The following is a summary of the Sprott Inc. (SII) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Sprott Inc. reported assets under management (AUM) increased by $1.7 billion to $31.1 billion, a record high.

• Net income for the quarter was $13.4 million, down 25% from $17.7 million in the comparable period last year, but up $14.2 million from last year after excluding a nonrecurring asset.

• Adjusted base EBITDA for the quarter was $22.4 million, up 25% from $18 million year over year.

Business Progress:

• Launched the Sprott Physical Copper Trust, marking a strategic development in their critical materials investment strategies.

• Experienced robust AUM growth in physical trusts and exchange-listed products, especially notable from the launches such as the Copper Trust IPO which raised $110 million.

• Diversified investment portfolios significantly, benefiting from precious metal pricing dynamics and strategic new fund introductions.

Opportunities:

• Growth potential in the precious metals market, specifically with gold reaching new price highs and silver showing significant strength.

• The introduction of the new Physical Copper Trust provides a fresh avenue for asset accumulation.

Risks:

• Reported volatility in financial markets affecting asset class stability and investment performance.

• Noted geopolitical uncertainties including wars and elections impacting market conditions.

More details: Sprott IR

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