The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | |||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | ||||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | (to the nearest dollar) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| AMBEV SA-ADR | SPONSORED ADS | 02319V103 | 8,297 | 3,385,447 | SH | SOLE | 1,450,656 | 0 | 1,934,791 | |||
| BARRICK GOLD CORP | SPONSORED ADR | 067901108 | 33,632 | 1,982,666 | SH | SOLE | 1,201,392 | 0 | 781,274 | |||
| AGNICO EAGLE MINES LTD | COM | 008474108 | 36,917 | 613,974 | SH | SOLE | 371,440 | 0 | 242,534 | |||
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 | 323 | 43,018 | SH | SOLE | 0 | 0 | 43,018 | |||
| ALAMOS GOLD INC-CLASS A | COM CL A | 011532108 | 3,624 | 245,529 | SH | SOLE | 220,000 | 0 | 25,529 | |||
| ALGONQUIN POWER & UTILITIES | COM | 015857105 | 2,287 | 361,115 | SH | SOLE | 350,000 | 0 | 11,115 | |||
| ANGLOGOLD ASHANTI PLC | COM | G0378L100 | 998 | 44,934 | SH | SOLE | 42,000 | 0 | 2,934 | |||
| BANCO BRADESCO-ADR | SP ADR PFD NEW | 059460303 | 3,660 | 1,277,106 | SH | SOLE | 1,239,700 | 0 | 37,406 | |||
| BCE INC | SPONSORED ADS | 05534B760 | 2,485 | 75,223 | SH | SOLE | 10,000 | 0 | 65,223 | |||
| BANK OF NOVA SCOTIA | SPONSORED ADR | 064149107 | 12,374 | 241,967 | SH | SOLE | 107,000 | 0 | 134,967 | |||
| BP PLC-SPONS ADR | SPONSORED ADS | 055622104 | 14,727 | 383,882 | SH | SOLE | 160,000 | 0 | 223,882 | |||
| B2GOLD CORP | SPONSORED ADR | 11777Q209 | 13,025 | 4,963,971 | SH | SOLE | 4,103,229 | 0 | 860,742 | |||
| BRITISH AMERICAN TOB-SP ADR | SPONSORED ADR | 110448107 | 19,830 | 656,266 | SH | SOLE | 350,000 | 0 | 306,266 | |||
| SPDR BLOOMBERG INT TREASURY | BLOOMBERG INTL T | 78464A516 | 1,243 | 54,880 | SH | SOLE | 0 | 0 | 54,880 | |||
| CIA CERVECERIAS UNI-SPON ADR | COM | 204429104 | 2,657 | 220,211 | SH | SOLE | 174,402 | 0 | 45,809 | |||
| CANADIAN NATL RAILWAY CO | COM | 136375102 | 321 | 2,372 | SH | SOLE | 0 | 0 | 2,372 | |||
| CEMEX SAB-SPONS ADR PART CER | COM | 151290889 | 108 | 11,582 | SH | SOLE | 0 | 0 | 11,582 | |||
| DAKOTA GOLD CORP | SPON ADR REP PFD | 46655E100 | 757 | 312,823 | SH | SOLE | 151,265 | 0 | 161,558 | |||
| DIAGEO PLC-SPONSORED ADR | COM | 25243Q205 | 1,194 | 8,149 | SH | SOLE | 0 | 0 | 8,149 | |||
| EQUINOR ASA-SPON ADR | COM | 29446M102 | 7,991 | 287,648 | SH | SOLE | 55,000 | 0 | 232,648 | |||
| EQUINOX GOLD CORP | COM | 29446Y502 | 13,585 | 2,252,089 | SH | SOLE | 2,063,099 | 0 | 188,990 | |||
| FIRST TRUST EMERGING MARKETS | COM | 33739P202 | 3,283 | 114,450 | SH | SOLE | 0 | 0 | 114,450 | |||
