Hycroft Mining Holding Corporation (NASDAQ: HYMC) released results from its technical report summary and initial assessment for the Hycroft Mine in Nevada, showing a post-tax net present value of $10.0 billion at current spot prices.

The study, based on commodity prices of $3,600 per ounce for gold and $48 per ounce for silver, demonstrates a post-tax NPV of $4.3 billion and an internal rate of return of 16.9%. At spot prices of $4,569 for gold and $77.94 for silver as of May 25, 2026, the post-tax NPV increases to $10.0 billion with an IRR of 30.1%.

The mine plan encompasses a 51-year operation processing 57,100 tons per day of mineralized material. Life-of-mine production is projected at 10.4 million ounces of gold and 347.5 million ounces of silver, totaling 15.1 million gold equivalent ounces. Average annual production would be 204,000 ounces of gold and 6.8 million ounces of silver.

Initial capital costs are estimated at $2.4 billion, with life-of-mine sustaining capital costs of $3.1 billion. The project shows significant leverage to commodity prices, with every $100 increase in gold price per ounce adding $300 million to post-tax NPV, and every $5 increase in silver price adding $460 million.

The technical study is based on the 2026 mineral resource estimate of 16.4 million ounces of gold and 562.6 million ounces of silver in measured and indicated categories. An additional 5.0 million ounces of gold and 132.8 million ounces of silver exist in inferred resources but were not included in the mine plan.

The company is advancing exploration of the Brimstone and Vortex silver discoveries with plans to increase from two to four core drill rigs. The mine plan utilizes conventional pressure oxidation and heap leach processing technologies.

According to the press release, the technical report summary was filed with the SEC and represents a preliminary assessment that does not demonstrate economic viability or support a development decision.