2021 Q2 Form 10-Q Financial Statement

#000171840521000100 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q4 2020 Q2
Revenue $36.00M $15.99M $7.636M
YoY Change 371.46% 16.63%
Cost Of Revenue $33.50M $28.12M $31.86M
YoY Change 5.14% 97.61%
Gross Profit $2.500M -$12.13M -$24.23M
YoY Change -110.32% 2232.69%
Gross Profit Margin 6.94% -75.86% -317.27%
Selling, General & Admin $5.164M $2.940M $10.43M
YoY Change -50.49% -67.87% 7350.0%
% of Gross Profit 206.56%
Research & Development $1.023M
YoY Change
% of Gross Profit 40.92%
Depreciation & Amortization $2.300M $1.620M $2.760M
YoY Change -16.67% -22.12%
% of Gross Profit 92.0%
Operating Expenses $6.289M $3.030M $10.53M
YoY Change -40.25% -81.59% 71.68%
Operating Profit -$3.789M -$15.16M -$34.75M
YoY Change -89.1% -10.72% 466.84%
Interest Expense -$4.638M -$7.710M -$15.04M
YoY Change -69.16% -88.58% -1342.98%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$8.427M -$22.87M -$50.71M
YoY Change -83.38% -77.56% 131.07%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.427M -$22.87M -$50.71M
YoY Change -83.38% -77.4% 131.07%
Net Earnings / Revenue -23.41% -143.03% -664.12%
Basic Earnings Per Share -$0.14 -$2.76
Diluted Earnings Per Share -$0.14 -$326.0K -$2.76
COMMON SHARES
Basic Shares Outstanding 59.93M shares 59.74M shares 18.40M shares
Diluted Shares Outstanding 59.93M shares 18.40M shares

Balance Sheet

Concept 2021 Q2 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.22M $56.40M $47.30M
YoY Change -36.11% 809.68% 15666.67%
Cash & Equivalents $65.08M $96.04M $86.92M
Short-Term Investments
Other Short-Term Assets $43.90M $42.30M $33.00M
YoY Change 33.03% 51.61% 32900.0%
Inventory $19.09M $12.87M $9.303M
Prepaid Expenses $5.129M $3.198M $4.283M
Receivables $1.463M $426.0K $372.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $94.67M $112.0M $89.97M
YoY Change 5.22% 189.03% 22392.5%
LONG-TERM ASSETS
Property, Plant & Equipment $68.62M $60.22M $42.27M
YoY Change 62.34% 91.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.58M $13.48M $20.81M
YoY Change -29.94% -45.82%
Total Long-Term Assets $125.4M $120.6M $102.7M
YoY Change 22.05% 25.8% -51.98%
TOTAL ASSETS
Total Short-Term Assets $94.67M $112.0M $89.97M
Total Long-Term Assets $125.4M $120.6M $102.7M
Total Assets $220.0M $232.6M $192.7M
YoY Change 14.19% 72.78% -10.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.62M $12.28M $19.82M
YoY Change -21.19% 14.28%
Accrued Expenses $6.125M $4.200M $1.800M
YoY Change 240.28% 425.0%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.613M $5.120M $0.00
YoY Change -99.08%
Total Short-Term Liabilities $31.08M $21.68M $21.95M
YoY Change 41.62% -96.19%
LONG-TERM LIABILITIES
Long-Term Debt $147.9M $142.7M $139.0M
YoY Change 6.34%
Other Long-Term Liabilities $1.298M $1.650M $135.0K
YoY Change 861.48% 9066.67% -98.15%
Total Long-Term Liabilities $149.2M $144.3M $139.2M
YoY Change 7.17% 801650.0% 1806.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.08M $21.68M $21.95M
Total Long-Term Liabilities $149.2M $144.3M $139.2M
Total Liabilities $219.6M $216.0M $208.5M
YoY Change 5.32% -62.36% 2756.33%
SHAREHOLDERS EQUITY
Retained Earnings -$538.9M -$520.8M -$469.7M
YoY Change 14.73% 17.17%
Common Stock $6.000K $6.000K $5.000K
YoY Change 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $419.0K $16.62M -$15.83M
YoY Change
Total Liabilities & Shareholders Equity $220.0M $232.6M $192.7M
YoY Change 14.19% 72.78% -10.09%

Cashflow Statement

Concept 2021 Q2 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income -$8.427M -$22.87M -$50.71M
YoY Change -83.38% -77.4% 131.07%
Depreciation, Depletion And Amortization $2.300M $1.620M $2.760M
YoY Change -16.67% -22.12%
Cash From Operating Activities -$6.557M -$25.30M -$56.80M
YoY Change -88.46% -56.27% 4555.74%
INVESTING ACTIVITIES
Capital Expenditures -$3.985M -$14.20M -$11.70M
YoY Change -65.94% 15.45%
Acquisitions
YoY Change
Other Investing Activities $2.320M
YoY Change 792.31%
Cash From Investing Activities -$3.985M -$11.88M -$156.0M
YoY Change -97.44% -14.84% -13780.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -583.0K 82.07M 250.9M
YoY Change -100.23% 20.39%
NET CHANGE
Cash From Operating Activities -6.557M -25.30M -56.80M
Cash From Investing Activities -3.985M -11.88M -156.0M
Cash From Financing Activities -583.0K 82.07M 250.9M
Net Change In Cash -11.13M 44.89M 38.16M
YoY Change -129.15% -1336.64% -47800.0%
FREE CASH FLOW
Cash From Operating Activities -$6.557M -$25.30M -$56.80M
Capital Expenditures -$3.985M -$14.20M -$11.70M
Free Cash Flow -$2.572M -$11.10M -$45.10M
YoY Change -94.3% -75.63%

Facts In Submission

