A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Q3 2024 Earnings Call Transcript

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And our job is to make sure that we take care of them and we are the best company out there as it relates to customer service, whether we’re there for liquidity if a customer wants to sell back their product. And if anybody wants us to do third-party shipping for them, we’re very happy to do that also. We’re there to see the market grow. And ultimately, I believe A-Mark will be one of the better bigger beneficiaries of an expanding market. So, I feel the same way I did last quarter.

Greg Gibas: Got it. Appreciate the thoughts Greg.

Operator: At this time, this concludes our question-and-answer session. I’d now like to turn the call back over to Mr. Roberts for his closing remarks.

Greg Roberts: Thank you, everybody. Once again, I appreciate being on the call and supporting A-Mark and learning and understanding what we’re doing here and to all the employees of A-Mark around the world, I appreciate what they’re doing. And again, thanks, everybody for their support. Have a great rest of the day.

Operator: Before we conclude today’s call, I would like to provide A-Mark’s Safe Harbor statement that includes important cautions regarding forward-looking statements made during this call. During today’s call, there were forward-looking statements made regarding future events. Statements that relate to A-Mark’s future plans, objectives, expectations, performance, events, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to the dividend declarations, the amount or timing of any future dividends, future macroeconomic conditions, and demand for precious metals products, and the company’s ability to effectively respond to changing economic conditions.

Future events, risks, and uncertainties individually or in the aggregate could cause actual results to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following; the failure to execute the company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater-than-anticipated costs incurred to execute the strategy; the inability to successfully integrate recently acquired businesses; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metal markets, but also poses certain risks and uncertainties for the company, particularly in recent periods; potential adverse effects of the current problems in the national and global supply chains; increased competition for the company’s higher-margin services, which could depress pricing; the future — the failure of the company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally — potential negative effects that inflationary pressures may have on our businesses; the ability to companies to expand capacity at SilverTowne Mint; the failure of our investee companies to maintain or address the preference of their customer bases; general risks of doing business in the commodity markets; and the strategic business, economic, financial, political and governmental risks, and other risk factors described in the company’s public filings with the Securities and Exchange Commission.

The company undertakes no obligation to publicly update or revise any forward-looking statements. Listeners are cautioned not to place undue reliance on these forward-looking statements. Finally, I’d like to remind everyone that a recording of today’s call will be available for replay via a link in the Investors’ section of the company’s website. Thank you for joining us today for A-Mark’s earnings call. You may now disconnect.

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