Sprott Inc. (NYSE:SII) Q1 2023 Results Conference Call May 5, 2023 10:00 AM ET
Company Participants
Whitney George - CEO
Kevin Hibbert - CFO
John Ciampaglia - CEO, Sprott Asset Management
Conference Call Participants
Geoff Kwan - RBC Capital Markets
Graham Ryding - TD Securities
Mike Kozak - Cantor Fitzgerald
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2023 First Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, May 5, 2023.
On behalf of the speakers that follow, listeners are cautioned that today's presentation and the response to questions may contain forward-looking statements within the meaning of the safe harbor provisions of the Canadian provincial securities law.
Forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements.
For additional information about factors that may cause actual results to differ materially from -- I'm sorry, expectations and about material factors or assumptions applied in making forward-looking statements, please consult the MD&A for the quarter and Sprott's other filings with the Canadian and U.S. securities regulators.
I will now turn the conference over to Mr. Whitney George. Please go ahead, Mr. George.
Whitney George
Thank you very much, and good morning, everyone, and thanks for joining us today. On the call with me today is our CFO, Kevin Hibbert; and John Ciampaglia, CEO of Sprott Asset Management. Our 2023 first quarter results were released this morning and are available on our website, where you can also find the financial statements and MD&A.
I'll turn to Slide 4. Despite [harder] market conditions, we delivered solid results during the first quarter. We continue to benefit from our positioning in precious metals and energy transition investments, delivering strong sales and performance across all of our fund offerings. As a result, I'm pleased to report that we closed the first quarter with a record high AUM of $25.4 billion.
During the quarter, we further expanded our energy transition product offerings with the launch of 5 new ETFs. Sprott now has 8 different strategies in this growing category, offering investors both exchange-listed and actively managed investment options. Our team continues to develop new product offerings, and we expect to introduce additional strategies over the course of 2023.