Hycroft Mining Holding Corporation.
HYMC.US | Mining of other non-ferrous metal ores
Hycroft Mining Holding Corporation is a gold and silver mining company. It focuses on the exploration, development, and operation of the Hycroft Mine, a large-scale, open-pit heap leach operation located in northern Nevada, USA. The company's primary activity involves extracting gold and silver ores...Show More
Better Health for All
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No evidence available to assess Hycroft Mining Holding Corporation on Better Health for All.
Fair Money & Economic Opportunity
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Hycroft Mining Holding Corporation is a gold and silver mining company.
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The company does not offer lending, insurance, or deposit services to consumers.
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Therefore, all KPIs related to financial products, customer credit, savings, debt, pricing, fees, open banking APIs, and financial literacy initiatives are not applicable to its core business model. While the company has a Diversity and Inclusion Policy for its Board and management,
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and hires a high percentage of its workforce locally,
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these actions do not fall under the specific definitions of the 'inclusion_initiatives' or 'geographic_inclusion' KPIs, which are focused on financial services access and loan/insurance portfolios.
Fair Pay & Worker Respect
-10
The company reports a Total Recordable Injury Frequency Rate (TRIFR) of 0.00 for over two years, with no lost-time incidents for over 1,500 days, and zero fatalities for both direct employees and non-employees.
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It received the 2024 Operator Safety Award from the Nevada Mining Association.
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However, 0.000% of direct employees are covered by collective bargaining agreements.
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The voluntary turnover rate for direct employees is 43.2836%.
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The company has incurred no fines or non-monetary sanctions for non-compliance with laws and regulations in the current reporting period, and no significant infractions in the past two years.
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Fair Trade & Ethical Sourcing
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No specific, concrete data points were found in the provided articles to assess Hycroft Mining Holding Corporation against any of the Fair Trade & Ethical Sourcing KPIs.
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Both articles focus exclusively on the company's health and safety performance, awards, and related commitments, explicitly stating the absence of data for fair trade and ethical sourcing metrics.
Honest & Fair Business
10
Hycroft Mining reported zero instances of non-compliance with laws and regulations and $0 USD in fines for 2024 and previous reporting periods.
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The company has a Whistleblower Policy, utilizes NAVEX One - EthicsPoint for anonymous reporting, and has a non-retaliation policy for good faith reports, with annual training and certification for all representatives.
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It reported no financial restatements from previous reporting periods.
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The board has 85.7143% independent members.
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Hycroft has an Anti-Bribery and Anti-Corruption Policy, with 100% of its single operation assessed for corruption risks, and 100% of governance body members and direct employees (56 employees) communicated to and trained on anti-corruption.
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However, the company explicitly states, "We do not currently utilize external assurance services" for ethical claims.
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Kind to Animals
-10
The company's project alternatives are stated to have no impact on threatened or endangered listed species and result in fewer acres of habitat loss.
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It conducts annual monitoring, mitigation, and adaptive management procedures to reduce impacts on wildlife, including avian species.
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This involves nest surveys, installing fences and netting to prevent wildlife access, and reclaiming disturbed land to reestablish native plant and wildlife habitats.
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The company coordinates with agencies like the Nevada Department of Wildlife (NDOW) and U.S. Fish and Wildlife Service (USFWS) to limit impacts to wildlife and manages species such as the Golden Eagle, for which a Take Permit modification is required.
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The site does not traverse protected areas.
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However, the evidence does not provide measurable outcomes for species recovery or habitat restoration, nor does it specify a percentage of revenue allocated to conservation. The company maintains transparent engagement with the regulatory community and stakeholder communities, coordinating with agencies having regulatory authority to limit impacts to wildlife, but there is no evidence of active advocacy for higher animal welfare standards.
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No War, No Weapons
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Hycroft Mining Holding Corporation is a gold and silver mining company with no direct involvement in arms contracts, defense activities, or dual-use technology.
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The company reports zero revenue from arms or defense contracts, and no sales to embargoed or sanctioned regimes.
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It also states zero procurement from active conflict zones.
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The company's Code of Business Conduct and Ethics prohibits the possession or use of firearms, weapons, or explosives on its property unless authorized by an Executive Officer.
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All employees and governance body members received anti-corruption training, achieving 100% compliance with ethical standards in core business operations.
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The company states it abides by the UN Guiding Principles on Business and Human Rights and the UN Declaration of Human Rights, but implementation details are uneven.
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Its due diligence process for conflict minerals does not align with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
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Planet-Friendly Business
-20
The company's 2022 annual report summary indicates that no regulatory actions, violations, fines, or compliance issues were mentioned for that year.
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Respect for Cultures & Communities
40
Hycroft Mining recruits 100% of its direct employees from local communities, defined as within a 100-mile radius of Winnemucca, Nevada.
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The company states that 0% of its inferred, indicated, and measured resources are located in or near indigenous peoples’ land, and it does not operate or intend to operate on such land, making Free, Prior and Informed Consent (FPIC) processes not applicable.
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While the mine is not on indigenous land, Hycroft holds concessions in areas with potential impacts on cultural heritage and actively engages local tribes in reviewing and assessing potential cultural heritage sites as they present themselves.
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The company has reported zero major disruptions to cultural or heritage sites.
Safe & Smart Tech
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No evidence available to assess Hycroft Mining Holding Corporation on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No evidence available to assess Hycroft Mining Holding Corporation on Zero Waste & Sustainable Products.