The silver market continues to heat up and one billionaire investor continues to increase his exposure to the precious metal through the mining sector. Thursday, First Majestic Silver Corp. (AG: NYSE; FR: TSX) announced a bought deal where Eric Sprott will buy 5 million shares of the silver producer, the deal is valued at $78 million Canadian. Sport will own a 2.3% stake in First Majestic when the deal closes, the company said.
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