Business Context and Reporting Period
This Form 13F-HR filing is submitted by ASA Gold & Precious Metals Ltd, an institutional investment manager, for the quarter ended June 30, 2012. The report was signed on August 8, 2012, by Rodney D. Yee, Chief Operating Officer, Chief Financial Officer & Treasurer. The filing represents a complete holdings report with no other included managers.
Key Financial Metrics
The filing discloses the aggregate value of reportable securities held by the manager. It does not contain the manager's own financial statements (revenue, profit, cash flow, or debt).
- Total Portfolio Value: $290,682,000 (reported as $290,682 in thousands).
- Total Number of Holdings: 17 securities.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Barrick Gold Corp: $46,963,000
- Goldcorp Inc.: $44,435,000
- Randgold Resources Ltd (ADR): $44,528,000
- Agnico-Eagle Mines Ltd: $13,323,000
Material Changes Versus Prior Period
The filing text provided does not include comparative data from the prior quarter (March 31, 2012). Consequently, material changes in holdings, entry/exit of positions, or valuation shifts cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of equity holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing indicates the portfolio is heavily concentrated in the precious metals and mining sector, including exposure to gold, copper, palladium, and platinum producers and royalty companies.
Important Facts for Investor Verification
- Verify the current market value of the 17 holdings, as the reported $290.7 million reflects values as of June 30, 2012.
- Confirm the specific share counts for the top three positions (Barrick Gold, Goldcorp, Randgold) which collectively represent approximately 45% of the reported portfolio value.
- Note that the portfolio includes Exchange Traded Funds (ETFS) for Palladium and Platinum, indicating a direct commodity exposure strategy alongside equity holdings.
- Check subsequent filings to determine if the manager has altered its sector concentration or total asset base since the 2012 reporting period.