SII.TO - Sprott Inc.

Toronto - Toronto Delayed Price. Currency in CAD
3.5700
+0.0600 (+1.71%)
At close: 4:00PM EDT
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Previous Close3.5100
Open3.5200
Bid3.5700 x 0
Ask3.5800 x 0
Day's Range3.5200 - 3.5800
52 Week Range2.3600 - 3.5800
Volume319,960
Avg. Volume282,714
Market Cap904.995M
Beta (3Y Monthly)-0.20
PE Ratio (TTM)44.62
EPS (TTM)0.0800
Earnings DateMay 12, 2017 - May 15, 2017
Forward Dividend & Yield0.12 (3.42%)
Ex-Dividend Date2019-05-17
1y Target Est2.69
  • GlobeNewswire7 hours ago

    Sprott Completes Reorganization of Sprott Gold Miners ETF and Sprott Junior Gold Miners ETF in Order to Offer Investors Lower Fees and Greater Support

    Sprott Asset Management LP ("Sprott" or “the Company”) and ALPS Distributors, Inc. announced today that, effective as of the close of business on July 19, 2019, the Sprott Gold Miners ETF (NYSE Arca: SGDM) and the Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ), each a series of ALPS ETF Trust,  have been reorganized into newly-created exchange-traded funds of the Sprott ETF Trust (each a “Fund” and together “the Funds”) in a tax-free transaction (the Reorganization). “We are pleased with the overwhelming investor support for this Reorganization. As a result, the Sprott Gold Miners ETFs will offer investors some of the lowest fees in the category,” said John Ciampaglia, CEO of Sprott Asset Management LP.

  • Ignored by Big Banks, Smaller Gold Miners Are Paying More to Expand
    Bloomberglast month

    Ignored by Big Banks, Smaller Gold Miners Are Paying More to Expand

    (Bloomberg) -- The cost of money is rising for small and mid-sized gold miners.Newmont Goldcorp Corp. and Barrick Gold Corp., the biggest producers, have grown even bigger by buying up peers, shaping themselves as strong candidates for commercial bank lending. Meanwhile, smaller companies struggling to meet deadlines and budgets on new projects are increasingly forced to turn to private equity to expand.In some ways that’s good. Private financing often offers smaller miners more insight on projects than a commercial bank might. At the same time, private capital is harder to land and higher priced, with an average weighted cost of roughly 15%-20% compared with 5%-6% for the majors, according to Sprott Inc., a precious metals-focused money manager.“Private equity money tends to be expensive,” said Douglas Silver, a portfolio manager at Orion Mine Finance. “But where else are they going to get the money? It’s expensive to mine these days.”Small gold companies, which are usually mineral explorers and mine developers, have little to no revenue, while miners are considered mid-sized when they produce less than 1 million ounces a year. In contrast, Barrick, which closed on its acquisition of Randgold Resources Ltd. on Jan. 1, produced 1.4 million ounces in just the first quarter of 2019.While future growth prospects can entice equity investors, debt investors’ primary concern is whether a company can produce enough cash to make good on their obligations. The smallest companies often produce little or no steady revenue as evidence of their value.Despite a recent price breakout to a roughly five-year high, gold prices are still down about 28% below their peak earlier this decade, making mine development a tough sell. “Large banks aren’t willing to lend debt to companies that don’t have revenue,” said Andrew Kaip, an equity analyst at BMO Capital Markets.Smaller miners are “having a very difficult time finding sources of capital," Kaip said in an interview. “That’s where private equity comes in.”Growing GapPeter Grosskopf, Sprott’s chief executive officer, said last month that the gap between the biggest producers and everyone else is sitting at its widest ever. "Based on all my experience, there has never been a greater divergence," Grosskopf said at the Mines and Money Conference in New York.“In the asset management business, everything is based on what you can index and what you can put in diversified portfolios easily,” Grosskopf said. “You can’t do that with gold, so every single gold sector fund in the world is either being liquidated or under pressure to index. There is no room for juniors."Major mining companies raised $3.37 billion in capital during 2018 on the Toronto Stock Exchange -- the world’s most popular exchange for miners -- down from a decade ago at $19.02 billion. Meanwhile, between about $20 billion and $30 billion in private capital is currently flowing to miners, according to data collected by Orion Mine Finance’s Silver.“The market collapsed in 2008, 2009 and they increased the margin calls on the big banks,” Silver said. In reaction, banks pulled back from riskier investments, which meant reducing their exposure to mining.U.S. gold miners have issued decreasing amounts of debt to the market in the last decade, down to $17.9 billion in 2018 from $42.98 billion in 2010, according to data from CreditSights Inc. The challenge: “they don’t have anything that’s driving the free cash flow,” said Wen Li, a mining analyst at the debt research firm.“For the smaller companies it’s going to be dependent on the company itself,” he said. “Are they generating cash? Do they have assets? Are they rallying on the developments? Generally speaking it’s going to be more difficult for a smaller company to come to the market and tap the capital needed versus a bigger company out there.”Still, there are mid-sized miners that have managed to gain the attention of commercial banks. B2Gold Corp. has won a number of revolving credit facilities from a group of banks including HSBC over the last several years.Earlier this month it announced it received new commitments from the group at $600 million with the possibility of another $200 million available “if and when we wanted it,” CEO Clive Johnson said in an interview last month.Now at the bottom of a market cycle, private firms are placing bets on the industry’s upside. The only caveat is the funding costs more, and companies like Premier Gold Mines Ltd. can feel it.“Right now Premier is a company that’s growing,” CEO Ewan Downie said in an interview in New York last month.While Downie said he’s thankful the company is able to spend money on the two mines it’s developing, he recognizes one of the challenges of being a smaller miner right now is that investors aren’t as readily trusting of companies his size and charge him more than he’d pay to a big bank for the risk.“We’re being penalized for spending money,” he added. “It’s a necessary evil. You have to spend the money to make the money in our business.”(Added Thursday’s gold price gain to seventh paragraph.)\--With assistance from Sonali Basak and Claire Boston.To contact the reporter on this story: Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group2 months ago

