The Swiss National Bank has been quietly building a MASSIVE gold and silver mining share portfolio…
Submitted by Smaulgld:
The Swiss National Bank first reported its mining share and other U.S. equity holdings with the U.S. Securities and Exchange Commission on August 9, 2013, for the quarter ended June 30, 2013. The SNB has updated its U.S. equity holdings, including its mining portfolio, every quarter since then.
Earlier this week we reported the Swiss National Bank’s silver and gold mining share portfolio that included thirty-two mining share companies worth nearly $1 Billion as of early August 2016.
The Truth About The Swiss National Bank’s Gold and Silver Mining Share Holdings:
Set forth below is the Swiss National Bank’s top twenty five initial mining share holdings as of June 30, 2013 and their values as of July 1, 2013.
The Swiss National Bank’s Gold and Silver Mining Share Holdings as of June 30, 2013
Goldcorp, Newmont and Barricks were the largest initial Swiss National Bank’s largest mining share holdings.
As of June 30, 2013, the SNB held a total of thirty-six gold and silver mining companies. In addition to the twenty-five mining companies above, the SNB also owned the following:
Silver Corp Metals $441,696
Seabridge Gold $319,812
Endeavor $306,000
Timmins Gold $278,130
Primero Mining $275,625
Mcewan Mining $219,500
Paramount Gold $125,073
Fortuna Silver Mines $106,800
Asanko Gold $103,500
Sandstrom $75,000
Mag Silver $50,900
The total value of the SNB initially reported mining share holdings, including all thirty-six positions was $497,822,580.
Set forth below is the Swiss National Bank’s top twenty-five mining share holdings as of June 30, 2016 and their values as of July 1, 2013.
The Swiss National Bank’s Gold and Silver Mining Share Holdings as of June 30, 2016
Silver streaming companies Franco Nevada and Silver Wheaton have helped the SNB mining share portfolio nearly double in three years.
As of June 30, 2016, the SNB held a total of thirty-two gold and silver mining companies. In addition to the twenty-five mining companies above, the SNB also owned the following:
Sandstrom $1,194,274
Klondex $1,102,530
Nevsun Resources $1,089,326
Richmont Mines $1,060,171
Seabridge Gold $833,490
Primero Mining $495,425
The total value of the SNB;s reported mining share holdings as of June 30, 2016, including all thirty-two positions was $994,758,108.
June 30, 2013 to June 30, 2016 Portfolio Comparison
Over the past three years the SNB gold and silver mining portfolio has nearly doubled in value as a result of adding to positions and increases in the prices of gold and silver shares.
Value of the SNB Gold and Silver Mining Portfolio on July 1, 2013: $497,822,580
Value of the SNB Gold and Silver Mining Portfolio on August 5, 2016: $994,758,108 +$496,935,528 (+99.82%)
The initial SNB mining share portfolio contains some names are no longer in the portfolio because they either went bankrupt or were sold.
All of the top ten gold and silver mining shares in the Swiss National Bank’s initial portfolio were still there as of June 30, 2016, other than Barricks.
Of the initial top twenty-five gold and silver mining shares in the portfolio, all are still held by the SNB other than Barricks (sold) and Allied Nevada (bankruptcy).
SNB stocks with the greatest percentage gains since June 30, 2013: Stillwater Mining 250%, Nova Gold 239% and Mag Silver 209%
SNB stocks with the greatest percentage losses since June 30, 2013: Yamana Gold -39%, ElDorado Gold -34% and Alamos Gold -26%
SNB positions with the greatest share increases:Tahoe Resources +425%, Primero Mining +352%, Silver Wheaton +314%
SNB positions with the greatest dollar value increases since June 30, 2013 : Silver Wheaton +$114,594,414, Franco Nevada +$102,831,989 and Newmont Mining +$91,986,395
SNB owns 1% or more of the float or shares outstanding of Silver Wheaton, Agnico Mines, El Dorado, Yamana Gold and Kinross (chart update coming)