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
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 7,240 3,128,370 SH SOLE 1,450,656 0 1,677,714
AGNICO EAGLE MINES LTD COM 008474108 74,010 464,823 SH SOLE 309,940 0 154,883
FIRST MAJESTIC SILVER CORP COM 32076V103 320 35,355 SH SOLE 0 0 35,355
ALAMOS GOLD INC-CLASS A COM CL A 011532108 374 11,211 SH SOLE 0 0 11,211
ALGONQUIN POWER & UTILITIES COM 015857105 1,908 354,653 SH SOLE 350,000 0 4,653
ASML HOLDING NV-NY REG SHS N Y REGISTRY SHS N07059210 354 438 SH SOLE 0 0 438
GRUPO AEROPORTUARIO SUR-ADR SPON ADR SER B 40051E202 645 1,979 SH SOLE 0 0 1,979
BARRICK MINING CORP COM 06849F108 64,686 2,168,499 SH SOLE 1,400,392 0 768,107
BCE INC COM NEW 05534B760 3,066 134,378 SH SOLE 70,000 0 64,378
BHP GROUP LTD-SPON ADR SPONSERED ADS 088606108 2,852 58,329 SH SOLE 0 0 58,329
BANK OF NOVA SCOTIA COM 064149107 10,411 175,581 SH SOLE 62,000 0 113,581
BP PLC-SPONS ADR SPONSORED ADR 055622104 11,728 364,065 SH SOLE 160,000 0 204,065
BRITISH AMERICAN TOB-SP ADR SPONSORED ADR 110448107 33,503 660,483 SH SOLE 350,000 0 310,483
B2GOLD CORP COM 11777Q209 36,984 7,544,575 SH SOLE 6,226,229 0 1,318,346
SPROTT PHYSICAL GOLD AND SIL TR UNIT 85208R101 8,987 298,566 SH SOLE 0 0 298,566
DAKOTA GOLD CORP COM 46655E100 12,171 2,677,080 SH SOLE 2,224,658 0 452,422
DIAGEO PLC-SPONSORED ADR SPON ADR NEW 25243Q205 813 8,183 SH SOLE 0 0 8,183
ENDEAVOUR SILVER CORP COM 29258Y103 136 27,520 SH SOLE 0 0 27,520
ENBRIDGE INC COM 29250N105 461 10,165 SH SOLE 0 0 10,165
EQUINOR ASA-SPON ADR SPONSORED ADR 29446M102 7,943 319,792 SH SOLE 110,000 0 209,792
EQUINOX GOLD CORP COM 29446Y502 19,358 1,761,429 SH SOLE 1,582,452 0 178,977
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 239 13,210 SH SOLE 0 0 13,210
FRANCO-NEVADA CORP COM 351858105 48,829 234,129 SH SOLE 139,406 0 94,723
BLACKROCK FLTNG RT INC STRAT COM 09255X100 420 31,965 SH SOLE 0 0 31,965
FORTUNA MINING CORP COM NEW 349942102 39,242 4,425,644 SH SOLE 3,584,980 0 840,664
VANECK GOLD MINERS ETF GOLD MINERS ETF 92189F106 741 12,383 SH SOLE 0 0 12,383
GRAB HOLDINGS LTD - CL A CLASS A ORD G4124C109 2,277 379,745 SH SOLE 350,000 0 29,745
GSK PLC-SPON ADR SPONSORED ADR 37733W204 8,744 212,018 SH SOLE 110,760 0 101,258
HALEON PLC-ADR SPON ADS 405552100 942 90,805 SH SOLE 0 0 90,805
WISDOMTREE PRV CRD & ALT INC ALTRNTVE INCM FD 97717Y626 369 21,450 SH SOLE 0 0 21,450
IAMGOLD CORP COM 450913108 19,026 1,473,557 SH SOLE 1,430,000 0 43,557
INTL BUSINESS MACHINES CORP COM 459200101 262 891 SH SOLE 0 0 891
IVANHOE ELECTRIC INC / US COM 46578C108 5,596 452,051 SH SOLE 284,503 0 167,548
INDIA FUND INC COM 454089103 233 14,100 SH SOLE 0 0 14,100
INFOSYS LTD-SP ADR SPONSORED ADR 456788108 1,089 65,845 SH SOLE 55,000 0 10,845
JANUS HENDERSON AAA CLO ETF HENDRSON AAA CL 47103U845 658 12,960 SH SOLE 0 0 12,960
KINROSS GOLD CORP COM 496902404 16,706 776,378 SH SOLE 420,000 0 356,378
METALLA ROYALTY & STREAMING COM NEW 59124U605 35,679 5,693,585 SH SOLE 4,499,531 0 1,194,054
NEWMONT CORP COM 651639106 32,122 435,678 SH SOLE 232,749 0 202,929
NUTRIEN LTD COM 67077M108 6,091 104,172 SH SOLE 45,000 0 59,172
NU HOLDINGS LTD/CAYMAN ISL-A ORD SHS CL A G6683N103 3,525 232,910 SH SOLE 135,000 0 97,910
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 17,460 278,816 SH SOLE 120,000 0 158,816
NOVARTIS AG-SPONSORED ADR SPONSORED ADR 66987V109 11,433 91,767 SH SOLE 40,000 0 51,767
OMEGA HEALTHCARE INVESTORS COM 681936100 213 5,800 SH SOLE 0 0 5,800
OR ROYALTIES INC COM SHS 68390D106 40,442 1,020,500 SH SOLE 860,385 0 160,115
