What has Eric Sprott been up to in 2019?

By CanadianMiningReport.com Staff Writer / December 21, 2019 / Article Link

Eric Sprott, the Canadian billionaire investor who has made his fortune by investing in gold and junior mining stocks, has been on a buying spree this year. Between May and July 2019, he had invested more than $139 million in 17 gold, silver, and nickel stocks.

Gold is an attractive asset during economic slowdown. Here’s a look at Mr. Sprott’s recent investments to help inform your selection of junior mining stocks:

  •   Ely Gold Royalties Inc. (TSXV: ELY; OTCQB: ELYGF) – On December 4, 2019, Ely Gold closed a transaction for a $6 million revolving line of credit from a company controlled by Eric Sprott, 2176423 Ontario Ltd. In July 2019, Eric Sprott had acquired 5.6 million units of Ely Gold for C$1.0 million through a private placement. Sprott also paid US$1.25 million to Ely Gold for royalty acquisition.
  •   dynaCERT Inc. (TSXV: DYA; OTCQB: DYFSF) – Mr. Sprott had acquired 28 million units in Nov. ’19 for $14 million. Now, he owns or controls approximately 9.12% of the entity’s issued and outstanding shares on a non-diluted basis.
  •   Aftermath Silver Ltd. (TSXV: AAG; OTCQB: FLMZF) – Mr. Sprott had invested $2.98 million in the company through private placement in Nov. ’19.
  •   Balmoral Resources Ltd. (TSXV: BAR) – Mr. Sprott, through 2176423 Ontario Ltd., had purchased 5,882,353 units for $1 million in Nov. ’19.
  •   Irving Resources Inc. (CSE: IRV; OTCBB: IRVRF) – On November 8, 2019, Mr. Sprott announced that he had exercised his warrants, which resulted in a beneficial ownership change of more than 2%. Sprott now owns and controls 12.8% of the outstanding common shares on a partially diluted basis.
  •   Amex Exploration Inc. (TSXV: AMX) – On November 7, 2019, Mr. Sprott announced that he had increased his holdings by 4.2% for total consideration of $2 million. In Feb. ’19, Mr. Sprott had made a strategic investment of $3 million in the entity. His ownership stands at 14.9% of outstanding shares on a partially diluted basis.
  •   Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) – Mr. Sprott made a strategic investment of C$15 million in a non-brokered private placement transaction in Nov. ’19.
  •   MacDonald Mines Exploration Ltd. (TSXV: BMK) – Mr. Sprott made a long-term investment of $1.5 million in the entity in Oct. ’19.
  •   Moneta Porcupine Mines Inc. (TSX: ME) – Mr. Sprott invested $3 million in the entity in Sept. ’19.
  •   Metallic Minerals Corp. (TSXV: MMG) – The entity announced $2.75 million investment by Eric Sprott on September 30, 2019.
  •   American Creek Resources Ltd. (TSXV: AMK) – Mr. Sprott increased his investment by $1 million in the entity in Sept. ’19. His ownership increased to 9.7% of the issued and outstanding common shares on a non-diluted basis.
  •   Freegold Ventures Limited (TSX: FVL) – Mr. Sprott invested $1,940,269 in the entity to acquire 14% ownership on a non-diluted basis in Sept. ’19.
  •       Golden Tag Resources Ltd. (TSX.V: GOG) – Mr. Sprott subscribed for 13 million units in the private placement offering, making him the single largest equity holder, with ownership of 13.7% shares.
  •   Benchmark Metals Inc. (TSXV: BNCH) – Mr. Sprott invested $4 million in Sept. ’19 in the private placement transaction.
  •   KORE Mining Ltd. (TSXV: KORE) – KORE mining received $3 million as a strategic investment by Mr. Sprott in Aug. ’19.
