Legendary Investor Eric Sprott, Shares the Greatest Financial Lesson He’s Ever Learned

Eric Sprott Announces Sale of Shares of Newmarket Gold

Eric Sprott announces that between July 4, 2016 and September 2, 2016, he sold, through market transactions on the Toronto Stock Exchange, 3,674,600 common shares of Newmarket Gold Inc., representing approximately 2.1% of the outstanding shares. Mr. Sprott sold the shares at an average price of $4.16 per share for total proceeds of $15.2 million.

Prior to this sale, Mr. Sprott beneficially owned and controlled 30,334,896 shares representing approximately 17.1% of the currently outstanding shares. Mr. Sprott now beneficially owns and controls 26,687,296 shares, representing approximately 15.0% of the outstanding shares.

The shares were sold for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Market Wired

Eric Sprott Acquires 10% Interest in RNC Minerals

RNC Minerals ("RNC") (TSX: RNX) is pleased to announce that, further to its news release dated September 9, 2016, Eric Sprott beneficially now owns, through his holding company 2176423 Ontario Ltd., approximately 10% of the issued and outstanding shares of RNC on a non-diluted basis and approximately 13% on a partially diluted basis. On September 23, 2016, 2176423 Ontario Ltd. acquired 27,530,000 common shares and 9,265,000 ("Warrants", as defined below) of RNC. The common shares were acquired through participation in the bought deal private placement which closed on September 23, 2016 and through a separate transaction on September 23, 2016 facilitated by Haywood Securities Inc., as lead underwriter on behalf of a syndicate of underwriters. Mr. Sprott did not beneficially own any securities of RNC prior to September 23, 2016.

2176423 Ontario Ltd. acquired 18,530,000 units of RNC ("Unit") on September 23, 2016 through the bought deal private placement offering. Each Unit consists of one RNC common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). In addition, 2176423 Ontario Ltd. acquired 9,000,000 RNC common shares as part of a separate transaction facilitated by the underwriters on September 23, 2016. In total, 2176423 Ontario Ltd. now holds 27,530,000 common shares and 9,265,000 Warrants, or 10% of the issued and outstanding common shares of RNC on a non-diluted basis and approximately 13% on a partially diluted basis.

Mark Selby, President and CEO of RNC commented, "RNC is pleased to welcome Eric Sprott, one of the world's premiere gold investors, as our largest shareholder. We are excited to have his support as RNC works to unlock the potential at Beta Hunt and focus on value creation across our portfolio of assets."

Eric Sprott commented, "I look forward to being a supportive shareholder and participating in RNC's growth as it continues to ramp up gold production at its Beta Hunt mine in Western Australia. I am also looking forward to seeing the mine unlock its excellent exploration potential to grow the existing gold resource base."

The common shares and Units were acquired by 2176423 Ontario Ltd. for investment purposes. 2176423 Ontario Ltd. has a long-term view of the investment and may acquire additional common shares or Units either on the open market or through private acquisitions or sell the common shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Junior Mining Network

Eric Sprott Announces Investment in Goldstrike Resources Ltd.

Eric Sprott announces that on September 21, 2016, he acquired ownership of 99,000 common shares of Goldstrike Resources Ltd. ("Goldstrike") at a price of $0.27 per share for total consideration of $26,730.

The 99,000 Shares represent less than 0.1% of the issued and outstanding shares of Goldstrike on a non-diluted basis. As of the date hereof, after giving effect to this acquisition, Sprott owns and controls 11,688,500 shares and 5,000,000 common share purchase warrants ("Warrants") of Goldstrike, representing approximately 7.3% of the issued and outstanding shares on a non-diluted basis, and approximately 10.1% on a partially diluted basis. Prior to the date hereof, Sprott beneficially owned 11,589,500 shares and 5,000,000 Warrants representing approximately 7.2% of the issued and outstanding shares on a non-diluted basis, and approximately 9.9% on a partially diluted basis.

The shares were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Market Wired

Sprott Monthly Market Update with Rick Rule Cobalt Bubble Coming

Sprott Money News Ask The Expert David Jensen

David Jensen is a mining executive and mining industry consultant. He joins us this month to field questions from Sprott Money customers.

- Source, Sprott Money

Eric Sprott: Don't Miss the Coming 500% Gains in Gold!

Eric Sprott discusses the renewal of the gold bull market and the future gains that he sees coming. This bull market is far from over, we live in exciting times and things are going to get a whole lot more interesting.

- Video Source

Sprott Money News - Ask The Expert With Rob Kirby

Rob Kirby of KirbyAnalytics.com answers questions from SprottMoney customers. He breaks down the current state of the global markets, the true value of gold and silver and where he see's things going from this point on. Listen to the full interview above, to learn more now.

- Video Source

Sprott Money News - Ask The Expert - Dr. Paul Craig Roberts

I think that people need to be wary that the dollar could take a hit in foreign exchange markets if Russia and China and India and the BRICs--Brazil, South Africa, if they succeed in organizing their international payments in their own currencies and simply abandon the use of the dollar because that would result in a drop in the demand for dollars in the foreign exchange markets.

And unless Washington could use currency swaps with the Japanese and the Europeans to support the dollar by purchasing it, and they might be able to do that for a short period, you'll see a decline in the dollar.

In the meantime, the growth of use of other currencies could be disrupted by Washington and Wall Street and London by shorting those currencies in foreign exchange markets, or destabilizing the currencies by sending in capital inflows, driving them up, yanking the capital inflows out, driving them down.

Like it happened to Asia in the late '90s. So the outcome of this will take a while longer. But I think that the dollar is world money... that that role is over. It effectively ended by two things. One, the massive policy of quantitative easing in which so many trillions of new dollars were created in order to support bond prices.

And then on top of that, the application of sanctions. First to Iran, an oil producer and then to Russia. Because the sanctions applied to Russia resulted in essentially Russia moving much of its energy outside the dollar system. And so, other energy producers are likely to follow that.

So the dollar's time is about up. But it could continue for several more years.

- Source, Sprott Money