S-1 Filing

HYCROFT MINING HOLDING CORP CIK: 1718405

Filing Information

Form Type	S-1
Accession Number	`0001410578-22-000909`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	hymc-20220412xs1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 43 Cash Flow Statement 67 Stockholders Equity 20

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$12.34M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash	`Cash`	$68.90M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash	`Cash`	$56.36M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$426.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	60.43M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	59.90M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	50.16M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	59.90M	shares	Point-in-time
Income taxes receivable - Note 17	`IncomeTaxesReceivable`	$1.53M	USD	Point-in-time
Inventories - Note 4	`InventoryNet`	$12.87M	USD	Point-in-time
Inventories - Note 4	`InventoryNet`	$11.07M	USD	Point-in-time
Ore on leach pads - Note 4	`InventoryOreOnLeachPadsCurrent`	$38.04M	USD	Point-in-time
Ore on leach pads - Note 4	`InventoryOreOnLeachPadsCurrent`	$10.11M	USD	Point-in-time
Prepaids and other, net - Note 5	`PrepaidExpenseAndOtherAssetsCurrent`	$2.34M	USD	Point-in-time
Prepaids and other, net - Note 5	`PrepaidExpenseAndOtherAssetsCurrent`	$4.30M	USD	Point-in-time
Current assets	`AssetsCurrent`	$112.00M	USD	Point-in-time
Current assets	`AssetsCurrent`	$37.39M	USD	Point-in-time
Ore on leach pads - Note 4	`InventoryOreOnLeachPadsNoncurrent`	-	USD	Point-in-time
Ore on leach pads - Note 4	`InventoryOreOnLeachPadsNoncurrent`	$7.24M	USD	Point-in-time
Plant, equipment, and mine development, net - Note 6	`PropertyPlantAndEquipmentNet`	$58.48M	USD	Point-in-time
Plant, equipment, and mine development, net - Note 6	`PropertyPlantAndEquipmentNet`	$60.22M	USD	Point-in-time
Restricted cash - Note 7	`RestrictedCashNoncurrent`	$39.68M	USD	Point-in-time
Restricted cash - Note 7	`RestrictedCashNoncurrent`	$34.29M	USD	Point-in-time
Other assets - Note 5	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Other assets - Note 5	`OtherAssetsNoncurrent`	$13.48M	USD	Point-in-time
Assets held for sale - Note 8	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$11.56M	USD	Point-in-time
Total assets	`Assets`	$142.32M	USD	Point-in-time
Total assets	`Assets`	$232.63M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.28M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.43M	USD	Point-in-time
Debt, net - Notes 10, 20 and 25	`LongTermDebtCurrent`	$16.67M	USD	Point-in-time
Debt, net - Notes 10, 20 and 25	`LongTermDebtCurrent`	$5.12M	USD	Point-in-time
Deferred gain on sale of royalty - Note 11	`DeferredGainOnSaleOfRoyaltyCurrent`	$125.00K	USD	Point-in-time
Deferred gain on sale of royalty - Note 11	`DeferredGainOnSaleOfRoyaltyCurrent`	$124.00K	USD	Point-in-time
Other liabilities - Note 9	`OtherLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Other liabilities - Note 9	`OtherLiabilitiesCurrent`	$4.16M	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$21.68M	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$31.27M	USD	Point-in-time
Warrant liabilities - Notes 12 and 20	`WarrantsAndRightsOutstandingNoncurrent`	$15.39M	USD	Point-in-time
Warrant liabilities - Notes 12 and 20	`WarrantsAndRightsOutstandingNoncurrent`	$669.00K	USD	Point-in-time
Debt, net - Notes 10, 20 and 25	`LongTermDebtNoncurrent`	$142.66M	USD	Point-in-time
Debt, net - Notes 10, 20 and 25	`LongTermDebtNoncurrent`	$143.64M	USD	Point-in-time
Deferred gain on sale of royalty - Note 11	`DeferredGainOnSaleOfRoyaltyNoncurrent`	$29.71M	USD	Point-in-time
Deferred gain on sale of royalty - Note 11	`DeferredGainOnSaleOfRoyaltyNoncurrent`	$29.84M	USD	Point-in-time
Asset retirement obligation - Note 13	`AssetRetirementObligationsNoncurrent`	$4.79M	USD	Point-in-time
Asset retirement obligation - Note 13	`AssetRetirementObligationsNoncurrent`	$5.19M	USD	Point-in-time
Other liabilities - Note 9	`OtherLiabilitiesNoncurrent`	$1.65M	USD	Point-in-time
Other liabilities - Note 9	`OtherLiabilitiesNoncurrent`	$339.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$210.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.01M	USD	Point-in-time
