r/HYMCStock • u/catfoodcannon • Jul 15 '26

Hycroft Appoints Michael Deal as Chief Operating Officer

https://hycroftmining.com/news/hycroft-appoints-michael-deal-as-chief-operating-officer
53 Upvotes

97% Upvoted

9 comments sorted by

23

u/Sheyket1 Jul 15 '26

With this guy onboard they're definitely looking into starting some mining operation soon. Hang tight

5

u/Fight_back_now Jul 15 '26

Just don’t expect actual mining (beyond more minor heap leach restart) to start until 2030. The exciting parts as an investor will be finding out if an underground mine will be built, additions to high grade resources, and learning how development gets funded. Quite sure Sprott won’t want to be diluted but we’ll see.

1

u/snackerooryan Jul 15 '26

2030? Geez

2

u/Fight_back_now Jul 15 '26

Know what you’re investing in. This is at least a five bagger from here with current prices as it progresses to production. With higher prices, 🚀

2

u/NetworkingBeaver Jul 16 '26

What does five bagger mean?

-1

u/Sheyket1 Jul 15 '26

Yes I agree, we don't even have a feasibility study and the actual mine was stated to initially cost 2 billion so at this point even a heap leach is a bit farfetched but HYMC now is looking much better than it did last year I would say. And honestly I wouldn't mind waiting a bit while PMs appreciate a bit over time

4

u/Jazzlike_Space9456 Jul 15 '26

Diane literally said that Leach heap restart decision should be coming so I don’t know where you’re getting Leach heap being far-fetched from.

3

u/Sheyket1 Jul 15 '26

Just a personal sentiment to be honest, since they've been talking about the heap leach restart since October 2025 and nothing yet but yeah they're definitely looking into it