Hycroft Mining Announces Debt Reduction Of $12.2M
Hycroft Mining Announces Debt Reduction Of $12.2M
The Company's exploration program is progressing on schedule and additional assay results are expected to be released prior to year end.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.
擁有內華達州北部多產礦區Hycroft礦的黃金和白銀開發公司Hycroft礦業控股公司(納斯達克：HYMC)(以下稱“Hycroft”或“公司”)高興地宣佈，已減免部分債務。
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."
總裁首席執行官兼首席執行官戴安·R·加勒特表示：“大幅打折消除部分債務是我們加強資產負債表承諾的重要一步。強勁的資產負債表、超過1.4億美元的穩健現金狀況、一級採礦轄區的世界級資產、強大的勘探計劃以及經驗豐富的礦山建造商和運營商團隊，使Hycroft在創造和交付股東價值方面具有獨特的地位。”
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).
該公司在兩次交易中減少了約1220萬美元的未償債務。Hycroft購買了總計1220萬美元的債務，以換取670萬美元的現金代價加上500,000股Hycroft普通股(相對於債務面值約有42%的折扣)。
The Company's exploration program is progressing on schedule and additional assay results are expected to be released prior to year end.
該公司的勘探計劃正在按計劃進行，預計將在年底前公佈更多的化驗結果。
