Sprott Stock Price, News & Analysis

Sprott Inc. (NYSE/TSX: SII) has launched the Sprott Active Gold & Silver Miners ETF (Nasdaq: GBUG), the only active ETF focused on gold and silver miners. The fund aims for long-term capital appreciation by investing in gold- and silver-focused companies involved in exploration, development, mining, and royalty/streaming operations.

The ETF employs a value-oriented and contrarian investment strategy. According to John Hathaway, Managing Partner at Sprott, gold and silver mining stocks have historically correlated with bullion but have recently underperformed, suggesting potential for catch-up growth.

GBUG's investment team brings over 100 years of collective experience in metals and mining, conducting more than 200 management meetings annually and site visits globally. The ETF offers daily transparency, liquidity, and potential tax efficiency benefits.

Sprott Asset Management has launched the Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR), the only U.S.-listed ETF offering pure-play exposure to both silver miners and physical silver. The ETF seeks to track the Nasdaq Sprott Silver Miners™ Index (NSLVR™) by investing at least 80% of its total assets in index securities.

SLVR joins Sprott's expanding ETF suite, which includes funds focused on gold miners (SGDM, SGDJ) and critical materials like uranium, copper, lithium, and nickel. The company emphasizes silver's dual role as both a precious metal and an industrial metal, highlighting its growing demand in clean technology, solar energy, automotive, and healthcare industries.

Sprott Inc. (NYSE/TSX: SII) reported strong Q3 2024 financial results with Assets Under Management (AUM) reaching $33.4 billion, up 8% from June 30, 2024, and 16% from December 31, 2023. The company achieved record-high AUM for the third consecutive quarter, driven by strong gold and silver prices and $589 million in net sales. Net income increased 87% to $12.7 million ($0.50 per share), while management fees rose 18% to $38.7 million. The Board declared a quarterly dividend of $0.30 per share, representing a 20% increase. The company expects to become debt-free by month-end and maintains a positive outlook based on its positioning in precious metals and critical materials.

Sprott (NYSE/TSX: SII) has announced a 20% increase in its quarterly dividend, declaring a third quarter 2024 dividend of US$0.30 per common share. The dividend will be paid on December 3, 2024, to shareholders of record as of November 18, 2024. Canadian registered shareholders will receive payments in Canadian dollars, while international shareholders will receive US dollars. The dividend is designated as eligible for Canadian income tax purposes. Shareholders have options to elect their preferred currency for dividend payments through their respective depositories.

Sprott Inc. (NYSE/TSX:SII) has announced it will release its third quarter 2024 financial results on November 6, 2024, at 7:00 a.m. The company will host an earnings webcast at 10:00 a.m. ET on the same day. The webcast will feature CEO Whitney George, CFO Kevin Hibbert, and Sprott Asset Management CEO John Ciampaglia. Research analysts covering Sprott can pre-register for the event through a dedicated registration link.

Sprott Inc. (NYSE/TSX: SII) announced its Q2 2024 financial results, reporting a rise in Assets Under Management (AUM) to $31.1 billion, a 6% increase from Q1 2024. The company achieved positive net sales with $357 million in net inflows, along with $110 million from the IPO of the Sprott Physical Copper Trust (COP).

Key financial highlights include:

• Management fees: $38.1 million, up 16% YoY
• AUM: $31.1 billion, up 6% QoQ and 8% YoY
• Net income: $13.4 million ($0.53 per share), down 25% YoY
• Adjusted base EBITDA: $22.4 million, up 25% YoY

The decrease in net income was attributed to the absence of a non-recurring $18.6 million asset realized last year. Higher management fees and market value appreciation contributed to the earnings.

Sprott Inc. (NYSE/TSX: SII) has announced a second quarter 2024 dividend of US$0.25 per common share, payable on September 3, 2024, to shareholders of record as of August 19, 2024. The dividend will be paid in Canadian dollars for registered Canadian shareholders and beneficial holders through CDS, while others will receive it in U.S. dollars. The exchange rate for Canadian dollar payments will be based on the spot price on September 3, 2024. Shareholders can elect to change their dividend currency by contacting their broker or making arrangements with CDS before August 19, 2024. This dividend is designated as an eligible dividend for Canadian income tax purposes.

Sprott Inc. (NYSE:SII) (TSX:SII) has announced the date for its 2024 second quarter results webcast. The company plans to release its Q2 results on August 7, 2024, at 7:00 a.m. This will be followed by an earnings webcast at 10:00 a.m. ET on the same day. The webcast will be hosted by Sprott CEO Whitney George, CFO Kevin Hibbert, and Sprott Asset Management CEO John Ciampaglia. Interested parties can access the webcast through the provided audio link. Research analysts covering Sprott are advised to register separately using a specific registration link.

Sprott Inc. announced the successful results of its Annual Meeting of shareholders where all resolutions were approved. The seven director nominees were elected, and KPMG LLP was re-appointed as auditor. Detailed voting results can be found on Sprott's profile on SEDAR+.