The combined AMC and Sprott stake is worth US$56-million, or more than half of what the company was worth before the investment was made public.
AMC is no longer the top stock holding of Gen Z investors. Plus, the bull case for Cameco and surging energy stocks “One would not normally think that a movie theatre company’s core competency includes gold or silver mining,” Adam Aron, chairman and chief executive officer of AMC, said in a release. At the moment, Hycroft is refining small amounts of gold and silver on-site. That process is high in cost and money-losing. In the company’s most recently disclosed quarter, it lost US$41-million. At the end of last year, Hycroft was holding US$12.3-million in cash versus US$159-million in debt.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CP24 - 🏆 30. / 67 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »