# EDGAR Filing Document

**Accession Number:** 0001796651
**File Stem:** 0001796651-26-000002
**Filing Date:** 2026-1
**Character Count:** 13488
**Document Hash:** b2ab1b079517b2c5bbd68c17478932d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001796651-26-000002.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001796651-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260120

**EFFECTIVENESS DATE**: 20260121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Euro Pacific Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001796651

**ORGANIZATION NAME:**
- **EIN:** 660814392
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20141
- **FILM NUMBER:** 26544070

**BUSINESS ADDRESS:**
- **STREET 1:** LOTS 81-82, STREET C, STE. 206
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646
- **BUSINESS PHONE:** 949-878-8057

**MAIL ADDRESS:**
- **STREET 1:** LOTS 81-82, STREET C, STE. 206
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Euro Pacific Asset Management LLC<br>**Address:** LOTS 81-82 STREET C STE. 206<br>DORADO, PR 00646

**Form 13F File Number:** 028-20141

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michael Quain<br>**Title:** Chief Compliance Officer<br>**Phone:** 6462323827

**Signature, Place, and Date of Signing:**

Michael Quain  East Stroudsburg, PA  01-20-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 93

**Form 13F Information Table Value Total:** $900883

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMBEV SA-ADR | SPONSORED ADR | 02319V103 |  | 7450 | 3044462 | SH |  | SOLE |  | 1450656 | 0 | 1593806 |
| ACCENTURE PLC-CL A | SHS CL A | G1151C101 |  | 10170 | 35958 | SH |  | SOLE |  | 17500 | 0 | 18458 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 72756 | 455056 | SH |  | SOLE |  | 299940 | 0 | 155116 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 379 | 38660 | SH |  | SOLE |  | 0 | 0 | 38660 |
| ALAMOS GOLD INC-CLASS A | COM CL A | 011532108 |  | 524 | 14219 | SH |  | SOLE |  | 3000 | 0 | 11219 |
| ALGONQUIN POWER  UTILITIES | COM | 015857105 |  | 2175 | 354050 | SH |  | SOLE |  | 350000 | 0 | 4050 |
| ASML HOLDING NV-NY REG SHS | N Y REGISTRY SHS | N07059210 |  | 3038 | 2948 | SH |  | SOLE |  | 2500 | 0 | 448 |
| GRUPO AEROPORTUARIO SUR-ADR | SPON ADR SER B | 40051E202 |  | 852 | 2627 | SH |  | SOLE |  | 0 | 0 | 2627 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 10556 | 122885 | SH |  | SOLE |  | 105868 | 0 | 17017 |
| BARRICK MINING CORP | COM | 06849F108 |  | 67822 | 1746376 | SH |  | SOLE |  | 1150392 | 0 | 595984 |
| BCE INC | COM NEW | 05534B760 |  | 2915 | 125946 | SH |  | SOLE |  | 70000 | 0 | 55946 |
| BHP GROUP LTD-SPON ADR | SPONSERED ADS | 088606108 |  | 2881 | 58343 | SH |  | SOLE |  | 0 | 0 | 58343 |
| BANK OF NOVA SCOTIA | COM | 064149107 |  | 10978 | 173579 | SH |  | SOLE |  | 62000 | 0 | 111579 |
