The mining industry is dominated by major players with the capital and geographic reach to produce on a massive scale. Still, despite a recent cooling of the red-hot silver and gold rally, a major boost in recent months to the price of many precious metals may have opened up areas of potential for smaller companies as well.
One such firm is Hycroft Mining PLC (NASDAQ: HYMC). With a market capitalization of just $3.5 billion, Hycroft is just a fraction the size of $100-billion-plus rivals like Agnico Eagle Mines Ltd. (NYSE: AEM) and Newmont Corp. (NYSE: NEM). A potential growth catalyst for the company is a recent technical report with an updated mineral resource estimate (MRE) that indicates Hycroft's Nevada mining operations may contain significantly more gold and silver than previously expected.
