Sprott Inc.

09:57 AM EST - Sprott Inc. : Announced its financial results for the year ended December 31, 2017. Assets Under Management were $7.3 billion, compared to $9.2 billion as at December 31, 2016. In January 2018, after giving effect to the acquisition of CFCL, total AUM increased to $11.5 billion. Total net revenues (net of commission expenses, trailer fees, sub-advisor fees and performance fee payouts) were $121.8 million, reflecting a decrease of $11.4 million (9%) from the year ended December 31, 2016. Net income was $37.5 million ($0.16 per share), reflecting an increase of $6.0 million (19%) from the year ended December 31, 2016. Sprott Inc. shares T.SII are trading up $0.09 at $3.53.