Q1 2025 Holdings
Filed 2025-05-15 | 18 holdings | $525.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $226.8M | 33,000,000 | 43.2% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $157.1M | 20,851,772 | 29.9% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $77.9M | 7,720,340 | 14.8% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $25.7M | 9,711,503 | 4.9% |
| Solaris RES Inc(SLSR) | COM NEW | 83419D201 | $18.3M | 5,454,201 | 3.5% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $12.2M | 20,727,351 | 2.3% |
| Ivanhoe Electric Inc(IE) | COM | 46578C108 | $5.2M | 889,694 | 1.0% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $361.4K | 84,691 | 0.1% |
| Methanex Corp(MEOH) | COM | 59151K108 | $324.1K | 9,243 | 0.1% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $321.0K | 32,161 | 0.1% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $315.3K | 41,580 | 0.1% |
| MAG Silver Corp(MQ8) | COM | 55903Q104 | $266.4K | 17,512 | 0.1% |
| Century Alum Co(CENX) | COM | 156431108 | $208.0K | 11,205 | 0.0% |
| Cleveland-Cliffs Inc New(CLF) | COM | 185899101 | $148.7K | 18,085 | 0.0% |
| Collective Mining LTD(CNL) | COM | 19425C100 | $109.6K | 12,570 | 0.0% |
| Lithium Argentina AG(LAR) | COM SHS | H5012F103 | $102.7K | 48,005 | 0.0% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $100.8K | 17,027 | 0.0% |
| Energy Fuels Inc(UUUU) | COM NEW | 292671708 | $97.2K | 26,072 | 0.0% |