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
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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
AGNICO EAGLE MINES LTD COM 008474108   28,166 569,392 SH   SOLE   61,907 0 507,485
ALAMOS GOLD INC NEW COM CL A 011532108   2,893 243,326 SH   SOLE   6,185 0 237,141
ALGONQUIN PWR UTILS CORP COM 015857105   2,986 360,637 SH   SOLE   2,007 0 358,630
AMBEV SA SPONSORED ADR 02319V103   11,026 3,571,397 SH   SOLE   293,305 0 3,278,092
AMTD DIGITAL INC SPONSORED ADS 00180N101   57 442,992 SH   SOLE   442,992 0 0
B2GOLD CORP COM 11777Q209   13,933 3,920,015 SH   SOLE   571,928 0 3,348,087
BANCO BRADESCO S A SP ADR PFD NEW 059460303   5,444 1,576,406 SH   SOLE   30,241 0 1,546,165
BANK NOVA SCOTIA B C COM 064149107   11,142 229,144 SH   SOLE   14,892 0 214,252
BARRICK GOLD CORP COM 067901108   30,275 1,813,765 SH   SOLE   158,218 0 1,655,547
BCE INC COM NEW 05534B760   3,666 81,208 SH   SOLE   3,228 0 77,980
BP PLC SPONSORED ADR 055622104   13,869 395,695 SH   SOLE   25,576 0 370,119
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   20,462 617,885 SH   SOLE   36,336 0 581,549
CANADIAN NATL RY CO COM 136375102   254 2,049 SH   SOLE   2,049 0 0
CI&T INC COM CL A G21307106   586 93,480 SH   SOLE   0 0 93,480
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104   5,115 314,742 SH   SOLE   6,527 0 308,215
DAKOTA GOLD CORP COM 46655E100   583 199,600 SH   SOLE   77,642 0 121,958
DIAGEO PLC SPON ADR NEW 25243Q205   1,390 8,076 SH   SOLE   2,214 0 5,862
EMX RTY CORP COM 26873J107   2,610 1,541,880 SH   SOLE   103,073 0 1,438,807
ENDEAVOUR SILVER CORP COM 29258Y103   76 27,520 SH   SOLE   0 0 27,520
EQUINOR ASA SPONSORED ADR 29446M102   8,336 291,683 SH   SOLE   20,094 0 271,589
EQUINOX GOLD CORP COM 29446Y502   9,890 2,164,348 SH   SOLE   134,705 0 2,029,643
FIRST MAJESTIC SILVER CORP COM 32076V103   265 48,224 SH   SOLE   14,033 0 34,191
FIRST TR EXCH TRADED FD III EME MRK BD ETF 33739P202   3,105 107,240 SH   SOLE   107,240 0 0
FORTUNA SILVER MINES INC COM 349915108   14,444 4,478,964 SH   SOLE   637,783 0 3,841,181
FRANCO NEV CORP COM 351858105   15,198 107,151 SH   SOLE   12,101 0 95,050
GOLD FIELDS LTD SPONSORED ADR 38059T106   8,920 644,847 SH   SOLE   9,157 0 635,690
GSK PLC SPONSORED ADR 37733W204   8,174 233,710 SH   SOLE   17,344 0 216,366
HALEON PLC SPON ADS 405552100   874 108,785 SH   SOLE   1,009 0 107,776
I-80 GOLD CORP COM 44955L106   10,603 4,736,535 SH   SOLE   305,915 0 4,430,620
IAMGOLD CORP COM 450913108   4,837 1,840,040 SH   SOLE   23,240 0 1,816,800
INFOSYS LTD SPONSORED ADR 456788108   542 33,627 SH   SOLE   3,627 0 30,000
ISHARES TR INTL TREA BD ETF 464288117   1,743 43,659 SH   SOLE   43,659 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   1,047 177,310 SH   SOLE   12,410 0 164,900
KINROSS GOLD CORP COM 496902404   7,543 1,618,983 SH   SOLE   144,636 0 1,474,347
KT CORP SPONSORED ADR 48268K101   164 13,710 SH   SOLE   13,710 0 0
MERCADOLIBRE INC COM 58733R102   592 500 SH   SOLE   0 0 500
METALLA RTY & STREAMING LTD COM NEW 59124U605   12,214 2,809,953 SH   SOLE   267,126 0 2,542,827
NETEASE INC SPONSORED ADS 64110W102   1,225 12,658 SH   SOLE   948 0 11,710
NEWMONT CORP COM 651639106   12,343 293,949 SH   SOLE   18,612 0 275,337
NOVARTIS AG SPONSORED ADR 66987V109   12,610 126,607 SH   SOLE   7,902 0 118,705
NOVO-NORDISK A S ADR 670100205   10,342 64,895 SH   SOLE   3,263 0 61,632
NUTRIEN LTD COM 67077M108   6,948 117,734 SH   SOLE   2,380 0 115,354
OSISKO GOLD ROYALTIES LTD COM 68827L101   18,664 1,224,574 SH   SOLE   170,530 0 1,054,044
PAN AMERN SILVER CORP COM 697900108   19,730 1,365,047 SH   SOLE   160,852 0 1,204,195
PHILIP MORRIS INTL INC COM 718172109   15,412 157,828 SH   SOLE   7,420 0 150,408
ROYAL GOLD INC COM 780287108   13,145 114,914 SH   SOLE   14,303 0 100,611
SAP SE SPON ADR 803054204   369 2,626 SH   SOLE   2,626 0 0
SHELL PLC SPON ADS 780259305   12,985 219,263 SH   SOLE   16,629 0 202,634
SILVERCREST METALS INC COM 828363101   2,362 403,000 SH   SOLE   0 0 403,000
SK TELECOM LTD SPONSORED ADR 78440P306   1,610 82,902 SH   SOLE   19,354 0 63,548
SPDR SER TR BLOOMBERG INTL T 78464A516   1,140 50,098 SH   SOLE   50,098 0 0
SPROTT PHYSICAL GOLD AND SILVE TR UNIT 85208R101   6,591 368,644 SH   SOLE   0 0 368,644
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107   1,621 211,273 SH   SOLE   178,878 0 32,395
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   261 2,458 SH   SOLE   2,458 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205   101 11,144 SH   SOLE   7,644 0 3,500
TOTALENERGIES SE SPONSORED ADS 89151E109   10,392 185,252 SH   SOLE   13,980 0 171,272
TRIPLE FLAG PRECIOUS METAL COM 89679M104   4,723 342,691 SH   SOLE   452 0 342,239
UNILEVER PLC SPON ADR NEW 904767704   15,888 307,269 SH   SOLE   20,117 0 287,152
VALE S A SPONSORED ADS 91912E105   590 43,808 SH   SOLE   3,808 0 40,000
VANECK ETF TRUST GOLD MINERS ETF 92189F106   238 8,201 SH   SOLE   0 0 8,201
VANECK MERK GOLD TR GOLD TRUST 921078101   6,817 365,324 SH   SOLE   365,324 0 0
VISTA GOLD CORP COM NEW 927926303   2,823 5,438,663 SH   SOLE   803,492 0 4,635,171
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   555 57,850 SH   SOLE   57,850 0 0
VTEX SHS CL A G9470A102   1,168 243,230 SH   SOLE   0 0 243,230
WHEATON PRECIOUS METALS CORP COM 962879102   14,100 328,000 SH   SOLE   48,006 0 279,994
WIPRO LTD SPON ADR 1 SH 97651M109   51 10,390 SH   SOLE   10,390 0 0