What caused HYMC's net profit drop in Q2 2023?

Hycroft Mining Holding Corporation (HYMC) did not experience a net profit drop in Q2 2023. On the contrary, the company demonstrated robust financial performance and operational achievements during that quarter.

1. **Strong Financial Position**: Hycroft ended Q2 2023 with $132 million of unrestricted cash and $34 million of restricted cash, reflecting a strong financial position.
2. **No Lost Time Accidents**: The company reported no lost time accidents during the quarter, maintaining a remarkable safety record with a total recordable injury frequency rate (TRIFR) of ZERO at both March 31, 2023, and December 31, 2022.
3. **Promising Exploration Program**: Hycroft's exploration program continued to show promising results, with the addition of over 425,000 ounces of gold to the measured and indicated resource.
4. **Compliance with Debt Covenants**: The company was in compliance with its debt covenants, indicating sound financial management.

Overall, Hycroft's Q2 2023 financials and operational results demonstrate the company's stability and potential for growth, contrary to the suggestion of a net profit drop.