0000869178-12-000064.txt : 20120515 0000869178-12-000064.hdr.sgml : 20120515 20120515101420 ACCESSION NUMBER: 0000869178-12-000064 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VAN ECK ASSOCIATES CORP CENTRAL INDEX KEY: 0000869178 IRS NUMBER: 133210061 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-02783 FILM NUMBER: 12841600 BUSINESS ADDRESS: STREET 1: 335 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122932000 MAIL ADDRESS: STREET 1: 335 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 13F-HR 1 march2012.txt MARCH 2012 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: VAN ECK ASSOCIATES CORP. Address: 335 MADISON AVENUE- 19TH FLOOR NEW YORK, NY 10017 13F File Number: 28-02783 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: RUSSELL BRENNAN Title: ASSISTANT VICE PRESIDENT Phone: (212) 293-2125 Signature, Place, and Date of Signing: RUSSELL BRENNAN NEW YORK, NY May 15, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 028- VAN ECK ABSOLUTE RETURN ADVISERS FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 558 Form 13F Information Table Value Total: $20,805,151 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABBOTT LABS COM 002824100 13782 224861 SH SOLE 224861 0 0 ABITIBIBOWATER INC COM NEW 003687209 103 7222 SH SOLE 7222 0 0 ACORDA THERAPEUTICS INC COM 00484M106 979 36891 SH SOLE 36891 0 0 ADECOAGRO S A COM L00849106 22372 2069610 SH SOLE 2069610 0 0 ADVANCED MICRO DEVICES INC COM 007903107 4984 621452 SH SOLE 621452 0 0 AGCO CORP COM 001084102 79525 1684495 SH SOLE 1684495 0 0 AGNICO EAGLE MINES LTD COM 008474108 236795 7093911 SH SOLE 7019211 0 74700 AGRIUM INC COM 008916108 236250 2735326 SH SOLE 2735326 0 0 AK STL HLDG CORP COM 001547108 1619 214093 SH SOLE 214093 0 0 ALCOA INC COM 013817101 350 34936 SH SOLE 34936 0 0 ALEXCO RESOURCE CORP COM 01535P106 18455 2643994 SH SOLE 2643994 0 0 ALEXION PHARMACEUTICALS INC COM 015351109 5644 60780 SH SOLE 60780 0 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 6756 164088 SH SOLE 164088 0 0 ALLERGAN INC COM 018490102 11987 125614 SH SOLE 125614 0 0 ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 83 5608 SH SOLE 5608 0 0 ALLIED NEVADA GOLD CORP COM 019344100 137683 4232489 SH SOLE 4063989 0 168500 ALPHA NATURAL RESOURCES INC COM 02076X102 31452 2067857 SH SOLE 2057994 0 9863 ALTERA CORP COM 021441100 13597 341458 SH SOLE 341458 0 0 ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 61 5170 SH SOLE 5170 0 0 AMAZON COM INC COM 023135106 5768 28483 SH SOLE 28483 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 2822 95527 SH SOLE 95527 0 0 AMERISOURCEBERGEN CORP COM 03073E105 1538 38772 SH SOLE 38772 0 0 AMERISTAR CASINOS INC COM 03070Q101 370 19865 SH SOLE 19865 0 0 AMGEN INC COM 031162100 16801 247186 SH SOLE 247186 0 0 AMTECH SYS INC COM PAR $0.01N 032332504 152 18280 SH SOLE 18280 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 3914 156816 SH SOLE 156816 0 0 ANADARKO PETE CORP COM 032511107 295477 3771731 SH SOLE 3747181 0 24550 ANALOG DEVICES INC COM 032654105 12490 309152 SH SOLE 309152 0 0 ANDERSONS INC COM 034164103 15644 321293 SH SOLE 321293 0 0 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 543334 14716526 SH SOLE 14478526 0 238000 ANNALY CAP MGMT INC COM 035710409 5555 351135 SH SOLE 351135 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 992 150826 SH SOLE 150826 0 0 APACHE CORP COM 037411105 90612 902147 SH SOLE 896347 0 5800 APOLLO COML REAL EST FIN INC COM 03762U105 363 23180 SH SOLE 23180 0 0 APPLIED MATLS INC COM 038222105 14360 1153913 SH SOLE 1153913 0 0 AQUA AMERICA INC COM 03836W103 416 18655 SH SOLE 18655 0 0 ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 9524 497848 SH SOLE 497848 0 0 ARCH COAL INC COM 039380100 8166 762475 SH SOLE 762475 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 300846 9502397 SH SOLE 9502397 0 0 ARM HLDGS PLC SPONSORED ADR 042068106 13604 480889 SH SOLE 480889 0 0 ARMOUR RESIDENTIAL REIT INC COM 042315101 1078 159755 SH SOLE 159755 0 0 ASML HOLDING N V NY REG SHS N07059186 17043 339905 SH SOLE 339905 0 0 ASTRAZENECA PLC SPONSORED ADR 046353108 12611 283457 SH SOLE 283457 0 0 ATMEL CORP COM 049513104 4618 468073 SH SOLE 468073 0 0 AURICO GOLD INC COM 05155c105 105310 11872623 SH SOLE 11675886 0 196737 AURIZON MINES LTD COM 05155P106 47811 9878391 SH SOLE 9559491 0 318900 AVAGO TECHNOLOGIES LTD SHS Y0486S104 9180 235567 SH SOLE 235567 0 0 BAKER HUGHES INC COM 057224107 59700 1423455 SH SOLE 1423455 0 0 BALLY TECHNOLOGIES INC COM 05874B107 1212 25933 SH SOLE 25933 0 0 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1115 139515 SH SOLE 139515 0 0 BANCO BRADESCO S A SP ADR PFD NEW 059460303 924 52782 SH SOLE 52782 0 0 BANCO MACRO SA SPON ADR B 05961W105 70 3557 SH SOLE 3557 0 0 BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 188 20546 SH SOLE 20546 0 0 BANCO