v3.25.4
Statements of financial position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash $ 18,819 $ 4,415
Gold bullion (note 6) 5,338,628 3,437,765
Silver bullion (note 6) 3,709,849 1,572,638
Prepaid assets 238 97
Total assets 9,067,534 5,014,915
Liabilities    
Accounts payable 2,524 2,413
Total liabilities 2,524 2,413
Equity    
Unitholders’ capital 2,779,630 2,903,070
Unit premiums and reserves 170 161
Retained earnings (deficit) 6,288,500 2,112,544
Underwriting commissions and issue expenses (3,290) (3,273)
Total equity (note 7) 9,065,010 5,012,502
Total liabilities and equity $ 9,067,534 $ 5,014,915
Total equity per Unit $ 47.48 $ 25.00