Mining stock mogul Eric Sprott is one of Canada’s most legendary precious metals investors, but the commodities slump of the last few years hit his fortunes hard. A recent recovery in precious metal prices and some smart moves have led to a significant reversal in his fortunes. Sprott bought stocks in several junior miners, two of which—Kirkland Lake Gold and Newmarket Gold—merged to form a significant mid-market player in September 2016. (The combined company is the subject of a $1.4-billion bid from a South African consortium.) Within a year, Sprott owned more than 21 million shares—a 10.3% stake in the company. Meanwhile, gold itself is up considerably from the bottom it hit in late 2015.
Updated Thursday, November 9, 2017