SANTANDER SA ADR 05964H105 1665 217087 SH SOLE 217087 0 0 BANCOLOMBIA S A SPON ADR PREF 05968L102 154 2380 SH SOLE 2380 0 0 BANK MONTREAL QUE COM 063671101 1083 18221 SH SOLE 18221 0 0 BANK NOVA SCOTIA HALIFAX COM 064149107 1637 29203 SH SOLE 29203 0 0 BANK OF AMERICA CORPORATION COM 060505104 2041 213297 SH SOLE 213297 0 0 BARCLAYS PLC ADR 06738E204 1013 66833 SH SOLE 66833 0 0 BARRICK GOLD CORP COM 067901108 1547094 35581739 SH SOLE 35411739 0 170000 BED BATH & BEYOND INC COM 075896100 2338 35545 SH SOLE 35545 0 0 BERRY PETE CO CL A 085789105 39228 832339 SH SOLE 826950 0 5389 BEST BUY INC COM 086516101 995 42037 SH SOLE 42037 0 0 BIOGEN IDEC INC COM 09062X103 9395 74561 SH SOLE 74561 0 0 BIOMARIN PHARMACEUTICAL INC COM 09061G101 3843 112201 SH SOLE 112201 0 0 BLACKROCK INVT QUALITY MUN T COM 09247D105 36 2351 SH SOLE 2351 0 0 BLACKROCK LONG-TERM MUNI ADV COM 09250B103 31 2475 SH SOLE 2475 0 0 BLACKROCK MUN 2020 TERM TR COM SHS 09249X109 63 3954 SH SOLE 3954 0 0 BLACKROCK MUN INCOME TR SH BEN INT 09248F109 100 6926 SH SOLE 6926 0 0 BLACKROCK MUNI 2018 TERM TR COM 09248C106 36 2174 SH SOLE 2174 0 0 BLACKROCK MUNI INCOME TR II COM 09249N101 56 3640 SH SOLE 3640 0 0 BLACKROCK MUNI INTER DR FD I COM 09253X102 116 7312 SH SOLE 7312 0 0 BLACKROCK MUNIASSETS FD INC COM 09254J102 101 7746 SH SOLE 7746 0 0 BLACKROCK MUNICIPAL BOND TR COM 09249H104 26 1625 SH SOLE 1625 0 0 BLACKROCK MUNICIPL INC QLTY COM 092479104 78 5234 SH SOLE 5234 0 0 BLACKROCK MUNIENHANCED FD IN COM 09253Y100 65 5705 SH SOLE 5705 0 0 BLACKROCK MUNIHLDGS FD II IN COM 09253P109 34 2157 SH SOLE 2157 0 0 BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 61 4360 SH SOLE 4360 0 0 BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 106 7240 SH SOLE 7240 0 0 BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 45 2553 SH SOLE 2553 0 0 BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 37 2603 SH SOLE 2603 0 0 BLACKROCK MUNIVEST FD II INC COM 09253T101 43 2666 SH SOLE 2666 0 0 BLACKROCK MUNIVEST FD INC COM 09253R105 104 9938 SH SOLE 9938 0 0 BLACKROCK MUNIYIELD FD INC COM 09253W104 105 6881 SH SOLE 6881 0 0 BLACKROCK MUNIYIELD INVST FD COM 09254R104 40 2584 SH SOLE 2584 0 0 BLACKROCK MUNIYIELD QLTY FD COM 09254E103 183 12903 SH SOLE 12903 0 0 BLACKROCK MUNIYIELD QUALITY COM 09254F100 91 5852 SH SOLE 5852 0 0 BLACKROCK MUNIYIELD QUALITY COM 09254G108 58 4276 SH SOLE 4276 0 0 BOYD GAMING CORP COM 103304101 258 32969 SH SOLE 32969 0 0 BPZ RESOURCES INC COM 055639108 73 18143 SH SOLE 18143 0 0 BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 255056 12746422 SH SOLE 12746422 0 0 BRIGUS GOLD CORP COM 109490102 7582 9847262 SH SOLE 9847262 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 11831 350542 SH SOLE 350542 0 0 BROADCOM CORP CL A 111320107 17340 441231 SH SOLE 441231 0 0 BUCKEYE TECHNOLOGIES INC COM 118255108 99 2925 SH SOLE 2925 0 0 BUNGE LIMITED COM G16962105 172811 2524999 SH SOLE 2524999 0 0 CABOT OIL & GAS CORP COM 127097103 452 14502 SH SOLE 14502 0 0 CALGON CARBON CORP COM 129603106 1205 77170 SH SOLE 77170 0 0 CALIFORNIA WTR SVC GROUP COM 130788102 102 5617 SH SOLE 5617 0 0 CAMECO CORP COM 13321L108 4771 221996 SH SOLE 221996 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 233082 4411933 SH SOLE 4389533 0 22400 CANADIAN NAT RES LTD COM 136385101 2224 67030 SH SOLE 67030 0 0 CANADIAN SOLAR INC COM 136635109 182 57349 SH SOLE 57349 0 0 CAPSTEAD MTG CORP COM NO PAR 14067E506 1267 96673 SH SOLE 96673 0 0 CARBO CERAMICS INC COM 140781105 9058 85901 SH SOLE 85901 0 0 CARDINAL HEALTH INC COM 14149Y108 2218 51458 SH SOLE 51458 0 0 CARPENTER TECHNOLOGY CORP COM 144285103 5290 101282 SH SOLE 101282 0 0 CASELLA WASTE SYS INC CL A 147448104 512 82148 SH SOLE 82148 0 0 CASTLE A M & CO COM 148411101 563 44526 SH SOLE 44526 0 0 CELGENE CORP COM 151020104 10624 137053 SH SOLE 137053 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 414 80948 SH SOLE 80948 0 0 CENTRAL VT PUB SVC CORP COM 155771108 4362 123931 SH SOLE 123931 0 0 CF INDS HLDGS INC COM 125269100 207266 1134772 SH SOLE 1134772 0 0 CHARLES RIV LABS INTL INC COM 159864107 1703 47192 SH SOLE 47192 0 0 CHESAPEAKE ENERGY CORP COM 165167107 1068 46087 SH SOLE 46087 0 0 CHEVRON CORP NEW COM 166764100 5265 49109 SH SOLE 49109 0 0 CHIMERA INVT CORP COM 16934Q109 1359 480330 SH SOLE 480330 0 0 CHIQUITA BRANDS INTL INC COM 170032809 6902 785266 SH SOLE 785266 0 0 CHURCHILL DOWNS INC COM 171484108 424 7580 SH SOLE 7580 0 0 CIMAREX ENERGY CO COM 171798101 202413 2682029 SH SOLE 2665029 0 17000 CITIGROUP INC COM NEW 172967424 1881 51463 SH SOLE 51463 0 0 CLEAN ENERGY FUELS CORP COM 184499101 1641 77095 SH SOLE 77095 0 0 CLEAN HARBORS INC COM 184496107 1184 17592 SH SOLE 17592 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 180967 2612862 SH SOLE 2596862 0 16000 CLOUD PEAK ENERGY INC COM 18911Q102 33041 2074151 SH SOLE 