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United States

Hycroft Mine

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Overview

Mine TypeOpen Pit
StatusCare and Maintenance
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
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SnapshotHycroft Mine is one of the largest precious metals deposits in the world, located in the Tier-One mining jurisdiction of Nevada, USA.

The Hycroft Mine, has historically operated as an open-pit oxide mining and heap leach processing operation. Mining operations at the Hycroft Mine were discontinued in November 2021 as a result of the then current and expected ongoing cost pressures for many of the reagents and consumables used at the Hycroft Mine and to further determine the most effective processing method for the sulfide ore. The Company recovered the remaining gold and silver ounces from the drain down solutions as of December 31, 2022.

Today, the company is focused on completing the technical studies to transition Hycroft into a large-scale milling operation for processing the sulfide ore.

Pre-Feasibility Study ("PFS") targeted for completion in the first half of 2024.

Owners

SourceSource
CompanyInterestOwnership
Hycroft Resources and Development, Inc. (operator) 100 % Direct
Hycroft Mining Holding Corp. (HYMC) 100 % Indirect
The Hycroft mine is owned and managed by Hycroft Resources and Development, LLC, a wholly owned subsidiary of Hycroft Mining Holding Corporation.

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Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Hycroft deposit is a low-sulfidation, epithermal, hot springs system that contains Au and Ag mineralization. Radiometric dates of adularia (potassium feldspar) indicate that the main phase of Au and Ag mineralization formed four million years ago (Ebert, 1996) when hydrothermal fluids were fed upward along high angle, normal faults. Low-grade Au and Ag mineralization was co-deposited with silica and potassium feldspar throughout porous rock types. A subsequent drop in permeability, due to sealing of the system, led to over pressuring and subsequent repeated hydrothermal brecciation. Additional precious metal mineralization was deposited during this event as breccia zones, veins, and sulfide flooding. Au and Ag mineralization was followed 0.4 to 2.0 million years ago by an intense event of high sulfidation acid leaching of the mineralized volcanic rocks coincident with a regional water table drop. This allowed steam heated sulfur gases to condense into sulfuric acid and leach the upper portion of the mineralized rocks. Oxidation of sulfide mineralization occurs to variable depths over the deposit, depending upon proximity to faults, extent of acid leaching, and depth to water table. Sulfide content through the deposit is variable from 0% to 20%. Local Geology The deposit is typically broken into six major zones based on geology, mineralization, and alteration. These include Brimstone, Vortex, Central, Bay, Boneyard, and Camel Hill. The boundaries are typically major faults, namely Break, East, and Ramp. Brimstone At Brimstone, the East Fault is a north-northeast striking, west dipping, normal fault with repeated episodes of movement, including approximately 150 ft to 200 ft of alluvial offset. Where exposed in the Brimstone Pit, the fault clearly shows steep normal movement, with slickensides that plunge 80° to 85°. At depth the fault shallows to 45° to 60° and may merge with the Central and Break Faults. The fault may have originally served as a conduit to hydrothermal fluids. Only minor mineralization is noted footwall to the fault zone. North of the Brimstone deposit, the east–west trending Ramp and Prill Faults appear to down drop favorable stratigraphy. Condemnation drilling of the leach pad to the north has shown only local zones of weak Au and Ag mineralization. To the south, the Brimstone Zone transitions to the Vortex Zone, with no apparent change in stratigraphy, but changes to alteration zonation. Zones of silicification of limited thickness, oriented parallel to the East Fault, are present in the footwall zone. Alteration extends for 50 ft to 70 ft footwall to the fault, with pervasive silicification and quartz veining dominant. Au and Ag are spatially associated with fracture and breccia-controlled chalcedony sulfide mineralization. A subsequent acid alteration event produced the current distribution of oxidized and transition sulfide/oxide ore. The lower acid leach material hosts Au and Ag mineralization, as does the underlying silicified and veined volcanics. Mineralization thickness (true width) is 200–1,100 ft thick and remains open to the west toward the Break Fault and transitions into Vortex to the south. Vortex The upper elevation at Vortex is hydrothermally clay (kaolinite) altered. Acid leaching is less prominent in Brimstone and is focused primarily along the East Fault. Strong silicification to depths greater than 1,500 ft is due to veining and phreatic hydrothermal brecciation. At least four mineralizing events are present as evidenced by crosscutting