Sprott Inc. (NYSE:SII) Q2 2024 Earnings Conference Call August 7, 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

Mike Kozak – Cantor Fitzgerald

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.’s 2024 Second Quarter Results Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. As a reminder, this conference is being recorded today, August 7, 2024.

On behalf of the speakers that follow, listeners are cautioned that today’s presentation and the responses to questions may contain forward-looking statements within the meaning of the safe harbor provision of the Canadian provincial securities laws.

Forward-looking statements involve risks and uncertainties and [Technical Difficulty] not be placed on such statements. Certain material factors are, 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 expectations and about material factors or assumptions applied in making forward-looking statements, please consult the MD&A for the quarter of Sprott’s other filings in the Canadian and U.S. security regulators.

I would now like to turn the conference over to Mr. Whitney George. Please go ahead, sir.

Whitney George

Thank you, 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 2024 second 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 start on Slide 4. Before I get into our results for the quarter, I’d like to comment briefly on the recent turmoil in the markets and the world at large. Sadly, two wars continue with no feasible end in sight. The upcoming U.S. election has been turned on its head by the recent assassination attempt on former President Trump, as well as President Biden’s decision not to seek re-election.

Globally, recent election results reflect a general dissatisfaction with the incumbents. On top of this, financial markets have experienced a volatility, resulting primarily from the sudden unwinding of the yen carry trade as well as about a weak economic data in the United States.