A-Mark Precious Metals Announces Quarterly Cash Dividend

EL SEGUNDO, Calif., July 08, 2024 (GLOBE NEWSWIRE) — A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark)a leading fully integrated precious metals platform, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the Company’s current dividend program. The dividend is payable on July 31, 2024 to shareholders of record as of July 18, 2024.

About A-Mark Precious Metals

Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated precious metals platform offering a range of gold, silver, platinum, palladium and copper bullion, numismatic coins and related products to wholesale and retail customers through a portfolio of channels. The Company conducts its operations through three complementary segments: Wholesale and Ancillary Services, Direct-to-Consumer and Secured Lending. The Company’s global customer base includes sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, e-commerce customers and other retail customers.

A-Mark’s Wholesale and Ancillary Services segment distributes and purchases precious metals products from sovereign and private mints. As an authorized purchaser of gold, silver and platinum coins by the U.S. Mint since 1986, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has long-standing distribution agreements with other sovereign mints, including those in Australia, Austria, Canada, China, Mexico, South Africa and the United Kingdom. The Company sells more than 200 different products to online retailers, coin and bullion dealers, financial institutions, brokerage houses and collectors. In addition, A-Mark sells precious metals products to industrial users, including metal refiners, manufacturers and electronics manufacturers.

Located in the heart of Hong Kong’s central financial district, LPM Group Limited (LPM), LPM is one of Asia’s largest precious metals dealers. LPM was acquired by AM/LPM Ventures, LLC, a subsidiary of A-Mark. LPM offers a wide selection of products to its wholesale customers, through its retail showroom and 24/7 online trading platform, including newly launched silver coins, gold bars, certified coins and the latest collectible numismatic issues.

Through its subsidiary AM Global Logistics, A-Mark offers its customers a range of complementary services, including managed storage options for precious metals and the secure receipt, handling, inventory, processing, packaging and shipping of precious metals and coins. A-Mark’s coinage operations, which are conducted through its wholly-owned subsidiary Silver Towne Mintenable the company to offer its customers a wide range of exclusive coins and bars and, during periods of market volatility when the availability of silver bars from sovereign currencies is often limited, privileged access to the products.

A-Mark’s Direct-to-Consumer segment operates as an omnichannel precious metals retailer, providing access to a multitude of products through its wholly-owned subsidiaries, JM Bullion And Golden LineJM Bullion is a leading online retailer of precious metals and operates eight company-owned and separately branded websites targeting specific niches within the precious metals market: JMBullion.com, ProvidentMetals.com, Silver.com, Gold.com, GoldPrice.org, SilverPrice.org, BGASC.comAnd BullionMax.com. JMB also owns CyberMetals.coman online platform where customers can buy and sell fractional shares of digital gold, silver, platinum and palladium bullion in a range of denominations. Goldline markets precious metals directly to the investment community through a variety of channels, including television, radio and telephone sales efforts. A-Mark also holds minority interests in three other direct-to-consumer brands.

The Company operates its secured lending segment through its wholly-owned subsidiary, Collateral Finance Corporation (CFC). Founded in 2005, CFC is a California-licensed lender that originates and acquires loans secured by bullion and numismatic coins. Its clients include coin and precious metal dealers, investors and collectors.

A-Mark is headquartered in El Segundo, California, with additional offices and facilities in the surrounding Los Angeles area, as well as Dallas, Texas; Las Vegas, Nevada; Winchester, Indiana; Vienna, Austria; and Hong Kong. For more information, visit www.amark.com.

A-Mark periodically provides information to investors on its corporate website, www.amark.comand its investor relations website, ir.amark.comThis includes press releases and other financial performance information, reports filed or furnished to the SEC, corporate governance information, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to plans, objectives, expectations, performance, future 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 statements include statements regarding expectations for future profitability and growth, the declaration of dividends, the amount or timing of any future dividends, future macroeconomic conditions and demand for precious metal products, and the Company’s ability to respond effectively to changing economic conditions. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied by these statements. Factors that could cause actual results to differ include: failure to execute the Company’s growth strategy, including failure to identify suitable or available acquisition or investment opportunities; higher than anticipated costs incurred to execute such strategy; the inability to successfully integrate recently acquired businesses; changes in the current international political climate, which has historically contributed favorably to demand and volatility in precious metals markets but also presents certain risks and uncertainties to the Company, particularly in recent years; the potential adverse effects of ongoing issues in domestic and global supply chains; increased competition for the Company’s higher-margin services, which could drive down prices; the inability of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metals products generally; the potential adverse effects that inflationary pressure may have on our business; the Company’s inability to expand capacity at Silver Towne Mint; the inability of our investment companies to maintain or meet the preferences of their customers; general risks associated with operating in the commodities markets; and 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 (“SEC”).

The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Company contact:
Steve Reiner, Executive Vice President, Capital Markets and Investor Relations
A-Mark Precious Metals, Inc.
1-310-587-1410
[email protected]

Investor Relations Contact:
Matt Glover and Greg Bradbury
Gateway Group, Inc.
1-949-574-3860
[email protected]