Precious Metals and Mining Trust T.MMP.UN

Top 15 Holdings for MMP.UN as of September 30

[Tad]

Using the MMP.UN September 30, 2020 closing data for Net Asset Value and closing share prices for September 30, 2020, the approximate share positions are calculated below:
 
Portfolio information located at:

https://ci.com/en/funds/alternative_investments/PreciousMetalsandMiningTrust.html?currencySelector=1&seriesId=13628
 
Historical share prices for September 30 obtained from TMX:
 
https://www.tmxmoney.com/en/index.html
 
 
CI Investments posted NAV for MMP.UN on September 30, 2020 was $2.6612

$2.6612 X 17,143,612 units outstanding  = $45,622,580 approx. value of portfolio holdings
 

The cash position on September 30 was about 3% compared to 12.77% on August 31, 2020

$45,622,580 X 3.0 % = $1,368,677 cash position
 

 
 
 
Top holdings                         allocation(%)          value              Sept 30 close      # of shares  
Artemis Gold Inc                                13.30%            $6,067,903           $6.20                978,678
K92 Mining Inc                                     9.20%            $4,197,277           $6.94                604,795
SSR Mining                                          8.60%            $3,923,542         $24.85                157,890
Sandstorm Gold Ltd                             6.66%            $3,038,463         $11.24                270,325
Pretium Resources Inc                         6.39%           $2,915,282         $17.04                171,084
Endeavour Mining                                6.05%           $2,760,166          $33.15                  83,263
Kirkland Lake Gold Ltd                         5.85%           $2,668,921          $65.00                 41,060
Osisko Gold Royalties Ltd                    4.73%           $2,157,948          $15.75               137,012
Agnico Eagle Mines Ltd                        3.26%           $1,487,296        $106.09                 14,020
Roxgold                                                3.18%            $1,450,798           $1.71                848,420
Centerra Gold Inc                                 3.14%            $1,432,549         $15.49                  92,483
Gold Standard Ventures Corp              3.06%            $1,396,051           $1.05             1,329,573
Torex Gold resources                           2.97%            $1,354,990         $19.33                  70,100
Golden Star Resources                        2.40%            $1,094,941           $5.74                190,756
Victoria Gold                                         2.31%            $1,053,881         $14.99                  70,305

Total value of Top 15                                                $ 37,000,008____________________
 
$37,000,008 / $45,622,580 =  81.1 % as stated in the monthly portfolio update
 

Calculations for August 31, 2020 portfolio holdings were posted here:
 
https://stockhouse.com/companies/bullboard/t.mmp.un/precious-metals-and-mining-trust-unit?postid=31541973
 
 
 
Significant changes to portfolio.

As noted above, cash position dropped from 12.77% in August 31 down to 3% September 30

Alacer, merged with SSR Mining on September 16, 2020, dropped from Top 15
Bellevue Gold, one of the Australian Stock Exchange holdings, dropped from Top 15
Galway Metals dropped from Top 15

RoxGold now in the Top 15
Victoria Gold now in Top 15

KNT position decreased by approx 65,000 shares
PVG position decreased by approx. 27,000 shares
KL position increased by approx. 23,000 shares
OR position increased by approx. 47,750 shares
TXG position increased by approx. 18,000 shares
 
All other holdings approximately the same as August 31, 2020 closing.
 
Apologies in advance for any potential calculation errors.
 
GLTA !

[mouserman]

 Alacer merged with SSR so didnt really drop from the top 15 as SSRM is now the 3rd biggest holding... KL had a great Q report and was down over 3 % at one point today. Hard to figure. I think  KL is one of the most solid miners in the MMP.un portfolio. I prefer WPM to OR.... and if they want a gold miner with a big interest in ARTG they should have some Newgold... but jmho.  I own

[Tad]

Mouserman, Based on the last known Top 15 holdings, I would estimate that MMP.UN's Net Asset Value  rose about $0.14 today, This morning's NAV was posted as $2.4620  so we should see somewhere around $2.60 posted tomorrow morning. Let's see how close the tracking is, we should be getting an update for the monthly portfolio holdings in two weeks or there abouts. Alot will

[Tad]

Mouserman, Net Asset Value actually rose $0.1752 per unit yesterday. This morming the NAV for the fund is posted as $2.6372 per unit.  And we closed at $2.31 yesterday ?? The monthly distribution needs to be increased to at least $0.015 per unit, maybe even $0.02 .... or this fund will continue to trade substantially below its NAV. Makes no sense in a bull market for gold/silver prices

[mouserman]

For sure , i think they need to rethink the distribution and raise it even a half penny would help. MMP.un now a better buy than PME, as it trades at nearly a 15% DISCOUNT to nav. However the yield here certainly not very attractive at just over 5%... PME not much better. BUT it is the capital gains that will make these pop. I think the gold miners will have another really good day, and when gold