exploration drilling program at the Vortex Silver System in the Hycroft Mine, Nevada, confirmed the continuity of high-grade silver and identified the highest-grade silver discovered to date. The initial phase of the program included 14,500 meters of core drilling using two rigs, with plans to add two more core rigs by 2026.

In related news, spot silver prices briefly surpassed the $70 mark during the day, marking a year-to-date increase of 142%. More strikingly, the world's largest silver ETF recorded a single-day inventory increase of 533 tons, the largest in nearly three years. With conventional technical levels now breached, prices are expected to rapidly test the $75 level.

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