SMR May 2022

Page 38

SPECIAL FOCUS

AMC has a Gold Mine! AMC Theatres (NYSE:AMC), the world's largest

theatrical exhibitor, announced it is purchasing 22 percent of Hycroft Mining Holding Corporation (NASDAQ:HYMC) and its 71,000-acre Hycroft Mine in northern Nevada. Independent third-party studies reveal that the Hycroft Mine possesses a gold deposit of 15 million ounces and a silver deposit of 600 million ounces. AMC will also receive an extra 23.4 million Hycroft warrants valued at $1.07 per share.

38 | SKILLINGS MINING REVIEW May 2022


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