Overview
- An independent update effective January 21, 2026 reports 16.4 million ounces of gold and 562.6 million ounces of silver in measured and indicated resources, a 55% increase versus 2023, prepared by Ausenco, Independent Mining Consultants, and WestLand.
- Inferred resources also expanded, with gold up 50% and silver up 38% according to the new estimate.
- Roughly 70 additional drill holes identified new high‑grade silver systems, adding an initial 90.2 million measured and indicated silver ounces, including Vortex intercepts of 960–1,545 g/t silver.
- Metallurgical testing indicates recoveries of about 83% for gold and 78% for silver using milling, pressure oxidation, and heap leaching, and the company is evaluating a roasting route that could yield sulfuric acid as a by‑product.
- HYMC shares rose more than 21% to about $40.68 on February 18 for a market value near $3.4 billion, while a reported calculation pegs implied resource value above $50 billion at $3,100/oz gold and $36/oz silver, with resources not yet proven as reserves.