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

Stocks in this article: ASA

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.

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