2063051 0 11100 CNH GLOBAL N V SHS NEW N20935206 163536 4119287 SH SOLE 4119287 0 0 COEUR D ALENE MINES CORP IDA COM NEW 192108504 78169 3292698 SH SOLE 3292698 0 0 COLONY FINL INC COM 19624R106 602 36726 SH SOLE 36726 0 0 COMMERCIAL METALS CO COM 201723103 3315 223689 SH SOLE 223689 0 0 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 586 7651 SH SOLE 7651 0 0 COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 7440 786522 SH SOLE 786522 0 0 COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 397081 9850674 SH SOLE 9850674 0 0 CONCHO RES INC COM 20605P101 125756 1231936 SH SOLE 1223936 0 8000 CONOCOPHILLIPS COM 20825C104 2416 31788 SH SOLE 31788 0 0 CONSOL ENERGY INC COM 20854P109 143889 4219627 SH SOLE 4195727 0 23900 CONTINENTAL RESOURCES INC COM 212015101 281 3272 SH SOLE 3272 0 0 COOPER INDUSTRIES PLC SHS G24140108 6256 97820 SH SOLE 97820 0 0 COPA HOLDINGS SA CL A P31076105 3976 50200 SH SOLE 50200 0 0 CORE LABORATORIES N V COM N22717107 26887 204357 SH SOLE 204357 0 0 CORN PRODS INTL INC COM 219023108 76321 1323876 SH SOLE 1323876 0 0 COSAN LTD SHS A G25343107 46919 3159544 SH SOLE 3159544 0 0 COSTCO WHSL CORP NEW COM 22160K105 3477 38294 SH SOLE 38294 0 0 COVANTA HLDG CORP COM 22282E102 3513 216468 SH SOLE 216468 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 894 31352 SH SOLE 31352 0 0 CREE INC COM 225447101 7451 235553 SH SOLE 235553 0 0 CRESUD S A C I F Y A SPONSORED ADR 226406106 10741 871817 SH SOLE 871817 0 0 CREXUS INVT CORP COM 226553105 902 87251 SH SOLE 87251 0 0 CTC MEDIA INC COM 12642X106 8194 704570 SH SOLE 704570 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 2682 62006 SH SOLE 62006 0 0 CUMMINS INC COM 231021106 92143 767600 SH SOLE 762700 0 4900 CVS CAREMARK CORPORATION COM 126650100 4508 100636 SH SOLE 100636 0 0 CYS INVTS INC COM 12673a108 1255 95889 SH SOLE 95889 0 0 DAQO NEW ENERGY CORP SPONSORED ADR 23703Q104 54 25481 SH SOLE 25481 0 0 DARLING INTL INC COM 237266101 36609 2101534 SH SOLE 2101534 0 0 DEERE & CO COM 244199105 418859 5177491 SH SOLE 5177491 0 0 DENBURY RES INC COM NEW 247916208 492 26974 SH SOLE 26974 0 0 DENDREON CORP COM 24823Q107 1582 148474 SH SOLE 148474 0 0 DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 55 2957 SH SOLE 2957 0 0 DEUTSCHE BANK AG NAMEN AKT D18190898 1225 24596 SH SOLE 24596 0 0 DEVON ENERGY CORP NEW COM 25179M103 109856 1544654 SH SOLE 1535054 0 9600 DIAMOND OFFSHORE DRILLING IN COM 25271C102 163224 2445304 SH SOLE 2431304 0 14000 DOMTAR CORP COM NEW 257559203 261 2732 SH SOLE 2732 0 0 DRDGOLD LIMITED SPON ADR REPSTG 26152H301 5380 721243 SH SOLE 721243 0 0 DRESSER-RAND GROUP INC COM 261608103 15196 327562 SH SOLE 327562 0 0 DREYFUS MUN INCOME INC COM 26201R102 33 3298 SH SOLE 3298 0 0 DREYFUS STRATEGIC MUN BD FD COM 26202F107 69 7911 SH SOLE 7911 0 0 DREYFUS STRATEGIC MUNS INC COM 261932107 70 7643 SH SOLE 7643 0 0 DRIL-QUIP INC COM 262037104 109373 1682144 SH SOLE 1671144 0 11000 DWS MUN INCOME TR COM 23338M106 87 6326 SH SOLE 6326 0 0 DYNEX CAP INC COM NEW 26817Q506 547 57314 SH SOLE 57314 0 0 EATON VANCE MUN BD FD COM 27827X101 196 15049 SH SOLE 15049 0 0 EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 33 2448 SH SOLE 2448 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 351 36850 SH SOLE 36850 0 0 ECOPETROL S A SPONSORED ADS 279158109 158 2580 SH SOLE 2580 0 0 EL PASO CORP COM 28336L109 567 19198 SH SOLE 19198 0 0 ELAN PLC ADR 284131208 5848 389630 SH SOLE 389630 0 0 ELDORADO GOLD CORP NEW COM 284902103 441731 32149295 SH SOLE 31383745 0 765550 EMPRESAS ICA S A DE CV SPONS ADR NEW 292448206 169 22216 SH SOLE 22216 0 0 ENBRIDGE INC COM 29250N105 755 19432 SH SOLE 19432 0 0 ENCANA CORP COM 292505104 359 18290 SH SOLE 18290 0 0 ENDEAVOUR SILVER CORP COM 29258Y103 45020 4748923 SH SOLE 4748923 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 3633 93797 SH SOLE 93797 0 0 ENERGYSOLUTIONS INC COM 292756202 5138 1048503 SH SOLE 1048503 0 0 ENERSYS COM 29275Y102 2142 61818 SH SOLE 61818 0 0 ENSCO PLC SPONSORED ADR 29358Q109 144130 2723037 SH SOLE 2708937 0 14100 EOG RES INC COM 26875P101 1942 17481 SH SOLE 17481 0 0 EQT CORP COM 26884L109 501 10399 SH SOLE 10399 0 0 EXCO RESOURCES INC COM 269279402 44 6657 SH SOLE 6657 0 0 EXELIXIS INC COM 30161Q104 742 143275 SH SOLE 143275 0 0 EXELON CORP COM 30161N101 7429 189472 SH SOLE 189472 0 0 EXETER RES CORP COM 301835104 12369 4514115 SH SOLE 4514115 0 0 EXXON MOBIL CORP COM 30231G102 10154 117079 SH SOLE 117079 0 0 FIRST CASH FINL SVCS INC COM 31942D107 2118 49393 SH SOLE 49393 0 0 FIRST MAJESTIC SILVER CORP COM 32076v103 63958 3857548 SH SOLE 3857548 0 0 FIRST SOLAR INC COM 336433107 3395 135522 SH SOLE 135522 0 0 FMC TECHNOLOGIES INC COM 30249U101 50111 993863 SH SOLE 993863 0 0 FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 2952 117500 SH SOLE 117500 0 0 FOREST LABS INC COM 345838106 7329 