In Q1, we took profits in IAMGOLD, FORTUNA SILVER MINES, DEEP YELLOW LIMITED, YAMANA GOLD MINES, GOLD RESOURCE CORP., LUCARA DIAMONDS, STEPPE GOLD, IMPACT SILVER, PAN AMERICAN SILVER, COEUR MINES, PURE GOLD MINING, AGNICO EAGLE MINES, PARAMOUNT GOLD NEVADA, GOLDEN MINERALS, MCEWEN MINING, STANDARD URANIUM, SIERRA METALS, EXCELLON RESOURCES (3/11), SILJ, AND SIL.
***We exited a large stake in Alamos Gold on 4/18, which enabled us to reach final cash reserve target.***
We initiated a stake in Bear Creek Mining, now operator of the Mercedes Mine in Sonora, on 3/09/2022 and a stake in Treasury Metals on 3/10/2022.
Fahy Capital Management has raised cash at a furious pace in the face of uncertainty coupled with this being a Shemitah year. The fund is currently
62% (70%) cash. We have no intention of deploying that cash unless an extraordinary opportunity presents itself.