AMC stuns traders with investment in gold and silver mine as it puts $1.8 billion war chest to work

AMC Leisure Holdings Inc. surprised traders Tuesday with the information of an investment decision in a gold and silver mine that is nicely outside the house of its main cinema company.

The business is purchasing 22% of Hycroft Mining Keeping Corp.
HYMC,
-.76%
and its 71,000 acre Hycroft Mine in Northern Nevada, that is recognized to have 15 million ounces of gold deposits and some 600 million ounces of silver deposit.

AMC
AMC,
+.44%
will also acquire 23.4 million warrants priced at $1.07 a share, a discounted about Hycroft shares closing price tag Monday of $1.37.

Eric Sprott, a seasoned

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