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ASA

ASA Gold and Precious Metals

ASA

Market cap $1.05B

57.34 USD

-0.08

0.14%

At close Updated Sep 16, 1:07 PM EDT

1 day

-0.14%

5 days

-7.07%

1 month

-3.84%

3 months

-6.55%

6 months

-13.12%

Year to date

-1.56%

1 year

40.2%

5 years

187.42%

10 years

302.39%

About: ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 12.5%

Neutral 62.5%

Negative 25%

ASA: Change Of Mandate For This CEF

ASA Gold & Precious Metals Limited is undergoing a major mandate shift from a gold/miners CEF to a credit-focused BDC managed by Saba. Saba, now holding ~32% of ASA, engineered the conversion to access management fees and pursue illiquid credit opportunities from stressed BDCs. ASA trades at a ~20% discount to NAV; a +10% arbitrage return is targeted if the conversion proceeds, though gold market risk remains until approval.

ASA: Change Of Mandate For This CEF

ASA International Group PLC (AIGRF) Q2 2026 Earnings Call Transcript

ASA International Group PLC (AIGRF) Q2 2026 Earnings Call Transcript

ASA International Group PLC (AIGRF) Q2 2026 Earnings Call Transcript

Axel Merk Calls on ASA Board to Give Shareholders Liquidity at Nav Before Saba BDC Conversion

Investors should tell the Board now: liquidity first, restructuring later Investors should tell the Board now: liquidity first, restructuring later

Axel Merk Calls on ASA Board to Give Shareholders Liquidity at Nav Before Saba BDC Conversion

ASA Gold and Precious Metals Limited Announces Board Approval of Proposed Conversion to Business Development Company

PORTLAND, Maine--(BUSINESS WIRE)--Based on the unanimous recommendation of its Special Committee, the Board of Directors (the “Board”) of ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Company”) is pleased to announce that it has approved a proposal to convert the Company from a registered closed-end investment company focused on the gold and precious-metals sector into a business development company (“BDC”) with a yield-oriented, credit-focused strategy (the “BDC Conversion”). As part.

ASA Gold and Precious Metals Limited Announces Board Approval of Proposed Conversion to Business Development Company

ASA Gold & Precious Metals: A 15% Discount Is Tempting

ASA Gold and Precious Metals is rated BUY, offering pure junior gold miner exposure at a 14.7% discount to NAV. ASA's portfolio outperformed GDXJ by 2.4% annualized (2016–2025), but its 1.88% expense ratio is significantly higher than peers. Key risks include Saba Capital's board control, possible conversion to a BDC, and uncertain portfolio management after the Merk advisory termination.

ASA Gold & Precious Metals: A 15% Discount Is Tempting

Axel Merk calls on SEC to intervene at ASA Gold and Precious Metals Limited as Saba-controlled Board terminates advisory agreement

PALO ALTO, Calif., July 01, 2026 (GLOBE NEWSWIRE) -- Axel Merk, an ASA Gold and Precious Metals Limited (NYSE: ASA) shareholder, today called on the Securities and Exchange Commission to scrutinize the actions of ASA's Board after the Board terminated Merk Investments LLC as the Fund's investment adviser and moved portfolio management to an internal investment committee made up of Saba-controlled Board members.

Axel Merk calls on SEC to intervene at ASA Gold and Precious Metals Limited as Saba-controlled Board terminates advisory agreement

ASA Gold and Precious Metals Limited Announces the Appointment of Paul Kazarian as President and Principal Executive Officer; and the Establishment of an Investment Committee to Manage the Company's Portfolio Internally on an Interim Basis

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Company”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Paul Kazarian has been appointed President and Principal Executive Officer (“PEO”) of the Company. Axel Merk and Peter Maletis no longer serve as officers of the Company. The Company also announced that, as the Special Committee of the Board of Directors continues its work evaluating.

ASA Gold and Precious Metals Limited Announces the Appointment of Paul Kazarian as President and Principal Executive Officer; and the Establishment of an Investment Committee to Manage the Company's Portfolio Internally on an Interim Basis

This Gold Fund Looks Like A Bargain. It Isn't

ASA Gold & Precious Metals Limited (ASA) is a standout among closed-end funds (CEFs), but not for the reasons we'd like!

This Gold Fund Looks Like A Bargain. It Isn't

ASA Gold and Precious Metals Limited Announces Resignation of Axel Merk as Chief Operating Officer of the Fund

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Axel Merk has resigned from his position as Chief Operating Officer of the Fund, effective immediately. Mr. Merk submitted his resignation letter to the Board of Directors of the Fund this morning without prior notice. Also without prior notice to the Fund or the Board, Mr. Merk announce.

ASA Gold and Precious Metals Limited Announces Resignation of Axel Merk as Chief Operating Officer of the Fund

ASA Gold and Precious Metals Limited Announces Reauthorization of Share Repurchase Program

PORTLAND, Maine--(BUSINESS WIRE)--ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that its Board of Directors has renewed its share repurchase authorization for the Fund to repurchase up to 5% of its total common shares from May 1, 2026, through April 30, 2027. The Fund may from time to time purchase its common shares at a discount to NAV on the open market in such amounts.

ASA Gold and Precious Metals Limited Announces Reauthorization of Share Repurchase Program

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