| FRANCO-NEVADA CORP | COM | 351858105 | 26,755 | 223,877 | SH | SOLE | 127,696 | 0 | 96,181 | |||
| FORTUNA SILVER MINES INC | COM | 349915108 | 17,385 | 4,590,002 | SH | SOLE | 3,624,980 | 0 | 965,022 | |||
| VANECK GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 | 349 | 10,501 | SH | SOLE | 0 | 0 | 10,501 | |||
| GOLD FIELDS LTD-SPONS ADR | COM | 38059T106 | 195 | 12,033 | SH | SOLE | 0 | 0 | 12,033 | |||
| GSK PLC-SPON ADR | COM | 37733W204 | 9,577 | 227,789 | SH | SOLE | 110,760 | 0 | 117,029 | |||
| HALEON PLC-ADR | COM | 405552100 | 838 | 101,590 | SH | SOLE | 0 | 0 | 101,590 | |||
| IAMGOLD CORP | COM | 450913108 | 9,180 | 2,741,575 | SH | SOLE | 2,400,000 | 0 | 341,575 | |||
| I-80 GOLD CORP | COM | 44955L106 | 10,157 | 7,747,765 | SH | SOLE | 7,109,000 | 0 | 638,765 | |||
| IVANHOE ELECTRIC INC / US | SPON ADR REP PFD | 46578C108 | 1,200 | 121,112 | SH | SOLE | 112,300 | 0 | 8,812 | |||
| ISHARES INTERNATIONAL TREASU | INTL TREA BD ETF | 464288117 | 1,923 | 47,663 | SH | SOLE | 0 | 0 | 47,663 | |||
| INFOSYS LTD-SP ADR | COM | 456788108 | 725 | 40,186 | SH | SOLE | 30,000 | 0 | 10,186 | |||
| ITAU UNIBANCO H-SPON PRF ADR | SPON ADR REP PFD | 465562106 | 1,207 | 174,079 | SH | SOLE | 150,000 | 0 | 24,079 | |||
| KINROSS GOLD CORP | COM | 496902404 | 10,152 | 1,616,267 | SH | SOLE | 669,905 | 0 | 946,362 | |||
| KT CORP-SP ADR | SPON ADR REP PFD | 48268K101 | 193 | 13,097 | SH | SOLE | 0 | 0 | 13,097 | |||
| METALLA ROYALTY & STREAMING | COM NEW | 59124U605 | 12,577 | 4,028,487 | SH | SOLE | 3,643,823 | 0 | 384,664 | |||
| NEWMONT CORP | COM | 651639106 | 14,978 | 396,751 | SH | SOLE | 155,000 | 0 | 241,751 | |||
| NETEASE INC-ADR | SPONSORED ADS | 64110W102 | 1,300 | 12,586 | SH | SOLE | 10,000 | 0 | 2,586 | |||
| NUTRIEN LTD | COM | 67077M108 | 6,230 | 112,927 | SH | SOLE | 45,000 | 0 | 67,927 | |||
| NOVO-NORDISK A/S-SPONS ADR | ADR | 670100205 | 12,594 | 98,484 | SH | SOLE | 20,000 | 0 | 78,484 | |||
| NOVARTIS AG-SPONSORED ADR | SPONSORED ADR | 66987V109 | 9,559 | 99,366 | SH | SOLE | 40,000 | 0 | 59,366 | |||
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 | 19,226 | 1,172,278 | SH | SOLE | 959,009 | 0 | 213,269 | |||
| VANECK MERK GOLD TRUST | SPONSORED ADS | 921078101 | 8,613 | 397,164 | SH | SOLE | 0 | 0 | 397,164 | |||
| PAN AMERICAN SILVER CORP | COM | 697900108 | 21,857 | 1,400,631 | SH | SOLE | 988,455 | 0 | 412,176 | |||
| SPROTT PHYSICAL GOLD TRUST | BLOOMBERG INTL T | 85207H104 | 694 | 48,399 | SH | SOLE | 0 | 0 | 48,399 | |||
