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 | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD | COM | 008474108 | 12,818 | 212,044 | SH | SOLE | 178,540 | 0 | 33,504 | ||
| AGORA INC | ADS | 00851L103 | 1,847 | 44,020 | SH | SOLE | 44,020 | 0 | 0 | ||
| ALAMOS GOLD INC NEW | COM CL A | 011532108 | 1,832 | 239,431 | SH | SOLE | 220,000 | 0 | 19,431 | ||
| AMBEV SA | SPONSORED ADR | 02319V103 | 12,366 | 3,594,774 | SH | SOLE | 1,450,656 | 0 | 2,144,118 | ||
| B2GOLD CORP | COM | 11777Q209 | 9,936 | 2,359,978 | SH | SOLE | 2,008,728 | 0 | 351,250 | ||
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 | 5,185 | 1,010,672 | SH | SOLE | 979,000 | 0 | 31,672 | ||
| BANK NOVA SCOTIA B C | COM | 064149107 | 305 | 4,683 | SH | SOLE | 0 | 0 | 4,683 | ||
| BARRICK GOLD CORP | COM | 067901108 | 30,592 | 1,479,295 | SH | SOLE | 873,792 | 0 | 605,503 | ||
| BCE INC | COM NEW | 05534B760 | 5,521 | 111,933 | SH | SOLE | 0 | 0 | 111,933 | ||
| BP PLC | SPONSORED ADR | 055622104 | 13,761 | 520,865 | SH | SOLE | 268,000 | 0 | 252,865 | ||
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | 19,229 | 489,157 | SH | SOLE | 219,614 | 0 | 269,543 | ||
| COMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 204429104 | 5,814 | 288,681 | SH | SOLE | 264,381 | 0 | 24,300 | ||
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | 2,652 | 13,833 | SH | SOLE | 6,200 | 0 | 7,633 | ||
| EMX RTY CORP | COM | 26873J107 | 5,200 | 1,744,804 | SH | SOLE | 1,421,976 | 0 | 322,828 | ||
| EQUINOR ASA | SPONSORED ADR | 29446M102 | 8,933 | 421,374 | SH | SOLE | 100,000 | 0 | 321,374 | ||
| EQUINOX GOLD CORP | COM | 29446Y502 | 3,562 | 512,499 | SH | SOLE | 370,000 | 0 | 142,499 | ||
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 | 540 | 34,162 | SH | SOLE | 0 | 0 | 34,162 | ||
| FORTUNA SILVER MINES INC | COM | 349915108 | 17,430 | 3,140,464 | SH | SOLE | 2,829,537 | 0 | 310,927 | ||
| FRANCO NEV CORP | COM | 351858105 | 14,806 | 102,061 | SH | SOLE | 89,096 | 0 | 12,965 | ||
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 8,385 | 210,570 | SH | SOLE | 85,940 | 0 | 124,630 | ||
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 | 10,631 | 1,194,443 | SH | SOLE | 1,114,000 | 0 | 80,443 | ||
| GREAT PANTHER MNG LTD | COM | 39115V101 | 8 | 13,400 | SH | SOLE | 0 | 0 | 13,400 | ||
| IAMGOLD CORP | COM | 450913108 | 1,475 | 500,000 | SH | SOLE | 500,000 | 0 | 0 | ||
| KINROSS GOLD CORP | COM | 496902404 | 10,504 | 1,654,243 | SH | SOLE | 609,905 | 0 | 1,044,338 | ||
| MAVERIX METALS INC | COM NEW | 57776F405 | 4,713 | 874,413 | SH | SOLE | 725,000 | 0 | 149,413 | ||
| METALLA RTY & STREAMING LTD | COM NEW | 59124U605 | 3,860 | 450,982 | SH | SOLE | 258,437 | 0 | 192,545 | ||
| NEWMONT CORP | COM | 651639106 | 34,319 | 541,475 | SH | SOLE | 257,186 | 0 | 284,289 | ||
| NOVARTIS AG | SPONSORED ADR | 66987V109 | 7,851 | 86,046 | SH | SOLE | 28,976 | 0 | 57,070 | ||
| NOVO-NORDISK A S | ADR | 670100205 | 11,846 | 141,416 | SH | SOLE | 51,650 | 0 | 89,766 | ||
| NUTRIEN LTD | COM | 67077M108 | 13,944 | 230,064 | SH | SOLE | 97,400 | 0 | 132,664 | ||
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 | 9,881 | 721,254 | SH | SOLE | 591,889 | 0 | 129,365 | ||
| PAN AMERN SILVER CORP | COM | 697900108 | 14,083 | 492,921 | SH | SOLE | 431,500 | 0 | 61,421 | ||
| PHILIP MORRIS INTL INC | COM | 718172109 | 15,931 | 160,741 | SH | SOLE | 64,645 | 0 | 96,096 | ||
| PRETIUM RES INC | COM | 74139C102 | 7,271 | 760,519 | SH | SOLE | 694,769 | 0 | 65,750 | ||
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 11,281 | 279,232 | SH | SOLE | 70,000 | 0 | 209,232 | ||
| ROYAL GOLD INC | COM | 780287108 | 11,276 | 98,827 | SH | SOLE | 85,200 | 0 | 13,627 | ||
| SANDSTORM GOLD LTD | COM NEW | 80013R206 | 13,243 | 1,678,444 | SH | SOLE | 1,554,000 | 0 | 124,444 | ||
| SK TELECOM LTD | SPONSORED ADR | 78440P108 | 2,358 | 75,071 | SH | SOLE | 57,553 | 0 | 17,518 | ||
| SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 85208R101 | 7,789 | 416,975 | SH | SOLE | 0 | 0 | 416,975 | ||
| SPROTT PHYSICAL GOLD TR | UNIT | 85207H104 | 1,056 | 75,235 | SH | SOLE | 0 | 0 | 75,235 | ||
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 | 569 | 61,336 | SH | SOLE | 0 | 0 | 61,336 | ||
| UNILEVER PLC | SPON ADR NEW | 904767704 | 8,745 | 149,479 | SH | SOLE | 53,653 | 0 | 95,826 | ||
| VANECK VECTORS ETF TR | JR GOLD MINERS E | 92189F791 | 1,440 | 30,800 | SH | SOLE | 30,800 | 0 | 0 | ||
| VANECK MERK GOLD TR | GOLD TRUST | 921078101 | 791 | 45,947 | SH | SOLE | 0 | 0 | 45,947 | ||
| VISTA GOLD CORP | COM NEW | 927926303 | 6,264 | 5,092,984 | SH | SOLE | 4,326,124 | 0 | 766,860 | ||
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 | 325 | 18,969 | SH | SOLE | 0 | 0 | 18,969 | ||
| WHEATON PRECIOUS METALS CORP | COM | 962879102 | 5,448 | 123,627 | SH | SOLE | 79,000 | 0 | 44,627 | ||
| YAMANA GOLD INC | COM | 98462Y100 | 12,568 | 2,978,125 | SH | SOLE | 1,592,708 | 0 | 1,385,417 | ||