The Fund's estimated sources of the distribution to be paid on July 1, 2024 and for 2024 year-to-date are as follows: Estimated Allocations as of May 31, 2024 | | Distribution | Net Investment | Net Realized | Net Realized | Return of Capital | | --- | --- | --- | --- | --- | --- | | | Per Share | Income | Short-Term Gains | Long-Term Gains | | | FUND | $ 0.1299 | $ 0.0193 (14.86%) | $ 0.0050 (3.85%) | $ 0.1056 (81.29%) | $ 0.000 (0.00%) | TORONTO, June 04, 2024 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. ...

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May 28, 2024 5:55 PM EDT | Source: Eric Sprott Toronto, Ontario--(Newsfile Corp. - May 28, 2024) - Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 3,000,000 common shares (Shares) of Summa Silver Corp., over the TSX Venture Exchange (representing approximately 2.8% of the outstanding shares on non-diluted basis) at a price of $0.40 per share for aggregate consideration of $1,200,000. The acquired Shares were purchased in reliance on the nor ...

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQB: AAGFF) (the "Company" or "Aftermath Silver") is pleased to announce that 7,914,398 of the outstanding warrants to purchase common shares of the Company have been exercised recently for cash proceeds to the Company of C$1,989,439.5. This total includes 7,439,898 warrants at $0.25 per common share for aggregate consideration of $1,859,975 exercised by 2176423 Ontario Ltd., a corporation beneficially owned ...

(Kitco News) - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold. According to updated regulatory filings, Michael Burry's Scion Asset Management is now betting big on precious metals. In the first quarter, Burry bought 444,000 units of the Sprott Physical Gold Trust (PHYS), which is valued at more than $10 million. Scion's PHYS holding represents slightly more than 7% of total holdings. Burry's bet in the precious metal came as gold prices surged to r ...

Sprott Inc. (NYSE:SII) Q1 2024 Earnings Conference Call May 8, 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 Rasib Bhanji - TD Cowen Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2024 First Quarter Results Conference Call. At this time, all participants are in listen-only mode. Following ...

Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 21 Notes to the Consolidated Financial Statements 26 Dear fellow shareholders, We are pleased to report that during the first quarter of 2024, our Assets Under Management ("AUM") increased by $0.6 billion (2%) to $29.4 billion. Subsequent to quarter-end, on May 6, 2024, AUM stood at $31.2 billion. Net income for the quarter was $11.6 million ($0.45 per share), up 51% from $7.6 million ($0.30 p ...

Financial Performance - The company reported net income of $9.664 million for the three months ended December 31, 2023, compared to $7.331 million for the same period in 2022, representing a 32% increase[75]. - Net income for the year ended December 31, 2023 was $41,799,000, up 137% from $17,632,000 in 2022[3]. - Total net revenues for Q4 2023 were $36,671,000, an increase of 21% compared to Q4 2022's $30,989,000[1]. - Basic earnings per share for the quarter was $0.38, up from $0.29 in the prior year, reflecting a growth of 31.03%[110]. - Total revenues for 2023 increased to $169,021,000, up 16.4% from $145,182,000 in 2022[178]. - Management fees rose to $132,257,000, a 14.7% increase compared to $115,355,000 in the previous year[178]. - The company reported a revenue of $1.4 billion, representing a 20% increase year-over-year[179]. - The company reported a loss on investments of $1,375,000 in 2023 compared to a gain of $10,242,000 in 2022[181]. Assets and Liabilities - Total assets as of December 31, 2023 were $378,835,000, a slight decrease from $383,748,000 in 2022[4]. - Total current assets decreased to $45,056,000 from $76,963,000, a decline of 41.5%[177]. - Total liabilities reduced to $73,130,000, down 31.2% from $106,477,000 in 2022[177]. - The company had $24.2 million outstanding on its credit facility, a decrease from $54.4 million in the previous year, due to a repayment of $30.2 million[112]. - The company’s total contractual obligations as of December 31, 2023, amounted to $50,374,000, with $24,806,000 due within one year[115]. Management and Operational Changes - The strategic exit of non-core businesses, including the legacy asset management business in Korea, was completed, enhancing operational focus[80]. - The company exited its non-core asset management business in Korea, which historically contributed less than 1% to consolidated net income[8]. - The company repurchased 126,353 shares, or 0.49% of its float, for total proceeds of $4.2 million during the year[80]. - The company has completed two strategic acquisitions, enhancing its market position and product offerings[179]. Fundraising and Investments - The company successfully raised $688 million in new AUM through fundraising efforts for a new lending fund and a new streaming fund in its private strategies segment[80]. - The company recognized deferred income tax expense of $1,002,000 in 2023, which was not present in 2022[181]. - Co-investments in funds increased from $73,573,000 in 2022 to $93,528,000 in 2023, reflecting a growth of about 27.1%[234]. Market and Product Development - Five new exchange-listed products were launched in the first quarter, focusing on critical materials for cleaner energy[80]. - The company anticipates benefiting from a constructive operating environment for precious metals and critical materials in fiscal 2024[79]. - New product launches contributed to a 15% increase in sales, with a focus on enhancing user experience[179]. - Market expansion efforts have led to a 25% increase in international sales, particularly in Europe and Asia[179]. Internal Controls and Compliance - KPMG LLP issued an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of December 31, 2023[170]. - The Company concluded that its Disclosure Controls and Procedures (DC&P) and Internal Control over Financial Reporting (ICFR) were effectively designed and operating as of December 31, 2023[135]. - The Company has established an Independent Review Committee (IRC) to address conflicts of interest in compliance with National Instrument 81-107[138]. Expenses and Compensation - SG&A expenses were $4.2 million in the quarter, up $0.1 million (3%) from Q4 2022, and $17.5 million for the full year, up $1.5 million (9%) from 2022[93]. - Stock-based compensation increased to $20,411,000 in 2023 from $17,041,000 in 2022, reflecting a rise of 13.9%[181]. - Net compensation increased to $5,260,000 for the three months ended December 31, 2023, up from $4,255,000 in the prior year, reflecting a rise of 23.54%[106].

Sprott Inc. (NYSE:SII) Q4 2023 Earnings Call Transcript February 21, 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 Graham Ryding - TD Securities Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2023 Annual Results Conference Call. At this time, all participants are in a listen only mode. Fol ...

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" and similar expressions are intended to identify Forward-Looking Statements. In particular, ...