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Why AMC is betting on gold as metals surge
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Day traders looking to capitalise on commodity price volatility catalysed a chain reaction that ended with movie theatre giant AMC Entertainment’s unusual deal to take a stake in a gold-mining venture.
Hycroft Mining, which owns large gold deposits in Nevada, was on the verge of bankruptcy a few weeks ago before it caught the attention of meme-stock traders online and then of AMC CEO Adam Aron, people familiar with the matter said.
The...
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