2024 Q3 Form 10-Q Financial Statement

#000171840524000025 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $0.00
YoY Change -100.0%
Cost Of Revenue $0.00
YoY Change -100.0%
Gross Profit $0.00
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $6.528M
YoY Change 24.39%
% of Gross Profit
Research & Development $4.665M $5.053M $5.293M
YoY Change -35.21% -4.53% 3405.3%
% of Gross Profit
Depreciation & Amortization $500.0K $600.0K $711.0K
YoY Change -28.57% -15.61% -21.0%
% of Gross Profit
Operating Expenses $14.00M $14.28M $11.57M
YoY Change 3.18% 23.46% 110.27%
Operating Profit -$14.00M -$14.28M -$11.57M
YoY Change 3.18% 23.46% 36.29%
Interest Expense -$2.407M
YoY Change 409.96%
% of Operating Profit
Other Income/Expense, Net $2.403M $3.261M $144.0K
YoY Change 425.82% 2164.58%
Pretax Income -$13.89M
YoY Change 54.63%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$14.23M -$13.18M -$13.89M
YoY Change -9.45% -5.1% 54.63%
Net Earnings / Revenue
Basic Earnings Per Share -$0.59 -$0.57 -$0.07
Diluted Earnings Per Share -$0.59 -$0.57 -$0.07
COMMON SHARES
Basic Shares Outstanding 24.02M shares 23.06M shares 200.3M shares
Diluted Shares Outstanding 24.06M shares 22.98M shares 200.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.54M $58.97M $117.1M
YoY Change -47.11% -49.62% -25.81%
Cash & Equivalents $55.83M $58.55M $117.1M
Short-Term Investments $708.0K $426.0K
Other Short-Term Assets $4.277M $4.589M $4.231M
YoY Change 18.81% 8.46% -12.04%
Inventory $1.400M $1.800M $2.794M
Prepaid Expenses
Receivables $0.00
Other Receivables $7.000K $2.069M
Total Short-Term Assets $64.13M $67.22M $126.2M
YoY Change -44.45% -46.72% -30.33%
LONG-TERM ASSETS
Property, Plant & Equipment $51.96M $51.96M $54.14M
YoY Change -2.93% -4.04% -4.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $708.0K $1.277M
YoY Change
Other Assets $32.22M $35.00M $42.43M
YoY Change -24.71% -17.51% 6971.67%
Total Long-Term Assets $84.90M $88.24M $96.57M
YoY Change -11.91% -8.63% -4.47%
TOTAL ASSETS
Total Short-Term Assets $64.13M $67.22M $126.2M
Total Long-Term Assets $84.90M $88.24M $96.57M
Total Assets $149.0M $155.5M $222.7M
YoY Change -29.64% -30.2% -21.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.183M $2.049M $1.713M
YoY Change 249.4% 19.61% -82.43%
Accrued Expenses $2.278M $1.459M $1.804M
YoY Change 39.67% -19.12% 2.44%
Deferred Revenue $0.00 $300.0K $1.150M
YoY Change -100.0% -73.91%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $79.00K $105.0K $2.328M
YoY Change -96.61% -95.49% 0.09%
Total Short-Term Liabilities $9.584M $9.203M $6.995M
YoY Change 13.31% 31.57% -55.18%
LONG-TERM LIABILITIES
Long-Term Debt $122.0M $119.2M $137.5M
YoY Change -12.86% -13.34% -1.69%
Other Long-Term Liabilities $2.000K $0.00 $40.59M
YoY Change -88.24% -100.0% 15334.98%
Total Long-Term Liabilities $122.0M $119.2M $178.1M
YoY Change -12.87% -33.09% 27.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.584M $9.203M $6.995M
Total Long-Term Liabilities $122.0M $119.2M $178.1M
Total Liabilities $172.2M $165.2M $185.1M
YoY Change -9.02% -10.76% -4.23%
SHAREHOLDERS EQUITY
Retained Earnings -$773.3M -$759.1M -$697.9M
YoY Change 8.36% 8.76% 8.99%
Common Stock $21.00K $21.00K $20.00K
YoY Change 5.0% 5.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$23.13M -$9.731M $37.61M
YoY Change
Total Liabilities & Shareholders Equity $149.0M $155.5M $222.7M
YoY Change -29.64% -30.2% -21.07%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$14.23M -$13.18M -$13.89M
YoY Change -9.45% -5.1% 54.63%
Depreciation, Depletion And Amortization $500.0K $600.0K $711.0K
YoY Change -28.57% -15.61% -21.0%
Cash From Operating Activities -$7.471M -$8.598M -$13.62M
YoY Change -21.36% -36.85% -10.23%
INVESTING ACTIVITIES
Capital Expenditures $530.0K $424.0K $455.0K
YoY Change 341.67% -6.81% -427.34%
Acquisitions
YoY Change
Other Investing Activities $5.401M $1.447M $103.0K
YoY Change 1074.13% 1304.85% -92.15%
Cash From Investing Activities $4.871M $1.023M -$352.0K
YoY Change 1376.06% -390.63% -130.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 191.0K 8.859M -581.0K
YoY Change -132.37% -1624.78% -67.47%
NET CHANGE
Cash From Operating Activities -7.471M -8.598M -13.62M
Cash From Investing Activities 4.871M 1.023M -352.0K
Cash From Financing Activities 191.0K 8.859M -581.0K
Net Change In Cash -2.409M 1.284M -14.55M
YoY Change -75.32% -108.83% -7.8%
FREE CASH FLOW
Cash From Operating Activities -$7.471M -$8.598M -$13.62M
Capital Expenditures $530.0K $424.0K $455.0K
Free Cash Flow -$8.001M -$9.022M -$14.07M
YoY Change -16.83% -35.88% -6.37%

Facts In Submission

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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Stockholders Equity
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2024Q2 hymc Sale Of Stock Shares Available For Issuance Under The Plan
SaleOfStockSharesAvailableForIssuanceUnderThePlan
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CY2024Q2 hymc Sale Of Stock Shares Available For Issuance Under The Plan
SaleOfStockSharesAvailableForIssuanceUnderThePlan
100000000 usd
CY2023Q4 hymc Sale Of Stock Shares Available For Issuance Under The Plan
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us-gaap Use Of Estimates
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<div style="margin-bottom: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">Use of estimates</span></div><div style="margin-bottom: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 preparation of the 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 the useful lives of long-lived assets; future mining and processing plans; environmental reclamation and closure costs and timing; and estimates of fair value for long-lived assets, assets held-for-sale, and financial instruments. The Company bases its estimates on historical experience and other assumptions, including drilling and assay data 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 may not be indicative of results that may be expected for future periods.</span></div>
CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 hymc Prepaid Services Current
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CY2023Q4 hymc Prepaid Subscription And License Fees
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319000 usd
CY2023Q4 hymc Prepaid Insurance Noncurrent
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919000 usd
CY2023Q4 us-gaap Prepaid Expense Noncurrent
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1547000 usd
CY2024Q2 us-gaap Inventory Net
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1800000 usd
CY2023Q4 us-gaap Inventory Net
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1800000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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34014000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2024Q2 us-gaap Depreciation
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us-gaap Depreciation
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1200000 usd
CY2023Q2 us-gaap Depreciation
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us-gaap Depreciation
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1400000 usd
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26340000 usd
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CY2024Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
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CY2024Q2 hymc Disposal Group Including Discontinued Operation Equity Consideration Value
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CY2024Q2 hymc Disposal Group Including Discontinued Operation Equity Consideration Value
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CY2023Q4 us-gaap Equity Securities Fv Ni
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CY2024Q2 us-gaap Equity Securities Fvni Noncurrent
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CY2024Q2 us-gaap Equity Securities Fv Ni Current And Noncurrent
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423000 usd
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1628000 usd
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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54000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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2217000 usd
CY2024Q2 us-gaap Accumulated Amortization Deferred Finance Costs
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CY2024Q2 us-gaap Deferred Finance Costs Net
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CY2024Q2 us-gaap Long Term Debt
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CY2024Q2 us-gaap Amortization Of Debt Discount Premium
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CY2023Q2 us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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1103000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
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CY2023Q2 us-gaap Amortization Of Financing Costs
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115000 usd
us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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hymc Interest Expense Debt Other
InterestExpenseDebtOther
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hymc Interest Expense Debt Other
InterestExpenseDebtOther
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CY2024Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
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us-gaap Write Off Of Deferred Debt Issuance Cost
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InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
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CY2023Q4 us-gaap Contract With Customer Liability Current
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CY2023Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
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CY2024Q2 hymc Accrued Director Fees Current
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CY2023Q4 hymc Accrued Director Fees Current
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CY2022Q4 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
221000 usd
CY2023 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
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us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
3964000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2024Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2024Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
3172000 usd
CY2024Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6953000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
4801000 usd
CY2024Q2 hymc Asset Retirement Obligation Revision Of Estimate Operating Expenses
AssetRetirementObligationRevisionOfEstimateOperatingExpenses
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hymc Asset Retirement Obligation Revision Of Estimate Operating Expenses
AssetRetirementObligationRevisionOfEstimateOperatingExpenses
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CY2024Q1 hymc Sale Of Stock Aggregate Offering Price Maximum
SaleOfStockAggregateOfferingPriceMaximum
15300000 usd
CY2024Q2 hymc Sale Of Stock Aggregate Offering Price Maximum
SaleOfStockAggregateOfferingPriceMaximum
350000000 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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2992547 shares