| PHILIP MORRIS INTERNATIONAL | COM | 718172109 | 13,717 | 150,718 | SH | SOLE | 61,645 | 0 | 89,073 | |||
| SPROTT PHYSICAL SILVER TRUST | BLOOMBERG INTL T | 85207K107 | 1,660 | 198,482 | SH | SOLE | 0 | 0 | 198,482 | |||
| ROYAL GOLD INC | COM | 780287108 | 14,414 | 118,283 | SH | SOLE | 93,700 | 0 | 24,583 | |||
| SEABRIDGE GOLD INC | BLOOMBERG INTL T | 811916105 | 635 | 41,119 | SH | SOLE | 35,619 | 0 | 5,500 | |||
| SAP SE-SPONSORED ADR | BLOOMBERG INTL T | 803054204 | 411 | 2,028 | SH | SOLE | 0 | 0 | 2,028 | |||
| SHELL PLC-ADR | COM | 780259305 | 13,160 | 186,415 | SH | SOLE | 35,000 | 0 | 151,415 | |||
| SILVERCREST METALS INC | BLOOMBERG INTL T | 828363101 | 3,995 | 599,901 | SH | SOLE | 538,644 | 0 | 61,257 | |||
| SK TELECOM CO LTD-SPON ADR | SPONSORED ADR | 78440P306 | 1,691 | 78,137 | SH | SOLE | 50,000 | 0 | 28,137 | |||
| AT&T INC | COM | 00206R102 | 192 | 10,931 | SH | SOLE | 0 | 0 | 10,931 | |||
| TRIPLE FLAG PRECIOUS MET | COM | 89679M104 | 6,063 | 419,635 | SH | SOLE | 419,359 | 0 | 276 | |||
| TAIWAN SEMICONDUCTOR-SP ADR | SPONSORED ADS | 874039100 | 450 | 3,127 | SH | SOLE | 0 | 0 | 3,127 | |||
| TOTALENERGIES SE -SPON ADR | SPONSORED ADS | 89151E109 | 12,805 | 177,233 | SH | SOLE | 40,000 | 0 | 137,233 | |||
| UNILEVER PLC-SPONSORED ADR | SPON ADR NEW | 904767704 | 12,943 | 263,880 | SH | SOLE | 85,000 | 0 | 178,880 | |||
| VALE SA-SP ADR | SPONSORED ADS | 91912E105 | 745 | 60,502 | SH | SOLE | 40,000 | 0 | 20,502 | |||
| TELEFONICA BRASIL-ADR | NEW ADR | 87936R205 | 128 | 12,360 | SH | SOLE | 0 | 0 | 12,360 | |||
| VODAFONE GROUP PLC-SP ADR | UNIT | 92857W308 | 522 | 57,875 | SH | SOLE | 0 | 0 | 57,875 | |||
| WIPRO LTD-ADR | COM | 97651M109 | 82 | 13,845 | SH | SOLE | 0 | 0 | 13,845 | |||
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | 15,697 | 331,533 | SH | SOLE | 257,200 | 0 | 74,333 | |||
| EXXON MOBIL CORP | COM | 30231G102 | 257 | 2,202 | SH | SOLE | 0 | 0 | 2,202 | |||
| MERCADOLIBRE INC | COM | 58733R102 | 459 | 302 | SH | SOLE | 250 | 0 | 52 | |||
| EMX ROYALTY CORP | COM | 26873J107 | 2,187 | 3,967,056 | SH | SOLE | 3,967,056 | 0 | 0 | |||
| VISTA GOLD CORP | COM NEW | 927926303 | 96 | 170,059 | SH | SOLE | 170,059 | 0 | 0 | |||
| SPROTT PHYSICAL GOLD AND SIL | TR UNIT | 85208R101 | 7,655 | 349,244 | SH | SOLE | 0 | 0 | 349,244 | |||
| ENDEAVOUR SILVER CORP | COM | 29258Y103 | 79 | 27,520 | SH | SOLE | 0 | 0 | 27,520 | |||
| ENBRIDGE INC | COM | 29250N105 | 258 | 7,330 | SH | SOLE | 0 | 0 | 7,330 | |||
| RIO TINTO PLC-SPON ADR | COM | 767204100 | 321 | 4,843 | SH | SOLE | 0 | 0 | 4,843 | |||