    Trichome Financial Corp. and 22 Capital Corp. Receive TSXV Conditional Approval for Proposed Qualifying Transaction and Joint Information Circular

    TORONTO , May 28, 2019 /CNW/ - 22 Capital Corp. (LFC-P.V) ("22 Capital") and Trichome Financial Corp. ("Trichome") are pleased to announce that 22 Capital and Trichome have received conditional approval from the TSX Venture Exchange (the "Exchange") for their announced amalgamation under the provisions of the Business Corporations Act ( Ontario ) that will result in a reverse take-over of 22 Capital by the shareholders of Trichome (the "Transaction"). The Transaction, if completed, will constitute 22 Capital's "Qualifying Transaction" as such term is defined in Policy 2.4 of the Exchange.

  • CNW Group2 months ago

    Trichome Financial Corp. and Blissco Cannabis Corp. announce the completion of a $4.5 Million Non-Dilutive Trade Finance Facility and Refinancing of Mortgage

    Trichome Financial Corp. and Blissco Cannabis Corp. announce the completion of a $4.5 Million Non-Dilutive Trade Finance Facility and Refinancing of Mortgage

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of SII.TO earnings conference call or presentation 10-May-19 2:00pm GMT

    Q1 2019 Sprott Inc Earnings Call

  • GlobeNewswire2 months ago

    Sprott Inc. Announces Results of its Annual Meeting of Shareholders and Appointment of Ron Dewhurst as Chairman

    Sprott Inc. (“Sprott” or the “Corporation”) (SII.TO) reported the voting results from its Annual Meeting of the Corporation's shareholders (“Shareholders”) held earlier today (the "Meeting"). Sprott is pleased to announce that all resolutions put forward in the Management Information Circular dated March 20, 2019 (the "Circular") to Shareholders were approved.

