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.
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.

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

Read More