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 18,367 431,952 SH   SOLE   44,773 0 387,179
AGORA INC ADS 00851L103 278 76,520 SH   SOLE   0 0 76,520
ALAMOS GOLD INC NEW COM CL A 011532108 1,776 239,141 SH   SOLE   2,000 0 237,141
AMBEV SA SPONSORED ADR 02319V103 10,790 3,649,000 SH   SOLE   206,868 0 3,442,132
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 276 20,000 SH   SOLE   0 0 20,000
ARCO PLATFORM LTD COM CL A G04553106 704 65,230 SH   SOLE   0 0 65,230
B2GOLD CORP COM 11777Q209 10,839 3,368,331 SH   SOLE   340,502 0 3,027,829
BANCO BRADESCO S A SP ADR PFD NEW 059460303 4,178 1,130,131 SH   SOLE   7,416 0 1,122,715
BANK NOVA SCOTIA B C COM 064149107 8,519 177,304 SH   SOLE   7,491 0 169,813
BARRICK GOLD CORP COM 067901108 25,789 1,655,282 SH   SOLE   112,088 0 1,543,194
BCE INC COM NEW 05534B760 5,153 117,437 SH   SOLE   8,027 0 109,410
BP PLC SPONSORED ADR 055622104 13,667 467,043 SH   SOLE   18,825 0 448,218
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 20,237 561,264 SH   SOLE   25,996 0 535,268
CANADIAN NATL RY CO COM 136375102 282 2,456 SH   SOLE   2,456 0 0
CI&T INC COM CL A G21307106 878 93,480 SH   SOLE   0 0 93,480
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 3,470 321,536 SH   SOLE   2,184 0 319,352
DIAGEO PLC SPON ADR NEW 25243Q205 1,521 8,887 SH   SOLE   2,593 0 6,294
EMX RTY CORP COM 26873J107 3,157 1,752,289 SH   SOLE   131,619 0 1,620,670
ENDEAVOUR SILVER CORP COM 29258Y103 61 18,020 SH   SOLE   0 0 18,020
EQUINOR ASA SPONSORED ADR 29446M102 9,880 289,915 SH   SOLE   13,369 0 276,546
EQUINOX GOLD CORP COM 29446Y502 7,182 1,975,972 SH   SOLE   119,196 0 1,856,776
FIRST MAJESTIC SILVER CORP COM 32076V103 305 37,121 SH   SOLE   2,943 0 34,178
FIRST TR EXCH TRADED FD III EME MRK BD ETF 33739P202 1,325 51,206 SH   SOLE   51,206 0 0
FORTUNA SILVER MINES INC COM 349915108 10,159 4,037,517 SH   SOLE   489,848 0 3,547,669
FRANCO NEV CORP COM 351858105 12,607 105,416 SH   SOLE   9,762 0 95,654
FRESHWORKS INC CLASS A COM 358054104 1,045 80,600 SH   SOLE   0 0 80,600
GOLD FIELDS LTD SPONSORED ADR 38059T106 9,764 1,204,749 SH   SOLE   69,351 0 1,135,398
GSK PLC SPONSORED ADR 37733W204 6,610 222,010 SH   SOLE   7,837 0 214,173
I-80 GOLD CORP COM 44955L106 5,641 3,286,220 SH   SOLE   225,196 0 3,061,024
IAMGOLD CORP COM 450913108 1,624 1,516,800 SH   SOLE   0 0 1,516,800
ISHARES TR INTL TREA BD ETF 464288117 760 19,788 SH   SOLE   19,788 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 892 170,559 SH   SOLE   5,659 0 164,900
KINROSS GOLD CORP COM 496902404 6,659 1,735,365 SH   SOLE   112,771 0 1,622,594
KT CORP SPONSORED ADR 48268K101 156 11,770 SH   SOLE   11,770 0 0
LOTTERY COM INC COM 54570M108 8 34,038 SH   SOLE   34,038 0 0
MAVERIX METALS INC COM NEW 57776F405 3,297 983,667 SH   SOLE   150,401 0 833,266
METALLA RTY & STREAMING LTD COM NEW 59124U605 8,779 2,275,953 SH   SOLE   218,574 0 2,057,379
NEWMONT CORP COM 651639106 13,612 317,495 SH   SOLE   11,119 0 306,376
NOVARTIS AG SPONSORED ADR 66987V109 9,421 123,542 SH   SOLE   5,334 0 118,208
NOVO-NORDISK A S ADR 670100205 6,947 68,669 SH   SOLE   4,129 0 64,540
NUTRIEN LTD COM 67077M108 10,567 124,818 SH   SOLE   5,096 0 119,722
OSISKO GOLD ROYALTIES LTD COM 68827L101 12,040 1,182,779 SH   SOLE   144,413 0 1,038,366
PAN AMERN SILVER CORP COM 697900108 10,061 627,349 SH   SOLE   86,550 0 540,799
PHILIP MORRIS INTL INC COM 718172109 13,278 157,766 SH   SOLE   5,163 0 152,603
ROYAL GOLD INC COM 780287108 10,230 108,796 SH   SOLE   10,844 0 97,952
SANDSTORM GOLD LTD COM NEW 80013R206 7,320 1,414,987 SH   SOLE   102,085 0 1,312,902
SHELL PLC SPON ADS 780259305 13,002 252,783 SH   SOLE   11,656 0 241,127
SK TELECOM LTD SPONSORED ADR 78440P306 1,322 68,513 SH   SOLE   5,740 0 62,773
SPDR SER TR BLOOMBERG INTL T 78464A516 478 21,615 SH   SOLE   21,615 0 0
SPROTT PHYSICAL GOLD AND SILVE TR UNIT 85208R101 5,775 359,588 SH   SOLE   0 0 359,588
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 892 134,380 SH   SOLE   101,998 0 32,382
TOTALENERGIES SE SPONSORED ADS 89151E109 9,211 190,550 SH   SOLE   9,725 0 180,825
UNILEVER PLC SPON ADR NEW 904767704 14,023 319,812 SH   SOLE   15,139 0 304,673
VALE S A SPONSORED ADS 91912E105 555 41,631 SH   SOLE   1,631 0 40,000
VANECK MERK GOLD TR GOLD TRUST 921078101 2,530 152,460 SH   SOLE   152,460 0 0
VISTA GOLD CORP COM NEW 927926303 3,140 5,949,731 SH   SOLE   892,001 0 5,057,730
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 433 37,109 SH   SOLE   37,109 0 0
VTEX SHS CL A G9470A102 900 243,230 SH   SOLE   0 0 243,230
WHEATON PRECIOUS METALS CORP COM 962879102 6,898 212,396 SH   SOLE   40,396 0 172,000
YAMANA GOLD INC COM 98462Y100 11,473 2,482,221 SH   SOLE   123,492 0 2,358,729