211271 SH SOLE 211271 0 0 FOREST OIL CORP COM PAR $0.01 346091705 60 4977 SH SOLE 4977 0 0 FOSTER L B CO COM 350060109 566 19842 SH SOLE 19842 0 0 FRANCO NEVADA CORP COM 351858105 20759 483000 SH SOLE 443000 0 40000 FREEPORT-MCMORAN COPPER & GO COM 35671D857 1182 31062 SH SOLE 31062 0 0 FREIGHTCAR AMER INC COM 357023100 1119 49752 SH SOLE 49752 0 0 FRESH DEL MONTE PRODUCE INC ORD G36738105 174 7637 SH SOLE 7637 0 0 FUEL TECH INC COM 359523107 520 95327 SH SOLE 95327 0 0 FX ENERGY INC COM 302695101 136 25000 SH SOLE 25000 0 0 GAFISA S A SPONS ADR 362607301 13757 2914586 SH SOLE 2914586 0 0 GAP INC DEL COM 364760108 1183 45245 SH SOLE 45245 0 0 GENERAL MOLY INC COM 370373102 3617 1079816 SH SOLE 1079816 0 0 GEN-PROBE INC NEW COM 36866T103 2929 44107 SH SOLE 44107 0 0 GERDAU S A SPONSORED ADR 373737105 7428 771292 SH SOLE 771292 0 0 GIBRALTAR INDS INC COM 374689107 895 59093 SH SOLE 59093 0 0 GILEAD SCIENCES INC COM 375558103 11441 234167 SH SOLE 234167 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 14517 323252 SH SOLE 323252 0 0 GLOBAL CASH ACCESS HLDGS INC COM 378967103 306 39176 SH SOLE 39176 0 0 GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 8883 1319973 SH SOLE 1319973 0 0 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 368887 26538649 SH SOLE 26538649 0 0 GOLD RESOURCE CORP COM 38068T105 230 9464 SH SOLE 9464 0 0 GOLDCORP INC NEW COM 380956409 1488382 33031121 SH SOLE 32579392 0 451729 GOLDEN MINERALS CO COM 381119106 10737 1273710 SH SOLE 1273710 0 0 GOLDEN STAR RES LTD CDA COM 38119T104 43823 23560782 SH SOLE 23560782 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 1629 13096 SH SOLE 13096 0 0 GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 138 3780 SH SOLE 3780 0 0 GRAN TIERRA ENERGY INC COM 38500T101 411 65328 SH SOLE 65328 0 0 GRAPHIC PACKAGING HLDG CO COM 388689101 50 8977 SH SOLE 8977 0 0 GREAT BASIN GOLD LTD COM 390124105 11867 17405995 SH SOLE 17405995 0 0 GREEN PLAINS RENEWABLE ENERG COM 393222104 9627 892200 SH SOLE 886800 0 5400 GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 162 2365 SH SOLE 2365 0 0 GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 23 3513 SH SOLE 3513 0 0 GRUPO SIMEC S A B DE C V ADR 400491106 3008 321015 SH SOLE 321015 0 0 GT ADVANCED TECHNOLOGIES INC COM 36191U106 3124 377771 SH SOLE 377771 0 0 GULFPORT ENERGY CORP COM NEW 402635304 4734 162563 SH SOLE 161563 0 1000 HALLIBURTON CO COM 406216101 352297 10614564 SH SOLE 10566064 0 48500 HANWHA SOLARONE CO LTD SPONSORED ADR 41135V103 154 90585 SH SOLE 90585 0 0 HARMONY GOLD MNG LTD SPONSORED ADR 413216300 188225 17220958 SH SOLE 16978358 0 242600 HATTERAS FINL CORP COM 41902R103 1401 50219 SH SOLE 50219 0 0 HEADWATERS INC COM 42210P102 1062 253976 SH SOLE 253976 0 0 HECLA MNG CO COM 422704106 48277 10449612 SH SOLE 10449612 0 0 HELMERICH & PAYNE INC COM 423452101 24749 458746 SH SOLE 458746 0 0 HESS CORP COM 42809H107 1303 22107 SH SOLE 22107 0 0 HOLLYFRONTIER CORP COM 436106108 174895 5439973 SH SOLE 5405573 0 34400 HOME DEPOT INC COM 437076102 5933 117927 SH SOLE 117927 0 0 HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 1403 55000 SH SOLE 55000 0 0 HOSPIRA INC COM 441060100 4950 132399 SH SOLE 132399 0 0 HSBC HLDGS PLC SPON ADR NEW 404280406 2932 66051 SH SOLE 66051 0 0 HUMAN GENOME SCIENCES INC COM 444903108 1615 196003 SH SOLE 196003 0 0 IAMGOLD CORP COM 450913108 366068 27544591 SH SOLE 26696503 0 848088 ICICI BK LTD ADR 45104G104 80 2296 SH SOLE 2296 0 0 ILLUMINA INC COM 452327109 4782 90899 SH SOLE 90899 0 0 IMPERIAL OIL LTD COM NEW 453038408 287 6317 SH SOLE 6317 0 0 INCYTE CORP COM 45337C102 2082 107868 SH SOLE 107868 0 0 ING GROEP N V SPONSORED ADR 456837103 780 93759 SH SOLE 93759 0 0 INTEL CORP COM 458140100 64833 2306004 SH SOLE 2306004 0 0 INTERMUNE INC COM 45884X103 935 63713 SH SOLE 63713 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 3019 179801 SH SOLE 179801 0 0 INTERNATIONAL RECTIFIER CORP COM 460254105 2150 93202 SH SOLE 93202 0 0 INTERNATIONAL TOWER HILL MIN COM 46050R102 18192 4240504 SH SOLE 4142504 0 98000 INTL PAPER CO COM 460146103 1141 32496 SH SOLE 32496 0 0 INTREPID POTASH INC COM 46121Y102 31369 1289294 SH SOLE 1289294 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 1301 73723 SH SOLE 73723 0 0 INVESCO MUNI INCM OPP TRST I COM 46133A100 27 3648 SH SOLE 3648 0 0 INVESCO MUNI INCOME OPP TRST COM 46132X101 30 4421 SH SOLE 4421 0 0 INVESCO MUNI PREM INC TRST COM 46133E102 29 3303 SH SOLE 3303 0 0 INVESCO QUALITY MUN INVT TR COM 46133H105 38 2751 SH SOLE 2751 0 0 INVESCO QUALITY MUN SECS COM 46133J101 44 2993 SH SOLE 2993 0 0 INVESCO QUALITY MUNI INC TRS COM 46133G107 64 4625 SH SOLE 4625 0 0 INVESCO VALUE MUN INCOME TR COM 46132P108 52 3353 SH SOLE 3353 0 0 INVESCO VALUE MUN TR COM 46132W103 42 2885 SH SOLE 2885 0 0 INVESCO VAN KAMPEN ADVANTAGE SH BEN INT 46132E103 90 6930 SH