ASA Gold and Precious Metals: Monthly Factsheet January 2026

Closed-end precious metals and mining fund reports strong performance

Mar. 13, 2026 at 6:34pm

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ASA Gold and Precious Metals Limited, a closed-end precious metals and mining fund registered with the United States Securities and Exchange Commission and domiciled in Bermuda, has released its monthly factsheet for January 2026. The fund, which employs bottom-up fundamental analysis and detailed primary research, reported strong performance over the past year, 3 years, 5 years, 10 years, and since its inception in 1958.

Why it matters

As one of the oldest investment management firms focused on the precious metals and mining industry, ASA Gold and Precious Metals Limited's performance and portfolio composition provide valuable insights into the state of the sector. The fund's long-term track record and diversified holdings across various precious metals, mining companies, and stages of development offer a comprehensive view of the industry's dynamics.

The details

According to the factsheet, ASA Gold and Precious Metals Limited had net assets of $1.414 billion as of January 31, 2026, with a net asset value (NAV) of $75.24 per share and a share price of $64.54, representing a 14.22% discount. The fund's portfolio was primarily invested in gold (60.1% of NAV), diversified miners (33.9%), and silver (5.7%), with the majority of holdings in mining companies (61.4%) and exploration companies (26.7%). The top holdings included Americas Gold & Silver Corp, G Mining Ventures Corp, and Orla Mining Ltd.

  • ASA Gold and Precious Metals Limited was established in 1958.
  • The company's shares were listed for trading on the NYSE on December 11, 1958.

The players

ASA Gold and Precious Metals Limited

A closed-end precious metals and mining fund registered with the United States Securities and Exchange Commission and domiciled in Bermuda.

Merk Investments LLC

The investment advisor to ASA Gold and Precious Metals Limited, appointed in 2019.

Peter Maletis

Portfolio manager at Merk Investments, who previously worked as a precious metals analyst at Franklin Templeton.

James Holman

Portfolio manager at Merk Investments.

Axel Merk

Chief Investment Officer at Merk Investments.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

ASA Gold and Precious Metals Limited's strong performance and diversified portfolio demonstrate the fund's ability to navigate the complexities of the precious metals and mining industry. As one of the oldest and most experienced investment firms in the sector, the company's insights and investment decisions provide valuable information for investors and industry observers alike.