Canada’s Richest People: Eric Sprott

 

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Eric Sprott

Eric Sprott

Net Worth:
$1.67 billion
(▲19.3% from 2017)

Rich 100 rank: #67
Change in rank from 2017: ▲5
Major company holdings: Sprott
Location: Toronto
Age: 73


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



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