The Gold pundits or “Gold Bugs” are saying the current global banking situation is far more fragile now than it was during the financial crisis in 2008-2009 – governments around the world are spending too much money to keep economies growing and other countries are hemorrhaging or on the brink of civil war; the Gold Bugs believe it is the right time to buy gold.
The U.S. just increased the Federal government debt ceiling for the next 2 years, if the world starts to lose confidence in the U.S. dollar, there could be a major shift into gold which would drive the price higher.
Eric Sprott is a vocal proponent of buying gold. He is a billionaire, an entrepreneur and businessperson. The founder of many companies including Sprott, Inc. and Sprott Asset Management, as well as the former head of over a dozen different companies and presently holds the position of Chairman for Sprott Money and Director at Novo Resources Corp. (TSXV: NVO; OTCPK: NSRPF; DB:1NO).
And he continues to “put his money where his mouth is” by making investments in precious metals companies.
So, if you are looking for a gold company to invest in, researching where Eric Sprott is investing is a good place to start.
There have been at least 17, publicly-disclosed investments since January 1, 2019, including 3 investments in Tudor Gold since March. Mr. Sprott is probably making other investments but not disclosed as disclosure is normally only required once a shareholder or company exceeds 10% ownership.
Here is the summary list of Eric Sprott’s investments with more details on the investment and companies below:
- Americas Silver Corporation (TSX: USA; NYSE: USAS; DB: SZ71)
- Amex Exploration Inc. (TSXV: AMX; DB: MX0)
- Aurion Resources Ltd. (TSXV: AU; OTCQB: AIRRF; DB: 8RA)
- Bonterra Resources Inc. (TSXV: BTR, OTCQX: BONXF, DB: 9BR1)
- Continental Gold (TSX: CNL; OTCQX: CGOOF)
- Discovery Metals Corp. (TSXV: DSV; OTCQB: AYYBF)
- Ely Gold Royalties Inc. (TSXV: ELY; OTCQB: ELYGF)
- Golden Predator (TSXV: GPY; OTCQX: NTGSF; DB: NT9P)
- Goldsource Mines Inc. (TSXV: GXS; OTCQB: GXSFF; DB: G5M)
- Jaguar Mining Inc. (TSX: JAG; OTCQB:JAGGF; DB: 32JN)
- Pure Gold Mining Inc. (TSXV: PGM; OTCQB: LRTNF; LSE: PUR; DB: L11A)
- Rio2 Limited (TSXV: RIO; OTCQX: RIOFF; BVL: RIO)
- Royal Nickel Corporation “RNC” (TSX: RNX; OTCQX: RNKLF; DB: 5RN)
- Silver One Resources Inc. (TSXV: SVE; OTCQB: SLVRF; DB: BRK1)
- Teuton Resources Corp. (TSXV: TUO; OTCQB:TEUTF; DB: TUC)
- Tudor Gold Corp. (TSXV: TUD; OTCQB: TDRRF; DB: TUC)
- Wallbridge Mining Company Limited (TSX: WM; OTCQB: WLBMF; DB:WC7)
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Americas Silver Corporation (TSX: USA; NYSE: USAS; DB: SZ71)
- Stock Price (7/26/19): $3.70
- Market Cap (M): $305.2
- July 19, 2019: Americas Silver Corporation Closes US$10M Private Placement with Mr. Eric Sprott
- Americas Silver closed a non-brokered private placement with Eric Sprott for 3.96 million shares at a price of C$3.30/share, for proceeds of approximately US$10 million.
- Americas Silver owns and operates 2 silver mines, the San Rafael mine Sinaloa, Mexico and the Galena Complex in Idaho, U.S. with revenue in 2018 of US$68.4 million. Americas Silver is advancing its Relief Canyon Project, in Nevada, U.S. and expects gold production in Q4/2019.
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Amex Exploration Inc. (TSXV: AMX; DB: MX0)
- Stock Price (7/26/19): $1.11
- Market Cap (M): $60.7
- February 21, 2019: Amex Completes $5.4 Million Private Placement and Welcomes Eric Sprott as Strategic Investor
- Amex closed a non-brokered private placement for 7.25 million units at $0.75 per unit for $5.4 million; each Unit consisted of 1 share and one half share warrant, each full warrant has an exercise price of $1.25 per share and a term of 18 months from closing.
- Eric Sprott 4.0 million Units of the Offering for $3.0 million; Mr Sprott’s holdings represent 7.40% of the outstanding shares of Amex.
- Amex is a junior mining exploration company with multiple projects including the 100%-owned Perron gold project north of Rouyn Noranda, Quebec, Canada and the 100%-owned Eastmain River gold properties near James Bay, Quebec, Canada.
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Aurion Resources Ltd. (TSXV: AU; OTCQB: AIRRF; DB: 8RA)
- Stock Price (7/26/19): $1.60
- Market Cap (M): $120.9
- July 10, 2019: Aurion Announces Upsized Overnight Marketed Private Placement of C$10 Million of Common Shares Led by a C$5 Million Investment from Eric Sprott
- Aurion announced a $10 million offering, at a price of $1.50 per security and the offering is expected to close on July 31, 2019.
- Eric Sprott is expected to invest C$5 million in the offering.
- Aurion’s operates in what is known as a Prospect or Project Generator model, and generates or acquires early stage precious metals exploration opportunities and advance them through business partnerships or joint venture arrangements. Aurion’s current focus is exploration in the Central Lapland Greenstone Belt in Finland where it has a joint venture arrangement with B2 Gold Corp.
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Bonterra Resources Inc. (TSXV: BTR, OTCQX: BONXF, DB: 9BR1)
- Stock Price (7/26/19): $2.47
- Market Cap (M): $157.9
- March 18, 2019: Bonterra Closes $36.7M Private Placement
- Bonterra a brokered private placement for $36.7 million – 14.4 million shares at $1.95 per share and 3.3 million flow-through (“FT”) shares at a price of $2.67 per FT Share.
- As part of the offering, Eric Sprott purchased 1.54 million shares at $1.95 per share for $3.0 million and, in addition to his previously owned shares, now controls 5.2 million shares or 8.1% of
- Bonterra control three high-grade gold deposits (Gladiator, Barry and Moroy) in Quebec and 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
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Continental Gold (TSX: CNL; OTCQX: CGOOF)
- Stock Price (7/26/19): $3.95
- Market Cap (M): $802.1
- July 5, 2019: Continental Gold Announces Closing of $25 Million Private Placement with Eric Sprott
- Eric Sprott acquired 10.6 million shares in Continental Gold for a total investment of US$25 million.
- Triggered by Eric Sprott’s investment, on July 12, Newmont Goldcorp Corporation (NYSE: NEM; TSX: NGT; LSE: 0R28; DB: NMM) elected to exercise its right to maintain its pro rata ownership of Continental Gold at 9% and acquired 3.0 million shares of Continental Gold at a price of C$3.10/share, for gross proceeds of approximately US$7.2 million.
- Continental Gold is developing the Buriticá gold project in Antioquia, Colombia and expects gold production during the first half of 2020.
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Discovery Metals Corp. (TSXV: DSV; OTCQB: AYYBF)
- Stock Price (7/26/19): $0.44
- Market Cap (M): $38.4
- July 24, 2019: Discovery Metals Closes $9.0 Million Private Placement with $7.7 Million Investment from Eric Sprott
- Discovery Metals closed a non-brokered private placement of 23.2 million shares for C$9.0 million and also closed 15.9 Subscription receipts at a stock price of $0.23 per Subscription Receipt.
- Eric Sprott acquired 17.6 million shares in the offering for C$4.0 million, approximately 19.9% of Discovery Metals, and also bought 15.9 million of the Subscription Receipts for C$3.7 million that, if converted, would maintain his 19.9% interest.
