Hycroft Mining (HYMC) Soars 19.5% as Gold, Silver Regain Strength

We recently published 10 Stocks Crushing Wall Street With Massive Gains. Hycroft Mining Holding Corp. (NASDAQ:HYMC) was one of the top performers on Tuesday.

Hycroft Mining soared by 19.48 percent on Tuesday to close at $42.07 apiece as investors took heart from silver and gold’s renewed strength, coupled with bargain-hunting following four straight days of decline.

As of writing, spot prices of silver were up by 2.25 percent, while gold jumped by 1.84 percent, with investors pouring funds back into the precious metals following last week’s fall.

Hycroft Mining Holding Corp. (NASDAQ:HYMC) is a US-based mining firm focused on developing one of the world’s largest gold and silver deposits in Nevada.

In recent news, Hycroft Mining Holding Corp. (NASDAQ:HYMC) announced that it had found the highest grades of silver in the Vortex Silver System at its Nevada site, and that drilling results in all depths and directions show continuity of resources.

While we acknowledge the potential of HYMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.