Why Are Hycroft Mining Shares Surging On Friday?

by | Feb 20, 2026 | General

Hycroft Mining Holding Corp (NASDAQ:HYMC) is up on Friday, extending a volatile week driven by a landmark resource update and shifting macro winds.

Short Interest Rises

Short interest in Hycroft Mining climbed during the most recent reporting period, rising from 4.94 million to 6.92 million shares — pushing the short float to 13.69% of publicly available shares.

Based on an average daily volume of 7.23 million shares, it would take approximately one day for short holders to cover their positions without materially moving the stock. That compressed short ratio could amplify price moves in either direction.

55% Resource Growth Sparks the Rally

Hycroft logged approximately 55% growth in both gold and silver Measured and Indicated Mineral Resources, now totaling 16.4 million ounces of gold and 562.6 million ounces of silver.

The company also announced an initial high-grade silver resource of 90.2 million ounces.

Hycroft also released metallurgical test results showing gold recoveries of 83% and silver recoveries of 78% via pressure oxidation, with flotation recoveries reaching 89.5% for gold and 92.9% for silver. The company is additionally evaluating a roasting process that could generate a third revenue stream through by-product sulfuric acid production.

Macro Headwinds Remain On the Radar

Gold climbed toward $5,040 per ounce on Friday, while silver jumped about 4% to trade above $80.5 per ounce, continuing its rebound as rising geopolitical tensions and changing U.S. macroeconomic expectations boosted safe-haven demand, according to Trading Economics data.

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Hycroft Mining Holding, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Bullish (Score: 99.97) — The stock is significantly outperforming the broader market.

HYMC Price Action: Hycroft Mining Holding shares were up 7.01% at $45.10 at the time of publication on Friday, according to Benzinga Pro data.

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