10-Q Filing

HYCROFT MINING HOLDING CORP CIK: 1718405 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001718405-22-000021`
Period End Date	20220331
Filing Date	20220504
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	hymc-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 36 Cash Flow Statement 63 Stockholders Equity 15

Balance Sheet 68 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
Cash	`Cash`	$172.78M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash	`Cash`	$36.50M	USD	Point-in-time
Cash	`Cash`	$12.34M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	60.43M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.53M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.53M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	196.80M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	196.80M	shares	Point-in-time
Inventories	`InventoryNet`	$11.07M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	60.43M	shares	Point-in-time
Inventories	`InventoryNet`	$11.13M	USD	Point-in-time
Ore on leach pads	`InventoryOreOnLeachPadsCurrent`	$3.68M	USD	Point-in-time
Ore on leach pads	`InventoryOreOnLeachPadsCurrent`	$10.11M	USD	Point-in-time
Prepaids and other, net	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Prepaids and other, net	`PrepaidExpenseAndOtherAssetsCurrent`	$2.34M	USD	Point-in-time
Current assets	`AssetsCurrent`	$190.30M	USD	Point-in-time
Current assets	`AssetsCurrent`	$37.39M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$58.48M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$57.85M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$34.29M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$34.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$600.00K	USD	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$10.31M	USD	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$11.56M	USD	Point-in-time
Total assets	`Assets`	$293.35M	USD	Point-in-time
Total assets	`Assets`	$142.32M	USD	Point-in-time
Total assets	`Assets`	$222.90M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.35M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.43M	USD	Point-in-time
Debt, net	`LongTermDebtCurrent`	$16.67M	USD	Point-in-time
Debt, net	`LongTermDebtCurrent`	$2.33M	USD	Point-in-time
Deferred gain on sale of royalty	`DeferredGainOnSaleOfRoyaltyCurrent`	-	USD	Point-in-time
Deferred gain on sale of royalty	`DeferredGainOnSaleOfRoyaltyCurrent`	$125.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$15.27M	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$31.27M	USD	Point-in-time
Debt, net	`LongTermDebtNoncurrent`	$143.64M	USD	Point-in-time
Debt, net	`LongTermDebtNoncurrent`	$137.38M	USD	Point-in-time
Deferred gain on sale of royalty	`DeferredGainOnSaleOfRoyaltyNoncurrent`	$29.71M	USD	Point-in-time
Deferred gain on sale of royalty	`DeferredGainOnSaleOfRoyaltyNoncurrent`	$29.84M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstandingNoncurrent`	$669.00K	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstandingNoncurrent`	$5.99M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$5.19M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$5.29M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$339.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$301.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$210.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$194.07M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 400,000,000 shares authorized; 196,803,459 issued and outstanding at March 31, 2022; and 60,433,395 issued and outstanding at December 31, 2021	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $0.0001 par value; 400,000,000 shares authorized; 196,803,459 issued and outstanding at March 31, 2022; and 60,433,395 issued and outstanding at December 31, 2021	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$540.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$730.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-631.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-609.32M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$7.55M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$16.62M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-68.49M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$99.29M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$293.35M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$142.32M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.04M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.17M	USD	1 Quarter
Production costs	`ManufacturingCosts`	$9.58M	USD	1 Quarter
Production costs	`ManufacturingCosts`	$17.82M	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$920.00K	USD	1 Quarter
Depreciation and amortization	`CostDepreciationAmortizationAndDepletion`	$1.04M	USD	1 Quarter
Mine site period costs	`MineSitePeriodCosts`	$6.47M	USD	1 Quarter
Mine site period costs	`MineSitePeriodCosts`	$10.54M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$16.97M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$29.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.07M	USD	1 Quarter
Projects, exploration and development	`CostsIncurredDevelopmentCosts`	$1.04M	USD	1 Quarter
Projects, exploration and development	`CostsIncurredDevelopmentCosts`	$493.00K	USD	1 Quarter
Accretion	`AccretionExpense`	$102.00K	USD	1 Quarter
Accretion	`AccretionExpense`	$102.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.02M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpenseDebt`	$5.35M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpenseDebt`	$4.45M	USD	1 Quarter
Fair value adjustment to warrants	`FairValueAdjustmentOfWarrants`	$-9.49M	USD	1 Quarter
Fair value adjustment to warrants	`FairValueAdjustmentOfWarrants`	$5.32M	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$625.00K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.69M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-22.06M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.27	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	59.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.20M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.69M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.06M	USD	1 Quarter
Non-cash portion of interest expense	`NonCashPortionOfInterestExpense`	$3.83M	USD	1 Quarter
Non-cash portion of interest expense	`NonCashPortionOfInterestExpense`	$4.44M	USD	1 Quarter
Non-cash loss (gain) on fair value adjustment for warrant liabilities	`FairValueAdjustmentOfWarrants`	$-9.49M	USD	1 Quarter
Non-cash loss (gain) on fair value adjustment for warrant liabilities	`FairValueAdjustmentOfWarrants`	$5.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$920.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$401.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$538.00K	USD	1 Quarter
Accretion	`AccretionExpense`	$102.00K	USD	1 Quarter
Accretion	`AccretionExpense`	$102.00K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$625.00K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-412.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Production-related inventories	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$-6.14M	USD	1 Quarter
Production-related inventories	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$3.97M	USD	1 Quarter
Materials and supplies inventories	`IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories`	$-166.00K	USD	1 Quarter
Materials and supplies inventories	`IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories`	$-167.00K	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.16M	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.80M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$574.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$632.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.92M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.76M	USD	1 Quarter
Additions to plant, equipment, and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$351.00K	USD	1 Quarter
Additions to plant, equipment, and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.08M	USD	1 Quarter
Proceeds for sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	1 Quarter
Proceeds for sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$711.00K	USD	1 Quarter
Proceeds for assets held for sale	`ProceedsFromSaleOfPropertyHeldForSale`	-	USD	1 Quarter
Proceeds for assets held for sale	`ProceedsFromSaleOfPropertyHeldForSale`	$1.25M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.08M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.61M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfOtherDebt`	-	USD	1 Quarter
Principal payments on debt	`RepaymentsOfOtherDebt`	$24.41M	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$31.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$190.18M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$165.74M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$160.44M	USD	1 Quarter
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.84M	USD	1 Quarter
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.20M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$207.07M	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`	$76.20M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$207.07M	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`	$172.78M	USD	Point-in-time
Cash	`Cash`	$36.50M	USD	Point-in-time
Cash	`Cash`	$12.34M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$39.70M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$34.29M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.20M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$207.07M	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 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$7.55M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$16.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-68.49M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$99.29M	USD	Point-in-time
Issuance of common stock and warrants	`StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrants`	$189.41M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$37.00K	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$115.00K	USD	1 Quarter
Stock-based compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$391.00K	USD	1 Quarter
Stock-based compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$507.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.69M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.06M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$7.55M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$16.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-68.49M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$99.29M	USD	Point-in-time

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