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ASA Gold and Precious Metals Limited Reports Financial Results for the Nine Months Ended August 31, 2011 & September Share Repu

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  Published in Business and Finance on Friday, September 30th 2011 at 17:03 GMT by Market Wire
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SAN MATEO, Calif.--([ BUSINESS WIRE ])--[ ASA Gold and Precious Metals Limited ] (NYSE:ASA), a closed-end fund specializing in gold and other precious metal investments worldwide, today reported financial results for the nine months ended August 31, 2011. Total return was 1.2% based on net asset value, and a negative 8.4% based on share price while the return for the FTSE Gold Mines Index was 6.5%. During the period, ASAa™s per share discount fluctuated from a low of 2.0% to a high of 12.4%. The share price of closed-end funds like ASA is determined by the balance of supply and demand, primarily trading activity in the open market and consequently may reflect a premium to (higher than) or discount to (lower than) its underlying NAV.

September 2011 Share Repurchases:

During the month of September, ASA repurchased 150,095 of its own shares at a cost of $4.6 million. The Company had 19,289,905 shares outstanding on September 30^th, 2011.

The repurchases reflect the Boarda™s commitment to increase shareholder value. Under the Companya™s share repurchase plan, ASA may purchase shares from time to time in accordance with federal securities laws.

Established in 1958, ASA Gold and Precious Metals Limited is a closed-end fund (NYSE: ASA) that invests in the securities of mining companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals. The companya™s wholly-owned investment adviser designs and manages gold and precious metals investment portfolios for foundations, endowments and other institutional investors.

For further information please visit [ www.asaltd.com ] or contact ASA directly at (800) 432-3378.