# EDGAR Filing Document

**Accession Number:** 0001796651
**File Stem:** 0001796651-23-000003
**Filing Date:** 2023-2
**Character Count:** 10793
**Document Hash:** b256af9d1e4314eede954f99b555c59b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001796651-23-000003.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001796651-23-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Euro Pacific Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001796651
- **IRS NUMBER:** 660814392
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20141
- **FILM NUMBER:** 23627476

**BUSINESS ADDRESS:**
- **STREET 1:** LOTS 81-82, STREET C, STE. 204
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646
- **BUSINESS PHONE:** 949-878-8057

**MAIL ADDRESS:**
- **STREET 1:** LOTS 81-82, STREET C, STE. 204
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

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

**This Amendment (Check only one.):** [ ] 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. 204<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  02-14-2023<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:** 71

**Form 13F Information Table Value Total:** $446407

      (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 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 3 | 40008 | SH |  | SOLE |  | 8 | 0 | 40000 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 22739 | 430083 | SH |  | SOLE |  | 44474 | 0 | 385609 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 2432 | 239141 | SH |  | SOLE |  | 2000 | 0 | 237141 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 9548 | 3509578 | SH |  | SOLE |  | 225439 | 0 | 3284139 |
| ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 035128206 |  | 6402 | 80380 | SH |  | SOLE |  | 53 | 0 | 80327 |
| ARCO PLATFORM LTD | COM CL A | G04553106 |  | 894 | 65230 | SH |  | SOLE |  | 0 | 0 | 65230 |
| B2GOLD CORP | COM | 11777Q209 |  | 12515 | 3465293 | SH |  | SOLE |  | 432960 | 0 | 3032333 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 4510 | 1551738 | SH |  | SOLE |  | 15073 | 0 | 1536665 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 8805 | 178332 | SH |  | SOLE |  | 9373 | 0 | 168959 |
| BARRICK GOLD CORP | COM | 067901108 |  | 29953 | 1676454 | SH |  | SOLE |  | 121363 | 0 | 1555091 |
| BCE INC | COM NEW | 05534B760 |  | 3945 | 89022 | SH |  | SOLE |  | 8314 | 0 | 80708 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 8454 | 136746 | SH |  | SOLE |  | 592 | 0 | 136154 |
| BP PLC | SPONSORED ADR | 055622104 |  | 15231 | 441759 | SH |  | SOLE |  | 20614 | 0 | 421145 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 22403 | 557848 | SH |  | SOLE |  | 27808 | 0 | 530040 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 280 | 2253 | SH |  | SOLE |  | 2253 | 0 | 0 |
| CI INC | COM CL A | G21307106 |  | 612 | 93480 | SH |  | SOLE |  | 0 | 0 | 93480 |
| COMPANIA CERVECERIAS UNIDAS | SPONSORED ADR | 204429104 |  | 5391 | 406939 | SH |  | SOLE |  | 3837 | 0 | 403102 |
| DAKOTA GOLD CORP | COM | 46655E100 |  | 560 | 170401 | SH |  | SOLE |  | 50458 | 0 | 119943 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 1527 | 8545 | SH |  | SOLE |  | 2434 | 0 | 6111 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 2892 | 24000 | SH |  | SOLE |  | 2413 | 0 | 21587 |
| EMX RTY CORP | COM | 26873J107 |  | 3052 | 1707716 | SH |  | SOLE |  | 114909 | 0 | 1592807 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 61 | 18020 | SH |  | SOLE |  | 0 | 0 | 18020 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 9405 | 285109 | SH |  | SOLE |  | 15133 | 0 | 269976 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 6524 | 1969483 | SH |  | SOLE |  | 121240 | 0 | 1848243 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 348 | 39713 | SH |  | SOLE |  | 5531 | 0 | 34182 |
| FIRST TR EXCH TRADED FD III | EME MRK BD ETF | 33739P202 |  | 1850 | 68015 | SH |  | SOLE |  | 68015 | 0 | 0 |
| FORTUNA SILVER MINES INC | COM | 349915108 |  | 15015 | 3987909 | SH |  | SOLE |  | 483905 | 0 | 3504004 |
| FRANCO NEV CORP | COM | 351858105 |  | 14377 | 104888 | SH |  | SOLE |  | 9776 | 0 | 95112 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 726 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 9838 | 938524 | SH |  | SOLE |  | 2834 | 0 | 935690 |