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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7807000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
954000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-786000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21317000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-57642000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9065000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11704000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9065000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11704000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
583000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
hymc Proceeds From Royalty Obligation
ProceedsFromRoyaltyObligation
0 USD
hymc Proceeds From Royalty Obligation
ProceedsFromRoyaltyObligation
30000000 USD
hymc Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
0 USD
hymc Proceeds From Recapitalization Transaction
ProceedsFromRecapitalizationTransaction
10419000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
15138000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-583000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1802000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
7281000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37957000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96040000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48967000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65075000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86924000 USD
CY2021Q2 us-gaap Cash
Cash
30220000 USD
CY2020Q2 us-gaap Cash
Cash
47293000 USD
CY2021Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
34855000 USD
CY2020Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
39631000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65075000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86924000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-439251000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-34618000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-473869000 USD
CY2020Q2 hymc Unredeemed Spac Shares Of Muds Public Stockholders Value
UnredeemedSPACSharesOfMUDSPublicStockholdersValue
3723000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
444000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-50712000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-15831000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
16617000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
507000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
104000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-9688000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
7540000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1011000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
284000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-8427000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
408000 USD
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Restatement of Previously Issued Financial Statements</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the Securities and Exchange Commission together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) (the “SEC Statement”). Specifically, the SEC Statement clarified guidance for all SPAC-related companies regarding the accounting and reporting for their warrants and focused in part on provisions in warrant agreements that provide for potential changes to the settlement amounts dependent upon the characteristics of the warrant holder, and because the holder of such warrants would not be an input into the pricing of a fixed-for-fixed option on equity shares, such provision would preclude such warrants from being classified in equity and thus such warrants should be classified as a liability.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As previously disclosed in the Company's Annual Report on Form 10-K/A, as filed on May 14, 2021 (“2020 Form 10-K/A”), the Company restated its previously issued consolidated financial statements and accompanying notes as of and for the year ended December 31, 2020, to make the necessary accounting corrections related to warrant accounting and to recognize certain warrants as a liability instead of as equity, in accordance with Accounting Standards Codification (“ASC”) 815-40, Contracts in Entity’s Own Equity. As a smaller reporting company that was not required to include quarterly financial information in the 2020 Form 10-K/A, the Company did not amend its previously issued Quarterly Reports on Form 10-Q for any period prior to December 31, 2020. The Company restated the condensed consolidated financial statements for the three and six month periods ended June 30, 2020, as reflected below.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following presents the restated condensed consolidated financial statements as of and for the three and six months ended June 30, 2020. The condensed consolidated statement of stockholders' equity reflects the restatement adjustments presented in the consolidated Balance Sheets presented below.</span></div>
