December 08, 2016 4:15 AM ET

Capital Markets

Company Overview of Sprott Physical Gold Trust

Company Overview

Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical gold bullion in London Good Delivery bar form. Sprott Physical Gold Trust was formed on August 28, 2009 and is domiciled in Canada.

Royal Bank Plaza

South Tower

200 Bay Street

Suite 2700

Toronto, ON M5J 2J1

Canada

Founded in 2009

Phone:

416-943-6707

Fax:

416-943-6497

Key Executives for Sprott Physical Gold Trust

Chief Executive Officer of Sprott Asset Management LP and Co-Chief Investment Officer of Sprott Asset Management LP
President of Sprott Asset Management LP
Chief Financial Officer of Sprott Asset Management LP and Principal Accounting Officer of Sprott Asset Management LP
Co- Chief Investment Officer of Sprott Asset Management LP
Chief Compliance Officer of Sprott Asset Management LP
Compensation as of Fiscal Year 2016.

Sprott Physical Gold Trust Key Developments

Sprott Physical Gold Trust Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Sprott Physical Gold Trust announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company's net loss was $14,021,875 against $72,365,267 for the same period last year. For the nine months, the company's net income was $433,752,128 against net loss of $90,610,952 for the same period last year. Net cash used in operating activities was $8,396,836 against $4,866,147 for the same period last year.

Sprott Physical Gold Trust Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Sprott Physical Gold Trust reported unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's income was $157,776,811 compared to loss of $13,864,858 a year ago. Net income and comprehensive income was $155,127,739 compared to net loss and comprehensive loss of $15,616,493 a year ago. For the six months, the company's income was $452,787,694 compared to loss of $14,635,261 a year ago. Net income and comprehensive income was $447,769,876 compared to net loss and comprehensive income of $18,245,685 a year ago. Net cash used in operating activities was $3,159,511 compared to $3,133,736 a year ago. The value of the net assets of the trust as of June 30, 2016 was $2,336.1 million or $10.90 per unit, compared to $1,236.4 million or $8.77 per unit as at December 31, 2015.

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.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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