Sprott Inc. (NYSE:SII) reported a significant decline in assets under management (AUM) for the second quarter of 2026, reaching C$55.6 billion, down C$9.5 billion from the previous quarter, primarily due to a 14.1% drop in spot gold prices and a 22% decline in silver prices. The company experienced C$400 million in net redemptions, largely from precious-metals physical trusts, which saw AUM fall by C$8.2 billion, or 16%.
Despite these challenges, Sprott’s net income rose to C$34.3 million for the quarter, a substantial increase from C$13.5 million a year earlier. Adjusted EBITDA also doubled to C$50.8 million compared to the same quarter in 2025. Average AUM for the second quarter increased by 70% year-over-year to C$63.9 billion, attributed to higher average AUM in its exchange-listed products and managed-equity businesses.
Additionally, Sprott’s critical materials ETFs, while seeing a 10% decline in AUM, recorded positive net flows driven by interest in uranium and copper. The company continues to pursue investments in marketing and technology, expecting ongoing interest in both precious metals and critical materials amid geopolitical pressures.
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