SEC Form 13F Information Table Summary
Business Context and Reporting Period
Company: ASA Gold & Precious Metals Ltd
Filing Type: Form 13F Information Table
Reporting Period: June 30, 2019
Context: This filing discloses the equity securities held by the investment manager as of the end of the second quarter of 2019. The portfolio is heavily concentrated in the gold mining and precious metals sector.
Key Financial Metrics and Portfolio Composition
The filing details holdings in 18 distinct positions across major gold producers and royalty/streaming companies. The total value of reported holdings is approximately $108.7 million (sum of Column 4 values).
| Issuer | Shares Held | Value ($000s) | Voting Authority |
|---|---|---|---|
| Agnico Eagle Mines Ltd | 400,000 | 20,496 | Sole |
| Barrick Gold Corp | 1,200,000 | 18,981 | Sole |
| Newmont Goldcorp Corp | 400,000 | 15,388 | Sole |
| B2Gold Corp | 3,000,000 | 9,137 | Sole |
| Alamos Gold Inc | 1,500,000 | 9,068 | Sole |
| SSR Mining Inc | 600,000 | 8,228 | Sole |
| Pretium Resources Inc | 725,000 | 7,257 | Sole |
| Compania de Minas Buenaventura SAA | 400,000 | 6,668 | Sole |
| Gold Fields Ltd | 670,423 | 3,627 | Sole |
| Golden Star Res Ltd | 979,521 | 3,973 | Sole |
| Maverix Metals Inc (Combined) | 1,500,000 | 6,624 | Sole |
| Mag Silver Corp | 325,000 | 3,425 | Sole |
| Kirkland Lake Gold Ltd | 75,000 | 3,238 | Sole |
| Kinross Gold Corp | 800,000 | 3,098 | Sole |
| Royal Gold Inc | 30,000 | 3,075 | Sole |
| Iamgold Corp | 675,000 | 2,282 | Sole |
| Franco Nevada Corp | 60,000 | 5,093 | Sole |
Note: Revenue, profit, cash flow, debt, and liquidity metrics for ASA Gold & Precious Metals Ltd are not provided in this filing, as Form 13F only reports equity holdings.
Material Changes and Observations
This filing represents a snapshot of holdings as of June 30, 2019. It does not contain comparative data against the prior quarter (March 31, 2019) or year-over-year changes. Therefore, material changes in position size cannot be determined from this document alone.
Guidance, Risks, and Contingencies
The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the portfolio's performance. The standard SEC disclaimer applies: the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Concentration Risk: The top three holdings (Agnico Eagle, Barrick, Newmont) represent approximately 45% of the total reported portfolio value.
- Sector Exposure: The portfolio is exclusively focused on gold mining and precious metals, creating high correlation risk with gold spot prices.
- Voting Control: The manager exercises "Sole" voting authority for all reported positions, indicating full control over voting decisions for these shares.
- Position Splits: Maverix Metals Inc appears as two separate line items (1,000,000 and 500,000 shares); investors should verify if this represents different share classes or a reporting split.
- Valuation Basis: Values are reported in thousands; the total portfolio value is derived by summing the "Value" column.