LongPAASJun 2026
Pan American Silver Corp.
First Eagle holds small positions in both Pan American Silver's equity and its contingent value rights. The investment case includes optionality around the prospective reopening…
First Eagle Gold Fund
Gold and precious-metals strategy investing across bullion and gold-related equities, with gold treated as a strategic long-term hedge against adverse financial and geopolitical events.5 published ideas
First Eagle Gold Fund invests in gold bullion and gold-related companies, including miners and precious-metals streaming businesses. The portfolio managers frame gold primarily as a strategic allocation against adverse events rather than a short-term macro trade. The fund also evaluates individual companies on balance-sheet strength, operating quality, project pipelines and cash-flow potential.
Ideas from First Eagle Gold Fund
LongPE&OLES.MXJun 2026
Industrias Peñoles SAB de CV
Peñoles is a major Mexican producer of refined silver as well as gold, zinc and lead. A significant part of its earnings comes from its 75% ownership of Fresnillo, giving the…
LongBTGJun 2026
B2Gold Corp.
B2Gold owns and operates gold mines across Mali, Namibia, the Philippines and Canada. First Eagle viewed the sale of B2Gold's 70% stake in Fingold Ventures to Agnico positively…
LongAEMJun 2026
Agnico Eagle Mines Limited
Agnico Eagle is the world's second-largest gold producer and remained a favored holding despite share-price weakness during the quarter. First Eagle emphasized the company's…
LongWPMJun 2026
Wheaton Precious Metals Corp.
Wheaton is a Canadian precious-metals streaming and royalty company. First Eagle points to its operational expertise and consistent record of strong cash-flow conversion as core…
Letters covered
- First Eagle Gold Fund Commentary Q2 2026June 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.