Billionaire Sprott Bags 746% Return on Idle Nevada Gold Mine

Eric Sprott in a 2013 photo.Photographer: Norm Betts/Bloomberg

Hycroft Mining Holding Corp., the owner of a non-operational gold and silver mine in northern Nevada, has seen its shares soar more than 425% over the past two months as precious metals prices have climbed to record highs.

That’s delivered glittering returns for its largest investor, Canadian billionaire Eric Sprott, a longtime gold bug whose stake has increased 746% in value to more than $2.1 billion.