Sprott(SII)

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Eric Sprott Announces Changes to His Holdings in Dolly Varden Silver Corporation
Newsfile· 2024-09-04 20:30
. Eric Sprott Announces Changes to His Holdings in Dolly Varden Silver Corporation September 04, 2024 4:30 PM EDT | Source: Eric Sprott Toronto, Ontario--(Newsfile Corp. - September 4, 2024) - Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 2,000,000 common shares (Shares) of the Dolly Varden Silver Corporation for total consideration of $2,000,000 pursuant to a prospectus offering. Prior to the acquisition, Mr. Sprott beneficially owned 28,499,483 ...
Dolly Varden Silver Announces Closing of First Tranche of $28 Million Bought-Deal Offering, With Participation by Eric Sprott
Newsfile· 2024-09-04 13:24
● . . | --- | --- | |------------------------------|-------| | | | | Participation by Eric Sprott | | September 04, 2024 9:24 AM EDT | Source: Dolly Varden Silver Corporation Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce the closing of the first tranche of its previously announced bought deal financing for aggregate gross proceeds to the Company of $28 million (the "Offeri ...
Sprott(SII) - 2024 Q2 - Earnings Call Presentation
2024-08-09 07:29
2024 Second Quarter Results August 7, 2024 NYSE/TSX:SII Sprott Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" an ...
Sprott(SII) - 2024 Q2 - Earnings Call Transcript
2024-08-09 04:18
Sprott Inc. (NYSE:SII) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Whitney George – Chief Executive Officer Kevin Hibbert – Chief Financial Officer John Ciampaglia – Chief Executive Officer-Sprott Asset Management Conference Call Participants Mike Kozak – Cantor Fitzgerald Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.’s 2024 Second Quarter Results Conference Call. At this time, all participants are in a listen-only mod ...
Bunker Hill Announces Entry Into Silver Loan Facility, Closing of the First Tranche and Amendments to Sprott Streaming Financing Package
GlobeNewswire News Room· 2024-08-08 22:50
TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. ("Bunker Hill" or the "Company") (TSX-V:BNKR; OTCQB:BHILL) announces that it has entered into definitive agreements with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., for the previously announced silver loan in an amount of US dollars equal to up to 1.2 million ounces of silver, to be advanced in one or more tranches, in support of the re-start and ongoing development of the Bunker Hill Mine (the "Silver Loan ...
Sprott(SII) - 2024 Q2 - Quarterly Report
2024-08-07 11:00
Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 23 Notes to the Consolidated Financial Statements 28 Dear fellow shareholders, Q2 2024 Review We are pleased to report that during the second quarter of 2024, Sprott's Assets Under Management ("AUM") increased to $31.1 billion, up 6% from $29.4 billion as at March 31, 2024 and up 8% from $28.7 billion as at December 31, 2023. Subsequent to the quarter end, on August 1, 2024, AUM stood at $31.5 ...
Sprott Inc. Declares Second Quarter 2024 Dividend
Newsfilter· 2024-08-06 17:12
TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Inc. ("Sprott" or the "Company") (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2024 dividend of US$0.25 per common share, payable on September 3, 2024 to shareholders of record at the close of business on August 19, 2024. Registered shareholders who are residents of Canada as reflected in the Company's shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a br ...
Sprott Inc. Declares Second Quarter 2024 Dividend
GlobeNewswire News Room· 2024-08-06 17:12
TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Inc. ("Sprott" or the "Company") (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2024 dividend of US$0.25 per common share, payable on September 3, 2024 to shareholders of record at the close of business on August 19, 2024. Registered shareholders who are residents of Canada as reflected in the Company's shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a br ...
Sprott Inc.: Leverage For The Coming Gold And Uranium Bull Run
Seeking Alpha· 2024-08-05 09:17
Investment Thesis - Uranium and gold are expected to perform well in the second half of 2024 due to under-investment in uranium and high demand for gold driven by political uncertainty and inflation concerns [4] - Sprott Inc. is positioned to capitalize on these trends with over $31.2 billion in assets under management (AUM) and a focus on bullion and commodities [4][5] - The company generates revenue primarily through management fees, averaging about 0.50% per annum [4] Fund Exposure - Gold constitutes approximately 45% of Sprott's portfolio, with $10 billion in AUM in their physical gold fund [5] - Uranium accounts for 28% of the portfolio, with Sprott's Physical Uranium Trust being a key investment vehicle [5] - Physical silver makes up 26% of the portfolio, with additional marginal positions in other commodities [5] The Case For Uranium - The uranium market is facing a supply-demand imbalance, with estimates indicating that mines needed to meet 20-25% of demand by 2030 have not yet been developed [6] - Historical under-investment in uranium mining has led to a tight market, with significant demand growth expected from countries pledging to increase nuclear energy capacity [7][8] - Kazatomprom, a major uranium producer, is facing production challenges, further tightening supply [8] The Case For Gold & Silver - Gold has gained 15% year-to-date, reaching an all-time high of approximately $2,480 per ounce, driven by inflation fears and political instability [9][12] - Central banks, particularly the Chinese central bank, are increasing their gold purchases, enhancing demand [9] - Silver is highlighted as an attractive alternative due to its industrial demand and lower price point compared to gold [13] Sprott's Leverage - Sprott benefits from operational leverage, where increases in fund values lead to significant revenue growth without a corresponding rise in costs [14] - For example, a 20% increase in gold prices could lead to a 20% increase in revenue from Sprott's Physical Gold Fund, while costs remain stable [14] Track Record - Sprott has demonstrated strong growth in AUM, with a compound annual growth rate (CAGR) of nearly 45% from Q1 2020 to Q4 2023 [16] - The ETF segment is growing even faster, with a 150% CAGR between 2022 and 2023, particularly in uranium-focused funds [16] Financials - Sprott's financials show a widening gap between revenue growth and expense growth, indicating strong profitability potential as commodity markets improve [17] - The company maintains a clean balance sheet with minimal liabilities and significant current assets [18] Valuation - Sprott is currently trading at a P/E of 25, with potential for significant upside if gold, silver, and uranium prices appreciate [19] - Various scenarios indicate that under favorable market conditions, Sprott could see substantial increases in net income and share price [19][20] Conclusion - Sprott presents a compelling investment opportunity, particularly in the context of rising gold and uranium markets [21] - The company is well-positioned to leverage its assets and capitalize on the growing demand for these commodities [21]
Sprott Announces Date for 2024 Second Quarter Results Webcast
Newsfilter· 2024-07-31 21:02
TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE:SII) (TSX:SII) ("Sprott") announced today that it plans to release its second quarter results at 7:00 a.m. on August 7, 2024. Sprott will host an earnings webcast that morning at 10:00 a.m. to discuss the results. Sprott CEO, Whitney George, together with Sprott CFO, Kevin Hibbert and Sprott Asset Management CEO, John Ciampaglia, will host the webcast, which can be accessed as outlined below. | --- | --- | |----------------|----------------------- ...