Hycroft Mining Holding Ended 2023 With $106M Cash
Hycroft Mining Holding Ended 2023 With $106M Cash
Hycroft Mining Holding 在 2023 年结束时拥有1.06亿美元的现金
Corporate Highlights
企业要闻
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Safety: During 2023, Hycroft reported no lost time accidents and in the second quarter of 2023 the mine achieved one million work hours without a Lost Time Incident. In addition, on December 31, 2023, Hycroft concluded two consecutive calendar years with a Total Reportable Injury Frequency Rate of 0.00.
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Balance Sheet: The Company ended 2023 with $106 million of unrestricted cash, including $9 million received from a reduction in cash collateral associated with the project reclamation bond, and was in compliance with debt covenants. On January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt with Sprott Resource Lending, leaving an unrestricted cash balance of approximately $66 million at that time.
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Equity Activities: Hycroft maintained compliance with Nasdaq Capital Market's minimum share price rules by effecting a 1-for-10 reverse stock split effective November 14, 2023, and reactivated the "at-the-market offering" program raising gross cash proceeds of $1.1 million before deductions of commissions, fees, and expenses.
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安全： 在2023年期间，Hycroft没有报告任何损失工时事故，在2023年第二季度，该矿在没有发生失时事件的情况下实现了100万个工时。此外，2023年12月31日，海克罗夫特连续两个日历年结束，应报告的伤害总频率为0.00。
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资产负债表： 截至2023年，公司拥有1.06亿澳元的非限制性现金，其中包括从减少与项目开垦债券相关的现金抵押品中获得的900万美元，并且遵守了债务契约。2024年1月5日，公司自愿向Sprott Resource Lending预付了3,800万美元的优先担保债务，当时的无限制现金余额约为6600万美元。
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股票活动： Hycroft维持了对纳斯达克资本市场的最低股价规则的遵守，自2023年11月14日起实行了1比10的反向股票拆分，并重新启动了 “市场发行” 计划，在扣除佣金、费用和支出前筹集了110万美元的总现金收益。