Sprott Physical Gold Trust Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
For the first half, the company reported unrealized gain on gold bullion were $13,814,551 against gain of $77,401,587 a year ago. Net income was $9,008,175 or basic and diluted per share was $0.05 per unit against net income of $74,124,053 or basic and diluted income per share of $0.67 per unit a year ago. Net cash used in operating activities was $3,992,263 against $2,829,942 a year ago. Purchase of gold bullion was $317,485,902 against $313,773,503 a year ago. The company reported unrealized profit of $0.08 per share and total increase from operations of $0.05 per share for the six months of 2012.