SOLE 6930 0 0 INVESCO VAN KAMPEN MUNI OPP COM 46132C107 67 4593 SH SOLE 4593 0 0 INVESCO VAN KAMPEN MUNI TRST COM 46131J103 88 6194 SH SOLE 6194 0 0 INVESCO VAN KAMPEN SELECT MU SH BEN INT 46132G108 31 2385 SH SOLE 2385 0 0 INVESCO VAN KAMPEN TR INVT G COM 46131M106 128 8450 SH SOLE 8450 0 0 ISTAR FINL INC COM 45031U101 595 82101 SH SOLE 82101 0 0 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1221 63623 SH SOLE 63623 0 0 ITRON INC COM 465741106 2542 55977 SH SOLE 55977 0 0 JA SOLAR HOLDINGS CO LTD SPON ADR 466090107 404 260675 SH SOLE 260675 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 35940 810000 SH SOLE 804700 0 5300 JAGUAR MNG INC COM 47009M103 26204 5611081 SH SOLE 5611081 0 0 JAMES RIVER COAL CO COM NEW 470355207 760 148363 SH SOLE 148363 0 0 JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 146 24000 SH SOLE 24000 0 0 JOHNSON & JOHNSON COM 478160104 23192 351613 SH SOLE 351613 0 0 JOY GLOBAL INC COM 481165108 20492 278805 SH SOLE 278805 0 0 JPMORGAN CHASE & CO COM 46625H100 3187 69320 SH SOLE 69320 0 0 KEY ENERGY SVCS INC COM 492914106 38191 2471900 SH SOLE 2455800 0 16100 KINDER MORGAN INC DEL COM 49456b101 95 2459 SH SOLE 2459 0 0 KINROSS GOLD CORP COM NO PAR 496902404 444143 45367051 SH SOLE 44625832 0 741219 KLA-TENCOR CORP COM 482480100 9611 176603 SH SOLE 176603 0 0 KODIAK OIL & GAS CORP COM 50015Q100 112 11290 SH SOLE 11290 0 0 KOHLS CORP COM 500255104 1676 33491 SH SOLE 33491 0 0 KROGER CO COM 501044101 1988 82067 SH SOLE 82067 0 0 LAM RESEARCH CORP COM 512807108 5609 125696 SH SOLE 125696 0 0 LAS VEGAS SANDS CORP COM 517834107 14022 243560 SH SOLE 243560 0 0 LAYNE CHRISTENSEN CO COM 521050104 1246 55985 SH SOLE 55985 0 0 LDK SOLAR CO LTD SPONSORED ADR 50183L107 491 122843 SH SOLE 122843 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 4891 100191 SH SOLE 100191 0 0 LILLY ELI & CO COM 532457108 11797 292991 SH SOLE 292991 0 0 LIMITED BRANDS INC COM 532716107 1772 36912 SH SOLE 36912 0 0 LINDSAY CORP COM 535555106 14585 220079 SH SOLE 220079 0 0 LINEAR TECHNOLOGY CORP COM 535678106 7438 220700 SH SOLE 220700 0 0 LOUISIANA PAC CORP COM 546347105 69212 7402400 SH SOLE 7355200 0 47200 LOWES COS INC COM 548661107 3658 116579 SH SOLE 116579 0 0 MACYS INC COM 55616P104 2534 63769 SH SOLE 63769 0 0 MAG SILVER CORP COM 55903Q104 90 8940 SH SOLE 8940 0 0 MARATHON OIL CORP COM 565849106 554 17486 SH SOLE 17486 0 0 MARKET VECTORS ETF TR CHINA A SHS ETF 57060U597 3400 100000 SH SOLE 100000 0 0 MARKET VECTORS ETF TR MTG REIT ETF 57060U324 303 12000 SH SOLE 12000 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 7972 506784 SH SOLE 506784 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 8747 305959 SH SOLE 305959 0 0 MCDERMOTT INTL INC COM 580037109 13052 1018892 SH SOLE 1018892 0 0 MCEWEN MNG INC COM 58039P107 5164 1163020 SH SOLE 1163020 0 0 MCKESSON CORP COM 58155Q103 3203 36490 SH SOLE 36490 0 0 MEADWESTVACO CORP COM 583334107 402 12710 SH SOLE 12710 0 0 MECHEL OAO SPONSORED ADR 583840103 20809 2317207 SH SOLE 2317207 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 1601 42604 SH SOLE 42604 0 0 MELCO CROWN ENTMT LTD ADR 585464100 2571 188508 SH SOLE 188508 0 0 MEMC ELECTR MATLS INC COM 552715104 2620 725894 SH SOLE 725894 0 0 MERCK & CO INC NEW COM 58933Y105 14972 389903 SH SOLE 389903 0 0 MESABI TR CTF BEN INT 590672101 28 900 SH SOLE 900 0 0 METALICO INC COM 591176102 521 122097 SH SOLE 122097 0 0 MFA FINANCIAL INC COM 55272X102 1465 196173 SH SOLE 196173 0 0 MFS HIGH INCOME MUN TR SH BEN INT 59318D104 38 7114 SH SOLE 7114 0 0 MFS MUN INCOME TR SH BEN INT 552738106 40 5509 SH SOLE 5509 0 0 MGM RESORTS INTERNATIONAL COM 552953101 2937 215670 SH SOLE 215670 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 7341 197326 SH SOLE 197326 0 0 MICRON TECHNOLOGY INC COM 595112103 8216 1014907 SH SOLE 1014907 0 0 MIDWAY GOLD CORP COM 598153104 6101 4266710 SH SOLE 4266710 0 0 MINEFINDERS CORP LTD COM 602900102 45687 3286820 SH SOLE 3286820 0 0 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 1536 308533 SH SOLE 308533 0 0 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 84869 4627522 SH SOLE 4627522 0 0 MOLYCORP INC DEL COM 608753109 18771 554875 SH SOLE 554875 0 0 MONSANTO CO NEW COM 61166W101 474990 5955245 SH SOLE 5955245 0 0 MORGAN STANLEY COM NEW 617446448 796 40536 SH SOLE 40536 0 0 MOSAIC CO NEW COM 61945C103 329794 5964811 SH SOLE 5957111 0 7700 MULTIMEDIA GAMES HLDG CO INC COM 625453105 179 16372 SH SOLE 16372 0 0 MURPHY OIL CORP COM 626717102 271 4816 SH SOLE 4816 0 0 MYLAN INC COM 628530107 7966 339691 SH SOLE 339691 0 0 MYRIAD GENETICS INC COM 62855J104 1945 82196 SH SOLE 82196 0 0 NABORS INDUSTRIES LTD SHS G6359F103 54660 3125190 SH SOLE 3113490 0 11700 NATIONAL FUEL GAS CO N J COM 636180101 170 3528 SH SOLE 3528 0 0 NATIONAL OILWELL VARCO INC COM 637071101 231833 2917234 SH SOLE 2907234 0 10000 