 DENVER, May 17, 2021 PRNewswire -- Hycroft Mining Holding Corporation Nasdaq: HYMC Hycroft or the Company, a gold and silver producer operating the Hycroft Mine in the prolific mining region of Northern Nevada, today reported its operating and financial results for the first quarter ended March 31, 2021. Highlights Production in the first quarter of 2021 of 13,858 ounces of gold and 94,845 ounces of silver exceeded plan and represented a 99 and 126 increase in ounces produced, respectively, compared with the corresponding period in 2020 Sales in the first quarter of 2021 were 9,830 ounces of gold realized average price of 1,784 per ounce and 57,236 ounces of silver realized average price of 26.12 per ounce, a 50 and 16 increase in gold and silver sales volumes, respectively, when compared with first quarter of 2020 Continued improvements in safety performance with a 1.21 trailing 12-month total reportable incident frequency rate TRIFR at the end of the first quarter of 2021 compared to 2.3 at the end of 2020, a nearly 50 reduction overall Drilling to obtain metallurgical samples for variability testing commenced as planned in March 2021 Hycroft operated at a pre-commercial scale using a run-of-mine ROM plan with direct leaching, and the associated low gold equivalent production and sales volumes and high relative operating costs resulted in a first quarter 2021 net loss and net operating cash outflows from operating activities A new 994K loader arrived as planned and is expected to improve loading capabilities and reduce unit mining costs when placed into operations during May 2021 Diane R. 