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.
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."
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).
The Company's exploration program is progressing on schedule and additional assay results are expected to be released prior to year end.
ネバダ州北部多産鉱区Hycroft鉱を持つ金と銀開発会社Hycroft鉱業ホールディングス(ナスダック:HYMC)(以下、“Hycroft”または“会社”)は、債務の一部を減免したことを喜んで発表した。
ダイアン·R·カリット総裁兼最高経営責任者は、“一部の債務を大幅に割引して除去することは、貸借対照表の約束を強化する重要な一歩である。強力な貸借対照表、1.4億ドルを超える穏健な現金状況、一級採鉱管轄区の世界的な資産、強力な探査計画、経験豊富な鉱山建設業者と事業者チームは、Hycroftを株主価値の創造と交付に独特の地位を持たせている”と述べた
同社は2回の取引で約1220万ドルの未返済債務を減少させた。Hycroftは670万ドルの現金と引き換えに500,000株のHycroft普通株を加えた合計1220万ドルの債務を購入した(債務額面に対して約42%の割引)
同社の探査計画は計画通りに行われており、年末までにより多くの検査結果が発表される予定だ。