Sprott Inc. announced its financial results for the third quarter ended September 30, 2024, reporting Assets Under Management (AUM) of $33.4 billion. This figure represents an 8% increase from June 30, 2024, and a 16% rise from December 31, 2023, marking the third consecutive quarter of record high AUM.
The growth in AUM was primarily driven by strong gold and silver prices, alongside $589 million in net sales during the period. This indicates robust investor interest in Sprott's specialized precious metals and critical materials offerings.
The company also stated its expectation to repay the balance of its line of credit by the end of November 2024, which will result in a debt-free balance sheet. This financial strength supports Sprott's long-term growth initiatives and shareholder returns, including the recently announced 20% dividend increase to $0.30 per share.
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