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
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
ACTIVISION BLIZZARD INC COM 00507V109 3,001 37,083 SH   SOLE   37,083 0 0
AFLAC INC COM 001055102 19,154 527,006 SH   SOLE   527,006 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 14,693 50,000 SH   SOLE   50,000 0 0
ALLEGHANY CORP DEL COM 017175100 3,643 7,000 SH   SOLE   7,000 0 0
AMERICAN EXPRESS CO COM 025816109 175,096 1,746,861 SH   SOLE   1,746,861 0 0
AMERICAS GOLD AND SILVER COR COM 03062D100 3,819 1,449,493 SH   SOLE   1,449,493 0 0
ANGLOGOLD ASHANTI LIMITED SPONS ADR 035128206 77,632 2,943,423 SH   SOLE   2,943,423 0 0
APPLE INC COM 037833100 552 4,776 SH   SOLE   4,776 0 0
APTIV PLC SHS G6095L109 6,303 68,751 SH   SOLE   68,751 0 0
ARCOSA INC COM 039653100 309 7,000 SH   SOLE   7,000 0 0
BK OF AMERICA CORP COM 060505104 241 10,000 SH   SOLE   10,000 0 0
BARRICK GOLD CORP COM 067901108 6,550 233,151 SH   SOLE   233,151 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 82,976 389,718 SH   SOLE   389,718 0 0
BLACKBERRY LTD COM 09228F103 316 69,000 SH   SOLE   69,000 0 0
BLOCK H & R INC COM 093671105 745 45,691 SH   SOLE   45,691 0 0
BOOKING HOLDINGS INC COM 09857L108 949 555 SH   SOLE   555 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 15,198 252,174 SH   SOLE   252,174 0 0
BRISTOL-MYERS SQUIBB CO RIGHT 99/99/9999 110122157 9,710 4,306,125 SH   SOLE   4,306,125 0 0
CABOT OIL & GAS CORP COM 127097103 14,091 811,929 SH   SOLE   811,929 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 47,440 12,468,777 SH   SOLE   12,468,777 0 0
CENTENE CORP DEL COM 15135B101 128,862 2,209,380 SH   SOLE   2,209,380 0 0
SCHWAB CHARLES CORP COM 808513105 138,134 3,813,241 SH   SOLE   3,813,241 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 6,671 55,443 SH   SOLE   55,443 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 4,536 350,000 SH   SOLE   350,000 0 0
CIGNA CORP NEW COM 125523100 117,883 696,116 SH   SOLE   696,116 0 0
CONAGRA BRANDS INC COM 205887102 1,143 32,000 SH   SOLE   32,000 0 0
CORVUS GOLD INC COM 221013105 5,243 1,770,600 SH   SOLE   1,770,600 0 0
COTY INC COM CL A 222070203 943 350,000 SH   SOLE   350,000 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898 901 106,500 SH   SOLE   106,500 0 0
DIANA SHIPPING INC COM Y2066G104 311 220,000 SH   SOLE   220,000 0 0
DOW INC COM 260557103 976 20,761 SH   SOLE   20,761 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 16,322 1,377,998 SH   SOLE   1,377,998 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,530 27,594 SH   SOLE   27,594 0 0
EHEALTH INC COM 28238P109 83,838 1,060,786 SH   SOLE   1,060,786 0 0
EQUINOX GOLD CORP COM 29446Y502 24,122 2,067,222 SH   SOLE   2,067,222 0 0
EXXON MOBIL CORP COM 30231G102 6,310 183,867 SH   SOLE   183,867 0 0
GALIANO GOLD INC COM 36352H100 37,461 27,014,416 SH   SOLE   27,014,416 0 0
GENERAL ELECTRIC CO COM 369604103 296 47,500 SH   SOLE   47,500 0 0