| BP PLC-SPONS ADR | SPONSORED ADR | 055622104 |  | 11722 | 362175 | SH |  | SOLE |  | 160000 | 0 | 202175 |
| B2GOLD CORP | COM | 11777Q209 |  | 33969 | 7584250 | SH |  | SOLE |  | 6226229 | 0 | 1358021 |
| BRITISH AMERICAN TOB-SP ADR | SPONSORED ADR | 110448107 |  | 34748 | 657883 | SH |  | SOLE |  | 350000 | 0 | 307883 |
| SPROTT PHYSICAL GOLD AND SIL | TR UNIT | 85208R101 |  | 8588 | 285326 | SH |  | SOLE |  | 0 | 0 | 285326 |
| DAKOTA GOLD CORP | COM | 46655E100 |  | 17243 | 3051484 | SH |  | SOLE |  | 2524658 | 0 | 526826 |
| DIAGEO PLC-SPONSORED ADR | SPON ADR NEW | 25243Q205 |  | 710 | 7381 | SH |  | SOLE |  | 0 | 0 | 7381 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 160 | 32520 | SH |  | SOLE |  | 0 | 0 | 32520 |
| ENBRIDGE INC | COM | 29250N105 |  | 461 | 10165 | SH |  | SOLE |  | 0 | 0 | 10165 |
| EQUINOR ASA-SPON ADR | SPONSORED ADR | 29446M102 |  | 7809 | 318372 | SH |  | SOLE |  | 110000 | 0 | 208372 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 26173 | 1906970 | SH |  | SOLE |  | 1682452 | 0 | 224518 |
| ENERGY TRANSFER LP | COM UT LTD PTN | 29273V100 |  | 239 | 13210 | SH |  | SOLE |  | 0 | 0 | 13210 |
| FRANCO-NEVADA CORP | COM | 351858105 |  | 46666 | 236967 | SH |  | SOLE |  | 141506 | 0 | 95461 |
| BLACKROCK FLTNG RT INC STRAT | COM | 09255X100 |  | 420 | 31965 | SH |  | SOLE |  | 0 | 0 | 31965 |
| FORTUNA MINING CORP | COM NEW | 349942102 |  | 43231 | 4464769 | SH |  | SOLE |  | 3584980 | 0 | 879789 |
| VANECK GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 |  | 826 | 13445 | SH |  | SOLE |  | 0 | 0 | 13445 |
| VANECK JUNIOR GOLD MINERS | JUNIOR GOLD MINE | 92189F791 |  | 205 | 3035 | SH |  | SOLE |  | 0 | 0 | 3035 |
| GRAB HOLDINGS LTD - CL A | CLASS A ORD | G4124C109 |  | 1888 | 377745 | SH |  | SOLE |  | 350000 | 0 | 27745 |
| GSK PLC-SPON ADR | SPONSORED ADR | 37733W204 |  | 9437 | 210813 | SH |  | SOLE |  | 110760 | 0 | 100053 |
| HALEON PLC-ADR | SPON ADS | 405552100 |  | 930 | 89640 | SH |  | SOLE |  | 0 | 0 | 89640 |
| WISDOMTREE PRV CRD  ALT INC | ALTRNTVE INCM FD | 97717Y626 |  | 369 | 21450 | SH |  | SOLE |  | 0 | 0 | 21450 |
| IAMGOLD CORP | COM | 450913108 |  | 22104 | 1343139 | SH |  | SOLE |  | 1300000 | 0 | 43139 |
| INTL BUSINESS MACHINES CORP | COM | 459200101 |  | 271 | 921 | SH |  | SOLE |  | 0 | 0 | 921 |
| IVANHOE ELECTRIC INC / US | COM | 46578C108 |  | 6698 | 430443 | SH |  | SOLE |  | 264503 | 0 | 165940 |
| INFOSYS LTD-SP ADR | SPONSORED ADR | 456788108 |  | 1200 | 66959 | SH |  | SOLE |  | 55000 | 0 | 11959 |
| JANUS HENDERSON AAA CLO ETF | HENDRSON AAA CL | 47103U845 |  | 507 | 9996 | SH |  | SOLE |  | 0 | 0 | 9996 |
| KINROSS GOLD CORP | COM | 496902404 |  | 17987 | 762330 | SH |  | SOLE |  | 410000 | 0 | 352330 |
| METALLA ROYALTY  STREAMING | COM NEW | 59124U605 |  | 43499 | 5742309 | SH |  | SOLE |  | 4472031 | 0 | 1270278 |
