thank call in questions. XXXX with Jack we'll to going and some call Executive participating remarks, I'm highlights update, to initial Hycroft the on Stan by Eiselein, opening Good Rideout, is you, Others ask President I'm for General who's and followed quarter then make CEO review I today along today everyone. for our first brief going Mining. Executive quarter just who and Chief Rideout provide Mike Tracey, are; second Officer; Nevada operational you Stan you. the and Financial Jack, up the our After of Vice Vice And our Officer; of Henris, and And our with Vice on financials, President achievements. Manager. to Chief Garrett, a and our Operating be call discuss President me Thank morning, Winnemucca, our Diane Tracey. spoke Hi, to President
complete infrastructure also jurisdictions world-class mining, asset best site, what the we the in Mine, It unlock North some in a of which a we million gold value Should also. up many, XXXX of sense, America have reminder, have state material. a operations. for is the with lot of in bring that resource Hycroft operation any money year defining for silver with over we're including in is ounces permitted Hycroft mill operation. it It it's sulfide we not to resource as the US As and of is and work order an lot calls, prior our of leach to a decide very resource site plenty the dollars are the of a largest XX We operational of duplicate our one we and of of to have mentioned at take for on we hundreds many XXX necessary mine to here the ounces, and would fully for oxide gold. permitted truly heap the just of current millions makes we still in of mine, second largest a and open years the areas expansion, the million as for with
resource, this proud that assets what doing So world-class at team we're very have. of the This unlock the we to is Hycroft. value and
in engaged appreciate way, reflects that inherent do communicated that then the and we to capable, some at and when is of in our that also the and price it all prior provides can to we there level asset. required reach minimizing value many identified of in the way asset. extremely and realizing which comfort to certainly the translate stock into Hycroft commercial no by this also, risk, was that to more And that us work shareholders disappointment the scale value. and this very are way operational having before team shareholder execution, value in We qualified sulfide board this components and approach is Our our a committed in opinion necessary that will commercial operations. But highly by hope management the critical gaps are we in success, works, of we are the
refer end And TRIFR in reportable XX% TRIFR, past lot that the the into is basis, for couple and to informed frequency And this that we again other at about yesterday particularly Before a of A make have plans lot announcements changes we've on the areas. do this our we're and and we've an of made of I We industry to below proud and of results good positive work. on an many, place diligently for of happening made key positive results. of on newsworthy accomplishments triple that decrease the things XX to see important at the Hycroft. over delivering year. the was recap X.XX. we and starting X.X of to team very many want rest year. But incidents decreased July, We're for working don't they fronts visions we're well safety all remarkable while budget site, and from in that the total gone rates work. I'm the please I delivering X.XX last the past. months, the address our rating I at lot the to average. have know that this remainder over for had to work schedule spoke as that on beyond, over initiatives We've interim in XXXX of still a of here year a we're of with great We've what a we that on put just improvements extremely
keeping excellence in transformed focus culture all towards over commitment one collaboration dramatic conducted which being want areas. into perspective of they Hycroft. achievement our to striving improvement We've of improvements, valued in by an many teamwork our company past site. And success revealed day. part of seen it the on And as feel the seeing survey, was We employees improved numbers they're a transparency, also team. Hycroft recommending employees' year and by that engagement And that be the the on The their our team has safe reflected remarkable from as that an operating performance today. entire morale we're is every that commented culture engagement So this this a Hycroft of of this employee place a great recently operational the employee to they friends in on the on and work.
targets. dramatically to effectively. Hycroft thank in for mining us the both to production at so targets, addition this performance it's I driving time safety is also consecutive efficiently, for more processing. restart but in not a record, that only And point, really done everybody we're have first of role continue Mine want played quarters. reducing to In And operations cost that the the been cost hasn't our this we're since met turnaround. to hit The the operations has more for you improved the its operating miraculous And their getting Hycroft XX and
in And And As of we've driven costs we've and down both improvements the utilization. of plant age our pleased the fleet. is to fruition we've initiatives into been organization, XXXX mentioned, has of I'm a of from team that areas, put itself to write-downs given operation. efficiency this and since say throughout the I in and very to also Moreover, improved no had are undertaken remarkable overall very come lot place, equipment processing the in mining inventory mineral the efficiency. to that starting the pads. and made leach
the this to of samples a And we've are lab. an the on this the been of not well is talk we're each about scale activities work variability process been some and Hycroft. on now a by underway, submitting conducting review tests internal work be ongoing, oxidation presenting quarter and doing metallurgical completed two-stage are be to for it's we've would schedule, suite team followed for program that the and being So sulfide by is with the that year, at results analyses commercial then milling we any during to end, that here first of the lab, process, are domain of drilling going on budget, we'll any let's which be and the 'XX. of met important leach those that The drilling market implementing process sent or just but year it's
been have tests the on column novel sulfide this regard us spending give considerable time initiated year. we've processing the doing money in prior we to this the and analyses application scoping process. of We've with leach so on commercial And going indicates conditions of We chemistry oxidation result mining a range of one, we And precise internal conducted the site, been is picture that to and work that are of the that can mimic on the we've of to sulfide management testing. that respect variety clear that methods. a material oxidation using and a
