Sprott Inc (TSE:SII) has released an update.
Sprott Inc. reported a strong first quarter in 2024, with assets under management (AUM) climbing to $29.4 billion, a 2% increase from the previous quarter, largely due to appreciation in precious metals. The company launched new ETFs focused on copper miners and junior uranium miners, reflecting a strategic expansion in their product offerings. Moreover, the quarter saw a notable 51% rise in net income to $11.6 million, despite a decrease in commission revenues due to the sale of their Canadian broker-dealer.
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