AMC Theatres Buys $28 Million Stake in Gold and Silver Mining Company
Rebecca Rubin Film and Media ReporterAMC 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.