Billionaire Gold Bug Eric Sprott Just Extended His Hycroft Mining Buying Spree

This month, Canadian billionaire and longtime precious-metals capitalist Eric Sprott has bought different 300,000 shares of Hycroft Mining (NASDAQ: HYMC), filed arsenic a 10% proprietor crossed 3 Form 4 transactions: 100,000 shares astatine $38.28 and 100,000 shares astatine $39.06 connected April 9, and 100,000 shares astatine $37.84 connected April 24. These purchases widen a buying streak successful the Nevada golden and metallic developer, with Sprott acquiring shares each period truthful acold successful 2026.

Sprott, laminitis of Sprott Inc. and 1 of the astir recognizable golden bugs successful superior markets, has been adding into weakness. His 2026 Form 4 way includes:

• 100,000 shares astatine $49.96 connected January 26

• 200,000 shares astatine $45.99 connected January 29

• 150,000 shares astatine $42.05 connected February 20

• 100,000 shares astatine $47.58 connected March 4

• 100,000 shares astatine $40.85 connected March 5

That totals 950,000 shares acquired crossed 7 trading days successful 2026, with the astir caller purchases made astatine the lowest prices of the streak. This signifier of accumulating into pullbacks mirrors however Sprott has historically built positions successful inferior precious-metals names.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Hycroft Mining wasn't 1 of them. Get them present FREE.

What the Thesis Looks Like

Hycroft is simply a pre-revenue exploration and improvement institution operating the Hycroft Mine successful bluish Nevada. Sprott's condemnation appears anchored to a crisp upgrade successful the assets basal disclosed successful the company's astir caller quarterly update. Hycroft reported a 55% summation successful measured and indicated golden and metallic mineral resources, with full golden resources of 16.4 cardinal ounces M&I and metallic of 562.6 cardinal ounces M&I. Drill results astatine the Vortex and Brimstone high-grade metallic systems person been notable, including a Q3 2024 spread that intersected 18.2 meters grading 1,987.35 g/t metallic astatine Brimstone.

The equilibrium expanse is the 2nd limb of the thesis. CEO Diane Garrett described "a robust equilibrium expanse with $189 cardinal successful currency and nary debt, and a 55% summation successful measured and indicated golden and metallic resources." Index inclusion offers an added structural bid: Hycroft is present successful the VanEck Junior Gold Miners ETF (GDXJ) and the MSCI Small Cap Index.