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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
Expires: July 31, 2015
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
AMBEV SA-ADR SPONSORED ADR 02319V103 4,168 3,156,817 SH SOLE 1,450,656 0 1,706,161
AGNICO EAGLE MINES LTD COM 008474108 44,830 473,109 SH SOLE 309,940 0 163,169
FIRST MAJESTIC SILVER CORP COM 32076V103 116 41,247 SH SOLE 0 0 41,247
ALAMOS GOLD INC-CLASS A COM CL A 011532108 239 11,089 SH SOLE 0 0 11,089
ALGONQUIN POWER & UTILITIES COM 015857105 2,002 354,648 SH SOLE 350,000 0 4,648
BARRICK MINING CORP COM 06849F108 34,052 2,171,791 SH SOLE 1,400,392 0 771,399
BCE INC COM NEW 05534B760 1,605 123,651 SH SOLE 70,000 0 53,651
BHP GROUP LTD-SPON ADR SPONSERED ADS 088606108 171 55,552 SH SOLE 0 0 55,552
BANK OF NOVA SCOTIA COM 064149107 4,171 177,224 SH SOLE 62,000 0 115,224
BP PLC-SPONS ADR SPONSORED ADR 055622104 5,481 365,237 SH SOLE 160,000 0 205,237
BRITISH AMERICAN TOB-SP ADR SPONSORED ADR 110448107 18,513 664,408 SH SOLE 350,000 0 314,408
B2GOLD CORP COM 11777Q209 24,107 6,953,735 SH SOLE 5,690,229 0 1,263,506
SPROTT PHYSICAL GOLD AND SIL TR UNIT 85208R101 0 312,796 SH SOLE 0 0 312,796
DAKOTA GOLD CORP COM 46655E100 8,409 2,318,912 SH SOLE 1,924,658 0 394,254
ENDEAVOUR SILVER CORP COM 29258Y103 0 27,520 SH SOLE 0 0 27,520
ENBRIDGE INC COM 29250N105 0 10,165 SH SOLE 0 0 10,165
EQUINOR ASA-SPON ADR SPONSORED ADR 29446M102 1,826 268,922 SH SOLE 55,000 0 213,922
EQUINOX GOLD CORP COM 29446Y502 7,679 1,372,906 SH SOLE 1,232,452 0 140,454
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 0 13,210 SH SOLE 0 0 13,210
FRANCO-NEVADA CORP COM 351858105 27,888 228,628 SH SOLE 135,366 0 93,262
BLACKROCK FLTNG RT INC STRAT COM 09255X100 0 28,200 SH SOLE 0 0 28,200
FORTUNA MINING CORP COM NEW 349942102 27,700 4,417,962 SH SOLE 3,584,980 0 832,982
VANECK GOLD MINERS ETF GOLD MINERS ETF 92189F106 207 12,403 SH SOLE 0 0 12,403
GSK PLC-SPON ADR SPONSORED ADR 37733W204 4,845 213,261 SH SOLE 110,760 0 102,501
HALEON PLC-ADR SPON ADS 405552100 4 92,169 SH SOLE 0 0 92,169
WISDOMTREE PRIVATE CREDIT AN ALTRNTVE INCM FD 97717Y626 0 21,450 SH SOLE 0 0 21,450
IAMGOLD CORP COM 450913108 9,107 1,245,480 SH SOLE 1,200,000 0 45,480
I-80 GOLD CORP COM 44955L106 4,171 7,157,725 SH SOLE 6,409,729 0 747,996
IVANHOE ELECTRIC INC / US COM 46578C108 4,097 481,681 SH SOLE 319,503 0 162,178
INDIA FUND INC COM 454089103 0 14,100 SH SOLE 0 0 14,100
INFOSYS LTD-SP ADR SPONSORED ADR 456788108 1,095 65,545 SH SOLE 55,000 0 10,545
JANUS HENDERSON AAA CLO ETF HENDRSON AAA CL 47103U845 0 10,985 SH SOLE 0 0 10,985
KINROSS GOLD CORP COM 496902404 7,970 932,379 SH SOLE 430,000 0 502,379
METALLA ROYALTY & STREAMING COM NEW 59124U605 20,783 5,657,905 SH SOLE 4,499,531 0 1,158,374
NEWMONT CORP COM 651639106 15,661 459,651 SH SOLE 232,749 0 226,902
NUTRIEN LTD COM 67077M108 2,804 105,383 SH SOLE 45,000 0 60,383
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 3,208 115,430 SH SOLE 40,000 0 75,430
NOVARTIS AG-SPONSORED ADR SPONSORED ADR 66987V109 5,477 93,058 SH SOLE 40,000 0 53,058
OR ROYALTIES INC COM SHS 68390D106 26,304 1,079,090 SH SOLE 863,385 0 215,705