NETFLIX INC COM 64110L106 939 8165 SH SOLE 8165 0 0 NEUBERGER BERMAN INTER MUNI COM 64124P101 49 3041 SH SOLE 3041 0 0 NEVSUN RES LTD COM 64156L101 26988 7333691 SH SOLE 7333691 0 0 NEW GOLD INC CDA COM 644535106 267503 27075190 SH SOLE 25855410 0 1219780 NEWCASTLE INVT CORP COM 65105M108 722 114978 SH SOLE 114978 0 0 NEWFIELD EXPL CO COM 651290108 63015 1817035 SH SOLE 1805285 0 11750 NEWMONT MINING CORP COM 651639106 1087501 21211246 SH SOLE 21038546 0 172700 NEWPARK RES INC COM PAR $.01NEW 651718504 1207 147324 SH SOLE 147324 0 0 NEXEN INC COM 65334H102 241 13125 SH SOLE 13125 0 0 NOAH HLDGS LTD SPONSORED ADS 65487X102 862 108000 SH SOLE 108000 0 0 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 125242 3342468 SH SOLE 3327868 0 14600 NOBLE ENERGY INC COM 655044105 1196 12229 SH SOLE 12229 0 0 NORTHERN OIL & GAS INC NEV COM 665531109 55 2667 SH SOLE 2667 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 677 125187 SH SOLE 125187 0 0 NOVAGOLD RES INC COM NEW 66987E206 7539 1050000 SH SOLE 868000 0 182000 NOVARTIS A G SPONSORED ADR 66987V109 16953 305964 SH SOLE 305964 0 0 NOVO-NORDISK A S ADR 670100205 11332 81693 SH SOLE 81693 0 0 NUCOR CORP COM 670346105 7854 182867 SH SOLE 182867 0 0 NUVEEN AMT-FREE MUN INCOME F COM 670657105 72 4944 SH SOLE 4944 0 0 NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 90 5934 SH SOLE 5934 0 0 NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 128 8756 SH SOLE 8756 0 0 NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 100 6659 SH SOLE 6659 0 0 NUVEEN INVT QUALITY MUN FD I COM 67062E103 110 7048 SH SOLE 7048 0 0 NUVEEN MUN ADVANTAGE FD INC COM 67062H106 127 8740 SH SOLE 8740 0 0 NUVEEN MUN HIGH INC OPPTY FD COM 670683101 43 3539 SH SOLE 3539 0 0 NUVEEN MUN HIGH INCOME OPP F COM 670682103 56 4319 SH SOLE 4319 0 0 NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 131 9307 SH SOLE 9307 0 0 NUVEEN MUN OPPORTUNITY FD IN COM 670984103 315 21569 SH SOLE 21569 0 0 NUVEEN MUN VALUE FD 2 COM 670695105 35 2097 SH SOLE 2097 0 0 NUVEEN MUN VALUE FD INC COM 670928100 395 39260 SH SOLE 39260 0 0 NUVEEN PERFORMANCE PLUS MUN COM 67062P108 206 13267 SH SOLE 13267 0 0 NUVEEN PREM INCOME MUN FD COM 67062T100 204 14065 SH SOLE 14065 0 0 NUVEEN PREM INCOME MUN FD 2 COM 67063W102 236 15712 SH SOLE 15712 0 0 NUVEEN PREM INCOME MUN FD 4 COM 6706K4105 118 8802 SH SOLE 8802 0 0 NUVEEN PREM INCOME MUN OPPTY COM 6706D8104 113 8373 SH SOLE 8373 0 0 NUVEEN PREMIER MUN INCOME FD COM 670988104 64 4363 SH SOLE 4363 0 0 NUVEEN PREMIER OPPURTUNITY F COM 670987106 48 3177 SH SOLE 3177 0 0 NUVEEN QUALITY INCOME MUN FD COM 670977107 178 11929 SH SOLE 11929 0 0 NUVEEN QUALITY MUN FD INC COM 67062N103 111 7806 SH SOLE 7806 0 0 NUVEEN SELECT QUALITY MUN FD COM 670973106 83 5431 SH SOLE 5431 0 0 NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 38 2628 SH SOLE 2628 0 0 NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 48 3548 SH SOLE 3548 0 0 NUVEEN SELECT TAX FREE INCM SH BEN INT 67063x100 38 2622 SH SOLE 2622 0 0 NVIDIA CORP COM 67066G104 9460 614453 SH SOLE 614453 0 0 OASIS PETE INC NEW COM 674215108 107 3478 SH SOLE 3478 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 216860 2277224 SH SOLE 2262624 0 14600 OCEANEERING INTL INC COM 675232102 25236 468290 SH SOLE 468290 0 0 OIL STS INTL INC COM 678026105 17372 222546 SH SOLE 222546 0 0 OLYMPIC STEEL INC COM 68162K106 506 21104 SH SOLE 21104 0 0 ON SEMICONDUCTOR CORP COM 682189105 4272 474115 SH SOLE 474115 0 0 ONEOK INC NEW COM 682680103 211 2581 SH SOLE 2581 0 0 ONYX PHARMACEUTICALS INC COM 683399109 2354 62485 SH SOLE 62485 0 0 ORIENTAL FINL GROUP INC COM 68618W100 104 8581 SH SOLE 8581 0 0 ORMAT TECHNOLOGIES INC COM 686688102 49 2441 SH SOLE 2441 0 0 P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 33568 1105656 SH SOLE 1105656 0 0 PACKAGING CORP AMER COM 695156109 212 7175 SH SOLE 7175 0 0 PAMPA ENERGIA S A SPONS ADR LVL I 697660207 51 5878 SH SOLE 5878 0 0 PAN AMERICAN SILVER CORP COM 697900108 114283 5180566 SH SOLE 4965066 0 215500 PARAMOUNT GOLD & SILVER CORP COM 69924P102 14134 6254039 SH SOLE 6254039 0 0 PATRIOT COAL CORP COM 70336T104 2413 386739 SH SOLE 386739 0 0 PATTERSON UTI ENERGY INC COM 703481101 47321 2736897 SH SOLE 2724197 0 12700 PEABODY ENERGY CORP COM 704549104 57257 1977122 SH SOLE 1968022 0 9100 PENN NATL GAMING INC COM 707569109 1684 39192 SH SOLE 39192 0 0 PENNEY J C INC COM 708160106 713 20111 SH SOLE 20111 0 0 PENNYMAC MTG INVT TR COM 70931T103 545 29202 SH SOLE 29202 0 0 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 525 330115 SH SOLE 330115 0 0 PERRIGO CO COM 714290103 7223 69920 SH SOLE 69920 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1056 39748 SH SOLE 39748 0 0 PFIZER INC COM 717081103 21866 965599 SH SOLE 965599 0 0 PILGRIMS PRIDE CORP NEW COM 72147K108 27549 3692954 SH SOLE 3692954 0 0 PIMCO MUN INCOME FD