Chris Mancini, CFA on Business News Network - September 29, 2015

 

Champagne in short supply at gold get-togethers

September 29, 2015 - 6:54 minutes

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Business News Network, Canada

 


Chris Mancini is a Research Analyst for Gabelli Gold Fund.

The above webcast is an excerpt from a Business News Network broadcast that aired on September 29, 2015. 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 September 30, 2015, affiliates of GAMCO Investors, Inc. owned 1.98% of Osisko Gold Royalties Ltd, 1.57% of Randgold Resources Ltd., 1.56% of Royal Gold Inc., 1.19% of Detour Gold, and less than 1% of AngloGold Ashanti Ltd, Silver Wheaton Corp and Franco Nevada Corporation. As of June 30, 2015 The Gabelli Gold Fund owned 320,900 shares of Randgold Resources Ltd. (representing 12.40% of the fund), 295,700 shares of Franco Nevada Corporation as well as 87,500 warrants (representing 8.5% of the fund), 159,000 shares of Royal Gold Inc (representing 5.7% of the fund), 570,000 shares of Detour Gold (representing 3.8% of the fund), 501,200 shares of AngloGold Ashanti Limited (representing 2.6% of the fund), 200,000 shares of Silver Wheaton Corp (representing 2.0% of the fund), and 246,860 shares of Osisko Gold Royalties Ltd. (representing 1.8% 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 herein.

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