Q3 2025 · 13F-HR
Condire Management, LPholdings as filed
Filed 2025-11-14 · accession 0001847739-25-000002
$835.4M
Reported value
20
Positions
2025-09-30
Period end
The Brief · Condire Management, LP · Q3 2025
AI · grounded in 13F
Condire Management, LP established a new position in New Gold Inc CDA NGDN valued at $215.7M. The fund also initiated new stakes in SSR Mining In SSRM for $81.9M and I-80 Gold Corp IAUX for $76.5M. Additional new positions include Osisko Development Corp ODV at $74.5M, Valaris Ltd VAL at $56.5M, and Sibanye Stillwater Ltd SBSW at $55.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 644535106 | NGDN | NEW GOLD INC CDA | $215.7M | 25.8% | 30,039,918 | Common | SOLE |
| 784730103 | SSRM | SSR MINING IN | $81.9M | 9.80% | 3,353,891 | Common | SOLE |
| 44955L106 | IAUX | I-80 GOLD CORP | $76.5M | 9.16% | 80,100,000 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $74.5M | 8.91% | 21,964,844 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $56.5M | 6.76% | 1,158,651 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $55.8M | 6.68% | 4,964,929 | Common | SOLE |
| 674215207 | CHRD | CHORD ENERGY CORPORATION | $52.8M | 6.32% | 531,291 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $45.9M | 5.49% | 6,356,130 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $38.7M | 4.63% | 1,279,968 | Common | SOLE |
| 29258Y103 | EXK | ENDEAVOUR SILVER CORP | $23.5M | 2.82% | 3,000,000 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $18.7M | 2.24% | 1,100,000 | Common | SOLE |
| 44955L155 | IAUX/WS | I-80 GOLD CORP | $18.4M | 2.20% | 40,846,499 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $16.8M | 2.02% | 201,663 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $16.0M | 1.92% | 95,186 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $15.2M | 1.83% | 285,900 | Common | SOLE |
| 12738K109 | CDLR | CADELER A S | $12.9M | 1.54% | 624,400 | Common | SOLE |
| Y41053102 | INSW | INTERNATIONAL SEAWAYS INC | $9.0M | 1.07% | 194,763 | Common | SOLE |
| G9108L173 | TEN | TSAKOS ENERGY NAVIGATION LTD | $4.2M | 0.51% | 190,977 | Common | SOLE |
| 58039P305 | MUX | MCEWEN INC. | $1.9M | 0.23% | 113,000 | Common | SOLE |
| 78464A755 | XME | SPDR SERIES TRUST | $379,842 | 0.05% | 4,076 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.