Asset Manager’s Top Third Quarter Basic Materials Stocks

Wall St. Watchdog reveals information regarding Sprott Asset Management’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 53 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $489.289 million.

  • First Majestic Silver Corp. (NYSE:AG): On 06/30/2011, Sprott Asset Management reported holding 3,447,900 shares with a market value of $63,579,278. This comprised 8.34% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 4,690,800 shares with a market value of $71,347,068. This comprised 8.94% of the total portfolio. The net change in shares for this position over the two quarters is 1,242,900. About Company: First Majestic Silver Corp. is a silver producing mining company. The Company’s presently owns and operates producing silver mines in Mexico; the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine.
  • Alexco Resource Corporation (AMEX:AXU): On 06/30/2011, Sprott Asset Management reported holding 7,768,550 shares with a market value of $56,011,246. This comprised 7.35% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 7,546,050 shares with a market value of $51,162,221. This comprised 6.41% of the total portfolio. The net change in shares for this position over the two quarters is -222,500. About Company: Alexco Resource Corporation is a mineral exploration and production company. The Company mines for minerals that include gold and silver.
  • Barrick Gold Corporation (NYSE:ABX): On 06/30/2011, Sprott Asset Management reported holding 940,000 shares with a market value of $42,572,601. This comprised 5.58% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 860,000 shares with a market value of $40,119,001. This comprised 5.02% of the total portfolio. The net change in shares for this position over the two quarters is -80,000. About Company: Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
  • Allied Nevada Gold Corp. (AMEX:ANV): On 06/30/2011, Sprott Asset Management reported holding 111,000 shares with a market value of $3,926,070. This comprised 0.51% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 962,900 shares with a market value of $34,481,450. This comprised 4.32% of the total portfolio. The net change in shares for this position over the two quarters is 851,900. About Company: Allied Nevada Gold Corporation evaluates, acquires, explores, and advances gold exploration and potential development projects. The Company’s holdings include projects in Nevada, California, Idaho and Colorado in the United States, as well as Bolivia, Mexico, Indonesia and Australia.
  • Silver Wheaton Corp. (NYSE:SLW): On 06/30/2011, Sprott Asset Management reported holding 1,039,500 shares with a market value of $34,303,500. This comprised 4.5% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 1,044,800 shares with a market value of $30,769,361. This comprised 3.85% of the total portfolio. The net change in shares for this position over the two quarters is 5,300. About Company: Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production from mines in Mexico, Sweden, Peru, Greece and the United States.
  • Coeur D`alene Mines Corporation (NYSE:CDE): On 06/30/2011, Sprott Asset Management reported holding 65,500 shares with a market value of $1,589,030. This comprised 0.21% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 1,359,200 shares with a market value of $29,141,249. This comprised 3.65% of the total portfolio. The net change in shares for this position over the two quarters is 1,293,700. About Company: Coeur d’Alene Mines Corporation, through its subsidiaries, explores, develops, operates, and/or owns silver and gold mining properties and companies. The Company’s properties are located primarily in the United States, Australia, and South America.
  • Iamgold Corp. (NYSE:IAG): On 06/30/2011, Sprott Asset Management reported holding 1,506,100 shares with a market value of $28,254,436. This comprised 3.71% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 1,416,400 shares with a market value of $28,016,393. This comprised 3.51% of the total portfolio. The net change in shares for this position over the two quarters is -89,700. About Company: IAMGOLD Corporation is a mid-tier gold mining company. The Company is focused in West Africa, the Guiana Shield of South America and in Quebec where it has a pipeline of development and exploration projects.
  • Mag Silver Corp. (AMEX:MVG): On 06/30/2011, Sprott Asset Management reported holding 2,672,179 shares with a market value of $26,668,345. This comprised 3.5% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 2,883,179 shares with a market value of $22,604,124. This comprised 2.83% of the total portfolio. The net change in shares for this position over the two quarters is 211,000. About Company: MAG Silver Corp acquires and explores mineral properties with a focus on high-grade silver and gold. The Company, through its subsidiary, holds options to earn an interest in properties located in Mexico.
  • Brigus Gold Corp (AMEX:BRD): On 06/30/2011, Sprott Asset Management reported holding 16,398,650 shares with a market value of $27,221,758. This comprised 3.57% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 15,878,050 shares with a market value of $19,212,441. This comprised 2.41% of the total portfolio. The net change in shares for this position over the two quarters is -520,600. About Company: Brigus Gold Corp. is an emerging mid-tier gold producer . The Company’s current projects are in Ontario, Saskatchewan, Mexico and the Dominican Republic.
  • Hecla Mining Co. (NYSE:HL): On 06/30/2011, Sprott Asset Management reported holding 1,726,100 shares with a market value of $13,273,709. This comprised 1.74% of the total portfolio. On 09/30/2011, Sprott Asset Management reported holding 3,148,600 shares with a market value of $16,876,496. This comprised 2.11% of the total portfolio. The net change in shares for this position over the two quarters is 1,422,500. About Company: Hecla Mining Company explores, develops, and mines precious metals, gold and silver. The Company has operations in the United States and Mexico.

(Note: Data regarding Sprott Asset Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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