Hycroft Mining shares surge 11.96% intraday as gold prices rebound, boosting sentiment in the sector.

Hycroft Mining surged 11.96% intraday as gold prices rebounded for multiple days, reaching around $4,600 per ounce, lifting sentiment across the gold sector. Hycroft Mining, a U.S. gold and silver explorer at the Hycroft Mine in Nevada, directly benefits from the rise in precious metal prices.