ASA GOLD AND PRECIOUS METALS LIMITED Gold and Precious Metals Limited
Schedule of Investments and Financial Statements
For the Three Months Ended February 28, 2023
(Unaudited)
A Closed-End Fund
Specializing in Gold and Other
Precious Metals Investments
Schedule of Investments (Unaudited)
February 28, 2023
% of Net | |||||||
Name of Company | Shares | Value | Assets | ||||
Common Shares | |||||||
Gold mining, exploration, development and royalty companies | |||||||
Australia | |||||||
Alicanto Minerals, Ltd. (1) | 38,000,004 | $ | 1,431,931 | 0.4% | |||
Barton Gold Holdings, Ltd. (1) | 8,600,000 | 1,244,192 | 0.4 | ||||
Bellevue Gold, Ltd. (1) | 8,966,667 | 6,425,858 | 2.0 | ||||
Cygnus Metals, Ltd. (1) | 16,850,000 | 3,288,126 | 1.0 | ||||
Emerald Resources NL (1) | 17,125,000 | 15,210,904 | 4.7 | ||||
Los Cerros, Ltd. (1) | 30,625,000 | 680,050 | 0.2 | ||||
Pantoro, Ltd. (1) | 16,000,000 | 624,451 | 0.2 | ||||
Perseus Mining, Ltd. | 9,000,000 | 11,900,236 | 3.7 | ||||
Predictive Discovery, Ltd. (1) | 81,850,000 | 9,363,067 | 2.9 | ||||
Prodigy Gold NL (1) | 116,250,000 | 860,471 | 0.3 | ||||
Canada | 51,029,286 | 15.8 | |||||
Agnico Eagle Mines, Ltd. | 195,000 | 8,975,850 | 2.8 | ||||
Alamos Gold, Inc. | 1,150,000 | 11,707,000 | 3.6 | ||||
American Pacific Mining Corp. 144A (1)(2) | 3,000,000 | 813,485 | 0.2 | ||||
Angel Wing Metals, Inc. (1) | 7,900,000 | 636,863 | 0.2 | ||||
Atex Resources, Inc. (1) | 2,300,000 | 2,005,863 | 0.6 | ||||
B2Gold Corp. | 2,000,000 | 6,780,000 | 2.1 | ||||
Barrick Gold Corp. | 650,000 | 10,478,000 | 3.2 | ||||
Calibre Mining Corp. (1) | 11,083,000 | 9,259,524 | 2.9 | ||||
Desert Gold Ventures, Inc. (1) | 14,588,264 | 588,021 | 0.2 | ||||
G Mining Ventures Corp. (1) | 23,265,947 | 15,345,806 | 4.7 | ||||
GoGold Resources, Inc. (1) | 2,857,140 | 4,397,211 | 1.4 | ||||
Gold Mountain Mining Corp. (1) | 3,108,000 | 250,553 | 0.1 | ||||
HighGold Mining, Inc. (1) | 3,000,000 | 1,582,997 | 0.5 | ||||
Lahontan Gold Corp. (1) | 8,400,000 | 615,610 | 0.2 | ||||
Liberty Gold Corp. (1) | 12,482,000 | 4,848,267 | 1.5 | ||||
Lotus Gold Corp. (1)(3) | 4,900,000 | 1,580,066 | 0.5 | ||||
Marathon Gold Corp. (1) | 6,389,200 | 4,167,379 | 1.3 | ||||
Mawson Gold, Ltd. (1) | 10,600,000 | 1,631,367 | 0.5 | ||||
Millennial Precious Metals Corp. (1) | 15,711,663 | 1,957,481 | 0.6 | ||||
Monarch Mining Corp. (1) | 7,300,000 | 320,997 | 0.1 | ||||
Newcore Gold, Ltd. (1) | 5,750,000 | 969,219 | 0.3 | ||||
Nighthawk Gold Corp. (1) | 6,148,000 | 2,027,556 | 0.6 | ||||
O3 Mining, Inc. (1) | 2,223,000 | 2,427,461 | 0.7 | ||||
Orla Mining, Ltd. (1) | 7,200,000 | 31,396,116 | 9.7 | ||||
Osino Resources Corp. (1) | 5,000,000 | 3,114,694 | 1.0 | ||||
Prime Mining Corp. (1) | 7,150,000 | 10,637,230 | 3.3 | ||||
Probe Gold, Inc. (1) | 7,087,500 | 7,012,184 | 2.2 | ||||
Roscan Gold Corp. (1) | 10,886,900 | 1,436,161 | 0.4 | ||||
Skeena Resources, Ltd. (1) | 700,000 | 3,626,000 | 1.1 | ||||
Talisker Resources, Ltd. (1) | 12,500,000 | 870,282 | 0.2 | ||||
TDG Gold Corp. (1) | 9,227,925 | 2,299,373 | 0.7 | ||||
