Instuitional Investor - Cape Ann Asset Management Ltd

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Kinross Gold Corp	KGC	3,510,314	$82,913,617	19.09%
2.	Vista Energy S.a.b. De C.v.	VIST	979,693	$62,504,413	14.39%
3.	Ero Copper Corp.	ERO	2,053,705	$54,936,609	12.65%
4.	Ternium S.a.	TX	996,424	$42,547,305	9.79%
5.	Macro Bank Inc.	BMA	439,918	$40,732,008	9.38%