| GRUPO AEROPORTUARIO DEL SURE | SPON ADR SER B | 40051E202 |  | 294 | 35779 | SH |  | SOLE |  | 4 | 0 | 35775 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 7761 | 222855 | SH |  | SOLE |  | 12141 | 0 | 210714 |
| HALEON PLC | SPON ADS | 405552100 |  | 878 | 114654 | SH |  | SOLE |  | 712 | 0 | 113942 |
| I-80 GOLD CORP | COM | 44955L106 |  | 9447 | 3292165 | SH |  | SOLE |  | 237554 | 0 | 3054611 |
| IAMGOLD CORP | COM | 450913108 |  | 4672 | 1816800 | SH |  | SOLE |  | 0 | 0 | 1816800 |
| ISHARES TR | INTL TREA BD ETF | 464288117 |  | 1066 | 26423 | SH |  | SOLE |  | 26423 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 226 | 5730 | SH |  | SOLE |  | 0 | 0 | 5730 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 806 | 170293 | SH |  | SOLE |  | 5393 | 0 | 164900 |
| KINROSS GOLD CORP | COM | 496902404 |  | 7189 | 1659277 | SH |  | SOLE |  | 117772 | 0 | 1541505 |
| KT CORP | SPONSORED ADR | 48268K101 |  | 170 | 11269 | SH |  | SOLE |  | 11269 | 0 | 0 |
| MAVERIX METALS INC | COM NEW | 57776F405 |  | 4177 | 868259 | SH |  | SOLE |  | 1258 | 0 | 867001 |
| METALLA RTY  STREAMING LTD | COM NEW | 59124U605 |  | 11145 | 2265756 | SH |  | SOLE |  | 221250 | 0 | 2044506 |
| NEWMONT CORP | COM | 651639106 |  | 15877 | 316367 | SH |  | SOLE |  | 12163 | 0 | 304204 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 11336 | 123871 | SH |  | SOLE |  | 6338 | 0 | 117533 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 9211 | 67263 | SH |  | SOLE |  | 3951 | 0 | 63312 |
| NUTRIEN LTD | COM | 67077M108 |  | 9184 | 122759 | SH |  | SOLE |  | 5042 | 0 | 117717 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 14927 | 1228930 | SH |  | SOLE |  | 176182 | 0 | 1052748 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 11165 | 687664 | SH |  | SOLE |  | 150949 | 0 | 536715 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 16041 | 157128 | SH |  | SOLE |  | 5768 | 0 | 151360 |
| ROYAL GOLD INC | COM | 780287108 |  | 11760 | 104835 | SH |  | SOLE |  | 13435 | 0 | 91400 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 6114 | 1165889 | SH |  | SOLE |  | 35789 | 0 | 1130100 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 1216 | 11418 | SH |  | SOLE |  | 2635 | 0 | 8783 |
| SAP SE | SPON ADR | 803054204 |  | 268 | 4944 | SH |  | SOLE |  | 2477 | 0 | 2467 |
| SASOL LTD | SPONSORED ADR | 803866300 |  | 1913 | 49226 | SH |  | SOLE |  | 516 | 0 | 48710 |
| SHELL PLC | SPON ADS | 780259305 |  | 4168 | 73272 | SH |  | SOLE |  | 13272 | 0 | 60000 |
| SILVERCREST METALS INC | COM | 828363101 |  | 605 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| SK TELECOM LTD | SPONSORED ADR | 78440P306 |  | 1237 | 59337 | SH |  | SOLE |  | 9337 | 0 | 50000 |
| SPDR SER TR | BLOOMBERG INTL T | 78464A516 |  | 676 | 29293 | SH |  | SOLE |  | 29293 | 0 | 0 |
| SPROTT PHYSICAL GOLD AND SILVE | TR UNIT | 85208R101 |  | 6434 | 356678 | SH |  | SOLE |  | 0 | 0 | 356678 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 1480 | 183508 | SH |  | SOLE |  | 183508 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 8745 | 173657 | SH |  | SOLE |  | 1343 | 0 | 172314 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 1632 | 166997 | SH |  | SOLE |  | 350 | 0 | 166647 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 3242 | 51748 | SH |  | SOLE |  | 11748 | 0 | 40000 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 7945 | 156607 | SH |  | SOLE |  | 16607 | 0 | 140000 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 703 | 41501 | SH |  | SOLE |  | 1501 | 0 | 40000 |
| VANECK MERK GOLD TR | GOLD TRUST | 921078101 |  | 5243 | 295236 | SH |  | SOLE |  | 295236 | 0 | 0 |
| VISTA GOLD CORP | COM NEW | 927926303 |  | 2714 | 5549500 | SH |  | SOLE |  | 860703 | 0 | 4688797 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 432 | 41895 | SH |  | SOLE |  | 41895 | 0 | 0 |
| VTEX | SHS CL A | G9470A102 |  | 929 | 243230 | SH |  | SOLE |  | 0 | 0 | 243230 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 9057 | 227945 | SH |  | SOLE |  | 40945 | 0 | 187000 |
| YAMANA GOLD INC | COM | 98462Y100 |  | 14030 | 2433033 | SH |  | SOLE |  | 121553 | 0 | 2311480 |

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