Commitments and contingencies - Note 23	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 23	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 400,000,000 shares authorized; 60,433,395 issued and outstanding at December 31, 2021; and 59,901,306 issued and outstanding at December 31, 2020	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $0.0001 par value; 400,000,000 shares authorized; 60,433,395 issued and outstanding at December 31, 2021; and 59,901,306 issued and outstanding at December 31, 2020	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$540.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$537.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-520.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-609.32M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-439.25M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$16.62M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-68.49M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$232.63M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$142.32M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$110.73M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$47.04M	USD	Annual
Production costs	`ManufacturingCosts`	$41.69M	USD	Annual
Production costs	`ManufacturingCosts`	$102.75M	USD	Annual
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$8.54M	USD	Annual
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$2.89M	USD	Annual
Mine site period costs - Note 2	`MineSitePeriodCosts`	$38.17M	USD	Annual
Mine site period costs - Note 2	`MineSitePeriodCosts`	$47.12M	USD	Annual
Write-down of inventories - Note 4	`InventoryWriteDown`	$17.92M	USD	Annual
Write-down of inventories - Note 4	`InventoryWriteDown`	$13.88M	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	$163.34M	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	$109.62M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$14.62M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$21.08M	USD	Annual
Projects, exploration and development	`CostsIncurredDevelopmentCosts`	$13.59M	USD	Annual
Write-off of deposit - Note 5	`WriteOffOfDepositAssets`	$916.00K	USD	Annual
Accretion - Note 13	`AccretionExpense`	$374.00K	USD	Annual
Accretion - Note 13	`AccretionExpense`	$408.00K	USD	Annual
Impairment on equipment not in use - Notes 5 and 8	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$1.78M	USD	Annual
Impairment on equipment not in use - Notes 5 and 8	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$5.30M	USD	1 Quarter
Impairment on equipment not in use - Notes 5 and 8	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$5.33M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-83.91M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-89.37M	USD	Annual
Interest expense, net of capitalized interest - Note 10	`InterestExpenseDebt`	$43.46M	USD	Annual
Interest expense, net of capitalized interest - Note 10	`InterestExpenseDebt`	$20.59M	USD	Annual
Fair value adjustment to warrants - Notes 12 and 20	`FairValueAdjustmentOfWarrants`	$3.77M	USD	Annual
Fair value adjustment to warrants - Notes 12 and 20	`FairValueAdjustmentOfWarrants`	$-14.43M	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$199.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-90.09M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-136.39M	USD	Annual
Income tax benefit - Note 17	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax benefit - Note 17	`IncomeTaxExpenseBenefit`	$-1.53M	USD	Annual
Net loss	`NetIncomeLoss`	$-88.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-136.39M	USD	Annual
Basic - Note 18 (in dollars per share)	`EarningsPerShareBasic`	$-1.47	USD	Annual
Basic - Note 18 (in dollars per share)	`EarningsPerShareBasic`	$-3.92	USD	Annual
Diluted - Note 18 (in dollars per share)	`EarningsPerShareDiluted`	$-3.92	USD	Annual
Diluted - Note 18 (in dollars per share)	`EarningsPerShareDiluted`	$-1.47	USD	Annual
Basic - Note 18 (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.10M	shares	Annual
Basic - Note 18 (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.83M	shares	Annual
Diluted - Note 18 (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.83M	shares	Annual
Diluted - Note 18 (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.10M	shares	Annual

