Sun Valley Gold Maintains 4.66M Share Stake in Perpetua Resources

Ticker: PPTA · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1526243

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, mining, gold-silver

TL;DR

**Sun Valley Gold still holds 4.66M shares of Perpetua, signaling continued confidence.**

AI Summary

Sun Valley Gold LLC, an investment firm based in Delaware, filed an amended SC 13G/A on February 5, 2024, indicating its ownership of 4,666,508 common shares of Perpetua Resources Corp. as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, though not controlling, stake in the gold and silver mining company. This matters to investors because Sun Valley Gold LLC is a specialized metals investor, and their sustained position suggests confidence in Perpetua Resources' future, particularly its Stibnite Gold Project.

Why It Matters

This filing confirms a major institutional investor's continued belief in Perpetua Resources, which can signal stability and potential future growth to other investors.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant ownership by an institutional investor, which generally reduces perceived risk for other shareholders.

Analyst Insight

Investors should note that a specialized metals investor like Sun Valley Gold LLC maintaining a substantial position in Perpetua Resources Corp. could be a positive signal, suggesting confidence in the company's long-term prospects, particularly its mining projects. This could warrant further research into Perpetua's fundamentals and project timelines.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of this SC 13G/A filing by Sun Valley Gold LLC?

This SC 13G/A is an amendment (Amendment No. 2) to a previous Schedule 13G filing, updating the beneficial ownership information of Sun Valley Gold LLC in Perpetua Resources Corp. as of December 31, 2023.

How many shares of Perpetua Resources Corp. does Sun Valley Gold LLC beneficially own, according to this filing?

Sun Valley Gold LLC beneficially owns 4,666,508 common shares of Perpetua Resources Corp., with both shared voting power and shared dispositive power over these shares, as stated in items 6 and 8 of the filing.

What is the CUSIP number for Perpetua Resources Corp.'s securities mentioned in the filing?

The CUSIP number for Perpetua Resources Corp.'s common shares is 714266103, as indicated on the cover page of the Schedule 13G.

When was the event date that triggered this filing?

The date of the event which requires the filing of this statement was December 31, 2023, as specified on the cover page.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(d), as indicated by the checked box on the cover page.

Filing Stats: 1,797 words · 7 min read · ~6 pages · Grade level 7 · Accepted 2024-02-05 14:58:35

Filing Documents

From the Filing

SC 13G/A 1 d10973200_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Perpetua Resources Corp. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 714266103 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 714266103 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sun Valley Gold LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,666,508 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,666,508 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,666,508 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA CUSIP No. 714266103 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Palmedo Holdings LLLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Nevada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,666,508 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,666,508 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,666,508 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 714266103 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sun Valley Gold Master Fund, Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,689,896 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,689,896 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,689,896 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.8% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO CUSIP No. 714266103 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Peter F. Palmedo 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 4,666,508 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,666,508 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,666,508 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CUSIP No. 714266103 Item 1. (a). Name of Issuer: Perpetua Resources Corp. (b). Address of issuer's principal executive offices: 405 S. 8th Street Suite 201 Boise, ID 83702 Item 2. (a). Name of person filing: Sun Valley Gold LLC Palmedo Holdings LLLP Sun Valley Gold Master Fund, Ltd. Peter F. Palmedo (b). Address or principal business office or, if none, residence: 620 Sun Valley Road, 2 nd Floor P.O. Box 2211 Ketchum, ID 83340 (c). Citizenship: Sun Valley Gold LLC – Delaware Palmedo

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