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AMC Makes use of Its Meme Inventory Money to Purchase a Gold Mine. Its Weird, Says Analyst. – Barrons

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.

AMC (ticker: AMC) will invest $27.9 million in cash in Hycroft (HYMC) in exchange for 23.4 million warrants units, with each unit consisting of…

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