CY2020Q2 us-gaap Assets
Assets
192681000 USD
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
21947000 USD
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
139044000 USD
CY2020Q2 hymc Royalty Obligation Noncurrent
RoyaltyObligationNoncurrent
29699000 USD
CY2020Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
4561000 USD
CY2020Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
13126000 USD
CY2020Q2 us-gaap Liabilities
Liabilities
208512000 USD
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
5000 USD
CY2020Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
453861000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-469697000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-15831000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
192681000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7636000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18760000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
31863000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
55731000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
10526000 USD
us-gaap Operating Expenses
OperatingExpenses
12625000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-34753000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-49596000 USD
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
15072000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
34959000 USD
CY2020Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
922000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
922000 USD
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
35000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
147000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-50712000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-85330000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-50712000 USD
us-gaap Net Income Loss
NetIncomeLoss
-85330000 USD
us-gaap Net Income Loss
NetIncomeLoss
-85330000 USD
hymc Non Cash Portion Of Interest Expense
NonCashPortionOfInterestExpense
30376000 USD
us-gaap Inventory Write Down
InventoryWriteDown
17924000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2753000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
592000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
922000 USD
us-gaap Accretion Expense
AccretionExpense
187000 USD
hymc Phantom Share Compensation
PhantomShareCompensation
225000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
25291000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-57642000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11704000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107303000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37957000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48967000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86924000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86924000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Risks and Uncertainties</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a single mine with its revenue, profitability, and cash flows substantially dependent on prevailing prices for gold and silver and its ability to mine sufficient volumes cost effectively. Historically, the commodity markets have been very volatile, and there can be no assurance that commodity prices will not be subject to wide fluctuations in the future. A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital and the quantities of mineral reserves that the Company can economically produce. </span></div>In addition to changes in commodity prices, other factors such as changes in mine plans, increases in costs, geotechnical failures, changes in social, environmental or regulatory requirements, taxation policies, the ability to successfully implement new technologies for processing ore, timely financing for development, impacts of global events such as the COVID-19 pandemic, and management’s decision to expand production to commercial levels can adversely affect the Company’s ability to recover its investment in certain assets and result in impairment charges.
