Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Van Eck Associates Just Made 5 Significant Moves in the Mining Industry

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).

Vista Gold Corp. (NYSEAMEX:VGZ)

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.

Disclosure: none

Recommended Reading:

1607 Capital Partners Drops Some Shares of This Aberdeen Fund

What You Might Not Know About Carl Icahn’s New Stock Pick

Carlo Cannell Trims His Global Telecom & Technology Exposure

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!