Billionaire investor Eric Sprott boosts his Hycroft Mining stake once again

Eric Sprott speaking at a Sprott School of Business alumni event in Toronto, Ontario. Photo credit: Carleton University

Mining

Billionaire investor Eric Sprott boosts his Hycroft Mining stake once again

He just bought another 100,000 shares

Rowan Dunne

Published

1 hour ago

Billionaire mining investor Eric Sprott is continuing to build on his significant position in Hycroft Mining Holding Corporation (NASDAQ: HYMC) (FRA: R5A).

On Apr. 24, an entity controlled by Sprott purchased another 100,000 shares at US$37.84 per share, part of a larger April buying spree that included additional 100,000-share blocks earlier in the month.

This latest acquisition extends Sprott’s aggressive 2026 buying streak. He acquired roughly 950,000 shares across multiple transactions this year. His purchases include blocks in January, February and March at prices ranging between US$40 and US$50.

Sprott evidently has strong conviction about Hycroft’s future potential. He has committed over US$225 million since mid-2025, viewing the company’s flagship Nevada project as a high-upside gold and silver story.

Following the latest purchase in late April, Sprott and related entities indirectly hold approximately 37.4 million shares, representing a major stake in excess of 40 per cent.

Hycroft attracts attention from other investors

The junior resource developer has reported strong progress at its large-scale gold-silver project in northern Nevada.

Hycroft recently announced a 55 per cent increase in measured and indicated mineral resources, reaching 16.4 million ounces of gold and 562.6 million ounces of silver. It also established an initial high-grade silver resource with underground potential. High-grade drill results at the Brimstone and Vortex zones highlight the deposit’s scale and grade, including notable silver intercepts.

Chief executive Diane Garrett has been emphasizing the company’s robust US$189 million cash position with zero debt, alongside index inclusions such as the VanEck Junior Gold Miners ETF (NYSEARCA: GDXJ) and promotion to the MSCI Small Cap Index.

Sprott is not alone with his bullish sentiment. Institutions like BlackRock Inc (NYSE: BLK), Franklin Templeton, Schroders plc (OTCMKTS: SHNWF) (LON: SDR) and others have taken notable positions, underscoring broad confidence in Hycroft’s development path despite risks and volatility faced by mining companies.

I added #HYMC on the push down this morning ($36.38). Hycroft posts Q1 results and corporate update. Eric Sprott buys 100,000 more $HYMC shares at $37.84.
📈Interesting spec trade for those bullish on silver. Please don't follow Sprott's 37M share investment, nor my own, w/o… pic.twitter.com/mHI297snri

— Tony Denaro (@Tony_Denaro) April 28, 2026

High commodity pricing lifts Nevada mining industry

Strong pricing in silver (which remains elevated above US$75 per ounce), gold and antimony extend investor excitement beyond Hycroft across the state’s mining landscape. Junior miners are benefitting immensely from this environment and positive exploration news.

NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) stands out as an early-stage developer that has seen its share price rise dramatically, up around 330 per cent in 2025. This strong market cap growth earned it a spot on the 2026 TSX Venture 50 list. Its Limousine Butte oxide gold-antimony project in Nevada has been driving this performance through recent drilling successes and notable discoveries.

Other prospectors are also posting impressive gains tied to similar dynamics in precious and critical metals. Furthermore, established majors in the region continue to deliver solid performance. Companies like Barrick Mining Corp (TSE: ABX) (NYSE: B) (ETR: ABR0), Kinross Gold Corp (TSE: K) (NYSE: KGC) (ETR: KIN2) and Newmont Corporation (TSE: NGT) (NYSE: NEM) (FRA: NMM) benefit substantially from high metal prices at their large-scale Nevada operations.