We previously this several have capital application us successful and costs operating to to process, commercial likely market of which update as identified any costs also better items will to that and our are the reported lead they're defined. critical
this of some option that a of been on/off pads. for include, the circuit the handling and be now year, heap some items the that circuit, work through on for doing agglomeration an those recall You'll we've forced multi-lift best injection will need air we multi-solutions know
course, study subsequent terms process based tonnage private. scoping options will to So a XXXX XXXX milling of in size the completed capital There process At And study was and progress. the to rates in that, the milling Hycroft pads. we'll throughput and time feasibility there respect a the internal was a of on for me, critical the of on need plans. was component feasibility economics the feasibility of evaluations handling company With that's then we mill the and Mine associated smaller study, mine to level on the various have and throughput, material we with process. process, determine a XXXX at excuse components AAO reduce multiple to also what on/off require in
have ton follow the that Engineering that past followed Ausenco connection the publicly. and So that work plant was that on we with XXXX Based reviewed feasibility study. per mill XX day report done very with we - technical work, or demonstration team in filed Ausenco work. Engineering, This disclosed advance has important that during we not And our just We've it. engaged the identified have feasibility to study process lot this doesn't AAO other we're negate that complete process a Engineering areas mill should it's this that on and on. a of working process to any complete we've a determined study within that feasibility Ausenco for to successful
independent as going be as IMC, many consultants, they're we're you a mine also to Ausenco. the utilizing be going of mining planning to developing know for So them subcontractor
soon very in we've This work on be pressure the of and results that, to studied expected An first first This of expect Hycroft the in completed And yield the gold ores off alkaline of to very that when higher indicates work would Previous quarter We prefeasibility have feasibility of test end be plan the selection quarter and to that to that year silver 'XX. completed we with process of we're subjected conditions. receiving that well by expect going significantly today. study processes is shortly. process. also kick oxidation a performed bids oxidation process 'XX. from recoveries pressure both firms to the in make to is any a to addition announced engineering for
oxidation feasibility been also commercial of our run-of-mine working The oxide transition and sulfide of work of by developing secondary by with and disclose we our scale for and work, end all an removing do process two-stage on in plan the optimize all for technical a in the reviewed in idea for while studies bridging And to and So been mill we've the operations that plan production, important to has run-of-mine market expose sulfide. quarter of 'XX. the doing material the we've be objective run-of-mine of XXXX to pressure a run-of-mine the the on first work for the beyond the a the which commercial cash. team will manner to the while available completed year to AAO prefeasibility, lot
is XX completed we the the results of the needs work have we to commercial we our tons other with around on coincide reports. have moved be of year and scale end ongoing the into million that expect recall This it of plan and to sulfide before can by technical mine that get You'll material operations.
on potential now everybody's cash, So know talk about always speculation let's lot that a is we of that because regarding financing. timing the And of mind. there's any
year. First in going what us lot be of a to us to use that remainder mine we're And help necessary those have year, of to of for give a any associated and are specific determine of to and this the aids all, and quarter going with we lot next our of capital first mine plans going valuable that work the work to plans. information do is
With improvements in continue to that until the are plans is of technical current made efficiency our the fleet our all of we have our utilizing fleet, mining work the completed.
that to to specifically we're we're operation will size the clarity negative the we the finalized combination know because going what most going don't We reduce or drive or know until need be operation be for going unit be of our process until will what's have the cost required plan mine haul type and we we to continue what trucks on implement how to of we're sulfide and are to going presenting. suitable is we many it, plan how to lower the processes, that, for until commercial burn going need to
re-commission We've do also a a are installation mechanically plant years. and flows you plan effort and experienced in plant So, Brimstone Brimstone about that commissioning refinery recoveries and new spoke that the North to existing the the with and operationally we phased do many many, have plant past. to to seeing Merrill-Crowe We considerable there. in upgrade the Merrill-Crowe improve we're of site the highest spent the facility, from
is for to for Shelf, and referenced, S-X plan once any the continue have also company opportunities and company. filed shelf including provides as Hycroft evaluate appropriately allows we Universal flexibility on that incorporate fund to we it also only the that filings S-X us A not proof company monitor We to the Form clarity processing which for the July, in provides mine I but methods.
and issue covenants do the any we under the to into we our remain threshold we to the achieve X current debt However, we above any with understandings cash any technical quarter then to plant complete extremely and shelf. flow of agreements second requirements. over XX own with have the securities able equipment, At have required work, do in finalize expect this team us we've I'm is generate months. under mine million $XX able not XXXX. to the or enable prices - the and our which assess plans currently is current and comfortably our pleased necessary going plans, to This sheet capital us help past to what be been utilizing to
over three We update that, And this developments the studies my results of update it to commercial and plan Rideout with on coherent with have a And an a providing different very sulfides continue full I'll turn arise. year as the look on processes. to technical operation. to mine also will providing market on clear of to successful I developments And be forward completed with they executable the to the after Stan work, throat. on we the we