Kirkland Lake Gold up 20 Cents on Eric Sprott Chairman Appointment

Kirkland Lake Gold (TSX:KGI) announced the appointment of Eric Steven Sprott as chairman of its board of directors. The company’s stock was up about 5 percent, or 20 cents, to $4.65 on the news.

As quoted in the press release:

Mr. Sprott, age 70, is a renowned and respected leader in the investment community and one of the world’s premiere gold and silver investors. After earning his designation as a chartered accountant, Mr. Sprott entered the investment industry as a research analyst at Merrill Lynch and Company Inc. In 1981, he founded Sprott Securities (now Cormark Securities Inc.), which today is one of Canada’s largest independently owned institutional brokerage firms. After establishing Sprott Asset Management LP., in December 2001 as a separate entity, Mr. Sprott divested his entire ownership of Sprott Securities to its employees.

Click here to read the Kirkland Lake Gold (TSX:KGI) press release