  • ACCESSWIRE2 months ago

    Sprott, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 10, 2019 / Sprott, Inc. (TSX: SII ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 10, 2019 at 10:00 AM Eastern Time. To ...

  • GlobeNewswire2 months ago

    Sprott Announces 2019 First Quarter Results

    TORONTO, May 10, 2019 -- Sprott Inc. (TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the three months ended March 31, 2019. Financial Overview.

  • GlobeNewswire2 months ago

    Sprott Inc. Declares First Quarter 2019 Dividend

    TORONTO, May 09, 2019 -- Sprott Inc. (“Sprott” or the “Company”) (TSX:SII) today declared an eligible dividend of $0.03 per common share for the quarter ended March 31, 2019,.

  • GlobeNewswire2 months ago

    Sprott Announces Date for 2019 First Quarter Results Conference Call

    Sprott Inc.  (SII.TO) will host a conference call on Friday, May 10, 2019 at 10:00 a.m. ET to discuss its 2019 first quarter results.  Peter Grosskopf, CEO of Sprott will host the call with Whitney George, President of Sprott and Kevin Hibbert, CFO of Sprott. To participate in the call, please dial (855) 458-4215 ten minutes prior to the scheduled start of the call and provide conference ID 7398085.

  • CNW Group3 months ago

    Trichome Financial Corp. provides update on proposed qualifying transaction with 22 Capital Corp. and subscription receipt financing

    TORONTO , April 24, 2019 /CNW/ - 22 Capital Corp. (LFC-P.V) ("22 Capital") and Trichome Financial Corp. ("Trichome") are pleased to provide updates regarding their announced amalgamation under the provisions of the Business Corporations Act ( Ontario ) that will result in a reverse take-over of 22 Capital by the shareholders of Trichome (the "Transaction"). The Transaction is being undertaken pursuant to the terms and conditions of the Amalgamation Agreement between 22 Capital and Trichome dated November 13, 2018 , as amended January 30, 2019 and April 5 , 2019.  The Transaction was negotiated at arm's length by independent members of the management of Trichome and independent members of the board of directors of 22 Capital.

  • GlobeNewswire3 months ago

    Ninepoint Partners Completes Ninepoint 2019 Flow-Through Limited Partnership Initial Public Offering

    Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2019 Flow-Through Limited Partnership (the “Partnership”) has completed the third and final closing in connection with its offering of limited partnership units (the “Units”) pursuant to a prospectus dated January 29, 2019. The Partnership has retained Sprott Asset Management LP (“Sprott”) to act as sub-advisor to the Partnership. The Partnership intends to provide liquidity to limited partners through a rollover to the Ninepoint Resource Class prior to February 28, 2021.

  • CNW Group4 months ago

    Sprott Inc. files early warning report in respect of Sprott Resource Holdings Inc.

    Sprott Inc. files early warning report in respect of Sprott Resource Holdings Inc.

  • GlobeNewswire4 months ago

    Ninepoint Partners Announces Second Closing of Ninepoint 2019 Flow-Through Limited Partnership

    Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2019 Flow-Through Limited Partnership (the “Partnership”) has completed the second closing in connection with its offering of limited partnership units (the “Units”) pursuant to a prospectus dated January 29, 2019. The Partnership will have a third and final closing in respect of the Units on or about April 16, 2019. The Partnership has retained Sprott Asset Management LP (“Sprott”) to act as sub-advisor to the Partnership.

  • CNW Group4 months ago

    Origin House Subsidiary Trichome Financial Corp. Provides Financing to Licensed Ontario Cannabis Retailer and Provides Corporate Update

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.  No securities of the company have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and no securities of the company may be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Trichome has agreed to provide up to C$2 million comprised of a Revolving Credit Facility and Term Loan, both of which are fully secured. Trichome will receive warrants to acquire a minimum of 10.3% and a maximum of 13.3% of the common shares of Ganjika House, should the entire term loan be drawn.