us-gaap Net Income Loss
NetIncomeLoss
-18100000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-10100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21300000 USD
CY2021Q2 us-gaap Cash
Cash
30200000 USD
CY2021Q2 hymc Working Capital
WorkingCapital
63600000 USD
CY2021Q2 us-gaap Liabilities
Liabilities
219600000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-538900000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
9600000 USD
CY2021Q2 hymc Inventory Materials And Supplies Gold Ounces
InventoryMaterialsAndSuppliesGoldOunces
0 oz
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Use of estimates</span></div><div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Company’s financial statements requires management to make estimates and assumptions that affect amounts reported in these financial statements and accompanying notes. The more significant areas requiring the use of management estimates and assumptions relate to: recoverable gold and silver on stockpiles, leach pads and in-process inventories; timing of near-term ounce production and related sales; the useful lives of long-lived assets; probabilities of future expansion projects; estimates of mineral reserves; estimates of life-of-mine production timing, volumes, costs and prices; current and future mining and processing plans; environmental reclamation and closure costs and timing; deferred taxes and related valuation allowances; estimates of the fair value of liability classified warrants, and estimates of fair value for asset impairments and financial instruments. The Company bases its estimates on historical experience and various other assumptions that are believed to be reasonable at the time the estimate is made. Actual results may differ from amounts estimated in these financial statements, and such differences could be material. Accordingly, amounts presented in these financial statements are not indicative of results that may be expected for future periods.</span></div>
hymc Reverse Recapitalization Conversion Ratio
ReverseRecapitalizationConversionRatio
0.112
CY2021Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7211000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
6449000 USD
CY2020Q4 hymc Inventory Materials And Supplies Gold Ounces
InventoryMaterialsAndSuppliesGoldOunces
0 oz
CY2021Q2 hymc Inventory Merrill Crowe In Process Gross
InventoryMerrillCroweInProcessGross
1643000 USD
CY2021Q2 hymc Inventory Merrill Crowe In Process Gold Ounces
InventoryMerrillCroweInProcessGoldOunces
944 oz
CY2020Q4 hymc Inventory Merrill Crowe In Process Gross
InventoryMerrillCroweInProcessGross
4810000 USD
CY2020Q4 hymc Inventory Merrill Crowe In Process Gold Ounces
InventoryMerrillCroweInProcessGoldOunces
2587 oz
CY2021Q2 hymc Inventory Carbon Column In Process Gross
InventoryCarbonColumnInProcessGross
1724000 USD
CY2021Q2 hymc Inventory Carbon Column In Process Gold Ounces
InventoryCarbonColumnInProcessGoldOunces
1015 oz
CY2020Q4 hymc Inventory Carbon Column In Process Gross
InventoryCarbonColumnInProcessGross
299000 USD
CY2020Q4 hymc Inventory Carbon Column In Process Gold Ounces
InventoryCarbonColumnInProcessGoldOunces
166 oz
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8509000 USD
CY2021Q2 hymc Inventory Dor Finished Goods Gold Ounces
InventoryDorFinishedGoodsGoldOunces
5010 oz
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1309000 USD
CY2020Q4 hymc Inventory Dor Finished Goods Gold Ounces
InventoryDorFinishedGoodsGoldOunces
710 oz
CY2021Q2 hymc Inventory Ore On Stockpiles Noncurrent
InventoryOreOnStockpilesNoncurrent
0 USD
CY2021Q2 hymc Inventory Ore On Stockpiles Gold Ounces
InventoryOreOnStockpilesGoldOunces
3818 oz
CY2020Q4 hymc Inventory Ore On Stockpiles Noncurrent
InventoryOreOnStockpilesNoncurrent
0 USD
CY2020Q4 hymc Inventory Ore On Stockpiles Gold Ounces
InventoryOreOnStockpilesGoldOunces
0 oz
CY2021Q2 us-gaap Inventory Net
InventoryNet
19087000 USD
CY2021Q2 hymc Inventory Gold Ounces
InventoryGoldOunces
10787 oz
CY2020Q4 us-gaap Inventory Net
InventoryNet
12867000 USD
CY2020Q4 hymc Inventory Gold Ounces
InventoryGoldOunces
3463 oz
CY2021Q2 hymc Inventory Ore On Stockpiles Noncurrent
InventoryOreOnStockpilesNoncurrent
0 USD
CY2021Q2 hymc Capitalized Costs Inventory Capitalized Depreciation And Amortization Costs
CapitalizedCostsInventoryCapitalizedDepreciationAndAmortizationCosts
600000 USD
CY2020Q4 hymc Capitalized Costs Inventory Capitalized Depreciation And Amortization Costs