II COM 72200W106 100 8196 SH SOLE 8196 0 0 PIMCO MUN INCOME FD III COM 72201A103 41 3499 SH SOLE 3499 0 0 PIMCO MUNICIPAL INCOME FD COM 72200R107 40 2757 SH SOLE 2757 0 0 PINNACLE ENTMT INC COM 723456109 432 37561 SH SOLE 37561 0 0 PIONEER MUN HIGH INCOME ADV COM 723762100 37 2522 SH SOLE 2522 0 0 PIONEER MUN HIGH INCOME TR COM SHS 723763108 38 2611 SH SOLE 2611 0 0 PIONEER NAT RES CO COM 723787107 222519 1994074 SH SOLE 1981474 0 12600 PLAINS EXPL& PRODTN CO COM 726505100 371 8687 SH SOLE 8687 0 0 POLYPORE INTL INC COM 73179V103 1907 54251 SH SOLE 54251 0 0 POSCO SPONSORED ADR 693483109 9310 111232 SH SOLE 111232 0 0 POTASH CORP SASK INC COM 73755L107 584411 12790780 SH SOLE 12773680 0 17100 POWER INTEGRATIONS INC COM 739276103 1584 42684 SH SOLE 42684 0 0 POWER ONE INC NEW COM 73930R102 477 104800 SH SOLE 104800 0 0 PROGRESSIVE WASTE SOLUTIONS COM 74339G101 1187 54749 SH SOLE 54749 0 0 PUTNAM MANAGED MUN INCOM TR COM 746823103 89 11503 SH SOLE 11503 0 0 PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 119 9449 SH SOLE 9449 0 0 QEP RES INC COM 74733V100 377 12348 SH SOLE 12348 0 0 QIAGEN NV REG SHS N72482107 3483 223694 SH SOLE 223694 0 0 QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 1357 55500 SH SOLE 55500 0 0 RAIT FINANCIAL TRUST COM NEW 749227609 235 47272 SH SOLE 47272 0 0 RANDGOLD RES LTD ADR 752344309 484202 5503541 SH SOLE 5322941 0 180600 RANGE RES CORP COM 75281A109 640 11009 SH SOLE 11009 0 0 RARE ELEMENT RES LTD COM 75381M102 4223 672413 SH SOLE 672413 0 0 REDIFF COM INDIA LTD SPONSORED ADR 757479100 977 143450 SH SOLE 143450 0 0 REDWOOD TR INC COM 758075402 982 87654 SH SOLE 87654 0 0 REGENERON PHARMACEUTICALS COM 75886F107 5099 43721 SH SOLE 43721 0 0 RELIANCE STEEL & ALUMINUM CO COM 759509102 6885 121893 SH SOLE 121893 0 0 RENESOLA LTD SPONS ADS 75971T103 281 121598 SH SOLE 121598 0 0 RENTECH INC COM 760112102 1561 750621 SH SOLE 750621 0 0 REPUBLIC SVCS INC COM 760759100 2670 87355 SH SOLE 87355 0 0 RESOURCE CAP CORP COM 76120W302 486 90076 SH SOLE 90076 0 0 RICHMONT MINES INC COM 76547T106 13222 1699423 SH SOLE 1699423 0 0 RIO TINTO PLC SPONSORED ADR 767204100 187383 3370801 SH SOLE 3351401 0 19400 ROBBINS & MYERS INC COM 770196103 176 3382 SH SOLE 3382 0 0 ROCK-TENN CO CL A 772739207 355 5248 SH SOLE 5248 0 0 ROFIN SINAR TECHNOLOGIES INC COM 775043102 34 1296 SH SOLE 1296 0 0 ROSETTA RESOURCES INC COM 777779307 114 2334 SH SOLE 2334 0 0 ROWAN COS INC COM 779382100 17818 541097 SH SOLE 541097 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 1777 30613 SH SOLE 30613 0 0 ROYAL GOLD INC COM 780287108 200046 3067255 SH SOLE 2915955 0 151300 RTI INTL METALS INC COM 74973W107 9863 427701 SH SOLE 427701 0 0 RUBICON MINERALS CORP COM 780911103 698 214000 SH SOLE 0 0 214000 SAFEWAY INC COM NEW 786514208 814 40301 SH SOLE 40301 0 0 SALIX PHARMACEUTICALS INC COM 795435106 2407 45850 SH SOLE 45850 0 0 SANOFI SPONSORED ADR 80105N105 13174 339981 SH SOLE 339981 0 0 SATCON TECHNOLOGY CORP COM 803893106 63 175642 SH SOLE 175642 0 0 SCHLUMBERGER LTD COM 806857108 465300 6653792 SH SOLE 6630092 0 23700 SCHNITZER STL INDS CL A 806882106 2173 54473 SH SOLE 54473 0 0 SCHWAB CHARLES CORP NEW COM 808513105 442 30748 SH SOLE 30748 0 0 SCIENTIFIC GAMES CORP CL A 80874P109 411 35235 SH SOLE 35235 0 0 SEABOARD CORP COM 811543107 119 61 SH SOLE 61 0 0 SEABRIDGE GOLD INC COM 811916105 31921 1588899 SH SOLE 1588899 0 0 SEADRILL LIMITED SHS G7945E105 48689 1298037 SH SOLE 1298037 0 0 SEATTLE GENETICS INC COM 812578102 2313 113473 SH SOLE 113473 0 0 SHAW GROUP INC COM 820280105 1221 38512 SH SOLE 38512 0 0 SHIRE PLC SPONSORED ADR 82481R106 10483 110637 SH SOLE 110637 0 0 SHUFFLE MASTER INC COM 825549108 585 33212 SH SOLE 33212 0 0 SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 151 25000 SH SOLE 25000 0 0 SILVER STD RES INC COM 82823L106 44676 2970485 SH SOLE 2970485 0 0 SILVER WHEATON CORP COM 828336107 440603 13271172 SH SOLE 13013172 0 258000 SILVERCORP METALS INC COM 82835P103 29357 4260750 SH SOLE 3763750 0 497000 SKYWORKS SOLUTIONS INC COM 83088M102 5463 197576 SH SOLE 197576 0 0 SM ENERGY CO COM 78454L100 140639 1987267 SH SOLE 1974767 0 12500 SMITHFIELD FOODS INC COM 832248108 61454 2789542 SH SOLE 2789542 0 0 SOUTHERN COPPER CORP COM 84265V105 177 5571 SH SOLE 5571 0 0 SOUTHWESTERN ENERGY CO COM 845467109 738 24123 SH SOLE 24123 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 77954 480840 SH SOLE 477740 0 3100 SPECTRA ENERGY CORP COM 847560109 510 16175 SH SOLE 16175 0 0 STAPLES INC COM 855030102 1690 104377 SH SOLE 104377 0 0 STARWOOD PPTY TR INC COM 85571B105 1321 62861 SH SOLE 62861 0 0 STEEL DYNAMICS INC COM 858119100 49097 3376668 SH SOLE 3357668 0 19000 STERICYCLE INC COM 858912108 2617 31285 SH SOLE 31285 0 0 STERLITE INDS INDIA LTD ADS 859737207 26 3029 SH SOLE 3029 0 0 STR HLDGS INC COM 78478V100 382 78900 SH SOLE 