- Discovery Metals is using the proceeds for the acquisition of Levon Resources Ltd (TSX: LVN; OTCQB: LVNVF; DB: 26V).
- Discovery Metals is advancing a high-grade Ag-Zn-Pb deposits in a 150,000 hectares land package in Coahuila State, Mexico. Levon Resources is exploring a large silver resource at its 100%-owned Cordero Project (37,000 hectare property) in Chihuahua State, Mexico.
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Ely Gold Royalties Inc. (TSXV: ELY; OTCQB: ELYGF)
- Stock Price (7/26/19): $0.27
- Market Cap (M): $26.7
- July 2, 2019: Ely Gold Closes Royalty Sale and Private Placement with Eric Sprott
- Ely Gold Royalties closed a royalty sale and private placement with Eric Sprott. Eric Sprott paid Ely Gold US$1.25 million to acquire a 1.0% Net Smelter Returns (NSR) royalty on the Fenelon Mine Property, in Quebec, operated by Wallbridge Mining Company Limited (TSX: WM; OTCPK: WLBMF; DB: WC7).
- In a previously announced, separate transaction, Eric Sprott acquired, through a private placement, 5.6 million units of Ely Gold at a price of C$0.18/Unit for gross proceeds of C$1.0 million. Each Unit will consist of one common share and one-half share warrant; each whole warrant is exercisable for one share for a period of three years at an exercise price of $0.30.
- Ely Gold is a Vancouver-based, royalty company with development assets focused in Nevada and Quebec. Its current portfolio includes 33 Deeded Royalties and 20 properties optioned to third parties.
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Golden Predator (TSXV: GPY; OTCQX: NTGSF; DB: NT9P)
- Stock Price (7/26/19): $0.37
- Market Cap (M): $53.8
- July 25, 2019: Golden Predator Completes $9.3 Million Private Placement
- Golden Predator (TSXV: GPY; OTCQX: NTGSF) closed a private placement and issued 11.6 million charity flow-through common shares at $0.45/share, 7.0 million traditional flow-through shares at $0.38/share, and 4.5 million non-flow-through shares at $0.32/share.
- Eric Sprott acquired 5.0 million non-flow-through shares and increased his total ownership to 13 million Class A common shares.
- Golden Predator is advancing the past-producing Brewery Creek Gold Mine towards a resumption of mining activities and also exploring the 3 Aces project, both projects in the Yukon, Canada.
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Goldsource Mines Inc. (TSXV: GXS; OTCQB: GXSFF; DB: G5M)
- Stock Price (7/26/19): $0.14
- Market Cap (M): $43.8
- April 11, 2019: Goldsource Closes $7,479,600 Brokered Private Placement, Agents’ Option Exercised in Full
- Goldsource completed a brokered private placement offering of 62.3 million Units at a price of $0.12 per Unit for $7.5 million; each Unit consisted of one share and one-half of one share purchase warrant with each full warrant entitling the holder to acquire one share at an exercise price of $0.20 until April 11, 2021.
- Eric Sprott acquired 25.0 million Units of the offering for $3.0 million and following the completion of the private placement, Mr. Sprott beneficially owns 27.0 shares, representing approximately 8.7% of Goldsource.
- Goldsource is a resource company working to develop its advanced-stage, 100%-owned Eagle Mountain saprolite and hard-rock gold project in Guyana, South America.
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Jaguar Mining Inc. (TSX: JAG; OTCQB:JAGGF; DB: 32JN)
- Stock Price (7/26/19): $0.18
- Market Cap (M): $126.5
- July 9, 2019: Jaguar Mining Announces Closing of the Final Tranche of USD$25 Million Non-Brokered Equity Private Placement Offering
- Jaguar closed a non-brokered private placement of 394.1 million shares at C$0.085 for US$25 million.
- Eric Sprott purchased 236.4 million shares for US$15 million and beneficially owns and controls 307.8 million shares, which represents 42.6% of the Jaguar’s outstanding Common shares.
