Industry Reports – Fri 2 Aug, 2019

Here’s a great graphic of how much Eric Sprott has invested in the last 3 months

This graphic comes from our good friend Kai Hoffman over at Oreninc. We have talked a lot about how much Eric Sprott has been supporting the junior sector but now Kai put some numbers behind it. And these numbers are mind blowing. Eric has been responsible for at least 24% of all the money raised since May of this year, totaling over $139million! Keep in mind these numbers come from all the public data available and do not include some financing where the dollar amount was not disclosed.

Click here to visit the Oreninc website to follow along with the financing environment for the metals industry. Kai does a great job every week of keeping us all up to date.

  1. On August 2, 2019 at 9:34 am,
    OOTP says:

    Hey nice chart. Riding coat tails can be a good strategy, especially if we are at the beginning of a long bull market. That kind of negates not getting in at the bottom.

    Bought TUD.V for 54 cents. 70 cents now.

  2. On August 2, 2019 at 10:04 am,
    OOTB Jerry says:

    Sprott uses a company called 2176423 Ontario to play the space and was able to flash the cash thanks in part to a divestment from Kirkland Lake Gold, (TSX:KL) (NYSE:KL) where he was chairman until recently.

    Sprott, has sold some 3.3 million shares of Kirkland stock for C$168 million, reducing his position from 10% to 8% according to Oreninc data. Kirkland Lake has been on a roll, doubling its share price in under a year.

  3. On August 2, 2019 at 11:07 am,
    Silverdollar says:

    So……..could one infer from this posting that JAG is something worth holding on to since some big money apparently thought they were an acceptable risk???

    • On August 2, 2019 at 11:24 am,
      Matthew says:

      I will be holding onto it, for what it’s worth.

      • On August 3, 2019 at 3:31 pm,
        Excelsior says:

        I’ve been trading in and out of JAG since 2010 and have been a fan again ever since they restructured their assets and came back out to the market in late 2015/early 2016. Last year was a bummer, but in 2019, Jaguar Mining has been on tear, ane Eric’s position definitely helped the shareprice.

        Compared to other Gold producers doing 80,000-100,000 per year, it is undervalued on many metrics compared to its peers in the gold producers, and it still has a 3rd mining complex on care and maintenance that it can bring online once gold gets back over $1500 so it has some nice optionality to it.

        Go JAG!

  4. On August 2, 2019 at 3:54 pm,
    bonzo b. says:

    Nice to see USAS on the buy list.

    • On August 3, 2019 at 3:31 pm,
      Excelsior says:


  5. On August 2, 2019 at 4:53 pm,
    Dick Tracy says:

    If I had Eric’s money I would burn mine. LOL! DT

    • On August 3, 2019 at 3:32 pm,
      Excelsior says:

      DT – I believe you’d download your consciousness into a robot body if you had that kind of money. 🙂