The Gold Standard Series: 2025 Gold Prices and Mining Dynamics with Lundin Gold CEO Ron Hochstein

Mobile World Congress (MWC) Barcelona 2025

About this Podcast

CEO Ron Hochstein joins Chris Mancini, CFA (Assistant Portfolio Manager, Gabelli Gold Fund) to discuss Lundin Gold, the development and impact of their Fruta del Norte mine in Ecuador, and the possibilities for investors in the gold industry. 0:00 – 2:20: Introduction

2:20 – 6:10: Ron’s Background and the Start of Lundin Gold

6:10 – 9:50: The Opportunity

9:50 – 14:30: Tax Regime and Why It Works

14:30 – 19:44: Community Relations

19:44 – 21:17: Lundin Foundation

21:17 – 24:50: Operating Culture

24:50 – 27:56: Exploration Upside

27:56 – 30:07: M&A Strategy

30:07 – 31:50: Other Lundin Companies

31:50 – : Q&A

To learn more about Gabelli Funds’ fundamental, research-driven approach to investing, visit https://m.gabelli.com/gtv_cu or email invest@gabelli.com. Connect with Gabelli Funds:• X – https://x.com/InvestGabelli• Instagram – https://www.instagram.com/investgabelli/ • Facebook – https://www.facebook.com/InvestGabelli • LinkedIn – https://www.linkedin.com/company/investgabelli/ http://www.Gabelli.com Invest with Us 1-800-GABELLI (800-422-3554)

 

Caesar Bryan is Portfolio Managerfor The Gabelli Gold Fund, The Gabelli International Growth Fund and TheGabelli International Small Cap Fund. Chris Mancini, CFA is an AssociatePortfolio Manager for The Gabelli Gold Fund.

As of March 31st, 2025, affiliates of GAMCO Investors, Inc.beneficially owned <1% of Lundin Gold.

The above webcast is an excerpt from GabelliTV that appeared on July 8th, 2025.

GAMCO is providing these links as a matter of general information. We do notintend for these links to be a complete description of any security or company,nor is it a research report with respect to any of the companies mentionedherein.

The Portfolio Managers’ views are subject to change at any time based on marketand other conditions. The information in this posting represents the opinionsof the Portfolio Managers and is not intended to be a forecast of futureevents, a guarantee of future results, or investment advice. Views expressedare those of the Portfolio Managers and may differ from those of other GAMCOofficers, Portfolio Managers, other employees, or of the Firm as a whole.Because the investment personnel at GAMCO and our affiliates make individualinvestment decisions with respect to the client accounts that they manage,these accounts may have transactions inconsistent with the informationcontained in this posting.

Investments related to gold and other precious metals and minerals areconsidered speculative and are affected by a variety of worldwide economic,financial, and political factors. Investing in foreign securities involvesrisks not ordinarily associated with investment in domestic issues. Fundsconcentrating in specific sectors may experience greater fluctuations in valuethan funds that are more diversified.

Investors should carefully considerthe investment objectives, risks, charges and expenses of the Fund beforeinvesting. The prospectus, which contains more complete information about thisand other matters, should be read carefully before investing. To obtain aprospectus, please call 800 GABELLI or visit www.gabelli.com

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