Struggling Nevada precious metals company lands cash infusion from AMC and mining financier Eric Sprott

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.

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