This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ASA Gold And Precious Metals Limited Reports Financial Results For The Fiscal Year Ended November 30, 2012

ASA Gold and Precious Metals Limited (NYSE:ASA) today reported that total return for the fiscal year ended November 30, 2012, based on ASA’s net asset value (NAV), was a negative 24.2%, including the reinvestment of dividends. The NAV of the Company was $24.18 per share at the fiscal year-end, versus $32.46 per share a year earlier.

For the fiscal year ended November 30, 2012, the total return based on ASA’s share price was a negative 22.4%. The return from the FTSE Gold Mines Total Return Index during the same period was a negative 23.9%.

The closing price of ASA’s shares on the New York Stock Exchange (NYSE) on November 30, 2012 was $22.00, representing a share price discount to NAV of 9.0%. The share price of closed-end funds, like ASA, is determined by trading activity in the open market and consequently may reflect a premium to (higher than) or discount to (lower than) its underlying NAV.
   

2012
   

2011

Amount
   

Per Share

Amount
   

Per Share
Net assets $ 466,492,653 $ 24.18 $ 626,080,025 $ 32.46
 
Net investment income (loss) $ 1,721,535 $ 0.09 $ 2,038,636 $ 0.11
 
Ending shares outstanding 19,289,905 19,289,905
Weighted average shares outstanding 19,289,905 19,402,476
 

Established in 1958, ASA Gold and Precious Metals Limited is a closed-end fund (NYSE: ASA) that invests in the securities of mining companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals. The Company maintains a wholly-owned investment adviser that designs and manages precious metals investment portfolios for foundations, endowments and other institutional investors.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,067.49 -9.29 -0.45%
NASDAQ 4,988.5240 -20.69 -0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs