Sprott, via its subsidiary Sprott US Holdings Inc., and Tocqueville have entered into a joint-venture agreement to co-manage a new gold equities investment strategy. The partnership between Sprott and Tocqueville brings together two leading names in precious metals to create a new investment platform.
“The gold industry is currently at the beginning stages of a wave of consolidation, which creates compelling opportunities for those able to identify the companies best positioned to benefit from the sector’s new reality,” said John Hathaway, senior portfolio manager of Tocqueville. “Sprott has a long history of financing mining companies and a team of technical and M&A specialists that know the sector as well as anyone. We look forward to partnering with them on this new venture.”
The objective of the strategy is to invest in low-risk/high-reward opportunities through a concentrated portfolio of public gold mining companies where the co-managers can help bridge the gap in access to financing, value realization and market perception.
