Significant Increase in Assets Under Management
Assets under management (AUM) increased by $3.5 billion in Q1 to $35.1 billion, an 11% increase from December 31, 2024. AUM further increased to $38 billion by the end of the call.
Strong Performance of Gold Equity Fund
The flagship gold equity fund posted a gain of 26.4% during the quarter, driven by rising precious metal prices.
Successful ETF Launches
The launch of the Sprott Silver Miners & Physical Silver ETF and the Sprott Active Gold & Silver Miners ETF were among the most successful ETF launches to date.
Record High Gold Prices
Gold prices surged to over $3,000 per ounce, contributing to the strong performance of Sprott's funds.
Strong Demand for Physical Commodities
There is a growing demand for physical commodities like gold, silver, uranium, and copper, with significant inflows into Sprott's physical trusts.