Sprott Trust’s Bullion Gains Boost Q1 Results

Sprott Physical Gold Trust Units (PHYS) has released an update.

Sprott Physical Gold Trust reports a significant increase in unrealized gains on physical gold bullion to $470.6 million and realized gains of $44.2 million for the first quarter of 2024. The Trust’s net assets grew to $6,894.6 million, with a net asset value per unit rising to $17.57. Trading on the NYSE Arca and TSX, the Trust’s units saw an average discount to net asset value of approximately 1.9%, with no material changes to its risk level or management.

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