78900 0 0 SUNCOR ENERGY INC NEW COM 867224107 1269 38796 SH SOLE 38796 0 0 SUNPOWER CORP COM 867652406 1251 196146 SH SOLE 196146 0 0 SUNTECH PWR HLDGS CO LTD ADR 86800C104 655 214013 SH SOLE 214013 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 18007 683124 SH SOLE 683124 0 0 SUPERIOR INDS INTL INC COM 868168105 94 4805 SH SOLE 4805 0 0 SYSCO CORP COM 871829107 2651 88794 SH SOLE 88794 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 41788 2734805 SH SOLE 2734805 0 0 TALISMAN ENERGY INC COM 87425E103 13930 1105577 SH SOLE 1105577 0 0 TAM SA SP ADR REP PFD 87484D103 23404 931304 SH SOLE 931304 0 0 TANZANIAN ROYALTY EXPL CORP COM 87600U104 44756 8724438 SH SOLE 8724438 0 0 TARGET CORP COM 87612E106 3462 59421 SH SOLE 59421 0 0 TECK RESOURCES LTD CL B 878742204 56833 1593745 SH SOLE 1583445 0 10300 TENARIS S A SPONSORED ADR 88031M109 38759 1013838 SH SOLE 1013838 0 0 TERADYNE INC COM 880770102 3302 195521 SH SOLE 195521 0 0 TERNIUM SA SPON ADR 880890108 6619 279534 SH SOLE 279534 0 0 TESLA MTRS INC COM 88160R101 2544 68313 SH SOLE 68313 0 0 TETRA TECH INC NEW COM 88162G103 1227 46532 SH SOLE 46532 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 11419 253408 SH SOLE 253408 0 0 TEXAS INSTRS INC COM 882508104 23340 694435 SH SOLE 694435 0 0 TIDEWATER INC COM 886423102 11981 221789 SH SOLE 221789 0 0 TIMKEN CO COM 887389104 6549 129075 SH SOLE 129075 0 0 TITANIUM METALS CORP COM NEW 888339207 12764 941303 SH SOLE 941303 0 0 TJX COS INC NEW COM 872540109 3237 81514 SH SOLE 81514 0 0 TORONTO DOMINION BK ONT COM NEW 891160509 1809 21293 SH SOLE 21293 0 0 TRACTOR SUPPLY CO COM 892356106 1214 13402 SH SOLE 13402 0 0 TRANSCANADA CORP COM 89353D107 752 17490 SH SOLE 17490 0 0 TRANSOCEAN LTD REG SHS H8817H100 57972 1059821 SH SOLE 1059821 0 0 TRINA SOLAR LIMITED SPON ADR 89628E104 2100 294483 SH SOLE 294483 0 0 TRIPLE-S MGMT CORP CL B 896749108 89 3851 SH SOLE 3851 0 0 TWO HBRS INVT CORP COM 90187B101 1422 140232 SH SOLE 140232 0 0 TYSON FOODS INC CL A 902494103 99192 5179750 SH SOLE 5179750 0 0 UBS AG SHS NEW H89231338 1376 98134 SH SOLE 98134 0 0 ULTRA PETROLEUM CORP COM 903914109 235 10402 SH SOLE 10402 0 0 UNITED STATES STL CORP NEW COM 912909108 79898 2720392 SH SOLE 2704992 0 15400 UNITED THERAPEUTICS CORP DEL COM 91307C102 2191 46483 SH SOLE 46483 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 566 13254 SH SOLE 13254 0 0 URANIUM ENERGY CORP COM 916896103 4253 1090471 SH SOLE 1090471 0 0 US BANCORP DEL COM NEW 902973304 1703 53756 SH SOLE 53756 0 0 US ECOLOGY INC COM 91732J102 5447 250561 SH SOLE 250561 0 0 USEC INC COM 90333E108 1866 1760158 SH SOLE 1760158 0 0 VALE S A ADR 91912E105 17753 760964 SH SOLE 760964 0 0 VALEANT PHARMACEUTICALS INTL COM 91911K102 11218 208949 SH SOLE 208949 0 0 VALERO ENERGY CORP NEW COM 91913Y100 355 13788 SH SOLE 13788 0 0 VEECO INSTRS INC DEL COM 922417100 1656 57914 SH SOLE 57914 0 0 VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 2609 158034 SH SOLE 158034 0 0 VERTEX PHARMACEUTICALS INC COM 92532F100 4618 112614 SH SOLE 112614 0 0 VIMPELCOM LTD SPONSORED ADR 92719A106 29983 2686663 SH SOLE 2686663 0 0 VISTA GOLD CORP COM NEW 927926303 20450 6512801 SH SOLE 6512801 0 0 WAL MART STORES INC COM 931142103 8422 137607 SH SOLE 137607 0 0 WALGREEN CO COM 931422109 3094 92378 SH SOLE 92378 0 0 WALTER ENERGY INC COM 93317Q105 10489 177147 SH SOLE 177147 0 0 WASTE CONNECTIONS INC COM 941053100 1220 37490 SH SOLE 37490 0 0 WASTE MGMT INC DEL COM 94106L109 2647 75706 SH SOLE 75706 0 0 WATSON PHARMACEUTICALS INC COM 942683103 6717 100157 SH SOLE 100157 0 0 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 116634 7729223 SH SOLE 7699223 0 30000 WELLS FARGO & CO NEW COM 949746101 3269 95758 SH SOLE 95758 0 0 WESTERN ASSET MUN DEF OPP TR COM 95768A109 54 2391 SH SOLE 2391 0 0 WESTERN ASSET MUN HI INCM FD COM 95766N103 29 3562 SH SOLE 3562 0 0 WESTERN ASST MNG MUN FD INC COM 95766M105 117 8537 SH SOLE 8537 0 0 WESTERN REFNG INC COM 959319104 100124 5320100 SH SOLE 5287100 0 33000 WEYERHAEUSER CO COM 962166104 874 39887 SH SOLE 39887 0 0 WHITING PETE CORP NEW COM 966387102 201256 3706372 SH SOLE 3682772 0 23600 WHOLE FOODS MKT INC COM 966837106 2282 27424 SH SOLE 27424 0 0 WILLIAMS COS INC DEL COM 969457100 1277 41463 SH SOLE 41463 0 0 WINTHROP RLTY TR SH BEN INT NEW 976391300 384 33110 SH SOLE 33110 0 0 WMS INDS INC COM 929297109 793 33430 SH SOLE 33430 0 0 WORTHINGTON INDS INC COM 981811102 2578 134397 SH SOLE 134397 0 0 WPX ENERGY INC COM 98212B103 162 8973 SH SOLE 8973 0 0 WYNN RESORTS LTD COM 983134107 5994 47998 SH SOLE 47998 0 0 XILINX INC COM 983919101 10117 277336 SH SOLE 277336 0 0 YAMANA GOLD INC COM 98462Y100 433191 27733097 SH SOLE 27258497 0 474600 YINGLI GREEN ENERGY HLDG CO ADR 98584B103 1434 396080 SH SOLE 396080 0 0 YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 227 8000 SH SOLE 8000 0 0