Sprott Inc. reported strong Q3 results with assets under management (AUM) surpassing $49 billion, fueled by rising precious metals prices and notable inflows, alongside a dividend increase of 33%.
- Q3 AUM grew by $9 billion, marking a 56% increase year-over-year and surpassing $51 billion post-quarter.
- Adjusted EBITDA rose 54% year-over-year to $31.9 million, driven by higher average AUM and market value appreciation.
- Sprott declared a quarterly dividend of $0.40 per share, reflecting strong operational performance and a commitment to returning capital to shareholders.
- The company's ETF business has seen substantial growth, with total assets reaching over $4.4 billion from a previous $400 million.
- A strong management reshuffle positions Sprott for future growth, naming Ryan McIntyre as President and co-COOs Kevin Hibbert and Arthur Einav.
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