Sprott Physical Gold Trust Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016
Sprott Physical Gold Trust reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported that net income and comprehensive income of $292,642,137, compared to net loss and comprehensive loss of $2,629,192 a year ago. Net cash used in operating activities was $1,568,116 against $1,429,859 a year ago. For the period from January 1, 2016 to March 31, 2016, the total change in unrealized gains on physical gold bullion amounted to $308.3 million compared to the change in unrealized gains of $6.8 million during the same period in 2015. The trust's net asset value per unit on March 31, 2016 was $10.17 compared to $8.77 per unit as at December 31, 2015.