By Robb M. Stewart
Sprott's shares jumped after the specialist asset manager logged a rise in assets under management for the latest quarter amid volatility in gold and silver prices.
In morning trading, the shares were 15% higher at 199.95 Canadian dollars, widening the year-to-date advance to 49%.
Sprott, which is focused on precious metals and critical-materials investments, recorded first-quarter net income of $29.2 million, up from $28.7 million the quarter before and $12 million in the same period last year.
Adjusted earnings before interest, taxes, depreciation and amortization climbed to $57.9 million from $21.9 million a year earlier.
Total revenue was up sharply at $143 million, versus $43.4 million in the first quarter of 2025.
Sprott's assets under management were up 9.2% on the prior quarter and 86% year over year at $65.07 billion, which the company said reflected market-value appreciation across a majority of its fund products and positive net inflows to its exchange-listed products.
The firm said assets under management ticked up to $65.5 billion as of May 1, which it said was the result of $300 million of market-value appreciation and $200 million in net inflows, primarily in its exchange-listed products.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 06, 2026 11:28 ET (15:28 GMT)
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