Entering text into the input field will update the search result below

AMC Investing In Hycroft Mining: A Horror Movie


  • The movie theater chain and meme stock AMC is investing in Hycroft Mining, formerly known as Allied Nevada Gold.
  • The Hycroft mine carries a massive gold resource - albeit at very low grades.
  • And AMC is investing a relatively tiny amount of money compared to its market cap and past equity raises.
  • I give my honest opinion on this surprising development.
  • Looking for a helping hand in the market? Members of The Gold Bull Portfolio get exclusive ideas and guidance to navigate any climate. Learn More »

New York during the COVID-19 emergency.

Massimo Giachetti/iStock Editorial via Getty Images

AMC Entertainment Holdings (AMC) recently agreed to buy a large stake in Hycroft Mining Holding (NASDAQ:HYMC) for $27.9 million, as part of a much larger $138.6 million equity raise

Data by YCharts
AMC will invest alongside Eric Sprott, who will also contribute $27.9 million, and both investors will receive shares as well as 1 warrant per share, entitling them to buy another share at a price of $1.07.


Hycroft's performance compared to GDX (Yahoo Finance)


Hycroft's production costs for 2021 (Hycroft Mining 10-K )


Hycroft's grades are very low (Hycroft Mining)

Data by YCharts

If you want legitimate gold & silver mining stock picks, subscribe NOW The Gold Bull Portfolio! My marketplace service is dedicated to helping my subscribers find the best money-making opportunities in the gold and silver sector. 

Access all of my top gold and silver stock picks and my real-life gold portfolio, a miner rating spreadsheet with buy/hold/sell ratings on 140+ miners.

A 2-week free trial is available for a limited time only! Sign up today and you can also save 37% per year, or $271 annually, and shield yourself from any further price increases. 

This article was written by

Gold Mining Bull profile picture
Access to my personal gold portfolio and build your own winning portfolio.

With over a decade of experience in the investment industry, I am a highly skilled private investor with a proven track record of success in the commodities and hard assets sector. My areas of expertise include investing in gold and silver miners, royalty and streaming companies, pure exploration companies, as well as oil and gas producers and MLPs. My comprehensive understanding of these markets and my ability to identify and capitalize on profitable opportunities have enabled me to consistently deliver strong returns for my subscribers.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.