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
10400000 usd
CY2024Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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2474859 shares
CY2024Q2 us-gaap Sale Of Stock Consideration Received On Transaction
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9200000 usd
CY2024Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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517688 shares
CY2024Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
1200000 usd
CY2024Q2 hymc Sale Of Stock Shares Available For Issuance Under The Plan
SaleOfStockSharesAvailableForIssuanceUnderThePlan
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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21903372 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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20054731 shares
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CY2023Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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-1.39
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9769000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9736000 shares
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
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2121000 usd
us-gaap Investment Income Interest
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Assets
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Assets
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CY2024Q2 us-gaap Gain Loss On Disposition Of Intangible Assets
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3641000 usd
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us-gaap Gain Loss On Disposition Of Intangible Assets
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3641000 usd
us-gaap Gain Loss On Disposition Of Intangible Assets
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CY2024Q2 us-gaap Gain Loss On Contract Termination
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109000 usd
CY2023Q2 us-gaap Gain Loss On Contract Termination
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0 usd
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
1550000 usd
us-gaap Gain Loss On Contract Termination
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0 usd
CY2024Q2 us-gaap Fair Value Adjustment Of Warrants
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-1000 usd
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2024Q2 us-gaap Inventory Write Down
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0 usd
CY2023Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
12000 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
85000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-131000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
85000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-490000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-490000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
0 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3261000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
144000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4565000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
266000 usd
us-gaap Interest Paid Net
InterestPaidNet
941000 usd
us-gaap Interest Paid Net
InterestPaidNet
3023000 usd
hymc Debt Increase Through Noncash In Kind Interest
DebtIncreaseThroughNoncashInKindInterest
5145000 usd
hymc Debt Increase Through Noncash In Kind Interest
DebtIncreaseThroughNoncashInKindInterest
4667000 usd
CY2024Q2 hymc Royalty Agreement Payment Percentage Of Net Profit
RoyaltyAgreementPaymentPercentageOfNetProfit
0.04
CY2024Q2 hymc Royalty Agreement Payment Annual Advance
RoyaltyAgreementPaymentAnnualAdvance
100000 usd
CY2024Q2 hymc Royalty Agreement Payment Percentage Of Net Profit
RoyaltyAgreementPaymentPercentageOfNetProfit
0.04
CY2024Q2 hymc Royalty Agreement Payment Annual Advance
RoyaltyAgreementPaymentAnnualAdvance
100000 usd
CY2024Q2 hymc Royalty Agreement Payment Annual Tons Mined Threshold
RoyaltyAgreementPaymentAnnualTonsMinedThreshold
5000000 t
CY2024Q2 hymc Royalty Agreement Payment Annual Advance
RoyaltyAgreementPaymentAnnualAdvance
100000 usd
CY2023Q4 hymc Royalty Agreement Payment Maximum Lease Payments
RoyaltyAgreementPaymentMaximumLeasePayments
7600000 usd
CY2024Q2 hymc Royalty Agreement Payment Maximum Lease Payments
RoyaltyAgreementPaymentMaximumLeasePayments
7600000 usd
us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
3300000 usd
CY2023 us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
3300000 usd
CY2020Q3 hymc Proceeds From Royalty Obligation
ProceedsFromRoyaltyObligation
30000000 usd
CY2020Q3 hymc Royalty Obligation Smelter Net Percent
RoyaltyObligationSmelterNetPercent
0.015
CY2024Q2 hymc Royalty Obligation Metal Price Discount Rate
RoyaltyObligationMetalPriceDiscountRate
0.050
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
400000 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
100000 usd
hymc Related Party Transaction Shares To Vest
RelatedPartyTransactionSharesToVest
12393 shares
hymc Related Party Transaction Shares To Vest
RelatedPartyTransactionSharesToVest
180069 shares
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001718405-24-000025-index-headers.html Edgar Link pending
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0001718405-24-000025.txt Edgar Link pending
0001718405-24-000025-xbrl.zip Edgar Link pending
exhibit311-certificationof.htm Edgar Link pending
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exhibit321-certificationof.htm Edgar Link pending
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