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← CockpitCompetitor Analysis › HYMC Hycroft Mining Holding Corporation Class AOpen in the cockpit ↗

Hycroft Mining Holding Corporation Class AHYMCCompetitor analysis, valuation and peers

United States · USD·Materials›Precious Metals

Operates the Hycroft open-pit gold-silver mine in Nevada using heap-leach and pressure-oxidation processing.

Momentum laggard 14
Mkt cap
$1.75B
US dollars, full cap
Free float
52%
of shares outstanding
$/day
$36.0M
20-day average traded
P/B
7.36×
price to book
ROE
-72.2%
delivered
Implied ROE
123.4%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · USD$18.77
1D+10.3%
1W+14.3%
1M+3.1%
3M-31.2%
6M-51.2%
YTD-21.0%
1Y+154.3%
ATR %7.5%
Beta3.06
52w lowhigh68.0% off high

What Hycroft Mining does

Operates the Hycroft open-pit gold-silver mine in Nevada using heap-leach and pressure-oxidation processing.

Paused mining in 2021 after the ore processing proved costlier than planned, so it has had no steady metal sales and relies on money raised from investors while it studies a restart. Output would be sold as partly refined gold and silver bars to refiners.

Products and services

  • Hycroft mine (gold/silver)

Where it sits in the supply chain

  • Mining
  • Gold/silver extraction (Nevada, US)
  • Heap-leach/pressure-oxidation…

What could go right

  • Higher gold/silver prices
  • Successful processing scale-up lowering costs

What could go wrong

  • History of high costs/financial distress
  • Execution risk on processing technology

Moat: none (scale). Commodity gold/silver producer with a history of processing/financial challenges limiting its competitive position.

Headquarters: Winnemucca, Nevada, US · Employees: 51

Named competitors

Hycroft Mining at a glance

Size Hycroft Mining (HYMC) is a United States Materials company (Precious Metals) with a market value of $1.75B, the 1886th largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.77 on 6 Nov 2026.

Performance Over six months the shares fell 51.2%, against -13.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 19 in its peer set.

Valuation It trades at 7.36× book value against a peer median of 3.04× (6th most expensive of 21).

Price implies The share price implies a return on equity of about 123.4%; Hycroft Mining delivers -72.3%, so the price asks more than the business earns today.

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 86HYMC 43
Six months, rebased to 100: Hycroft Mining against the median of its 20 peers (local-currency closes).

Hycroft Mining financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$0$0$0$0$33.2M
Revenue growth———-100%—
Gross profit-$2.57M-$3.32M-$3.49M-$3.90M-$20.8M
EBITDA-$117M-$41.3M-$49.7M-$42.8M-$49.7M
Net income-$103M-$40.7M-$60.9M-$55.0M-$60.8M
Free cash flow-$68.9M-$38.4M-$37.1M-$42.5M-$35.8M
Capital expenditure$1.57M$564,000$1.25M$1.07M$951,000
Total debt$15,000$39,000$125M$145M$135M

Quarterly statements and history in the cockpit →

Hycroft Mining competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%-10%0%+10%0340RSG600531SXGC300139ALKSGDOBMSVMMSADRD600459OREPRNABRAMI6HYMC6-month return →1-month return →
Up and to the right = strong over both horizons. Hycroft Mining is the large dot.

Fundamentals: return on equity against price-to-book

-150%-100%-50%0%50%00×100×200×0340RSG600531SXGC300139SSMRSGDOBMSINDSVMMSAABRAMI6HYMCReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Hycroft Mining is the large dot.

Capital: ROE delivered against the ROE the price implies

0%200%0%200%0340RSGSXGC300139SGDOBMABRAHYMCROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Hycroft Mining is the large dot.

