Accepting payment in crypto, retail popcorn sales, that’s one thing, but AMC Entertainment’s diversification push now includes acquiring a stake in a publicly traded gold and silver mining company.The nation’s largest movie chain is buying 22% of Hycroft Mining Holding Corporation.
It said it’s making the move alongside Eric Sprott, one of the world’s leading gold and silver investors who are putting a combined $56 million.
And he described the 71,000-acre Hycroft Mine in Nevada as one of North America’s largest development sites with some 15 million ounces of gold resources and some 600 million ounces of silver.
AMC will name a member to the board.Said CEO Adam Aron: “To state the obvious, one would not normally think that a movie theatre company’s core competency includes gold or silver mining.
Read more on deadline.com
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