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-88.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-136.39M	USD	Annual
Non-cash portion of interest expense	`NonCashPortionOfInterestExpense`	$38.84M	USD	Annual
Non-cash portion of interest expense	`NonCashPortionOfInterestExpense`	$16.81M	USD	Annual
Non-cash (gain) loss on fair value adjustment for warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.77M	USD	Annual
Non-cash (gain) loss on fair value adjustment for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-14.43M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.85M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.43M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.38M	USD	Annual
Accretion - Note 13	`AccretionExpense`	$374.00K	USD	Annual
Accretion - Note 13	`AccretionExpense`	$408.00K	USD	Annual
Salary continuation and compensation costs - Note 9	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$2.12M	USD	Annual
Impairment charges and write-downs	`AssetImpairmentCharges`	$17.33M	USD	Annual
Impairment charges and write-downs	`AssetImpairmentCharges`	$23.25M	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.00K	USD	Annual
Phantom share compensation	`PhantomShareCompensation`	$225.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$329.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-426.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.53M	USD	Annual
Production-related inventories	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-29.02M	USD	Annual
Production-related inventories	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$43.76M	USD	Annual
Materials and supplies inventories	`IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories`	$6.19M	USD	Annual
Materials and supplies inventories	`IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories`	$3.89M	USD	Annual
Prepaids and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.69M	USD	Annual
Prepaids and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.95M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-2.85M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$372.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$133.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$443.00K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-818.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.04M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-110.51M	USD	Annual
Additions to plant, equipment, and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.99M	USD	Annual
Additions to plant, equipment, and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.44M	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$117.00K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$2.30M	USD	Point-in-time
Proceeds from sales of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$2.31M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.87M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.12M	USD	Annual
Principal payments on Sprott Credit Agreement	`RepaymentsOfOtherDebt`	$1.16M	USD	Annual
Principal payments on Sprott Credit Agreement	`RepaymentsOfOtherDebt`	$5.41M	USD	Annual
Principal payments on finance leases	`FinanceLeasePrincipalPayments`	$89.00K	USD	Annual
Proceeds from Public Offering	`ProceedsFromIssuanceOfWarrants`	$83.52M	USD	Annual
Proceeds from Sprott Royalty Agreement - Notes 3 and 11	`ProceedsFromRoyaltyObligation`	$30.00M	USD	Point-in-time
Proceeds from Sprott Royalty Agreement - Notes 3 and 11	`ProceedsFromRoyaltyObligation`	$30.00M	USD	Annual
Proceeds from Recapitalization Transaction - Note 3	`ProceedsFromRecapitalizationTransaction`	$10.42M	USD	Annual
Proceeds from warrant exercise - Note 12	`ProceedsFromWarrantExercises`	$1.00K	USD	Annual
Transaction and issuance costs	`PaymentsOfFinancingCosts`	$16.09M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.49M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$188.71M	USD	Annual
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.07M	USD	Annual
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-49.41M	USD	Annual
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.97M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.04M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.63M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.97M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.04M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.63M	USD	Point-in-time
Cash	`Cash`	$12.34M	USD	Point-in-time
Cash	`Cash`	$68.90M	USD	Point-in-time
Cash	`Cash`	$56.36M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$39.68M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$34.29M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.97M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.04M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.63M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Unissued (in shares)	`UnissuedShares`	21,256.00	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-439.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$16.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-68.49M	USD	Point-in-time
Common shares issued	`StockIssuedDuringPeriodValueNewIssues`	$1.00K	USD	Annual
Unredeemed SPAC shares of MUDS public stockholders	`UnredeemedSPACSharesOfMUDSPublicStockholdersValue`	$3.72M	USD	Annual
Common shares issued to underwriter	`StockIssuedDuringPeriodValueIssuedForServices`	$444.00K	USD	Annual
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$765.00K	USD	Annual
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.80M	USD	Annual
Equity issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$8.26M	USD	Annual
Stock-based compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.19M	USD	Annual
Stock-based compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$388.00K	USD	Annual
Stock issuance - other	`StockIssuedDuringPeriodValueOther`	$209.00K	USD	Annual
Private Warrants transferred to Public Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$294.00K	USD	Annual
Private Warrants transferred to Public Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$581.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-88.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-136.39M	USD	Annual
Ending balance	`StockholdersEquity`	$-439.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$16.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-68.49M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.