13F-HR 1 d879340_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended: March 31, 2008 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Sun Valley Gold LLC Address: 620 Sun Valley Road P.O. Box 2759 Sun Valley, Idaho 83353 13F File Number: 028-10808 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter F. Palmedo Title: Managing Member, Sun Valley Gold LLC Phone: 208-726-2327 Signature, Place and Date of Signing: /s/ Peter F. Palmedo Sun Valley, Idaho May 9,2008 -------------------------- -------------------- ---------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 32 Form 13F Information Table Value Total: $497,623 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE
TITLE OF VALUE SHRS OR SH/ PUT/ INVSMT OTHR VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE AGNICO EAGLE MINES LTD COM 008474108 63,647 940,000 PUT SOLE NONE 940,000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 27,168 800,000 CALL SOLE NONE 800,000 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 96,786 2,850,000 PUT SOLE NONE 2,850,000 APEX SILVER MINES LTD ORD G04074103 15,150 1,250,000 CALL SOLE NONE 1,250,000 APEX SILVER MINES LTD ORD G04074103 9,349 771,353 SH SOLE NONE 771,353 AURIZON MINES LTD COM 05155P106 12,402 2,630,200 SH SOLE NONE 2,630,200 BARRICK GOLD CORP COM 067901108 3,624 83,400 SH SOLE NONE 83,400 BARRICK GOLD CORP COM 067901108 19,553 450,000 PUT SOLE NONE 450,000 COEUR D ALENE MINES CORP IDA COM 192108108 2,020 500,000 SH SOLE NONE 500,000 ELDORADO GOLD CORP NEW COM 284902103 1,435 208,000 SH SOLE NONE 208,000 GAMMON GOLD INC COM 36467T106 12,249 1,631,000 SH SOLE NONE 1,631,000 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 79,523 5,750,000 CALL SOLE NONE 5,750,000 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 14,254 1,030,638 SH SOLE NONE 1,030,638 GOLDCORP INC NEW COM 380956409 802 20,700 SH SOLE NONE 20,700 GOLDCORP INC NEW COM 380956409 17,438 450,000 PUT SOLE NONE 450,000 GOLDEN STAR RES LTD CDA COM 38119T104 9,128 2,669,100 SH SOLE NONE 2,669,100 IAMGOLD CORP COM 450913108 9,649 1,301,586 SH SOLE NONE 1,301,586 IMA EXPLORATION INC COM 449664101 644 1,652,000 SH SOLE NONE 1,652,000 JAGUAR MNG INC COM 47009M103 5,603 527,700 SH SOLE NONE 527,700 KIMBER RES INC COM 49435N101 4,027 2,536,200 SH SOLE NONE 2,536,200 KINROSS GOLD CORP COM NO PAR 496902404 995 45,000 SH SOLE NONE 45,000 KINROSS GOLD CORP COM NO PAR 496902404 12,603 570,000 PUT SOLE NONE 570000 METALLICA RES INC COM 59125J104 5,897 1,000,600 SH SOLE NONE 1,000,600 MIDWAY GOLD CORP COM 598153104 2,126 739,700 SH SOLE NONE 739,700 MINEFINDERS LTD COM 602900102 6,132 503,588 SH SOLE NONE 503,588 NEW GOLD INC CDA COM 644535106 14,090 2,012,900 SH SOLE NONE 2,012,900 NEWMONT MINING CORP COM 651639106 4,530 100,000 SH SOLE NONE 100,000 NOVAGOLD RES INC COM NEW 66987E206 897 116,400 SH SOLE NONE 116,400 PAN AMERICAN SILVER CORP COM 697900108 2,517 65,600 SH SOLE NONE 65,600 STILLWATER MNG CO COM 86074Q102 13,548 875,741 SH SOLE NONE 875,741 STREETTRACKS GOLD TR GOLD SHS 863307104 25,044 277,000 SH SOLE NONE 277,000 YAMANA GOLD INC COM 98462Y100 4,794 327,900 PUT SOLE NONE 327,900
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