The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 18,966 415,230 SH   SOLE   320,578 0 94,652
AGORA INC ADS 00851L103 503 76,520 SH   SOLE   76,520 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 1,683 239,141 SH   SOLE   222,000 0 17,141
AMBEV SA SPONSORED ADR 02319V103 9,548 3,675,584 SH   SOLE   1,662,057 0 2,013,527
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 296 20,000 SH   SOLE   20,000 0 0
ARCO PLATFORM LTD COM CL A G04553106 974 65,230 SH   SOLE   0 0 65,230
B2GOLD CORP COM 11777Q209 10,267 3,029,869 SH   SOLE   2,837,269 0 192,600
BANCO BRADESCO S A SP ADR PFD NEW 059460303 3,693 1,133,140 SH   SOLE   1,087,325 0 45,815
BANK NOVA SCOTIA B C COM 064149107 10,603 179,995 SH   SOLE   79,062 0 100,933
BARRICK GOLD CORP COM 067901108 29,122 1,658,445 SH   SOLE   1,090,708 0 567,737
BCE INC COM NEW 05534B760 5,966 120,863 SH   SOLE   18,750 0 102,113
BP PLC SPONSORED ADR 055622104 13,190 469,974 SH   SOLE   235,841 0 234,133
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 23,409 560,073 SH   SOLE   291,107 0 268,966
CANADIAN NATL RY CO COM 136375102 396 2,738 SH   SOLE   2,738 0 0
CI&T INC COM CL A G21307106 943 93,480 SH   SOLE   0 0 93,480
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 3,984 316,893 SH   SOLE   267,336 0 49,557
DIAGEO PLC SPON ADR NEW 25243Q205 2,672 15,427 SH   SOLE   9,118 0 6,309
EMX RTY CORP COM 26873J107 3,201 1,784,783 SH   SOLE   1,657,089 0 127,694
ENDEAVOUR SILVER CORP COM 29258Y103 57 18,020 SH   SOLE   0 0 18,020
EQUINOR ASA SPONSORED ADR 29446M102 10,528 311,465 SH   SOLE   86,513 0 224,952
EQUINOX GOLD CORP COM 29446Y502 8,836 1,971,739 SH   SOLE   1,898,062 0 73,677
FIRST MAJESTIC SILVER CORP COM 32076V103 243 34,174 SH   SOLE   0 0 34,174
FIRST TR EXCH TRADED FD III EME MRK BD ETF 33739P202 1,080 40,416 SH   SOLE   40,416 0 0
FORTUNA SILVER MINES INC COM 349915108 9,809 3,464,326 SH   SOLE   3,219,537 0 244,789
FRANCO NEV CORP COM 351858105 13,775 104,606 SH   SOLE   98,348 0 6,258
FRESHWORKS INC CLASS A COM 358054104 1,060 80,600 SH   SOLE   80,600 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106 11,107 1,217,667 SH   SOLE   1,186,269 0 31,398
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 11,074 257,582 SH   SOLE   127,728 0 129,854
IAMGOLD CORP COM 450913108 2,434 1,512,800 SH   SOLE   1,500,000 0 12,800
ISHARES TR INTL TREA BD ETF 464288117 636 15,547 SH   SOLE   15,547 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 740 172,684 SH   SOLE   157,784 0 14,900
HANCOCK JOHN FINL OPPTYS FD SH BEN INT NEW 409735206 1,121 330,802 SH   SOLE   330,802 0 0
KELLOGG CO COM 487836108 896 250,209 SH   SOLE   250,209 0 0
KINROSS GOLD CORP COM 496902404 6,345 1,827,227 SH   SOLE   861,155 0 966,072
KT CORP SPONSORED ADR 48268K101 167 11,997 SH   SOLE   11,997 0 0
LOTTERY COM INC COM 54570M108 38 34,038 SH   SOLE   34,038 0 0
MAVERIX METALS INC COM NEW 57776F405 4,254 982,693 SH   SOLE   908,451 0 74,242
METALLA RTY & STREAMING LTD COM NEW 59124U605 10,881 2,269,153 SH   SOLE   2,185,061 0 84,092
NEWMONT CORP COM 651639106 18,677 311,882 SH   SOLE   127,005 0 184,877
NOMAD ROYALTY COMPANY LTD COM NEW 65532M606 1,754 240,147 SH   SOLE   213,072 0 27,075
NOVARTIS AG SPONSORED ADR 66987V109 10,473 123,872 SH   SOLE   65,604 0 58,268
NOVO-NORDISK A S ADR 670100205 12,577 114,281 SH   SOLE   39,537 0 74,744
NUTRIEN LTD COM 67077M108 10,824 139,063 SH   SOLE   62,949 0 76,114
OSISKO GOLD ROYALTIES LTD COM 68827L101 11,794 1,169,395 SH   SOLE   1,095,573 0 73,822
PAN AMERN SILVER CORP COM 697900108 11,448 583,549 SH   SOLE   532,652 0 50,897
PHILIP MORRIS INTL INC COM 718172109 15,897 165,074 SH   SOLE   72,783 0 92,291
ROYAL GOLD INC COM 780287108 11,512 107,689 SH   SOLE   101,141 0 6,548
SANDSTORM GOLD LTD COM NEW 80013R206 7,883 1,325,674 SH   SOLE   1,299,000 0 26,674
SASOL LTD SPONSORED ADR 803866300 342 57,486 SH   SOLE   57,486 0 0
SHELL PLC SPON ADS 780259305 13,320 266,394 SH   SOLE   81,468 0 184,926
SILVERCORP METALS INC COM 82835P103 78 31,500 SH   SOLE   31,500 0 0
SK TELECOM LTD SPONSORED ADR 78440P306 1,454 64,855 SH   SOLE   53,375 0 11,480
SPDR SER TR BLOOMBERG INTL T 78464A516 426 18,411 SH   SOLE   18,411 0 0
SPROTT PHYSICAL GOLD AND SILVE TR UNIT 85208R101 5,874 362,930 SH   SOLE   0 0 362,930
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 902 132,312 SH   SOLE   99,930 0 32,382
TOTALENERGIES SE SPONSORED ADS 89151E109 9,790 192,612 SH   SOLE   50,089 0 142,523
UNILEVER PLC SPON ADR NEW 904767704 14,793 321,481 SH   SOLE   145,024 0 176,457
VALE S A SPONSORED ADS 91912E105 615 42,071 SH   SOLE   42,071 0 0
VANECK MERK GOLD TR GOLD TRUST 921078101 2,271 129,561 SH   SOLE   129,561 0 0
VISTA GOLD CORP COM NEW 927926303 4,016 5,956,577 SH   SOLE   5,587,644 0 368,933
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 571 36,645 SH   SOLE   36,645 0 0
VTEX SHS CL A G9470A102 749 243,230 SH   SOLE   0 0 243,230
WHEATON PRECIOUS METALS CORP COM 962879102 7,005 194,939 SH   SOLE   169,947 0 24,992
YAMANA GOLD INC COM 98462Y100 12,531 2,642,856 SH   SOLE   1,341,693 0 1,301,163