| NEWMONT CORP | COM | 651639106 |  | 29450 | 365598 | SH |  | SOLE |  | 170749 | 0 | 194849 |
| NUTRIEN LTD | COM | 67077M108 |  | 6187 | 103322 | SH |  | SOLE |  | 45000 | 0 | 58322 |
| NU HOLDINGS LTD/CAYMAN ISL-A | ORD SHS CL A | G6683N103 |  | 3642 | 233618 | SH |  | SOLE |  | 135000 | 0 | 98618 |
| NOVO-NORDISK A/S-SPONS ADR | ADR | 670100205 |  | 20350 | 346077 | SH |  | SOLE |  | 180000 | 0 | 166077 |
| NOVARTIS AG-SPONSORED ADR | SPONSORED ADR | 66987V109 |  | 5492 | 42231 | SH |  | SOLE |  | 20000 | 0 | 22231 |
| OMEGA HEALTHCARE INVESTORS | COM | 681936100 |  | 213 | 5800 | SH |  | SOLE |  | 0 | 0 | 5800 |
| OR ROYALTIES INC | COM SHS | 68390D106 |  | 36088 | 1028079 | SH |  | SOLE |  | 860385 | 0 | 167694 |
| ORLA MINING LTD | COM | 68634K106 |  | 11420 | 867495 | SH |  | SOLE |  | 617123 | 0 | 250372 |
| PAN AMERICAN SILVER CORP | COM | 697900108 |  | 61594 | 1287451 | SH |  | SOLE |  | 892455 | 0 | 394996 |
| SPROTT PHYSICAL GOLD TRUST | UNIT | 85207H104 |  | 1300 | 48180 | SH |  | SOLE |  | 0 | 0 | 48180 |
| PHILIP MORRIS INTERNATIONAL | COM | 718172109 |  | 8102 | 46939 | SH |  | SOLE |  | 16500 | 0 | 30439 |
| SS SPDR ICE PREF SEC ETF | ICE PFD SEC ETF | 78464A292 |  | 604 | 19030 | SH |  | SOLE |  | 0 | 0 | 19030 |
| SPROTT PHYSICAL SILVER TRUST | TR UNIT | 85207K107 |  | 6797 | 307137 | SH |  | SOLE |  | 0 | 0 | 307137 |
| ROYAL GOLD INC | COM | 780287108 |  | 36159 | 164360 | SH |  | SOLE |  | 122680 | 0 | 41680 |
| RIO TINTO PLC-SPON ADR | SPONSORED ADR | 767204100 |  | 2836 | 47788 | SH |  | SOLE |  | 0 | 0 | 47788 |
| SHELL PLC-ADR | SPON ADS | 780259305 |  | 11610 | 162776 | SH |  | SOLE |  | 35000 | 0 | 127776 |
| SK TELECOM CO LTD-SPON ADR | SPONSORED ADR | 78440P306 |  | 2567 | 123816 | SH |  | SOLE |  | 100000 | 0 | 23816 |
| SANOFI-ADR | SPONSORED ADR | 80105N105 |  | 2111 | 43688 | SH |  | SOLE |  | 0 | 0 | 43688 |
| TRIPLE FLAG PRECIOUS MET | COM | 89679M104 |  | 17070 | 521059 | SH |  | SOLE |  | 428693 | 0 | 92366 |
| TELKOM INDONESIA PERSERO-ADR | SPONSORED ADR | 715684106 |  | 6927 | 380194 | SH |  | SOLE |  | 100000 | 0 | 280194 |
| TAIWAN SEMICONDUCTOR-SP ADR | SPONSORED ADS | 874039100 |  | 700 | 2722 | SH |  | SOLE |  | 0 | 0 | 2722 |
| UNILEVER PLC-SPONSORED ADR | SPON ADR NEW | 904767803 |  | 4368 | 66766 | SH |  | SOLE |  | 35555 | 0 | 31211 |
| GLOBAL X URANIUM ETF | GLOBAL X URANIUM | 37954Y871 |  | 249 | 6405 | SH |  | SOLE |  | 0 | 0 | 6405 |
| ISHARES BROAD USD HIGH YIELD | BROAD USD HIGH | 46435U853 |  | 608 | 16210 | SH |  | SOLE |  | 0 | 0 | 16210 |
| VALE SA-SP ADR | SPONSORED ADS | 91912E105 |  | 5674 | 488718 | SH |  | SOLE |  | 250000 | 0 | 238718 |
| VANGUARD EMERG MKTS GOV BND | EM MK GOV BD ETF | 921946885 |  | 673 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 33130 | 285947 | SH |  | SOLE |  | 218200 | 0 | 67747 |
