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Eric Sprott boosts commitment to Kirkland Lake Gold

A worker inspects a new hoist installed at Kirkland Lake Gold's operations in the town of Kirkland Lake, Ont.

STRINGER/CANADA/REUTERS

Kirkland Lake Gold Ltd. operates five underground gold mines, three in Ontario and two in Australia.

Company chairman Eric Sprott recently announced that he would be stepping down as chairman of asset manager Sprott Inc., mentioning that he would be focusing on his personal investments. It appears Mr. Sprott is well on his way with that at Kirkland Lake Gold, where he has spent nearly $5-million picking up shares over the past month. Mr. Sprott is the largest insider company shareholder, holding 9.57 per cent of shares outstanding.

Disclaimer:

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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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