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Sprott Inc. (NYSE/TSX: SII) reported financial results for Q1 2024, with AUM reaching $29.4 billion by March 31, 2024, driven by strong gold and silver prices but offset by weakness in uranium. Revenue increased by 17% to $36.4 million, while net income grew by 51% to $11.6 million. The company introduced new ETFs and expects a volatile 2024 due to geopolitical conflicts and inflation.
Sprott Inc. declared a first quarter 2024 dividend of US$0.25 per common share, payable on June 5, 2024. Shareholders of record at the close of business on May 21, 2024, will receive the dividend in either Canadian or U.S. dollars based on their residency and holding method. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Sprott Inc. announced the date for its first quarter results webcast, scheduled for May 8, 2024. The webcast will be hosted by Sprott's CEO, CFO, and Asset Management CEO. Research analysts covering the company should pre-register for the event.