Van Eck Associates
just now disclosed 5 moves made into several companies from the mining industry. In its filings with the SEC, Van Eck reported cutting significant amounts of shares from Seabridge Gold, Inc. (USA) (NYSE:SA
), Golden Star Resources Ltd. (USA) (NYSEMKT:GSS
), Tanzanian Royalty Exploration Corp. (US) (NYSEMKT:TRX), and Vista Gold Corp. (NYSEMKT:VGZ
). At the same time, Van Eck increased its exposure in McEwen Mining Inc (NYSE:MUX
According to a filing, Van Eck Associates now own 39.13 million shares of McEwen Mining, which have a value of $84.14 million. The position represents 14.88% of the company.
In a second filing
, Van Eck Associates Corporation reported almost halving its stake in Seabridge Gold, Inc. (USA) (NYSE:SA
) to some 3.8 million shares, versus 6.7 million shared disclosed in the most recent 13F. In this way, Van Eck Associates now holds 8.34% of the company.
In Golden Star and Tanzanian Royalty, Van Eck reported ownership of around 23.01 million shares and 9.17 million shares, down from 38.14 million shares and 14.84 million shares mentioned in the last 13F filing. Van Eck now holds 8.88% of Golden Star and 9.08% of Tanzanian Royalty.
Regarding Vista Gold, Van Eck reduced its presence in the company to 729,600 shares, after reporting 11.6 million shares in the latest 13F.
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