Hycroft Mining Holding Corp. saw its stock price reach a new four-year high on Friday, closing at $50.65 per share after an intra-day peak of $51.47. The stock ended the day up 8.48 percent.
Investors continued to add the stock to their portfolios as silver and gold prices climbed to all-time highs. Spot silver prices moved past $103, while gold approached $5,000, reaching as high as $4,988.
Geopolitical tensions between the world's largest economy and the European Union have boosted precious metals and mining stocks, even though both parties have recalled previously announced tariff plans. Investors remain cautious amid a volatile and unpredictable US president.
Hycroft Mining announced earlier that it found the highest grades of silver in the Vortex Silver System at its Nevada site. Drilling results across all depths and directions show continuity of resources.
The company is a US-based gold and silver producer exploring and developing one of the world's largest precious metals deposits in Nevada. Hycroft was among the best performers on Friday, following a recent report highlighting 10 stocks delivering double-digit gains effortlessly, with four hitting highs.