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 June 30, 2015. The document discloses the investment manager'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 $109.3 million (sum of Column 4 values). The portfolio consists of 20 distinct issuers, primarily gold mining companies, royalty/streaming firms, and precious metal ETFs.
| Issuer | Shares Held | Value ($000s) | Voting Authority |
|---|---|---|---|
| Agnico Eagle Mines Ltd | 479,300 | 13,598 | Sole |
| Barrick Gold Corp | 1,375,000 | 14,658 | Sole |
| Goldcorp Inc | 932,400 | 15,105 | Sole |
| Newmont Mining Corp | 620,368 | 14,492 | Sole |
| Randgold Resources Ltd | 324,600 | 21,732 | Sole |
| B2Gold Corp | 1,594,338 | 2,437 | Sole |
| Alamos Gold Inc | 450,000 | 2,546 | Sole |
| Asanko Gold Inc | 450,000 | 792 | Sole |
| Compania De Minas Buenaventura | 799,000 | 8,294 | Sole |
| Eldorado Gold Corp | 650,000 | 2,691 | Sole |
| ETFS Palladium Trust | 70,000 | 4,561 | Sole |
| ETFS Platinum Trust | 22,500 | 2,345 | Sole |
| Franco Nevada Corp | 225,000 | 10,728 | Sole |
| Freeport-McMoRan Inc | 315,000 | 5,865 | Sole |
| Kinross Gold Corp | 1,000,000 | 2,320 | Sole |
| New Gold Inc | 600,000 | 1,614 | Sole |
| Primero Mining Corp | 200,000 | 778 | Sole |
| Royal Gold Inc | 210,000 | 12,934 | Sole |
| Stillwater Mining Co | 150,000 | 1,739 | Sole |
| Tahoe Resources Inc | 708,200 | 8,582 | Sole |
Liquidity and Debt: The filing text does not provide data on the company's own liquidity, debt levels, or cash flow, as Form 13F reports only external equity holdings.
Material Changes and Outlook
Material Changes: This document is a snapshot of holdings as of June 30, 2015. It does not contain comparative data against the prior quarter (March 31, 2015) or year-over-year changes. Therefore, material changes in position size cannot be determined from this text alone.
Guidance and Risks: The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the investment strategy. The only risk disclosure present is the standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy.
Key Facts for Investor Verification
- Concentration Risk: The portfolio is heavily concentrated in the gold mining sector, with top holdings including Randgold Resources, Goldcorp, Newmont, and Barrick Gold.
- Valuation Discrepancies: Investors should verify the share prices implied by the "Value" and "Shares" columns, as some positions (e.g., Asanko Gold, B2Gold) show significantly lower valuations per share compared to major peers like Randgold or Goldcorp.
- Reporting Limitations: This filing does not disclose short positions, derivatives (other than the listed ETFs), or non-equity assets held by ASA Gold & Precious Metals Ltd.
- Voting Control: The manager exercises "Sole" voting authority for all listed positions, indicating full control over voting decisions for these securities.