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Benzinga

Business

Adam Eckert

FORGOTTEN HISTORY: Why hycroft mining shares are soaring today | History Defined

Hycroft Hycroft Mining AMC AMC Entertainment AMC Entertainment Holdings Inc NYSE

Hycroft Mining Holding Corp (NASDAQ:HYMC) shares are surging Tuesday morning after AMC Entertainment Holdings Inc (NYSE:AMC) announced it's buying a 22% stake in the company.

Making an investment equal to AMC is Eric Sprott, one of the world’s leading gold and silver investors. Together, AMC and Sprott will invest $56 million, which will help Hycroft "considerably lengthen its financial runway."

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