www.sprott.com
Sprott Asset Management Inc. is an independent asset management company based in North America. As of December 31, 2008, the Company had approximately 90,000 client accounts comprised primarily of retail, high net worth and, to a lesser extent, institutional investors.
Sprott Asset Management ups stake in Norseman Gold to 12.6%
Toronto based investment firm, Sprott Asset Management (TSX: SII) has increased its stake in Australian gold producer Norseman Gold (ASX & AIM: NGL) to 12.6%.
Norseman Gold’s principal asset is the Norseman gold project, which currently has a total resource inventory of 2.1 Mt (million tonnes) at a grade of 5.4 g/t (grams per tonne) gold for 3.6 million oz (ounces), with a reserve inventory of 1.2 Mt grading 8.2 g/t gold for 310,000 oz.
Norseman produced 80,753 oz of gold in 2009 at a cash cost of A$715 per oz with both marking improvements over the previous year, while ending the year debtless and wish a cash balance of A$32.6 million.




















