Merk Investments LLC — 13F holdings

Merk Investments LLC reported 11 holdings worth $314M in its 13F filing for Q2 2026, filed August 14, 2026.

Largest positions

1. USAS AMERICAS GOLD AND SILVER COR — $91.5M (29.2%)
2. ORLA MNG LTD NEW — $68.5M (21.9%)
3. EQX EQUINOX GOLD CORP — $47.7M (15.2%)
4. NFGC NEW FOUND GOLD CORP — $25.2M (8.0%)
5. MTA METALLA RTY & STREAMING LTD — $22.8M (7.3%)
6. VMET VERSAMET ROYALTIES CORP — $17.2M (5.5%)
7. AGI ALAMOS GOLD INC NEW — $13.7M (4.4%)
8. AEM AGNICO EAGLE MINES LTD — $12.4M (4.0%)
9. BTG B2GOLD CORP — $7.48M (2.4%)
10. ITRG INTEGRA RES CORP — $5.81M (1.9%)