Thesis Gold, Inc. (1) | 7,400,000 | 5,152,071 | 1.6 | ||||
Westhaven Gold Corp. (1) | 5,500,000 | 1,390,619 | 0.4 | ||||
Cayman Islands | 160,301,306 | 49.4 | |||||
Endeavour Mining PLC | 700,000 | 14,569,439 | 4.5 | ||||
2 | The notes to financial statements form an integral part of these statements. |
Schedule of Investments (Unaudited) (continued)
February 28, 2023
% of Net | |||||||
Name of Company | Shares | Value | Assets | ||||
Common Shares (continued) | |||||||
Gold mining, exploration, development and royalty companies (continued) | |||||||
South Africa | |||||||
AngloGold Ashanti, Ltd. ADR | 400,000 | $ | 6,664,000 | 2.0% | |||
Gold Fields, Ltd. ADR | 600,000 | 5,454,000 | 1.7 | ||||
United States | 12,118,000 | 3.7 | |||||
SSR Mining, Inc. | 800,000 | 10,941,208 | 3.4 | ||||
Total gold mining, exploration, development and royalty companies (Cost $186,648,844) | 248,959,239 | 76.8 | |||||
Diversified metals mining, exploration, development and royalty companies | |||||||
Australia | |||||||
Auteco Minerals, Ltd. (1) | 89,200,750 | 2,400,927 | 0.7 | ||||
Bellavista Resources ltd (1) | 1,625,000 | 185,889 | 0.0 | ||||
Castile Resources, Ltd. (1) | 15,143,255 | 978,230 | 0.3 | ||||
Genesis Minerals, Ltd. (1) | 1,166,934 | 879,457 | 0.3 | ||||
Geopacific Resources, Ltd. (1) | 17,857,143 | 192,257 | 0.1 | ||||
Red Dirt Metals, Ltd. (1) | 11,338,600 | 3,090,046 | 0.9 | ||||
Canada | 7,726,806 | 2.3 | |||||
Adventus Mining Corp. (1) | 5,310,000 | 2,101,429 | 0.6 | ||||
Americas Gold & Silver Corp. (1) | 4,601,400 | 2,298,136 | 0.7 | ||||
Arizona Metals Corp. (1) | 2,500,000 | 8,281,422 | 2.6 | ||||
Aya Gold & Silver, Inc. (1) | 2,300,000 | 13,484,793 | 4.2 | ||||
Benchmark Metals, Inc. (1) | 15,384,615 | 4,115,342 | 1.3 | ||||
Bunker Hill Mining Corp. (1) | 19,214,957 | 1,689,846 | 0.5 | ||||
Emerita Resources Corp. (1) | 2,750,000 | 1,813,851 | 0.6 | ||||
Euro Sun Mining, Inc. (1) | 7,000,000 | 307,805 | 0.1 | ||||
Huntsman Exploration, Inc. (1) | 6,175,000 | 22,627 | 0.0 | ||||
Integra Resources Corp. (1) | 3,230,000 | 1,680,503 | 0.5 | ||||
Max Resource Corp. (1) | 8,200,000 | 1,141,810 | 0.3 | ||||
Pan Global Resources, Inc. (1) | 6,667,000 | 1,856,695 | 0.6 | ||||
Sable Resources, Ltd. (1) | 26,160,000 | 1,342,030 | 0.4 | ||||
United States | 40,136,289 | 12.4 | |||||
Bendito Resources, Inc. 144A (1)(2)(3) | 4,288,000 | 1,072,000 | 0.3 | ||||
Total diversified metals mining, exploration, development and royalty companies | |||||||
(Cost $76,812,182) | 48,935,095 | 15.0 | |||||
Silver mining, exploration, development and royalty companies | |||||||
Canada | |||||||
Andean Precious Metals Corp. (1) | 2,000,000 | 1,231,220 | 0.4 | ||||
Discovery Silver Corp. (1) | 7,154,545 | 6,134,714 | 1.9 | ||||
Silver Mountain Resources, Inc. (1) | 10,000,000 | 1,905,460 | 0.6 | ||||
Silver Tiger Metals, Inc. (1) | 14,795,333 | 3,198,698 | 1.0 | ||||
South Africa | 12,470,092 | 3.9 | |||||
Sibanye Stillwater, Ltd. ADR | 273,043 | 2,211,648 | 0.7 | ||||
Total silver mining, exploration, development and royalty companies (Cost $13,652,663) | 14,681,740 | 4.6 | |||||