- Jaguar is a junior gold mining, development, and exploration company with operations that include the Turmalina Gold Mine and Mill, and the Caeté Complex which consists of the Pilar Gold Mine and the Roca Grande Gold Mine and Caeté Mill Operations (mine under care and maintenance since 2018).
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Pure Gold Mining Inc. (TSXV: PGM; OTCQB: LRTNF; LSE: PUR; DB: L11A)
- Stock Price (7/26/19): $0.63
- Market Cap (M): $222.8
- July 18, 2019: Pure Gold Closes Previously Announced Bought Deal Private Placement and Non-Brokered Private Placement Raising Gross Proceeds of C$47.5 Million
- Pure Gold closed a bought deal private placement and concurrent non-brokered private placement, totalling C$47.5 million.
- Eric Sprott acquired 36 million Units of the bought deal private placement at C$0.55/Unit for C$19.8 million, representing approximately 10.2% ownership in Pure Gold.
- AngloGold Ashanti Limited (JSE: ANG; NYSE: AU; DB: AOD1) purchased 11.8 million Units of the non-brokered private placement at C$0.55/Unit for C$13.0 million, adding to AngloGold’s existing equity position and bringing AngloGold’s ownership to 14.1% in Pure Gold.
- Each Unit represents one share and one-half share purchase warrant; one full warrant entitles the holder to acquire one share of Pure Gold at C$0.85 until July 18, 2022.
- Other shareholders including Rob McEwen and Newmont Goldcorp Corporation (NYSE: NEM; TSX: NGT; LSE: 0R28; DB: NMM).
- Pure Gold is executing on a Madsen Red Lake strategy which includes re-opening the past-producing Madsen Mine in Red Lake, Ontario, Canada. The Madsen Mine project Feasibility Study outlines an underground mine with a production rate of 800 tonne per day, producing 79,000 ounces of gold per year, over a 12-year mine life, with Mineral Reserves of 1.0 million ounces of gold at 9.0 g/t and Mineral Resources of another 1.5 million ounces of gold at 7.8 g/t.
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Rio2 Limited (TSXV: RIO; OTCQX: RIOFF; BVL: RIO)
- Stock Price (7/26/19): $0.47
- Market Cap (M): $81.4
- July 23, 2019: Rio2 Limited Announces Upsized Bought Deal Private Placement to C$22.0 Million
- Rio2 announced a “bought deal” private placement basis with Cormark Securities Inc. for 43.75 million Units at $0.40 per Unit for $17.5 million. Each Unit will consist of one share and one-half share warrant with each full warrant exercisable at $0.50 for a period of 36 months following the closing of the offering.
- Eric Sprott agreed to purchase $9.8 million of the offering and will own 19.9% of the outstanding shares of Rio2.
- Rio2 is advancing the Fenix Gold Project in the Atacama Region in Chile, currently in the pre-feasibility stage, and net proceeds of the offering will be used to complete & file the project’s Environmental Impact Study baseline report, complete engineering studies & financing options in preparation for future mine construction activities, and commence permitting activities.
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Royal Nickel Corporation “RNC” (TSX: RNX; OTCQX: RNKLF; DB: 5RN)
- Stock Price (7/26/19): $0.54
- Market Cap (M): $295.4
- January 16, 2019: RNC Minerals Closes $9 Million Bought Deal & Concurrent Private Placement Financing
- RNC closed a bought deal and concurrent private placement financing of 19.6 million shares at a price of $0.46 per share for $9.0 million.
- Eric Sprott participated wholly in the private placement of 6.5 million shares for $3.0 million and, in addition to his previous holdings, now owns 47.7 million shares or 10.2% of the equity.
- RNC has a 100% interest in the producing Beta Hunt gold mine located in Western Australia, a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec, and owns a 24% interest in Orford Mining Corporation, a mineral explorer focused on northern Quebec.
