The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 | 3,436 | 114,000 | SH | SOLE | 114,000 | 0 | 0 | ||
| CENTERRA GOLD INC | COM | 152006102 | 39,944 | 5,261,776 | SH | SOLE | 5,261,776 | 0 | 0 | ||
| COEUR MNG INC | COM NEW | 192108504 | 1,033 | 116,280 | SH | SOLE | 116,280 | 0 | 0 | ||
| ENETI INC | COM | Y2294C107 | 16,924 | 908,415 | SH | SOLE | 908,415 | 0 | 0 | ||
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 | 33,522 | 2,120,332 | SH | SOLE | 2,120,332 | 0 | 0 | ||
| FORTUNA SILVER MINES INC | COM | 349915108 | 18,905 | 3,406,228 | SH | SOLE | 3,406,228 | 0 | 0 | ||
| GOLDEN STAR RES LTD CDA | COM | 38119T807 | 29,468 | 10,412,942 | SH | SOLE | 10,412,942 | 0 | 0 | ||
| HARMONY GOLD MINING CO LTD | SPONSORED ADR | 413216300 | 22,426 | 6,012,401 | SH | SOLE | 6,012,401 | 0 | 0 | ||
| HECLA MNG CO | COM | 422704106 | 9,448 | 1,269,918 | SH | SOLE | 1,269,918 | 0 | 0 | ||
| HUDBAY MINERALS INC | COM | 443628102 | 17,902 | 2,688,006 | SH | SOLE | 2,688,006 | 0 | 0 | ||
| HYCROFT MINING HOLDING CORP | *W EXP 10/06/202 | 44862P133 | 233 | 277,777 | SH | SOLE | 277,777 | 0 | 0 | ||
| KINROSS GOLD CORP | COM | 496902404 | 30,867 | 4,861,000 | SH | SOLE | 4,861,000 | 0 | 0 | ||
| MCEWEN MNG INC | COM | 58039P107 | 18,943 | 13,726,989 | SH | SOLE | 13,726,989 | 0 | 0 | ||
| OASIS PETROLEUM INC | COM NEW | 674215207 | 33,446 | 332,635 | SH | SOLE | 332,635 | 0 | 0 | ||
| PRETIUM RES INC | COM | 74139C102 | 10,142 | 1,060,874 | SH | SOLE | 1,060,874 | 0 | 0 | ||
| RAYONIER ADVANCED MATLS INC | COM | 75508B104 | 17,394 | 2,600,000 | SH | SOLE | 2,600,000 | 0 | 0 | ||
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 | 82,390 | 4,924,691 | SH | SOLE | 4,924,691 | 0 | 0 | ||
| SSR MNG INC | COM | 784730103 | 23,530 | 1,507,087 | SH | SOLE | 1,507,087 | 0 | 0 | ||
| TIDEWATER INC NEW | COM | 88642R109 | 12,168 | 1,009,782 | SH | SOLE | 1,009,782 | 0 | 0 | ||
| VALE S A | SPONSORED ADS | 91912E105 | 20,187 | 885,000 | SH | SOLE | 885,000 | 0 | 0 | ||
| VANECK VECTORS ETF TR | GOLD MINERS ETF | 92189F106 | 8,247 | 242,711 | SH | SOLE | 242,711 | 0 | 0 | ||
| WHITING PETE CORP NEW | COM NEW | 966387508 | 16,365 | 300,000 | SH | SOLE | 300,000 | 0 | 0 | ||