Hycroft Mining competitors and peer comparison

Head to head with its named competitors (HYMC vs K.TO vs CDE vs HL)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Hycroft Mining HYMC$1.75B-51%n/a-72%7.36×123.4%
Kinross Gold K.TO$26.4B-25%+30%35%2.61×24.5%
Coeur Mining CDE$15.9B-17%+117%13%1.53×17.0%
Hecla Mining HL$9.90B-21%+30%22%3.56×35.2%

How Hycroft Mining compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hycroft Mining against its 20 peers (data as of 6 Nov 2026)
MeasureHYMCPeer medianRank in peer set
1-month return+3.1%-5.9%4th highest of 21
6-month return-51.2%-13.2%lowest of 19
Return on equity-72.2%11.4%5th lowest of 21
Price / book7.36×3.04×6th most expensive of 21
ROE the price implies123.4%27.5%3rd most demanding of 21
ROE delivered-72.3%14.3%3rd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Hycroft Mining HYMCUnited States$1.75B-51%n/a-72%7.36×123.4%-72.3%
Tongguan Gold 0340.HKHong Kong$1.73B-14%+65%26%2.77×11.8%25.5%
Resolute Mining RSG.AXAustralia$1.81B-12%+5%27%2.16×23.2%26.7%
Henan Yuguang Gold & Lead 600531.SSChina$1.83B-32%+48%16%1.65×19.9%16.1%
Southern Cross Gold Consolidated SXGC.TOCanada$1.65B-9%n/a-4%8.80×32.9%-3.5%
Beijing Xiaocheng Technology Stock 300139.SZChina$1.64B-25%+39%12%9.54×93.2%12.5%
Alkane Resources ALK.AXAustralia$1.63B+11%+403%31%2.11×25.3%31.3%
Sunshine Silver Mining & Refining SSMRUnited States$1.91Bn/a+422%-157%5.91×102.7%n/a
Snowline Gold SGD.TOCanada$1.93B-6%n/a-90%25.66×86.1%-90.2%
Ora Banda Mining OBM.AXAustralia$1.93B+4%+101%53%5.17×47.8%52.5%
Sinda SINDUnited States$1.95Bn/an/a-161%8.84×152.0%n/a
Silvercorp Metals SVM.TOCanada$1.99B-31%+59%4%1.99×24.6%3.6%
Mineros MSA.TOCanada$2.00B+73%+77%37%3.31×28.2%37.4%
DRDGOLD Ltd. Sponsored ADR DRDUnited States$2.00B-16%+53%40%2.84×14.8%39.6%
Sino-Platinum Metals 600459.SSChina$2.06B-17%-27%8%1.49×15.8%8.0%
Orezone Gold ORE.TOCanada$1.46B+31%+93%25%2.26×18.1%25.4%
Bellevue Gold BGL.AXAustralia$1.46B-16%+14%1%2.51×26.9%0.9%
Endeavour Silver EDR.TOCanada$2.34B-20%+198%10%3.24×44.6%10.4%
Perenti PRN.AXAustralia$1.31B-8%-4%5%1.07×6.9%4.5%
AbraSilver Resource ABRA.TOCanada$1.30B-37%n/a-113%34.64×355.9%-112.6%
Minerals 260 MI6.AXAustralia$1.29B+1%n/a28%4.68×54.2%28.5%

Questions

Who are Hycroft Mining's main competitors?
Named competitors: Kinross Gold (K.TO), Coeur Mining (CDE), Hecla Mining (HL). The cockpit's measured peer set (industry) also includes Tongguan Gold (0340.HK), Resolute Mining (RSG.AX), Henan Yuguang Gold & Lead (600531.SS), Southern Cross Gold Consolidated (SXGC.TO), Beijing Xiaocheng Technology Stock (300139.SZ), Alkane Resources (ALK.AX).
Is Hycroft Mining expensive compared with its peers?
On price / book it trades at 7.36× against a peer median of 3.04×, 6th most expensive of 21 in its peer set. The share price implies a return on equity of about 123.4%; Hycroft Mining delivers -72.3%, so the price asks more than the business earns today.
How has Hycroft Mining stock performed?
Over six months to 6 Nov 2026 the shares returned -51.2% against -13.2% for the median peer; over one year +154.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.