Chris Mancini is a Research Analyst for Gabelli Gold Fund.
The above webcast is an excerpt from a Business News Network (BNN) broadcast that aired on December 7, 2016. The webcast is made
available by BNN and is provided on GAMCO's website for your convenience only.
GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete
description of any security or company and it is not an offer or solicitation to buy or sell any security, nor is it a
research report with respect to any of the companies mentioned herein.
As of September 30, 2016, affiliates of GAMCO Investors, Inc. owned 1.01% of Randgold Resources, 1.56% of Royal Gold, 1.22% of
Detour Gold and less than 1% of Barrick Gold, Goldcorp, Newmont, Agnico Eagle Mines, Fresnillo Plc, Franco Nevada and Northern
Dynasty Minerals. The Gabelli Gold Fund owned 498,700 shares of Barrick Gold (representing 2.32% of the fund), 45,000 shares of
Goldcorp (less than 1% of the fund), 347,871 shares of Newmont (3.58% of the fund), 295,900 shares of Randgold Resources (7.76%
of the fund), 462,432 shares of Agnico Eagle Mines (6.57% of the fund), 1,160,500 shares of Fresnillo Plc (6.84% of the fund),
244,700 shares of Franco Nevada (4.48% of the fund), 195,000 shares of Royal Gold (3.96% of the fund), 645,000 shares of Detour
Gold (3.60% of the fund) and 1,222,000 shares of Northern Dynasty Minerals (less than 1% of the fund). These securities are not
necessarily reflective of the entire portfolio.
Investments related to gold and other precious metals and minerals are considered speculative. The Fund may be subject to
significant volatility and investors may experience substantial loss of value in a short period. Investing in foreign
securities involves risks not ordinarily associated with investment in domestic issues. Fund's concentrating in specific
sectors may experience greater fluctuations in value than funds that are more diversified.
GAMCO's views are subject to change at any time based on market and other conditions. The information in this posting represents
the opinions of the individual referenced and is not intended to be a forecast of future events, a guarantee of future results,
or investment advice. The views expressed may differ from those of portfolio managers or of the Firm as a whole. Because the
analysts at GAMCO and our affiliates make individual investment decisions with respect to the client accounts that they manage,
these accounts may have transactions inconsistent with the information contained in this posting. These analysts may know the
substance of the posting prior to its posting. GAMCO and its affiliates do not receive compensation from the companies referenced
The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks
are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares,
they may be worth less than what you paid for them. Consequently, you can lose money be investing in the Fund.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
Investors should carefully consider the investment objectives, risks, charges and expenses
of the Fund before investing. The prospectus, which contains more complete information about this and other matters,
should be read carefully before investing.
For more information, a prospectus, or summary prospectus visit our website at: www.gabelli.com or call: 800-GABELLI
800-422-3554 • 914-921-5100 •
Fax: 914-921-5118 • firstname.lastname@example.org
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