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Silver One Resources Inc. (TSXV: SVE; OTCQB: SLVRF; DB: BRK1)
- Stock Price (7/26/19): $0.35
- Market Cap (M): $51.7
- July 11, 2019: Silver One Closes Oversubscribed Financing – Strategic Investment by Eric Sprott
- Silver One closed a private placement offering by issuing 39.8 million Units at a price of $0.125 per Unit for $4.98 million. Each Unit consists of one Share and one-half share purchase warrant, with one whole warrant entitling the holder to purchase one share at $0.20 per share for a period of three years from the date of issue.
- Eric Sprott subscribed for $2,000,000 of the financing and, as a result, is now the largest shareholder of Silver One and holds 10.9% of the shares.
- Silver One is focused on the exploration and development of silver projects and holds an option to acquire a 100%-interest in the past-producing Candelaria Mine located in Nevada, U.S.
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Teuton Resources Corp. (TSXV: TUO; OTCQB:TEUTF; DB: TUC)
- Stock Price (7/26/19): $0.34
- Market Cap (M): $14.6
- July 25, 2019: Private Placement Completed—Sprott Takes 2.5 Million Shares
- Teuton Resources completed a non-brokered private placement of 3.5 million Units at a price of $0.225 per Unit for $787,500. Each Unit consists of one common share and one share warrant exercisable at a price of $0.30 for a period of two years from closing.
- Eric Sprott acquired 2.5 million Units of the offering for $562,500, representing approximately 5.8% of Teuton Resources.
- Teuton Resources owns interests in more than thirty properties in the Golden Triangle area of British Columbia, Canada and options out the properties to other companies, in what is known as a Prospect or Project Generator model.
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Tudor Gold Corp. (TSXV: TUD; OTCQB: TDRRF; DB: TUC)
- Stock Price (7/26/19): $0.59
- Market Cap (M): $74.4
- July 19, 2019: Tudor Closes Additional $3 Million Strategic Investment by Eric Sprott
- Tudor Gold completed a non-brokered private placement with Eric Sprott of 6.7 million Units at a price of $0.45 per Unit, for $3.0 million, representing approximately 7.7% of Tudor Gold. Each Unit consisted of one share and one-half share warrant with each full warrant exercisable at $0.55 for a period of one year from closing of the offering.
- June 7, 2019: Tudor Gold Closes Oversubscribed $2.3 Million Financing Including an Additional $1 Million Strategic Investment By Eric Sprott
- Tudor Gold closed a non-brokered private placement of flow-through Units and non-flow-through Units, for $2.3 million.
- Eric Sprott acquired 2.1 million flow-through and 1.1 million non-flow-through Units for $1.0 million, and, in addition to previous share, he control 7.7% of Tudor Gold.
- March 19,2019: Tudor Gold Announces Closing of $2,983,550 Non-Brokered Private Placement Including Strategic Investment by Mr. Eric Sprott
- Tudor Gold closed a non-brokered private placement of 11.9 million Units, at a price of $0.25 per Unit, for $2.98 million; each Unit consisted of one share and one share warrant with each warrant entitling the holder to purchase one share at an exercise price of $0.40 for a period of one year from closing of the offering.
- Eric Sprott acquired 6.0 million Units for $1.5 million, representing 5.5% of Tudor Gold.
- Tudor Gold is a precious and base metals explorer with properties in British Columbia, Canada’s Golden Triangle, including a 60% interest in the 17,913 hectare Treaty Creek project and a 60% interest in the Electrum project.
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Wallbridge Mining Company Limited (TSX: WM; OTCQB: WLBMF; DB:WC7)
- Stock Price (7/26/19): $0.40
- Market Cap (M): $175.9
- May 15, 2019: Wallbridge Announces Closing of $7M Private Placement with Eric Sprott
- Wallbridge closed a non-brokered private placement 29.2 million shares at $0.24 per share for $7.0 million to Eric Sprott.
- As a result of the offering, Eric Sprott controls 116.4 million shares, representing approximately 24.9% of Wallbridge.
- Wallbridge is currently developing the 100%-owned Fenelon Gold property in Quebec, Canada.
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