amc diversifies from movie theaters into gold and silver mining splitting amc

AMC Theatres (AMC) Enters Gold and Silver Mining

 · Later in the press release, said: "… one would not normally think that a movie theatre company''s core competency includes gold or silver mining. In recent years, however, AMC Entertainment has had enormous success and demonstrated expertise in … the raising of capital, and strengthening of balance sheets, as well as communicating with individual retail …

AMC Theatres (AMC) Enters Gold and Silver Mining – Investopedia

 · AMC Entertainment Holdings, Inc. (AMC), the leading operator of movie theaters worldwide, has announced it is buying a 22% stake in Hycroft Mining Holding Corporation (HYMC), including the 71,000-acre Hycroft Mine in northern Nevada. According to independent third-party studies cited by AMC, the Hycroft Mine has some 15 million ounces of gold …

AMC Theatres (AMC) Enters Gold and Silver Mining

 · Published March 15, 2022 Making an investment equal to AMC''s is Eric Sprott, a leading gold and silver investor. Combined, AMC and Sprott are investing $56 million.

AMC movie theatre chain buys large stake in gold and silver …

 · AMC movie theatres has announced the purchase of $27.9m (£21.3m) in shares in a gold and silver mining company, Hycroft Mining Holding Corp. In an announcement on Tuesday, AMC chairman and chief ...

AMC buys stake in Nevada gold miner Hycroft Mining

 · Key Points. Movie theater chain AMC Entertainment has agreed to purchase a major stake in Hycroft Mining, a Nevada gold and silver miner. The deal would make AMC the owner of roughly 22% of ...

AMC''s Gold and Silver Mining Investments, Explained

 · For AMC, the gold and silver mining investment is a diversification and risk management strategy. Since the COVID-19 pandemic, movie theaters have temporarily or—in some cases—permanently ...

AMC Uses Its Meme Stock Money to Buy a Gold Mine. It''s ''Bizarre.''

 · AMC Entertainment just struck gold. Literally. The movie theater company announced it has bought a 22% stake in Hycroft Mining Holding and its 71,000-acre gold and silver mine in northern Nevada.

Reel change: AMC''s latest bet is in... mining

 · AMC Entertainment unveiled Tuesday a new bet likely to prompt a double-take from investors: the movie theater chain is investing $28 million in a precious metal miner. The theater giant, which was ...

AMC Entertainment buys 22% stake in a Nevada gold mine to diversify away from movie theater …

 · AMC Entertainment is using the cash it raised during last year''s meme-stock craze to buy a stake in a junior gold and silver miner based in Nevada. The movie theater chain will acquire a 22% stake ...

From the Silver Screen to a Gold Mine?

 · AMC Theaters bought a gold mine last week. A literal gold mine. The movie theater company invested $27.9 million to purchase 22% of Hycroft Mining Holding Corporation and its 71,000-acre Hycroft Mine in northern Nevada. The mine has an estimated 15 million ounces of gold deposits and some 600 million ounces of silver deposits.

AMC Theaters buys stake in small

 · The movie theater chain announced Tuesday that it would purchase 22% of Hycroft Mining Holding Corp., which operates the 71,000-acre Hycroft mine in northern Nevada, for $56 million. The mine, 55 miles west of Winnemucca, holds 15 million ounces of gold deposits and 600 million ounces of silver, AMC said, citing independent third-party studies.

AMC to buy stake in gold-and-silver mining company Hycroft

 · AMC Entertainment Holdings Inc. is buying 22% of a Nevada-based miner of gold and silver, venturing away from its core movie-theater operations as it adapts to a post-Covid-19 world. First article ...

AMC Buys Stake in Gold and Silver Mine in Nevada

 · AMC Entertainment Holdings Inc. said it''s buying 22% of a gold and silver mining company, marking an unorthodox move for the world''s largest movie-theater chain and a past darling of meme ...