  • CNW Group4 months ago

    Trichome Financial Corp. Provides Financing to Licensed Ontario Cannabis Retailer and Provides Corporate Update

    No securities of the company have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and no securities of the company may be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Trichome has agreed to provide up to $2 million comprised of a Revolving Credit Facility and Term Loan, both of which are fully secured.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of SII.TO earnings conference call or presentation 28-Feb-19 3:00pm GMT

    Full Year 2018 Sprott Inc Earnings Call

  • GlobeNewswire5 months ago

    Sprott Announces 2018 Annual Results

    TORONTO, Feb. 28, 2019 -- Sprott Inc. (TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2018. Financial Overview (12.

  • GlobeNewswire5 months ago

    Sprott Inc. Declares Fourth Quarter 2018 Dividend

    TORONTO, Feb. 27, 2019 -- Sprott Inc. (“Sprott” or the “Company”) (TSX:SII) today declared an eligible dividend of $0.03 per common share for the quarter ended December 31,.

  • GlobeNewswire5 months ago

    Sprott Inc. Announces Date for 2018 Annual Results Conference Call

    Sprott Inc. (SII.TO) will host a conference call on Thursday, February 28, 2019 at 10:00 a.m. ET to discuss its 2018 annual results.  Peter Grosskopf, CEO of Sprott will host the call with Whitney George, President of Sprott and Kevin Hibbert, CFO of Sprott. The Company plans to release its financial results at 7:00 a.m. ET the same day.

  • CNW Group5 months ago

    Trichome Financial Corp. Announces $3.5 Million Senior Secured Term Loan Agreement with James E. Wagner Cultivation Corporation

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.  No securities of the company have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and no securities of the company may be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. TORONTO , Feb. 20, 2019 /CNW/ - Trichome Financial Corp. ("Trichome" or the "Company") is pleased to announce that it has entered into a $3.5 million term loan (the "Term Loan") with James E. Wagner Cultivation Corporation ("JWC"), a Licensed Producer under the Cannabis Act and a premium cannabis brand, focused on producing clean and consistent strains of aeroponically-grown cannabis, distributed through their own medical channel and collaborative platforms, including Canopy Growth's Spectrum medical brand.

  • GlobeNewswire5 months ago

    Ninepoint Partners Announces First Closing of Ninepoint 2019 Flow-Through Limited Partnership

    Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2019 Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units (the “Units”) pursuant to a prospectus dated January 29, 2019. The Partnership issued 622,936 units for gross proceeds of $15,573,400. The Partnership will have a second closing in respect of the Units on or about March 26, 2019.

  • CNW Group5 months ago

    Trichome Financial Corp. Announces Launch of Financing in Connection with Go-Public Transaction and Provides Corporate Update

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. TORONTO , Feb. 14, 2019 /CNW/ - Trichome Financial Corp. ("Trichome" or the "Company") is pleased to announce the launch of a non-brokered private placement of subscription receipts (the "Financing") in connection with its reverse take-over of 22 Capital Corp (LFC) ("22 Capital").

  • GlobeNewswire5 months ago

    Sprott and Tocqueville Asset Management Announce Joint Venture

    Sprott Inc. (SII.TO) ("Sprott" or “the Company”) and Tocqueville Asset Management (“Tocqueville”) today announced that Sprott, via its subsidiary Sprott US Holdings Inc., and Tocqueville have entered into a joint-venture agreement to co-manage a new gold equities investment strategy. The partnership between Sprott and Tocqueville brings together two leading names in precious metals to create a new investment platform.

  • GlobeNewswire5 months ago

    Neil Adshead Joins Sprott US as Portfolio Manager

    Sprott Inc. (SII.TO) ("Sprott") today announced that Dr Neil Adshead has joined Sprott US as Portfolio Manager. Neil will work alongside Rick Rule, President and CEO, Sprott US, to manage the resource Exploration Partnerships offered by Resource Capital Investment Corp, a subsidiary of Sprott US. Neil will play a key role representing the Sprott brand and expanding the Exploration Partnership strategy.