| WESTERN COPPER AND GOLD CORP | COM | 95805V108 |  | 2763 | 1035506 | SH |  | SOLE |  | 600000 | 0 | 435506 |
| WIPRO LTD-ADR | SPON ADR 1 SH | 97651M109 |  | 98 | 33087 | SH |  | SOLE |  | 0 | 0 | 33087 |
| SAP SE-SPONSORED ADR | SPON ADR | 803054204 |  | 213 | 870 | SH |  | SOLE |  | 0 | 0 | 870 |
| ELEMENTAL ROYALTY CORP | COM NEW | 28620K106 |  | 16448 | 968502 | SH |  | SOLE |  | 854462 | 0 | 114040 |
| FMC CORP | COM NEW | 302491303 |  | 2183 | 157328 | SH |  | SOLE |  | 150000 | 0 | 7328 |
| CEMEX SAB-SPONS ADR PART CER | SPON ADR NEW | 151290889 |  | 150 | 12707 | SH |  | SOLE |  | 0 | 0 | 12707 |
| ITAU UNIBANCO H-SPON PRF ADR | SPON ADR REP PFD | 465562106 |  | 1363 | 189827 | SH |  | SOLE |  | 169950 | 0 | 19877 |
| UNITED MICROELECTRON-SP ADR | SPON ADR NEW | 910873405 |  | 120 | 14716 | SH |  | SOLE |  | 0 | 0 | 14716 |
| BANCO BRADESCO-ADR | SP ADR PFD NEW | 059460303 |  | 1986 | 595201 | SH |  | SOLE |  | 550000 | 0 | 45201 |
| VODAFONE GROUP PLC-SP ADR | SPONSORED ADR | 92857W308 |  | 194 | 14633 | SH |  | SOLE |  | 0 | 0 | 14633 |
| SPDR GOLD SHARES | GOLD SHS | 78463V107 |  | 247 | 656 | SH |  | SOLE |  | 0 | 0 | 656 |
| CIA DE MINAS BUENAVENTUR-ADR | SPONSORED ADR | 204448104 |  | 207 | 7284 | SH |  | SOLE |  | 0 | 0 | 7284 |
| ISHARES INTERNATIONAL TREASU | INTL TREA BD ETF | 464288117 |  | 2068 | 48868 | SH |  | SOLE |  | 0 | 0 | 48868 |
| GOLD FIELDS LTD-SPONS ADR | SPONSORED ADR | 38059T106 |  | 604 | 13667 | SH |  | SOLE |  | 0 | 0 | 13667 |
| STATE STREET SPDR PORTFOLIO | PORTFOLIO S | 78464A854 |  | 347 | 4331 | SH |  | SOLE |  | 0 | 0 | 4331 |
| ISHARES GOLD TRUST | ISHARES NEW | 464285204 |  | 873 | 10761 | SH |  | SOLE |  | 0 | 0 | 10761 |
| SPDR BLOOMBERG INT TREASURY | BLOOMBERG INTL T | 78464A516 |  | 1312 | 57282 | SH |  | SOLE |  | 0 | 0 | 57282 |
| ISHARES MSCI ACWI EX US ETF | MSCI ACWI EX US | 464288240 |  | 828 | 12338 | SH |  | SOLE |  | 0 | 0 | 12338 |
| VANECK MERK GOLD ETF | GOLD TRUST | 921078101 |  | 16574 | 398070 | SH |  | SOLE |  | 0 | 0 | 398070 |
| ISHARES MSCI USA QUALITY FAC | MSCI USA QLT FCT | 46432F339 |  | 822 | 4140 | SH |  | SOLE |  | 0 | 0 | 4140 |
| WISDOMTREE FLOATING RATE TRE | FLOATING RAT TREA | 97717Y527 |  | 463 | 9208 | SH |  | SOLE |  | 0 | 0 | 9208 |
| FIRST TRUST EMERGING MARKETS | EME MRK BD ETF | 33739P202 |  | 3549 | 117216 | SH |  | SOLE |  | 0 | 0 | 117216 |
| TELEFONICA BRASIL-ADR | NEW ADR | 87936R205 |  | 131 | 10534 | SH |  | SOLE |  | 0 | 0 | 10534 |
| I-80 GOLD CORP | COM | 44955L106 |  | 21 | 66672 | SH |  | SOLE |  | 50000 | 0 | 16672 |
| MAGNUM ICE CREAM CO NV/THE | ORD SHS | N5505D105 |  | 237 | 14914 | SH |  | SOLE |  | 8000 | 0 | 6914 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 605 | 298 | SH |  | SOLE |  | 250 | 0 | 48 |

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