AMC diversifies from movie theaters into gold and silver mining, …

 · AMC is diversifying in a direction that no one saw coming. The movie theater chain announced Monday it had bought a 22% ownership stake in a Nevada-based precious metals mining company. CEO Adam ...

Theater chain AMC uses funds raised during meme craze to buy a gold …

1 vote and 1 comment so far on Reddit

AMC Acquires 22% Stake in Silver and Gold Mine Company Hycroft

 · March 16, 2022 / Frank Nez. Hycroft Mining – AMC Entertainment''s latest investment. AMC just acquired the silver and gold mine company Hycroft at a 22% stake. CEO and President Adam announced on Twitter AMC is playing on offense with a bold diversification move. The company announced in a press release they will be receiving an ...

AMC Theatres Buys Stake in Hycroft Gold and Silver Mining …

 · March 15, 2022, 5:46 AM · 3 min read. Getty Images. In a left-field move, AMC Theatres on Tuesday announced the acquisition of a 22% minority stake in Hycroft Mining Holding Corporation, a gold ...

Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine…

 · Now that the movie theater stock is getting into gold and silver mining, they should stay far away. 10 stocks we like better than AMC Entertainment Holdings When our award-winning analyst team has ...

AMC''s Gold and Silver Mining Investments, Explained

 · For AMC, the gold and silver mining investment is a diversification and risk management strategy. Since the COVID-19 pandemic, movie theaters have temporarily or—in some cases—permanently ...

Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine?

 · Mar. 18, 2022, 08:30 AM. Nothing says you''re serious about turning around your movie theater business than investing in a defunct gold and silver miner, or so AMC Entertainment (NYSE: AMC) would ...

AMC Theatres Now Has 22% Stake In Gold and Silver Mining …

 · 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 ...

SHIB Accepting AMC Chain Buys Gold Mine: Details

 · The company has spread the word about purchasing a 22-percent stake in Hycroft Mining Holding (HYMC). Their gold and silver mine in Nevada state AMC has also bought is places on a territory of 71,000 acres. The amount of funds AMC plans to spend on this investment is $27.9 million in cash. This will buy them 23.4 million warrant units.

AMC Stock Continues to Baffle with Latest Move into Mining

 · AMC would then have an asset in the warrants worth roughly $200 million. Let''s assume the value of those warrants is somewhere in the middle, around $100 million. AMC suffered a $1.269 billion ...

Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine?

 · Nothing says you''re serious about turning around your movie theater business than investing in a defunct gold and silver miner, or so AMC Entertainment (AMC-0.24%) would have you believe. The ...

AMC Theaters buys stake in Gold and Silver Mining Company

 · AMC TheatersThe world''s largest cinema chain 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 closed movie theaters.

SII

AMC diversifies from movie theaters into gold and silver mining, splitting AMC Apes on social media Fortune 3/15/2022 AMC stuns investors with investment in gold and silver mine as it …

AMC Theaters buys $27.9M stake in gold and silver mine in …

 · Movie theater chain AMC just bought a sizable stake in a gold and silver mining firm – a surprise move for a company attempting to recover from the COVID-19 pandemic. The company said it is ...

AMC Theatres Stake in Gold, Silver Mining Company

 · March 15, 2022 3:55am. AMC Theatres CEO Adam Courtesy of Getty Images. Cinema giant AMC Theatres said Tuesday it was buying a 22 percent stake in gold and silver mining company Hycroft Mining ...

AMC buys surprise stake in a precious metals mine

 · AMC announced Tuesday that it plans to invest about $28 million to buy a 22% stake in Hycroft Mining, a Nevada-based public company that operates a gold and silver mine. Precious metals investor ...

Movie Theater Chain AMC Invests In Gold, Silver Miner – JCK

 · On March 15, AMC, the world''s largest movie theater chain—which had its coffers swell when it became a meme stock in 2021—stunned investors by purchasing a 22% stake in Hycroft Mining Holding Corp., a gold and silver mining company, for $27. 9 million in cash. "To state the obvious, one would not normally think that a movie theater ...