Hycroft Surpasses AMC in Market Cap

Hycroft Mining (HYMC) has now surpassed AMC Entertainment in market capitalization… a stunning outcome rooted in the meme-stock era.

In March 2022, AMC invested in Hycroft, instantly transferring its meme-stock credibility to a junior gold miner that previously traded like a distressed asset. At the time, HYMC’s market cap exploded from roughly $20 million to over $500 million, with AMC itself carrying a market capitalization of more than $15 billion.

That investment didn’t change Hycroft’s mine economics… it changed who owned the stock and why. HYMC stopped trading like a gold developer and began trading as a cultural meme asset.

For a large segment of Gen Z investors who entered markets during the meme-stock era, HYMC became effectively the only gold stock they recognize by name… not because of cash flow or feasibility studies, but because it crossed into social-media culture.

Today, the irony is complete: HYMC now carries a market cap of approximately $1.24 billion, while AMC (the company that gave it meme legitimacy) trades near $913 million amid ongoing financial strain and dilution risk.