This Metals And Mining Fund Warned About ‘Putrid’ Sentiment On Gold Developers [Exclusive And In-Depth]

Extract Capital was down 15.8% net for the second quarter, coming in roughly in line with the S&P 500's -16.4% return, although it did significantly better than the S&P/ TSX Venture Composite Index's -30.8% return. Since its inception in March 2012, the fund has generated a net return of 294.6%, versus the S&P's 179.9% return and the Venture Index's 61.9% loss.

Additionally, the Junior Gold Miners Index has declined 69.6% since Extract Capital's inception, while the HFRX Commodities Metal Index, which tracks hedge funds in the metals and mining space, was down 36.1%.

Q2 2022 hedge fund letters, conferences and more

Extract Capital focuses on natural resources, investing primarily in...