"In the period following the peak in COVID-19 case counts associated with the omicron variant in January, demand for travel has exceeded the company's previous expectations," UAL said. undefined said Tuesday it expects first-quarter total operating revenue to be near the better end of previous guidance of down between 20% and 25%, compared to the first quarter 2019. United Airlines Holdings boosts outlook as travel rebounds Hycroft shares jumped 10% premarket and are down 79% in the year to date, while the S&P) 500 undefined has gained 5%. AMC shares were up 0.4% premarket but have lost 50% of their value in the year to date as the "meme" stock trade has faded. The investment "is a truly terrific opportunity to potentially strengthen and enrich our company, and thereby create significant value for AMC Entertainment shareholders," he said. He cited AMC's success in recent years in guiding through a period of severe liquidity challenge, strengthening its balance sheet and communicating with retail investors as experience it can bring to Hycroft, which has seen its share price hurt by its own liquidity challenges.
"To state the obvious, one would not normally think that a movie theatre company's core competency includes gold or silver mining," AMC Chief Executive Adam Aron said in the statement. Combined, the investment comes to $56 million, giving Hycroft financial runway. Eric Sprott, a metals investor, will make an investment equal to AMC, the company said in a statement. The company will also receive 23.4 million warrants priced at a discount of $1.07 a share.
undefined 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. undefined said Tuesday it is buying 22% of Hycroft Mining Holding Corp.
Today in what? AMC to acquire 22% of gold and silver miner Hycroft in surprise moveĪMC Entertainment Holdings Inc.