Total common shares (Cost $277,113,689 ) | 312,576,074 | 96.4 | |||||
Rights (1)(3) | |||||||
Silver mining, exploration, development and royalty companies | |||||||
Canada | |||||||
Pan American Silver Corp. (Exp. Date 2/22/29) | 393,200 | 87,118 | 0.0 | ||||
Total rights (Cost $136,720) | 87,118 | 0.0 |
The notes to financial statements form an integral part of these statements. | 3 |
Schedule of Investments (Unaudited) (continued)
February 28, 2023
Warrants (1)(3)
Diversified metals mining, exploration, development and royalty companies | |||||
Australia | |||||
Red Dirt Metals, Ltd. (Exercise Price $0.25, Exp. Date 11/18/24) | 2,834,650 | $ | 343,338 | 0.1% | |
Canada | |||||
Angel Wing Metals, Inc. (Exercise Price $0.40, Exp. Date 6/17/23) | 3,950,000 | 0 | 0.0 | ||
Aya Gold & Silver, Inc. (Exercise Price $3.30, Exp. Date 9/8/23) | 1,200,000 | 4,212,532 | 1.3 | ||
Benchmark Metals, Inc. (Exercise Price $0.65, Exp. Date 9/28/24) | 1,500,000 | 21,986 | 0.0 | ||
Bunker Hill Mining Corp. (Exercise Price $0.50, Exp. Date 8/15/23) | 3,464,957 | 0 | 0.0 | ||
Bunker Hill Mining Corp. (Exercise Price $0.60, Exp. Date 2/9/26) | 1,250,000 | 0 | 0.0 | ||
Bunker Hill Mining Corp. (Exercise Price $0.37, Exp. Date 4/1/25) | 5,000,000 | 0 | 0.0 | ||
Bunker Hill Mining Corp. (Exercise Price $0.50, Exp. Date 8/15/23) | 9,500,000 | 0 | 0.0 | ||
Emerita Resources Corp. (Exercise Price $1.50, Exp. Date 7/15/23) | 1,375,000 | 50,385 | 0.0 | ||
Euro Sun Mining, Inc. (Exercise Price $0.55, Exp. Date 6/5/23) | 5,500,000 | 0 | 0.0 | ||
Huntsman Exploration, Inc. (Exercise Price $0.35, Exp. Date 10/19/23) | 6,175,000 | 0 | 0.0 | ||
Max Resource Corp. (Exercise Price $0.85, Exp. Date 5/18/23) | 8,200,000 | 0 | 0.0 | ||
Sable Resources, Ltd. (Exercise Price $0.20, Exp. Date 9/10/23) | 11,000,000 | 0 | 0.0 | ||
4,284,903 | 1.3 | ||||
Total diversified metals mining, exploration, development and royalty companies | |||||
(Cost $1,647,758) | 4,628,241 | 1.4 | |||
Gold mining, exploration, development and royalty companies | |||||
Canada | |||||
American Pacific Mining Corp. (Exercise Price $1.40, Exp. Date 12/10/23) | 1,500,000 | 0 | 0.0 | ||
Atex Resources, Inc. (Exercise Price $1.00, Exp. Date 8/31/25) | 675,000 | 168,194 | 0.1 | ||
Desert Gold Ventures, Inc. (Exercise Price $0.40, Exp. Date 8/28/23) | 6,700,000 | 0 | 0.0 | ||
Desert Gold Ventures, Inc. (Exercise Price $0.25, Exp. Date 12/31/24) | 594,132 | 0 | 0.0 | ||
G Mining Ventures Corp. (Exercise Price $1.90, Exp. Date 9/9/24) | 3,500,000 | 128,252 | 0.0 | ||
Gold Mountain Mining Corp. (Exercise Price $1.75, Exp. Date 4/21/24) | 2,200,000 | 0 | 0.0 | ||
Lahontan Gold Corp. (Exercise Price $0.18, Exp. Date 2/28/26) | 1,950,000 | 7,146 | 0.0 | ||
Lahontan Gold Corp. (Exercise Price $0.65, Exp. Date 3/24/24) | 2,250,000 | 0 | 0.0 | ||
Lotus Gold Corp. (Exercise Price $0.75, Exp. Date 8/16/23) | 2,200,000 | 32,246 | 0.0 | ||
Marathon Gold Corp. (Exercise Price $1.35, Exp. Date 9/20/24) | 1,675,000 | 98,205 | 0.0 | ||
