Sprott Physical Gold & Silver Trust (CEF) Operating Expenses (2018 - 2026)
Sprott Physical Gold & Silver Trust's Operating Expenses came in at $11.34 million for the quarter ended Jun 30, 2026, up 59.4% from $7.12 million a year earlier but down 0.1% from the prior quarter.
Sprott Physical Gold & Silver Trust (CEF) Operating Expenses (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sprott Physical Gold & Silver Trust reported Operating Expenses of $9.16 million, up 228.8% year-over-year; for the year ended Dec 31, 2025, it came in at $150.00, up 36.4% from the prior year.
- Operating Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 10.8% (years ended Dec 2020 to Dec 2025).
- Going back by year, Operating Expenses was $110.00 in the year ended Dec 31, 2024 (+10.0%), $100.00 in the year ended Dec 31, 2023 (+11.1%), $90.00 in the year ended Dec 31, 2022 (-10.0%) and $100.00 in the year ended Dec 31, 2021 (+11.1%).
- The five-year range for quarterly Operating Expenses is -$21.24 million (the quarter ended Dec 31, 2025) to $11.35 million (the quarter ended Mar 31, 2026).
- The fastest year-over-year change in Operating Expenses over five years came in the quarter ended Mar 31, 2026 (growth of 76.9%), and the weakest in the quarter ended Sep 30, 2022 (a decline of 12.4%).
- Business Quant data shows CEF's Operating Expenses at $11.35 million (quarter ended Mar 31, 2026), -$21.24 million (quarter ended Dec 31, 2025) and $7.71 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 217.23 Bn | -2,082.64 Bn | 24.75 Bn | 14.22 Bn |
| 2 | Bhp | 215.58 Bn | 159.38 Bn | - | - |
| 3 | Bank Of Nova Scotia | 112.36 Bn | -322.86 Bn | - | 3.98 Bn |
| 4 | Nokia | 58.28 Bn | 58.28 Bn | 2.58 Bn | -2.56 Bn |
| 5 | Haleon | 40.29 Bn | 33.48 Bn | - | - |
| 6 | Gold Fields | 32.31 Bn | 29.12 Bn | - | - |
| 7 | Sprott Physical Gold Trust | 14.84 Bn | 14.70 Bn | - | 16.42 Mn |
| 8 | Sprott Physical Silver Trust | 11.90 Bn | 11.57 Bn | - | 20.81 Mn |
| 9 | Magnum Ice Cream | 10.88 Bn | 9.56 Bn | - | - |
| 10 | Sprott Physical Gold & Silver Trust | 7.92 Bn | 7.86 Bn | - | 11.34 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.34 Mn |
| Mar 31, 2026 | 11.35 Mn |
| Dec 31, 2025 | -21.24 Mn |
| Sep 30, 2025 | 7.71 Mn |
| Jun 30, 2025 | 7.12 Mn |
| Mar 31, 2025 | 6.42 Mn |
| Dec 31, 2024 | -16.79 Mn |
| Sep 30, 2024 | 6.05 Mn |
| Jun 30, 2024 | 5.72 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Dec 31, 2023 | -15.27 Mn |
| Sep 30, 2023 | 5.11 Mn |
| Jun 30, 2023 | 5.20 Mn |
| Mar 31, 2023 | 4.97 Mn |
| Dec 31, 2022 | -14.58 Mn |
| Sep 30, 2022 | 4.58 Mn |
| Jun 30, 2022 | 4.97 Mn |
| Mar 31, 2022 | 5.03 Mn |
| Dec 31, 2021 | -15.80 Mn |
| Sep 30, 2021 | 5.23 Mn |
Sprott Physical Gold & Silver Trust Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();