Hycroft Mining Holding Ended 2023 With $106M Cash
Hycroft Mining Holding Ended 2023 With $106M Cash
Hycroft Mining Holding 在 2023 年結束時擁有1.06億美元的現金
Corporate Highlights
企業要聞
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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年期間，Hycroft沒有報告任何損失工時事故，在2023年第二季度，該礦在沒有發生失時事件的情況下實現了100萬個工時。此外，2023年12月31日，海克羅夫特連續兩個日曆年結束，應報告的傷害總頻率爲0.00。
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資產負債表： 截至2023年，公司擁有1.06億澳元的非限制性現金，其中包括從減少與項目開墾債券相關的現金抵押品中獲得的900萬美元，並且遵守了債務契約。2024年1月5日，公司自願向Sprott Resource Lending預付了3,800萬美元的優先擔保債務，當時的無限制現金餘額約爲6600萬美元。
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股票活動： Hycroft維持了對納斯達克資本市場的最低股價規則的遵守，自2023年11月14日起實行了1比10的反向股票拆分，並重新啓動了 “市場發行” 計劃，在扣除佣金、費用和支出前籌集了110萬美元的總現金收益。