From the earnings reporthttps://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=63963529&cp=off&webmasterId=101442
"In November, subsequent to quarter end, we completed the disposition of our gold bullion holdings for gross proceeds of approximately US$76 million," continued Mr. Yuzpe. "This transaction gives us the financial flexibility to eliminate our outstanding debt, while providing the Company with approximately $24 million to pursue new investment opportunities."
"We have a strong portfolio of investments, the largest of which is our position in Long Run Exploration Ltd. ("Long Run") which enjoyed excellent performance during the third quarter and contributed to a significant increase in our net asset value," added Mr. Yuzpe. "In addition, Long Run recently announced a $0.402 cent per share annual dividend which, through our current holdings in the company, will provide Sprott Resource Corp. with more than $14 million in annual cash flows, which is more than enough to cover our costs to run the business."
"We remain committed to enhancing shareholder value through our long-standing normal course issuer bid ("NCIB") and when appropriate will continue to buy back shares for cancellation when we believe the share price does not fully reflect the net asset value of the business," concluded Mr. Yuzpe.