Hycroft Mining has hired RESPEC Company LLC to evaluate underground mining options for its newly discovered high-grade silver systems at Brimstone and Vortex, marking a shift from pure exploration toward possible underground development.
The engineering review will cover mining methods, conceptual mine design and schedule development. Hycroft said the work is being done alongside an evaluation of an exploration decline that would give underground drill access and could also support future production. Brimstone begins about 30 meters below the existing open pit, according to the company.
The company said the decline could improve drilling efficiency and reduce both time and cost. RESPEC’s report is expected in the coming months.
Separately, Hycroft said Westland Engineering has finished the engineering work tied to additional lifts on the tailings storage facility. That capacity is needed because of the large increase in mineral resources announced in February. With that work complete, Ausenco can finish the initial assessment technical report with economics, which Hycroft expects in the second quarter of 2026.
Hycroft also said it has been added to the VanEck Junior Gold Miners ETF, giving the company inclusion in a fund focused on junior gold and silver miners. Today the company's shares have moved -9.54% to a price of $31.18. Check out the company's full 8-K submission here.