vein and breccia relationships. The hydrothermal venting may have contributed to the eruption breccias overlying the Brimstone Zone. Propylitic and/or clay alteration extends outboard of the silicification. The mineralization at Vortex is of both vein and disseminated type, with brecciated and altered rhyolite rocks and volcanic clastics acting as favorable hosts. In addition to Au mineralization, high-grade Ag has been encountered at Vortex; with values ranging from 10 to 647 oz/ton. The predominant Ag minerals are pyrargyrite, naumannite and miargyrite, occurring both in veins, disseminated and coarse grains along fractures. Oxide mineralization is present at a depth of approximately 500 ft below surface, with sulfide mineralization extending to 2,500 ft below surface. Mineralization thickness (true width) is 1,000 to 1,800 ft thick. Banded quartz veins with both high-grade Ag and Au have been noted in core. Drilling to date indicates that the highgrade zones are both high angle banded quartz veins and a more extensive flat lying, massive quartz zone containing visible pyrargyrite and miargyrite. Bay and Boneyard Mineralization in the Bay and Boneyard zones is hosted by gentle, west dipping Camel Conglomerate. Both clast-supported and matrix-supported conglomerate rocks host mineralization. The basal rock type is tuffaceous lake sediments, composed of fine-grained clay with minor layers of gravel and conglomerate extending to a depth greater than 1,100 ft. Mineralization is primarily bedding controlled, with the Range and Central Faults as the main feeders. The Break Fault may also have zoning controls but is poorly drilled in this zone. Mineralized siliceous hot spring sinters have been historically mined indicating that this deposit represents the upper-most levels of a hot spring hydrothermal system. The predominant alteration type at Bay is silicification. Acid leach alteration in the area is relatively minor and occurs along high angle structures. Clay alteration of the underlying lacustrine sediments is also noted in limited drillholes and is illite smectite dominated. Strong oxidation is present in the upper portion of the silicified zone. Au and Ag mineralization is associated with flat lying Camel Conglomerate, above the lacustrine lake sediments. Mineralization thickness (true width) is 20–250 ft thick at Bay and 50–300 ft thick at Boneyard. This zone transitions into the upper zone of mineralization at Central. Bay and Boneyard remain open to the north and east. Central Au and Ag mineralization is associated with favorable stratigraphic horizons in the Camel conglomerate, with an upper and lower zone noted in drilling, separated by a north–south striking, east dipping clay layer. Mineralization remains open to the west, past the Range Fault, and at depth (>1,400 ft). Mineralization thickness (true width) in the upper zone is 50 300 ft thick, while the lower zone ranges from 300–1,200 ft thick and remains open at depth. The zone mineralization is contiguous to the Vortex and Brimstone Zones to the east, and the Camel Hill/Cut-5 zones to the south. Camel Hill and Cut 5 Zones Mineralization in the Camel/Cut-5 Zones is hosted by conglomerate rocks and occurs as both disseminated Au and Ag associated with pyrite and marcasite, and higher-grade veins, including Ag bearing pyrargyrite veins. Mineralization thickness (true width) is 200–1,100 ft thick, extends to depths greater than 1,400 ft, and remains open at depth. Oxidation extends to depths greater than 200 ft and an area of intense oxidized mordenite alteration is present between the Cut-5 and Camel Zones. Mineralization remains open to the south, west and at depth. To the north, Camel mineralization is contiguous with the lower zone of the Central Zone, while Cut-5 is contiguous with the upper zone. Mineralization is also open to the west of Camel and to the south towards Hades Fault.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

During the year ended December 31, 2022, the company completed the processing of gold and silver ore previously placed on leach pads prior to ceasing mining operations in November 2021.
CommodityUnits2022202120202019
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe9,561
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe70,332
All production numbers are expressed as metal in doré.

Operational metrics

Metrics202120202019
Stripping / waste ratio  ....  Subscribe  ....  Subscribe0.08
Ore tonnes mined  ....  Subscribe  ....  Subscribe4,086 k tons
Waste  ....  Subscribe  ....  Subscribe321 k tons
Total tonnes mined  ....  Subscribe  ....  Subscribe4,407 k tons

Production Costs

Commodity production costs have not been reported.

Financials

Units2022202120202019
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 13.7  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe -27.9  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe -27.9  
After-tax Income M USD  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

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Aerial view:

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