SLAM Exploration Ltd. (TSXV: SXL)
‘Exploring for critical elements and precious metals in New Brunswick, Canada.’
According to a document disclosed by the U.S. Securities and Exchange Commission (SEC) on April 21, 2026, investment advisory firm Systelligence, LLC established a new position in the iShares MSCI Global Gold Miners ETF (RING) in the first quarter of 2026, purchasing a total of 72,909 shares. Based on the average quarterly price, the transaction was valued at approximately $6.18 million.
As of the end of the quarter on March 31, 2026, the position was valued at $5.76 million, a figure that reflects both the purchase cost and the impact of stock price movements during the period. This newly established position accounted for 1.12% of Systelligence’s reportable 13F assets under management (AUM).
As of April 20, 2026, RING closed at $85.77 per share. Over the past year, the ETF has risen 100.8%, outperforming the S&P 500 by 68.77 percentage points. Over the past three years, RING has surged 221%, representing a compound annual growth rate (CAGR) of 47.6%, while the S&P 500 returned 78% over the same period, with a CAGR of 21.1%.
The iShares MSCI Global Gold Miners ETF aims to track an index composed of stocks of companies primarily engaged in gold mining globally. The fund holds a diversified portfolio of global gold mining stocks, employs a passive management strategy, and has an expense ratio of 0.39%. Its major holdings include companies such as Newmont (NEM), Agnico Eagle Mines (AEM), and Barrick Mining (B).
RING is a gold ETF, but its underlying investments are stocks of gold mining companies, not physical gold. The fund has an expense ratio of 0.39%. Despite RING’s impressive returns over the past few years, holding gold miners—and even gold itself—still carries risks. Gold does not generate interest and is often viewed as a safe-haven asset, which may underperform during periods of economic stability and strong growth. Additionally, gold miners face extra headwinds such as operational risks, labor disputes, and geopolitical and regulatory risks.
Summary: RING is an ETF worth considering for portfolio diversification, but investors should keep in mind that gold mining stocks carry risks and share prices can decline.
