Hycroft Mining Announces Debt Reduction Of $12.2M
Hycroft Mining Announces Debt Reduction Of $12.2M
Hycroft Mining Holding Corporation (NASDAQ:HYMC) ("Hycroft" or the "Company"), a gold and silver development company which owns the Hycroft Mine in the prolific mining region of Northern Nevada, is pleased to announce it has reduced a portion of its debt.
拥有内华达州北部多产矿区Hycroft矿的黄金和白银开发公司Hycroft矿业控股公司(纳斯达克：HYMC)(以下称“Hycroft”或“公司”)高兴地宣布，已减免部分债务。
Diane R. Garrett, President and CEO stated, "Eliminating a portion of our debt at a significant discount is an important step in our commitment to strengthening our balance sheet. A strong balance sheet, a solid cash position in excess of $140 million, a world class asset in a Tier-One mining jurisdiction, a robust exploration program and a highly experienced team of mine builders and operators make Hycroft uniquely positioned for creating and delivering shareholder value."
总裁首席执行官兼首席执行官戴安·R·加勒特表示：“大幅打折消除部分债务是我们加强资产负债表承诺的重要一步。强劲的资产负债表、超过1.4亿美元的稳健现金状况、一级采矿辖区的世界级资产、强大的勘探计划以及经验丰富的矿山建造商和运营商团队，使Hycroft在创造和交付股东价值方面具有独特的地位。”
The Company reduced its outstanding debt by approximately $12.2 million in two transactions. Hycroft purchased a total of $12.2 million of debt in exchange for cash consideration of $6.7 million plus 500,000 shares of Hycroft common stock (a discount of approximately 42% to the face value of the debt).
该公司在两次交易中减少了约1220万美元的未偿债务。Hycroft购买了总计1220万美元的债务，以换取670万美元的现金代价加上500,000股Hycroft普通股(相对于债务面值约有42%的折扣)。
The Company's exploration program is progressing on schedule and additional assay results are expected to be released prior to year end.
该公司的勘探计划正在按计划进行，预计将在年底前公布更多的化验结果。