CapitalizedCostsInventoryCapitalizedDepreciationAndAmortizationCosts
300000 USD
CY2021Q2 hymc Inventory Ore On Leach Pads Current
InventoryOreOnLeachPadsCurrent
37664000 USD
CY2021Q2 hymc Ore On Leach Pads Gold Ounces Current
OreOnLeachPadsGoldOuncesCurrent
21723 oz
CY2020Q4 hymc Inventory Ore On Leach Pads Current
InventoryOreOnLeachPadsCurrent
38041000 USD
CY2020Q4 hymc Ore On Leach Pads Gold Ounces Current
OreOnLeachPadsGoldOuncesCurrent
21869 oz
CY2021Q2 hymc Inventory Ore On Leach Pads Noncurrent
InventoryOreOnLeachPadsNoncurrent
7298000 USD
CY2021Q2 hymc Ore On Leach Pads Gold Ounces Noncurrent
OreOnLeachPadsGoldOuncesNoncurrent
4209 oz
CY2020Q4 hymc Inventory Ore On Leach Pads Noncurrent
InventoryOreOnLeachPadsNoncurrent
7243000 USD
CY2020Q4 hymc Ore On Leach Pads Gold Ounces Noncurrent
OreOnLeachPadsGoldOuncesNoncurrent
4164 oz
CY2021Q2 hymc Inventory Ore On Leach Pads
InventoryOreOnLeachPads
44962000 USD
CY2021Q2 hymc Ore On Leach Pads Gold Ounces
OreOnLeachPadsGoldOunces
25932 oz
CY2020Q4 hymc Inventory Ore On Leach Pads
InventoryOreOnLeachPads
45284000 USD
CY2020Q4 hymc Ore On Leach Pads Gold Ounces
OreOnLeachPadsGoldOunces
26033 oz
CY2021Q2 hymc Capitalized Costs Ore On Leach Pads Current Net
CapitalizedCostsOreOnLeachPadsCurrentNet
1800000 USD
CY2020Q4 hymc Capitalized Costs Ore On Leach Pads Current Net
CapitalizedCostsOreOnLeachPadsCurrentNet
1800000 USD
CY2021Q2 hymc Capitalized Costs Ore On Leach Pads Noncurrent Net
CapitalizedCostsOreOnLeachPadsNoncurrentNet
300000 USD
CY2020Q4 hymc Capitalized Costs Ore On Leach Pads Noncurrent Net
CapitalizedCostsOreOnLeachPadsNoncurrentNet
400000 USD
CY2021Q2 hymc Inventory Ore On Leach Pads Production Costs Written Off
InventoryOreOnLeachPadsProductionCostsWrittenOff
0 USD
hymc Inventory Ore On Leach Pads Production Costs Written Off
InventoryOreOnLeachPadsProductionCostsWrittenOff
0 USD
CY2020Q2 hymc Inventory Ore On Leach Pads Gold Write Off
InventoryOreOnLeachPadsGoldWriteOff
6512 oz
hymc Inventory Ore On Leach Pads Gold Write Off
InventoryOreOnLeachPadsGoldWriteOff
10492 oz
CY2020Q2 hymc Inventory Ore On Leach Pads Production Costs Written Off
InventoryOreOnLeachPadsProductionCostsWrittenOff
10200000 USD
hymc Inventory Ore On Leach Pads Production Costs Written Off
InventoryOreOnLeachPadsProductionCostsWrittenOff
16700000 USD
CY2020Q2 hymc Inventory Ore On Leach Pads Capitalized Costs Written Off
InventoryOreOnLeachPadsCapitalizedCostsWrittenOff
800000 USD
hymc Inventory Ore On Leach Pads Capitalized Costs Written Off
InventoryOreOnLeachPadsCapitalizedCostsWrittenOff
1200000 USD
CY2021Q2 hymc Mine Site Period Costs Production Costs
MineSitePeriodCostsProductionCosts
2264000 USD
CY2020Q2 hymc Mine Site Period Costs Production Costs
MineSitePeriodCostsProductionCosts
11996000 USD
hymc Mine Site Period Costs Production Costs
MineSitePeriodCostsProductionCosts
12384000 USD
hymc Mine Site Period Costs Production Costs
MineSitePeriodCostsProductionCosts
18631000 USD
CY2021Q2 hymc Mine Site Period Costs Depreciation And Amortization
MineSitePeriodCostsDepreciationAndAmortization
170000 USD
CY2020Q2 hymc Mine Site Period Costs Depreciation And Amortization
MineSitePeriodCostsDepreciationAndAmortization
874000 USD
hymc Mine Site Period Costs Depreciation And Amortization
MineSitePeriodCostsDepreciationAndAmortization
594000 USD
hymc Mine Site Period Costs Depreciation And Amortization
MineSitePeriodCostsDepreciationAndAmortization
1431000 USD
CY2021Q2 hymc Mine Site Period Costs Gross
MineSitePeriodCostsGross
2434000 USD
CY2020Q2 hymc Mine Site Period Costs Gross
MineSitePeriodCostsGross
12870000 USD
hymc Mine Site Period Costs Gross
MineSitePeriodCostsGross
12978000 USD
hymc Mine Site Period Costs Gross
MineSitePeriodCostsGross
20062000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85256000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27444000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25033000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68624000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60223000 USD
CY2021Q2 us-gaap Mineral Properties Gross
MineralPropertiesGross
40000.00 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5129000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3198000 USD
CY2021Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1107000 USD
CY2020Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1105000 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6236000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4303000 USD
