SEC Form 13F Information Table Summary
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by ASA Gold & Precious Metals Ltd for the reporting period ending September 30, 2016. The document discloses the company's holdings in equity securities as required by the Securities and Exchange Commission.
Key Financial Metrics and Holdings
The filing details a portfolio concentrated in the precious metals and mining sector. The total value of reported holdings is approximately $191.7 million (sum of Column 4 values). The portfolio consists of 20 distinct issuers, primarily common stocks and American Depositary Receipts (ADRs) of gold and silver mining companies, as well as precious metal trusts.
| Issuer | Shares Held | Value ($000s) | Voting Authority |
|---|---|---|---|
| Agnico Eagle Mines Ltd | 475,000 | 25,736 | Sole |
| Newmont Mining Corp | 695,368 | 27,321 | Sole |
| Randgold Resources Ltd | 282,100 | 28,230 | Sole |
| Barrick Gold Corp | 1,275,000 | 22,593 | Sole |
| Golcorp Inc | 932,400 | 15,403 | Sole |
| Royal Gold Inc | 190,000 | 14,712 | Sole |
| Franco Nevada Corp | 160,000 | 11,175 | Sole |
| Tahoe Resources Inc | 708,200 | 9,077 | Sole |
| Compania de Minas Buenaventura | 699,000 | 9,674 | Sole |
| Asanko Gold Inc | 1,425,000 | 5,972 | Sole |
| Alamos Gold Inc | 600,000 | 4,938 | Sole |
| B2Gold Corp | 1,594,338 | 4,179 | Sole |
| MAG Silver Corp | 275,000 | 4,143 | Sole |
| Kinross Gold Corp | 800,000 | 3,368 | Sole |
| ETFS Palladium Trust | 45,000 | 3,123 | Sole |
| Stillwater Mining Co | 225,000 | 3,006 | Sole |
| Eldorado Gold Corp | 650,000 | 2,555 | Sole |
| New Gold Inc | 500,000 | 2,175 | Sole |
| ETFS Platinum Trust | 12,500 | 1,235 | Sole |
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for ASA Gold & Precious Metals Ltd, as Form 13F is strictly a disclosure of securities holdings.
Material Changes and Guidance
The filing text does not provide comparative data against prior periods, nor does it contain management commentary, guidance, outlook, or risk factors. It is a static snapshot of holdings as of the reporting date.
Investor Verification Checklist
- Portfolio Concentration: Verify the exposure to specific mining jurisdictions and commodity price sensitivity given the heavy weighting in gold producers.
- Voting Rights: Confirm that "Sole" voting authority applies to all listed positions, indicating full control over voting decisions for these shares.
- Valuation Accuracy: Cross-reference the reported values (Column 4) with market prices as of September 30, 2016, to ensure accurate valuation of the portfolio.
- Derivative Exposure: Note that no put or call options are reported in this filing; verify if other filings disclose derivative positions.