Sprott and Tocqueville Asset Management Announce Joint Venture
February 06 2019 - 6:00AM
Sprott Inc. (TSX: SII) ("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.
“We are pleased to partner with John Hathaway
and the Tocqueville team to offer this new strategy to investors,”
said Whitney George, President of Sprott. “John is one of the most
respected investors in the precious metals sector and Sprott is a
recognized leader in the space, with a global brand and platform.
By combining the strengths of both our teams we will offer
investors a unique precious metals investment strategy.”
“The gold industry is currently at the beginning
stages of a wave of consolidation, which creates compelling
opportunities for those able to identify the companies best
positioned to benefit from the sector’s new reality,” said John
Hathaway, Senior Portfolio Manager of Tocqueville. “Sprott has a
long history of financing mining companies and a team of technical
and M&A specialists that know the sector as well as anyone. We
look forward to partnering with them on this new venture.”
The objective of the strategy is to invest in
low risk/high reward opportunities through a concentrated portfolio
of public gold mining companies where the co-managers can help
bridge the gap in access to financing, value realization and market
perception.
About Sprott
Sprott is an alternative asset manager and a
global leader in precious metal and real asset investments. Through
its subsidiaries in Canada, the US and Asia, the Company
is dedicated to providing investors with best-in-class investment
strategies that include Exchange Listed Products, Alternative Asset
Management and Private Resource Investments. The Company also
operates Merchant Banking and Brokerage businesses in
both Canada and the US. Sprott is based
in Toronto with offices in New
York, Carlsbad and Vancouver and its common
shares are listed on the Toronto Stock Exchange under the
symbol (TSX:SII). For more information, please
visit www.sprott.com.
About Tocqueville
The Tocqueville Trust was organized as an
open-end management company in 1986 to hold the Tocqueville Fund,
which launched in 1987. Over the next several decades,
complementary funds were added to create the Tocqueville Family of
Funds (“the Funds”). Tocqueville Asset Management L.P. (“TAM”)
provides investment management and advisory services to all of the
Funds. TAM has been managing institutional and private client
accounts since its founding in 1985 with a focus on growing and
preserving clients’ long-term capital. The experienced investment
professionals of TAM manage accounts, including the Funds,
utilizing independent thinking and rigorous research. For more
information, please visit www.tocquevillefunds.com.
Investor contact
information:
Glen WilliamsManaging Director Investor
Relations & Corporate Communications(416)
943-4394gwilliams@sprott.com
Media contact information:
Dan Gagnier / Jeff Mathews Gagnier
Communications (646) 569-5897sprott@gagnierfc.com
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