Sprott Physical Gold Trust reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported that net income and comprehensive income of $292,642,137, compared to net loss and comprehensive loss of $2,629,192 a year ago. Net cash used in operating activities was $1,568,116 against $1,429,859 a year ago. For the period from January 1, 2016 to March 31, 2016, the total change in unrealized gains on physical gold bullion amounted to $308.3 million compared to the change in unrealized gains of $6.8 million during the same period in 2015. The trust's net asset value per unit on March 31, 2016 was $10.17 compared to $8.77 per unit as at December 31, 2015.