Eric Sprott Puts 98% of $3.3 Billion Fortune Into Gold and Silver Miners

1 articles · Updated · Forbes · May 10

Eric Sprott, 81, has concentrated 98% of his roughly $3.3 billion fortune in gold, silver and mining stocks, saying metals prices still have much further to run despite sharp recent swings.
Silver briefly hit $100 an ounce before falling to $76, while gold slipped below $5,000; Sprott said the volatility reflects global conflict and distrust in fiat currencies fueled by government overspending and money printing.
His portfolio spans stakes in about 120 mining companies, though it is concentrated in fewer than 10, and his wealth is up about fourfold since early 2025 even after dropping roughly 30% from a $4.6 billion peak.
Hycroft Mining is his biggest bet at about $1.3 billion after the stock surged 1,482% since the start of 2025, while Discovery Silver became another major winner after a $425 million acquisition helped lift shares 998%.
Sprott said he remains focused on silver because the market has run a supply deficit for five straight years, with industrial demand from batteries, electronics, EVs and solar panels adding to its appeal.

After a 1482% gain in one of his stocks, has the investment window in Sprott's mining picks closed?

As regulated stablecoins strengthen the dollar, is the core reason for buying gold and silver now obsolete?

With China banning silver exports, is a global bidding war for the strategic metal about to erupt?