ORLA MINING LTD COM 68634K106 3,557 334,370 SH SOLE 105,000 0 229,370
PAN AMERICAN SILVER CORP COM 697900108 49,317 1,330,620 SH SOLE 942,455 0 388,165
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1,227 47,772 SH SOLE 0 0 47,772
PHILIP MORRIS INTERNATIONAL COM 718172109 8,221 47,382 SH SOLE 16,500 0 30,882
SPDR ICE PREFERRED SECURITIE ICE PFD SEC ETF 78464A292 604 19,030 SH SOLE 0 0 19,030
SPROTT PHYSICAL SILVER TRUST TR UNIT 85207K107 4,356 287,659 SH SOLE 0 0 287,659
ROYAL GOLD INC COM 780287108 32,021 160,751 SH SOLE 121,007 0 39,744
RIO TINTO PLC-SPON ADR SPONSORED ADR 767204100 2,800 47,733 SH SOLE 0 0 47,733
SHELL PLC-ADR SPON ADS 780259305 11,645 164,560 SH SOLE 35,000 0 129,560
SK TELECOM CO LTD-SPON ADR SPONSORED ADR 78440P306 2,656 122,155 SH SOLE 100,000 0 22,155
TRIPLE FLAG PRECIOUS MET COM 89679M104 15,322 528,376 SH SOLE 438,693 0 89,683
TELKOM INDONESIA PERSERO-ADR SPONSORED ADR 715684106 6,642 378,696 SH SOLE 100,000 0 278,696
TAIWAN SEMICONDUCTOR-SP ADR SPONSORED ADS 874039100 654 2,642 SH SOLE 0 0 2,642
TOTALENERGIES SE -SPON ADR SPONSORED ADS 89151E109 10,965 180,651 SH SOLE 60,000 0 120,651
UNILEVER PLC-SPONSORED ADR SPON ADR NEW 904767704 9,864 164,157 SH SOLE 85,000 0 79,157
GLOBAL X URANIUM ETF GLOBAL X URANIUM 37954Y871 245 6,310 SH SOLE 0 0 6,310
ISHARES BROAD USD HIGH YIELD BROAD USD HIGH 46435U853 608 16,210 SH SOLE 0 0 16,210
VALE SA-SP ADR SPONSORED ADS 91912E105 765 72,379 SH SOLE 40,000 0 32,379
VANGUARD EMERG MKTS GOV BND EM MK GOV BD ETF 921946885 673 10,300 SH SOLE 0 0 10,300
WHEATON PRECIOUS METALS CORP COM 962879102 31,586 285,701 SH SOLE 220,200 0 65,501
WESTERN COPPER AND GOLD CORP COM 95805V108 786 391,308 SH SOLE 0 0 391,308
WIPRO LTD-ADR SPON ADR 1 SH 97651M109 73 26,294 SH SOLE 0 0 26,294
SAP SE-SPONSORED ADR SPON ADR 803054204 221 823 SH SOLE 0 0 823
CEMEX SAB-SPONS ADR PART CER SPON ADR NEW 151290889 102 11,000 SH SOLE 0 0 11,000
ITAU UNIBANCO H-SPON PRF ADR SPON ADR REP PFD 465562106 1,319 179,293 SH SOLE 165,000 0 14,293
UNITED MICROELECTRON-SP ADR SPON ADR NEW 910873405 80 10,016 SH SOLE 0 0 10,016
BANCO BRADESCO-ADR SP ADR PFD NEW 059460303 1,979 584,313 SH SOLE 550,000 0 34,313
VODAFONE GROUP PLC-SP ADR SPONSORED ADR 92857W308 157 13,415 SH SOLE 0 0 13,415
SPDR GOLD SHARES GOLD SHS 78463V107 247 715 SH SOLE 0 0 715
EMX ROYALTY CORP COM 26873J107 1,797 345,841 SH SOLE 293,171 0 52,670
ISHARES INTERNATIONAL TREASU INTL TREA BD ETF 464288117 1,934 44,604 SH SOLE 0 0 44,604
GOLD FIELDS LTD-SPONS ADR SPONSORED ADR 38059T106 581 13,651 SH SOLE 0 0 13,651
SPDR PORTFOLIO S&P 500 ETF PORTFOLIO S&P500 78464A854 259 3,304 SH SOLE 0 0 3,304
ISHARES GOLD TRUST ISHARES NEW 464285204 659 9,061 SH SOLE 0 0 9,061
SPDR BLOOMBERG INT TREASURY BLOOMBERG INTL T 78464A516 1,214 51,798 SH SOLE 0 0 51,798
ISHARES MSCI ACWI EX US ETF MSCI ACWI EX US 464288240 759 11,682 SH SOLE 0 0 11,682
VANECK MERK GOLD ETF GOLD TRUST 921078101 14,730 394,537 SH SOLE 0 0 394,537
ISHARES MSCI USA QUALITY FAC MSCI USA QLT FCT 46432F339 762 3,920 SH SOLE 0 0 3,920
WISDOMTREE FLOATING RATE TRE FLOATING RAT TREA 97717Y527 484 9,635 SH SOLE 0 0 9,635
FIRST TRUST EMERGING MARKETS EME MRK BD ETF 33739P202 3,197 107,041 SH SOLE 0 0 107,041
I-80 GOLD CORP COM 44955L106 4,945 5,227,022 SH SOLE 5,209,729 0 17,293
ANGLOGOLD ASHANTI PLC COM SHS G0378L100 7,690 108,212 SH SOLE 95,868 0 12,344
AMTD DIGITAL INC-ADR SPONSORED ADS 00180N101 9 71,002 SH SOLE 71,002 0 0
MERCADOLIBRE INC COM 58733R102 683 290 SH SOLE 250 0 40