Matt Levine’s Money Stuff: AMC Bought a Gold Mine

March 15, 2022, 5:30 PM UTC

A gold mine

We haven’t checked in with AMC Entertainment Holdings Inc. recently; let’s see what they’re up to:

LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Theatres (NYSE:AMC), the largest theatrical exhibitor in the United States, in Europe & the Middle East, and in the world, today announced it is buying 22% of Hycroft Mining Holding Corporation (NASDAQ:HYMC) and its 71,000 acre Hycroft Mine in northern Nevada. Independent third-party studies confirm that the Hycroft Mine has some 15 million ounces of gold deposits and some 600 million ounces of silver deposit. In addition, AMC will receive an additional 23.4 million warrants in ...

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