Why Shares of Hycroft Mining Stock Sank 18% This Week

By Brett Schafer – Mar 20, 2026 at 1:25PM ESTKey PointsHycroft Mining stock is down alongside gold and silver. The company had rocketed higher alongside the precious metals, but their prices are now falling. With no mine operational right now, investors should stay away from buying this stock. Shares of Hycroft Mining (HYMC 5.04%) have slipped 18% so far this week, according to data from S&P Global Market Intelligence. The prospective gold and silver miner is falling because the prices of both metals have fallen during the market uproar over the conflict between the United States, Israel, and Iran. After zooming to start the year, Hycroft Mining stock is down 44% from its highs. Here's why it was falling yet again, and whether now is a good time to buy the dip on the stock. ExpandNASDAQ: HYMCHycroft MiningToday's Change(-5.04%) $-1.60Current Price$30.16Key Data PointsMarket Cap$2.9BDay's Range$30.16 - $32.0652wk Range$2.30 - $58.73Volume93KAvg Vol5.4M Following metals prices Hycroft Mining owns a prospective gold and silver mine in Nevada. The company is currently not operating its mine but is exploring the potential resources it has, with updates this year highlighting larger deposits than it originally believed it had. Along with gold and silver prices rocketing higher, Hycroft Mining became one of the top-performing stocks worldwide, with shares at one point up 1,000% over the last 12 months. Now, with silver almost cut in half and gold down from $5,500 to around $4,500, investors have lost their love for mining stocks. Image source: Getty Images. Should you buy the dip? At the end of the day, mining stocks are going to follow the price of the metals or commodities they mine, and Hycroft Mining is no exception. What's unfortunate is that the company cannot capitalize on these elevated gold and silver prices because it does not currently have an operating mine. It may not have one for many years, and is not guiding for any production in 2026. This makes the stock incredibly risky, even though it is almost down 50% from its highs. Avoid buying this pre-revenue mining stock for your portfolio right now. Read NextMar 10, 2026 •By Eric VolkmanWhy Hycroft Mining Stock Triumphed on TuesdayMar 4, 2026 •By Brett SchaferWhy Hycroft Mining Stock Jumped 35% In FebruaryFeb 24, 2026 •By Eric VolkmanWhy Hycroft Mining Stock Crushed it TodayFeb 20, 2026 •By Brett SchaferWhy Hycroft Mining Stock Was Up Close to 20% This WeekFeb 18, 2026 •By James BrumleyWhy Hycroft Mining Stock Is Soaring TodayFeb 13, 2026 •By Rich SmithWhy Hycroft Mining Stock Popped TodayAbout the AuthorBrett Schafer is a contributing Motley Fool stock market analyst covering consumer goods, financials, technology, and industrials. Brett is a self-taught investor and has hosted the Chit Chat Stocks podcast since 2018. He previously worked as a lab engineer for science laboratories. He holds a bachelor’s degree in mechanical engineering with minors in finance and mathematics from Washington State University. His lab work on Major League Baseball’s juiced ball problem was featured in The Wall Street Journal and other national outlets.TMFBrettSchaferX@CCM_BrettStocks MentionedHycroft MiningNASDAQ: HYMC$30.16(-5.04%)-$1.60*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.