GENERAL MTRS CO COM 37045V100 139,540 4,716,626 SH   SOLE   4,716,626 0 0
GOLD FIELDS LTD SPONS ADR 38059T106 97,367 7,925,686 SH   SOLE   7,925,686 0 0
GREAT PANTHER MNG LTD COM 39115V101 10,928 12,356,676 SH   SOLE   12,356,676 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 7,265 1,379,785 SH   SOLE   1,379,785 0 0
HUMANA INC COM 444859102 992 2,397 SH   SOLE   2,397 0 0
IAMGOLD CORP COM 450913108 95,560 24,919,734 SH   SOLE   24,919,734 0 0
IMV INC COM 44974L103 33,444 7,453,399 SH   SOLE   7,453,399 0 0
INTEGRA RES CORP COM NEW 45826T301 8,346 2,515,074 SH   SOLE   2,515,074 0 0
JEFFERIES FINL GROUP INC COM 47233W109 20,479 1,138,035 SH   SOLE   1,138,035 0 0
JPMORGAN CHASE & CO COM 46625H100 26,675 277,169 SH   SOLE   277,169 0 0
KINROSS GOLD CORP COM NO PAR 496902404 249,817 28,336,872 SH   SOLE   28,336,872 0 0
LIVENT CORP COM 53814L108 18,798 2,094,504 SH   SOLE   2,094,504 0 0
M & T BK CORP COM 55261F104 9,339 101,444 SH   SOLE   101,444 0 0
MARKEL CORP COM 570535104 976 1,000 SH   SOLE   1,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 390 3,400 SH   SOLE   3,400 0 0
MARTIN MARIETTA MATLS INC COM 573284106 1,177 5,000 SH   SOLE   5,000 0 0
MATTEL INC COM 577081102 117 10,000 SH   SOLE   10,000 0 0
MICROSOFT CORP COM 594918104 734 3,490 SH   SOLE   3,490 0 0
MOHAWK INDS INC COM 608190104 400 4,100 SH   SOLE   4,100 0 0
NATIONAL OILWELL VARCO INC COM 637071101 18,190 2,008,883 SH   SOLE   2,008,883 0 0
NEWMONT CORP COM 651639106 9,297 146,507 SH   SOLE   146,507 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 15,462 171,958 SH   SOLE   171,958 0 0
NOMAD FOODS LTD USD ORD SHS G6564A105 1,783 70,000 SH   SOLE   70,000 0 0
NUTRIEN LTD COM 67077M108 37,264 950,000 SH   SOLE   950,000 0 0
PHILIP MORRIS INTL INC COM 718172109 1,199 16,000 SH   SOLE   16,000 0 0
PLATINUM GROUP METALS LTD COM 72765Q882 279 138,421 SH   SOLE   138,421 0 0
SAFE BULKERS INC COM Y7388L103 369 352,785 SH   SOLE   352,785 0 0
SEACOR HOLDINGS INC COM 811904101 873 30,000 SH   SOLE   30,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 731 4,124 SH   SOLE   4,124 0 0
STEALTHGAS INC SHS Y81669106 591 200,000 SH   SOLE   200,000 0 0
SYNCHRONY FINANCIAL COM 87165B103 945 36,119 SH   SOLE   36,119 0 0
UBER TECHNOLOGIES INC COM 90353T100 14,700 403,070 SH   SOLE   403,070 0 0
US BANCORP DEL COM NEW 902973304 824 23,000 SH   SOLE   23,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 610 15,588 SH   SOLE   15,588 0 0
VIASAT INC COM 92552V100 516 15,000 SH   SOLE   15,000 0 0
VULCAN MATLS CO COM 929160109 569 4,200 SH   SOLE   4,200 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 539 15,000 SH   SOLE   15,000 0 0
DISNEY WALT CO COM DISNEY 254687106 135,308 1,090,093 SH   SOLE   1,090,093 0 0
WELLS FARGO CO NEW COM 949746101 987 42,000 SH   SOLE   42,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 131,978 2,689,335 SH   SOLE   2,689,335 0 0