Sprott Physical Gold Trust reported unaudited earnings results for the quarter ended March 31, 2012. For the quarter, the company reported unrealized gain on gold bullion of $113,431,729 against $9,459,183 for the same period a year ago. Net income for the period attributable to the Trust's redeemable units was $110,954,474 against $8,042,937 for the same period a year ago. Total comprehensive income for the period was $110,954,474 against $8,042,937 for the same period a year ago. Basic and diluted income per unit was $0.69 against $0.08 for the same period a year ago. Net cash used in operating activities was $1,322,774 against $1,087,928 for the same period a year ago. Net asset value was $14.02 per share against $13.17 per share for the same period a year ago.