Sprott Physical Gold Trust announced unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported unrealized losses on gold bullion were $99,617,178 against gain of $67,942,404 a year ago. Net loss was $101,946,299 or basic and diluted loss per share was $0.60 per unit against net income of $66,081,116 or basic and diluted income per share of $0.54 per unit a year ago. The company reported unrealized losses of $0.59 per share and total decrease from operations of $0.60 per share for the second quarter of 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.