CY2021Q2 hymc Equipment Not In Use
EquipmentNotInUse
12238000 USD
CY2020Q4 hymc Equipment Not In Use
EquipmentNotInUse
12238000 USD
CY2021Q2 hymc Prepaid Supplies Consignment Inventory
PrepaidSuppliesConsignmentInventory
1860000 USD
CY2020Q4 hymc Prepaid Supplies Consignment Inventory
PrepaidSuppliesConsignmentInventory
885000 USD
CY2021Q2 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
480000 USD
CY2020Q4 us-gaap Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
360000 USD
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14578000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13483000 USD
CY2021Q2 us-gaap Prepaid Insurance
PrepaidInsurance
3611000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1847000 USD
CY2021Q2 hymc Prepaid Mining Claims And Permitting Fees
PrepaidMiningClaimsAndPermittingFees
1255000 USD
CY2020Q4 hymc Prepaid Mining Claims And Permitting Fees
PrepaidMiningClaimsAndPermittingFees
417000 USD
CY2021Q2 hymc Prepaid Subscription And License Fees
PrepaidSubscriptionAndLicenseFees
176000 USD
CY2020Q4 hymc Prepaid Subscription And License Fees
PrepaidSubscriptionAndLicenseFees
259000 USD
CY2021Q2 hymc Prepaid Equipment
PrepaidEquipment
0 USD
CY2020Q4 hymc Prepaid Equipment
PrepaidEquipment
423000 USD
CY2021Q2 us-gaap Other Prepaid Expense Current
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CY2021Q2 hymc Accumulated Amortization Debt Discount
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CY2020Q2 hymc Proceeds From Royalty Obligation
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30000000.0 USD
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0.015
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RoyaltyObligationSmelterPercentageOfRoyaltyWithRightToPurchase
0.333
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0.005
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0.015
CY2020Q2 hymc Royalty Obligation Smelter Right To Repurchase Percentage Of Net Smelter Returns
RoyaltyObligationSmelterRightToRepurchasePercentageOfNetSmelterReturns
0.005
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RoyaltyObligationAmortization
100000 USD
hymc Royalty Obligation Amortization
RoyaltyObligationAmortization
100000 USD
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PaymentsForRoyalties
600000 USD
us-gaap Payments For Royalties
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us-gaap Asset Retirement Obligation Accretion Expense
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CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
37000 USD
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4785000 USD
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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400000 USD
us-gaap Income Tax Expense Benefit
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CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0
us-gaap Effective Income Tax Rate Continuing Operations
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0
us-gaap Effective Income Tax Rate Continuing Operations
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0
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CY2021Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2021Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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CY2021Q2 us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
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9747000 USD
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us-gaap Fair Value Adjustment Of Warrants
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CY2021Q2 us-gaap Investment Income Interest
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9000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
32000 USD
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-8427000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q2 us-gaap Income Tax Expense Benefit
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0 USD
us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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7636000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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18760000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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55731000 USD
CY2020Q2 us-gaap Operating Expenses
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10526000 USD
us-gaap Operating Expenses
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12625000 USD