  •   Amarillo Gold Corp. (TSXV: AGC) – Mr. Sprott invested $10 million through private placement offering in Aug. ’19, as a long-term investment.
  •   Kootenay Silver Inc. (TSXV: KTN) – Mr. Sprott invested $5 million in the company in Aug. ’19. 
  •   Teuton Resources Corp. (TSXV: TUO) – Mr. Sprott’s corporation, 2176423 Ontario Ltd., acquired 926,500 shares in Aug. ’19, which increased his total ownership to 8% on non-diluted basis.
  •   Stroud Resources Ltd. (TSXV: SDR) – Mr. Sprott acquired 3,909,939 units of the private placement offering to own 16.6% of the shares on a non-diluted basis in Aug. ’19.
  •   Chesapeake Gold Corp. (TSXV: CKG) – In Aug. ’19, Mr. Sprott increased his ownership to 10.9% of the shares on a non-diluted basis by acquiring 5,334,000 shares through a brokered offering.  
  •   Continental Gold (TSX: CNL; OTCQX: CGOOF) – Eric Sprott made total investment of US$25 million through private placement offering in July ’19.
  •   Pure Gold Mining Inc. (TSXV: PGM)In July ’19, Mr. Sprott invested C$19.8 million in the entity, representing an ownership of 10.2%.
  •   Discovery Metals Corp. (TSXV: DSV) – Mr. Sprott made an investment of $7.7 million in July ’19.
  •   Americas Silver Corporation (TSX: USA) – Mr. Sprott invested $10 million in the company in a non-brokered private placement transaction in July ’19.
  •   Brixton Metals Corporation (TSXV: BBB) – Mr. Sprott made investment of $4.005 million through 2176423 Ontario Ltd. in July ’19.  
  •   Silver One Resources Inc. (TSXV: SVE) – Mr. Sprott subscribed for $2 million in the company’s private placement offering to become the largest shareholder, with holdings of 10.9% of the issued and outstanding shares, in July ’19.
  •   Tudor Gold Corp. (TSXV: TUD) – Mr. Sprott made an additional long-term strategic investment of $3 million in the company in July ’19.
  •   Golden Predator (TSXV: GPY) – Mr. Sprott acquired 5 million shares in the private placement offering, which increased his ownership to 13 million shares of the entity in July ’19.
  •   Aurion Resources Ltd. (TSXV: AU) – Mr. Sprott invested C$5 million in the entity in July ’19, representing 5.2% ownership of basic shares. 
  •   Rio2 Limited (TSXV: RIO) – Mr. Sprott invested C$9.2 million in the entity’s private placement offering in July ’19.
  •   Jaguar Mining Inc. (TSX: JAG) – In June ’19, Mr. Sprott invested $15 million in the non-brokered private placement offering to increase his total ownership to 42.6%.
  •       Pure Nickel Inc. (CVE: NIC) – In May ’19, Mr. Sprott acquired 10,221,732 common shares of the entity, representing an ownership of 13% on non-diluted basis.
  •   Wallbridge Mining Company Limited (TSX: WM) – Mr. Sprott invested $7 million in the company in May ’19.
  •   Goldsource Mines Inc. (TSXV: GXS) – In April ’19, Mr. Sprott invested $3 million in the entity, thereby increasing his total ownership to 8.7%.
  •   Bonterra Resources Inc. (TSXV: BTR) – In Mar. ’19, 2176423 Ontario Ltd. invested an additional amount of $3 million in the entity, to own 8.1% of outstanding shares on a non-diluted basis.
  •   Royal Nickel Corporation (TSX: RNX) – In Jan ’19, the Sprott Foundation acquired 6,521,000 shares of the company. As a result, Mr. Sprott regained ownership of 10% of the miner’s shares.

Eric Sprott knows how to buy gold stocks and when Eric Sprott buys, it maybe an indication that there is substantial upside potential in metals and in junior mining stocks. Take cues from Eric Sprott’s investment patterns, and do your own research into junior mining stocks to find the best gold stocks to buy.