PAN AMERICAN SILVER CORP COM 697900108 31,586 1,331,383 SH SOLE 942,455 0 388,928
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 505 49,064 SH SOLE 0 0 49,064
PHILIP MORRIS INTERNATIONAL COM 718172109 3,735 48,293 SH SOLE 16,500 0 31,793
SPDR ICE PREFERRED SECURITIE ICE PFD SEC ETF 78464A292 0 15,965 SH SOLE 0 0 15,965
SPROTT PHYSICAL SILVER TRUST TR UNIT 85207K107 3,329 311,622 SH SOLE 0 0 311,622
ROYAL GOLD INC COM 780287108 19,312 116,135 SH SOLE 89,800 0 26,335
RIO TINTO PLC-SPON ADR SPONSORED ADR 767204100 73 46,225 SH SOLE 0 0 46,225
SHELL PLC-ADR SPON ADS 780259305 3,447 166,870 SH SOLE 35,000 0 131,870
SK TELECOM CO LTD-SPON ADR SPONSORED ADR 78440P306 2,663 121,537 SH SOLE 100,000 0 21,537
TELKOM INDONESIA PERSERO-ADR SPONSORED ADR 715684106 1,871 367,958 SH SOLE 100,000 0 267,958
TOTALENERGIES SE -SPON ADR SPONSORED ADS 89151E109 3,283 163,513 SH SOLE 40,000 0 123,513
UNILEVER PLC-SPONSORED ADR SPON ADR NEW 904767704 5,803 164,863 SH SOLE 85,000 0 79,863
ISHARES BROAD USD HIGH YIELD BROAD USD HIGH 46435U853 0 14,875 SH SOLE 0 0 14,875
VALE SA-SP ADR SPONSORED ADS 91912E105 485 65,185 SH SOLE 40,000 0 25,185
WHEATON PRECIOUS METALS CORP COM 962879102 24,420 293,660 SH SOLE 220,200 0 73,460
WESTERN COPPER AND GOLD CORP COM 95805V108 324 292,637 SH SOLE 0 0 292,637
TAIWAN SEMICONDUCTOR-SP ADR SPONSORED ADS 874039100 263 2,845 SH SOLE 0 0 2,845
WIPRO LTD-ADR SPON ADR 1 SH 97651M109 77 24,025 SH SOLE 0 0 24,025
SAP SE-SPONSORED ADR SPON ADR 803054204 259 848 SH SOLE 0 0 848
CEMEX SAB-SPONS ADR PART CER SPON ADR NEW 151290889 74 10,372 SH SOLE 0 0 10,372
ITAU UNIBANCO H-SPON PRF ADR SPON ADR REP PFD 465562106 1,216 178,721 SH SOLE 165,000 0 13,721
BANCO BRADESCO-ADR SP ADR PFD NEW 059460303 1,805 582,848 SH SOLE 550,000 0 32,848
DIAGEO PLC-SPONSORED ADR SPON ADR NEW 25243Q205 228 8,286 SH SOLE 0 0 8,286
VODAFONE GROUP PLC-SP ADR SPONSORED ADR 92857W308 150 13,891 SH SOLE 0 0 13,891
EMX ROYALTY CORP COM 26873J107 953 378,366 SH SOLE 373,171 0 5,195
EXXON MOBIL CORP COM 30231G102 209 2,080 SH SOLE 0 0 2,080
ISHARES INTERNATIONAL TREASU INTL TREA BD ETF 464288117 2,038 46,543 SH SOLE 0 0 46,543
KT CORP-SP ADR SPONSORED ADR 48268K101 201 9,339 SH SOLE 0 0 9,339
GOLD FIELDS LTD-SPONS ADR SPONSORED ADR 38059T106 353 14,651 SH SOLE 0 0 14,651
SPDR PORTFOLIO S&P 500 ETF PORTFOLIO S&P500 78464A854 367 5,051 SH SOLE 0 0 5,051
ISHARES GOLD TRUST ISHARES NEW 464285204 565 9,061 SH SOLE 0 0 9,061
SPDR BLOOMBERG INT TREASURY BLOOMBERG INTL T 78464A516 1,290 54,023 SH SOLE 0 0 54,023
ISHARES MSCI ACWI EX US ETF MSCI ACWI EX US 464288240 648 10,633 SH SOLE 0 0 10,633
VANECK MERK GOLD ETF GOLD TRUST 921078101 14,577 455,611 SH SOLE 0 0 455,611
ISHARES MSCI USA QUALITY FAC MSCI USA QLT FCT 46432F339 652 3,569 SH SOLE 0 0 3,569
WISDOMTREE FLOATING RATE TRE FLOATING RAT TREA 97717Y527 338 6,720 SH SOLE 0 0 6,720
FIRST TRUST EMERGING MARKETS EME MRK BD ETF 33739P202 3,272 111,487 SH SOLE 0 0 111,487
ANGLOGOLD ASHANTI PLC COM SHS G0378L100 1,625 34,820 SH SOLE 26,734 0 8,086
AMTD DIGITAL INC-ADR SPONSORED ADS 00180N101 27 208,891 SH SOLE 208,891 0 0
MERCADOLIBRE INC COM 58733R102 760 289 SH SOLE 250 0 39