Hycroft Mining, a small-cap miner with a $3.5 billion market cap, released an updated mineral resource estimate showing 55% growth in measured and indicated gold and silver resources at its Nevada mine, with approximately $50 billion worth of recoverable minerals. While the company's massive reserves and strong recovery rates (83% gold, 78% silver) are promising, investors should remain cautious due to Hycroft's lack of profitability, minimal revenue, significant capital requirements, and exposure to precious metals price volatility.

Hycroft Mining shares surged 11.41% after mining billionaire Eric Sprott increased his stake in the company by purchasing 150,000 shares, bringing his ownership to approximately 44%. The stock rally was driven by investor confidence in Sprott's vote of confidence, despite the company still being in development stages with no revenue. A recent mineral resource estimate also showed the company's mine contains 55% more precious metals than previously estimated.

Hycroft Mining stock surged 25.9% after an independent assessment revealed the company's Nevada mine contains 55% more measured and indicated gold and silver resources than previously estimated in 2023. Recovery rates of 83% for gold and 77% for silver suggest a total resource value exceeding $50 billion at current prices. However, the article cautions that production could take years, require billions in investment, and profitability is uncertain. Additionally, the stock remains vulnerable to precious metal price fluctuations.

Hycroft Mining (HYMC) shares fell 7.26% on Tuesday due to Lunar New Year market closures in Asia and investor caution ahead of the Federal Reserve's January meeting minutes. The decline is also attributed to volatile precious metals prices, with gold fluctuating significantly and currently trading below $4,900 per ounce. Technical indicators show bearish pressure with the stock trading below key moving averages and MACD below its signal line.

Gold surged above $5,000 per ounce for the first time, driven by geopolitical tensions including Trump's tariff threats on Canada, the Greenland conflict, and an impending government shutdown. The Federal Reserve meets this week amid uncertainty, while gold miners benefit from the precious metals rally as investors seek safe-haven assets.

Silver surged past $92 per ounce for the first time on record, up 200% over the past year, driven by easing inflation expectations, Federal Reserve rate cut bets, safe-haven flows, and structural supply deficits. While silver miners have underperformed the commodity, five silver-focused miners have delivered comparable gains over the past three months, presenting a potential catch-up trade opportunity.

Silver mining stocks and ETFs have posted their best weekly performance in over four years, driven by a surge in silver prices due to rising gold, expectations of a Federal Reserve rate cut, and a global supply deficit.

Shares of NextPlat Corp (NASDAQ: NXPL) rose sharply in today’s pre-market trading after the company reported consolidated 2023 revenues of $37.8 million, up 222% year over year NextPlat shares surged 29.8% to $1.96 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers   Allarity Therapeutics, Inc. (NASDAQ: ALLR) shares rose 100.8% to $4.62 in pre-market trading after dipping 29% on Thursday. Allarity Therapeutics filed prospectus supplement to increase offering price of common stock that may be offered from $1.4 million to $2.4 million. PaxMedica, Inc. (NASDAQ: PXMD) gained 77.2% to $0.7353 in pre-market trading after the company announced the completed execution of its three pivotal registration/validation batches of PAX-101. OncoCyte Corporation (NASDAQ: OCX) shares gained 42.3% to $4.27 in pre-market trading. Oncocyte priced its $15.8 million private placement of securities priced at-the-market under Nasdaq rules. Zapata Computing Holdings Inc. (NASDAQ: ZPTA) climbed 31.2% to $3.29 in pre-market trading after gaining over 5% on Thursday. AMTD Digital Inc. (NYSE: HKD) shares gained 26.5% to $4.01 in pre-market trading. Beneficient (NASDAQ: BENF) rose 24.3% to ...

Precious metals surged once again in response to Fed Chair Jerome Powell‘s recent statements hinting at potential monetary policy easing in 2024, contingent upon further positive data on inflation and growing confidence that price pressures will align with the 2% target. Gold prices, as gauged by the SPDR Gold Trust (NYSE:GLD), soared 0.8% to $2,150/oz during midday trading in New York, surpassing the previous peak of $2,146/oz set in December 2023. The yellow metal is now on track for its seventh consecutive day of gains. Similarly, silver experienced a notable 2.2% rally, reaching $24.20/oz, its highest level since the end of December 2023. Since the beginning of the month, both gold and silver have seen impressive gains of 5% and 6.4%, respectively. Treasury yields extended their decline on Wednesday, with the 10-year yield falling to ...Full story available on Benzinga.com

“It’s a simple idea that makes sense,” said Wedbush analyst Alicia Reese.

AMC already offers branded popcorn and is preparing to launch branded gourmet chocolate candies.

AMC's stock plunged Wednesday toward a record low after the movie-theater operator filed for the sale of up to 40 million shares.