AMC stuns investors with investment in gold and silver mine as it puts $1.8 billion war chest to work

MarketWatch/Ciarra Linane/3-15-2022

“The company is buying 22% of Hycroft Mining Holding Corp. HYMC, 28.06% and its 71,000 acre Hycroft Mine in Northern Nevada, that is understood to have 15 million ounces of gold deposits and some 600 million ounces of silver deposit.”

USAGOLD note: AMC’s interest in precious metals will turn more than a few heads in the investment business. One wonders if we are going to see more of this sort of thing as we move along the inflation highway.

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