CY2020Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2020Q2 us-gaap Interest Expense Debt
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CY2020Q2 us-gaap Fair Value Adjustment Of Warrants
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922000 USD
us-gaap Fair Value Adjustment Of Warrants
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922000 USD
CY2020Q2 us-gaap Investment Income Interest
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35000 USD
us-gaap Investment Income Interest
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147000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q2 us-gaap Income Tax Expense Benefit
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0 USD
us-gaap Income Tax Expense Benefit
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0 USD
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CY2021Q2 us-gaap Long Term Debt Fair Value
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CY2020Q4 us-gaap Long Term Debt Fair Value
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154900000 USD
CY2021Q2 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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CY2021Q2 hymc Royalty Obligation Metal Price Discount Rate
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us-gaap Interest Paid Net
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532000 USD
us-gaap Interest Paid Net
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hymc Debt Increase Through Noncash In Kind Interest
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hymc Debt Increase Through Noncash In Kind Interest
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USD
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us-gaap Fair Value Of Assets Acquired
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0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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329000 USD
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us-gaap Stock Issued1
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284000 USD
us-gaap Stock Issued1
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hymc Allocate And Write Off Of Sellers Debt Issuance Costs
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0 USD
hymc Allocate And Write Off Of Sellers Debt Issuance Costs
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8202000 USD
CY2021Q2 hymc Royalty Agreement Payment Percentage Of Net Profit
RoyaltyAgreementPaymentPercentageOfNetProfit
0.04
CY2021Q2 hymc Royalty Agreement Payment Annual Advance
RoyaltyAgreementPaymentAnnualAdvance
120000 USD
CY2021Q2 hymc Royalty Agreement Payment Percentage Of Net Profit
RoyaltyAgreementPaymentPercentageOfNetProfit
0.04
CY2021Q2 hymc Royalty Agreement Payment Additional Incremental Payment
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120000 USD
CY2021Q2 hymc Royalty Agreement Payment Annual Tons Mined Threshold
RoyaltyAgreementPaymentAnnualTonsMinedThreshold
5000000.0 T
CY2021Q2 hymc Royalty Agreement Payment Annual Tons Mined Threshold
RoyaltyAgreementPaymentAnnualTonsMinedThreshold
5000000.0 T
CY2021Q2 hymc Royalty Agreement Payment Maximum Lease Payments
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7600000 USD
us-gaap Payments To Acquire Royalty Interests In Mining Properties
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2800000 USD
CY2021Q2 hymc Related Party Transaction Number Of Financial Institutions Debt Issued
RelatedPartyTransactionNumberOfFinancialInstitutionsDebtIssued
5 financial_Institution
hymc Related Party Transaction Number Of Financial Institutions Considered Related Party
RelatedPartyTransactionNumberOfFinancialInstitutionsConsideredRelatedParty
3 financial_Institution
CY2021Q2 hymc Related Party Transaction Minimum Percentage Of Common Stock Held By Related Party Right To Nominate One Director
RelatedPartyTransactionMinimumPercentageOfCommonStockHeldByRelatedPartyRightToNominateOneDirector
0.10
CY2021Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1800000 USD
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
3600000 USD
CY2020Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
12700000 USD
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
27800000 USD
CY2021Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
74800000 USD
CY2020Q4 us-gaap Due To Related Parties Current
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71200000 USD

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