Chris Mancini - Gabelli Gold Fund - Portfolio Research Analyst.
The above webcast is an excerpt from a Business News Network broadcast that aired on September 10, 2014. The webcast is made
available by Business News Network 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 June 30, 2014, affiliates of GAMCO Investors, Inc. owned 1.3% of Randgold Resources Ltd., 1.24% of Agnico Eagle Mines,
1.1% of Royal Gold, 1.38% of Newmont Mining, 1.35% of Eldorado Gold and less than 1% of B2Gold, Papillon, Yamana Gold, Barrick
Gold, Franco-Nevada, Fresnillo, and Goldcorp. The Gabelli Gold Fund owned 501,361 shares of Barrick Gold (representing 3.44% of
the fund), 1,500,000 shares of B2Gold (1.61% of the fund), 504,700 shares of Franco-Nevada (10.62% of the fund), 650,000 shares
of Papillon (less than 1% of the fund), 368,400 shares of Randgold Resources (11.86% of the fund), 987,525 shares of Yamana Gold
(2.99% of the fund), 553,433 shares of Agnico Eagle Mines (8.02% of the fund), 1,298,333 shares of Eldorado Gold (3.65% of the
fund), 543,800 shares of Goldcorp (5.56% of the fund), 390,871 shares of Newmont Mining (3.78% of the fund) and 167,000 shares of
Royal Gold (4.82% 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 may receive compensation
from the companies referenced herein or may be soliciting any company referenced herein as a client for their services.
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.
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. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
For more information or a prospectus, visit our website at: www.gabelli.com or call: 800-GABELLI
800-422-3554 • 914-921-5100 • Fax: 914-921-5118 • email@example.com
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