U.S. Gold and Silver Mining Stocks Lose $150 Million in a Day

Hycroft Mining Holding Corporation (NASDAQ: HYMC) closed down 5.31% at $36.65 on February 10, with trading volume exceeding 2.63 million shares. Its market capitalization fell to approximately $3.04 billion, erasing about $153 million in value in a single day.

Earlier in 2025, the company raised roughly $235 million through public and private offerings and used $136 million of the proceeds to repay its debt ahead of schedule, effectively becoming debt-free. Beginning in the second half of 2025, Hycroft launched a large-scale drilling program running through 2026 to accelerate exploration and development of high-grade silver deposits near its Nevada mine.

Hycroft Mining Holding is a small-to-mid-cap miner focused on gold and silver development at its Hycroft mine in northern Nevada. Having historically processed primarily oxide ores, the company is now converting its facilities to handle sulfide ores through a large-scale smelter expansion. With more than 64,000 leased acres—of which less than 10% has been explored—the potential to discover additional resources and a high-grade silver system is viewed as a key factor in any future revaluation of its share price.