Central Fund of Canada Limited reported unaudited earnings results for the three months ended January 31, 2017. For the period, the company reported total income of $23,063 against $2,480 a year ago. Net loss and comprehensive loss inclusive of the change in unrealized appreciation of holdings was $137,339,469 compared to $174,033,861 a year ago. Net loss from administrative activities was $2,765,869 against $2,942,286 a year ago. Virtually all of the net loss for the three-month period ended January 31, 2017 was a result of the change in the unrealized appreciation of holdings, which was driven by the lower prices of gold and silver bullion during the period.