13F HOLDINGS REPORT
Merk Investments LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001420506-25-003403
Total Value
$324.9M
Positions
11
Other Managers
0
Confidential Omitted
No
Holdings (11)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AMERICAS GOLD AND SILVER | 03062D803 | 25,679,000 | $95.5M | 29.40% |
| 2 | ORLA MINING LTD | 68634K106 | 6,200,000 | $67.0M | 20.61% |
| 3 | EQUINOX GOLD CORP | EQX | 4,900,000 | $54.9M | 16.89% |
| 4 | ALAMOS GOLD INC | AGI | 750,000 | $26.1M | 8.05% |
| 5 | AGNICO EAGLE MINES LTD | AEM | 140,000 | $23.6M | 7.26% |
| 6 | METALLA ROYALTY | 59124U605 | 3,000,000 | $19.1M | 5.86% |
| 7 | INTEGRA RESOURCE | ITRG | 3,999,999 | $11.8M | 3.63% |
| 8 | GOLD FIELDS LTD-ADR | GFIOF | 250,000 | $10.5M | 3.23% |
| 9 | B2GOLD CORP | BTG | 2,000,000 | $9.9M | 3.05% |
| 10 | NEW FOUND GOLD CORP | NFGC | 2,350,000 | $5.6M | 1.72% |
| 11 | VANECK MERK GOLD ETF | OUNZ | 26,604 | $989,403 | 0.30% |