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Benzinga
Benzinga
Business
Adam Eckert

Hycroft Mining Shares Are Surging: Here's Why

Hycroft Mining Mining HYMC Nasdaq silver Gold

Hycroft Mining Holding Corp (NASDAQ:HYMC) shares are surging in Wednesday's after-hours session after the company reported first-quarter results and announced findings from a recent exploration.

AMC Entertainment Holdings Inc (NYSE:AMC) recently acquired a 22% stake in the gold and silver miner. As a result of that investment, Hycroft Mining said it was able to reduce its debt by $20.6 million, complete technical studies and launch an exploration program to capitalize on recent exploration results.

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