He cited AMC's success in recent years in guiding through a period of severe liquidity challenge, strengthening its balance sheet and communicating with retail investors as experience it can bring to Hycroft, which has seen its share price hurt by its own liquidity challenges. "To state the obvious, one would not normally think that a movie theatre company's core competency includes gold or silver mining," AMC Chief Executive Adam Aron said in the statement. Combined, the investment comes to $56 million, giving Hycroft financial runway. Eric Sprott, a metals investor, will make an investment equal to AMC, the company said in a statement. The company will also receive 23.4 million warrants priced at a discount of $1.07 a share. undefined and its 71,000 acre Hycroft Mine in Northern Nevada, that is understood to have 15 million ounces of gold deposits and some 600 million ounces of silver deposit. undefined said Tuesday it is buying 22% of Hycroft Mining Holding Corp. Today in what? AMC to acquire 22% of gold and silver miner Hycroft in surprise moveĪMC Entertainment Holdings Inc.
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