We recently published Santa Came Early for These 10 Double-Digit Gainers. Hycroft Mining Holding Corp. (NASDAQ:HYMC) is one of the best performers on Monday.
Hycroft Mining soared to a new four-year high on Monday, climbing 49.33 percent to close at $24.52 apiece as investors cheered announcements that it had found the best grades of silver at its mining site in Nevada.
In intra-day trading, the stock surged to its highest price of $26.25 before trimming gains to finish the session just up by 49.33 percent at $24.52 apiece.
In an updated report, Hycroft Mining Holding Corp. (NASDAQ:HYMC) said that the highest grades of silver were identified in the Vortex Silver System, and that results show continuity of resources.
Additionally, the mineralized area is still open in all directions, suggesting that there is a strong chance that more resources can still be found with further drilling.
“Our 2025-2026 exploration strategy is focused on unlocking the full scale of the Vortex and Brimstone high-grade silver systems through both lateral and depth expansion—these latest impressive results clearly demonstrate there is much more potential to both systems,” said Hycroft Mining Holding Corp. (NASDAQ:HYMC) President and CEO Diane Garrett.
“With these results and many more expected to come, we are at the very beginning of a pivotal growth phase. While we don’t typically issue results on single drill holes, these recent two holes in Vortex, when viewed together, represent something extremely significant occurring,” she added.
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Disclosure: None. This article is originally published at Insider Monkey.