Millennial Precious Metals Corp. (Exercise Price $0.55, Exp. Date 6/16/24) | 1,689,165 | 0 | 0.0 | ||
Monarch Mining Corp. (Exercise Price $0.95, Exp. Date 4/6/27) | 1,700,000 | 0 | 0.0 | ||
Monarch Mining Corp. (Exercise Price $1.05, Exp. Date 6/29/23) | 2,500,000 | 0 | 0.0 | ||
Nighthawk Gold Corp. (Exercise Price $1.50, Exp. Date 7/7/23) | 2,174,000 | 0 | 0.0 | ||
Nighthawk Gold Corp. (Exercise Price $1.05, Exp. Date 5/3/24) | 900,000 | 0 | 0.0 | ||
Prime Mining Corp. (Exercise Price $1.10, Exp. Date 6/10/25) | 920,000 | 714,694 | 0.2 | ||
Prime Mining Corp. (Exercise Price $2.00, Exp. Date 12/22/25) | 450,000 | 178,087 | 0.1 | ||
Prime Mining Corp. (Exercise Price $5.00, Exp. Date 4/27/24) | 400,000 | 0 | 0.0 | ||
TDG Gold Corp. (Exercise Price $0.75, Exp. Date 12/22/23) | 225,000 | 0 | 0.0 | ||
1,326,824 | 0.4 | ||||
Total gold mining, exploration, development and royalty companies (Cost $2,004,509) | 1,326,824 | 0.4 | |||
Silver mining, exploration, development and royalty companies | |||||
Canada | |||||
Silver Mountain Resources, Inc. (Exercise Price $0.50, Exp. Date 1/31/24) | 5,000,000 | 0 | 0.0 | ||
Silver Tiger Metals, Inc. (Exercise Price $0.50, Exp. Date 7/31/23) | 1,666,666 | 0 | 0.0 | ||
0 | 0.0 | ||||
Total silver mining, exploration, development and royalty companies (Cost $260,869) | 0 | 0.0 | |||
Total warrants (Cost $3,913,136) | 5,955,065 | 1.8 | |||
Money Market Fund | |||||
Federated US Treasury Cash Reserve Fund, Institutional Shares, 4.38%(4) | 478,764 | 478,764 | 0.2 | ||
Total money market fund (Cost $478,764) | 478,764 | 0.2 | |||
Investments, at value (Cost $281,642,309) | 319,097,021 | 98.4 | |||
Cash, receivables and other assets less other liabilities | 5,087,640 | 1.6 | |||
Net assets | $ | 324,184,661 | 100.0% | ||
ADR | American Depositary Receipt | ||||
PLC | Public Limited Company |
4 | The notes to financial statements form an integral part of these statements. |
Schedule of Investments (Unaudited) (continued)
February 28, 2023
- Non-incomeproducing security.
- Security exempt from registration under Rule 144A under the Securities Act of 1933. At the period end, the value of these securities amounted to $1,885,485 or 0.6% of net assets.
- Security fair valued in accordance with procedures adopted by the Board of Directors. At the period end, the value of these securities amounted to $8,694,249 or 2.7% of net assets.
-
Dividend yield changes daily to reflect current market conditions. Rate was the quoted yield as of February 28,
2023.
Portfolio Statistics (Unaudited)
February 28, 2023
Geographic Breakdown* | ||
Australia | 18.2% | |
Canada | 67.4 | |
Cayman Islands | 4.5 | |
South Africa | 4.4 | |
United States | 3.7 | |
Cash | 1.8 | |
100.0% |
*Geographic breakdown, which is based on company domiciles, is expressed as a percentage of total net assets including cash.
The notes to financial statements form an integral part of these statements. | 5 |
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ASA Gold and Precious Metals Limited published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 04:32:04 UTC.
