AMC Theatres Buys $28 Million Stake in Gold and Silver Mining Company

AMC Theatres, the biggest cinema chain in the world, is buying a 22% stake in Nevada-based gold and silver mining company Hycroft Mining Holding Corp. AMC’s $27.9 million cash investment in Hycroft is the company’s latest attempt to shore up its finances after COVID-19 forced movie theaters to close. After evading bankruptcy and embracing its status as a meme stock last year, AMC announced plans to expand its business outside of box office by selling popcorn in shopping malls around the country. “AMC is playing on offense again with a bold diversification move. We just purchased 22% of Hycroft Mining… Read Full Article