# EDGAR Filing Document

**Accession Number:** 0000923459
**File Stem:** 0000940400-25-012022
**Filing Date:** 2025-11
**Character Count:** 32206
**Document Hash:** 196d9ce3eceea50aa92e36e0908bb997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012022.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-012022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gabelli Gold Fund, Inc.
- **CENTRAL INDEX KEY:** 0000923459

**ORGANIZATION NAME:**
- **EIN:** 133770370
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08518
- **FILM NUMBER:** 251535972

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580-1434
- **BUSINESS PHONE:** 8004223554

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580-1434

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAMCO GOLD FUND, INC
- **DATE OF NAME CHANGE:** 20070411

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GABELLI GOLD FUND INC
- **DATE OF NAME CHANGE:** 19940519

## Series and Classes Contracts Data

### GABELLI GOLD FUND INC (Series ID: S000001068)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002878 | CLASS A      | GLDAX           |
| C000002879 | CLASS AAA    | GOLDX           |
| C000002881 | CLASS C      | GLDCX           |
| C000034312 | CLASS I      | GLDIX           |

## Nport-Ex

#### Gabelli

#### Gold

#### Fund,

#### Inc.

#### Schedule

#### of

#### Investments

#### —

#### September

#### 30,

#### 2025
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### —

#### 99.4%

#### Metals

#### and

#### Mining

#### —

#### 99.4%

#### Asia/Pacific

#### Rim

#### —

#### 18.9%
327,117

Anglogold

Ashanti

plc

...............................

$

23,006,139

5,500,000

Bellevue

Gold

Ltd.†

..................................

4,167,056

1,950,000

Evolution

Mining

Ltd.

...............................

13,974,111

2,816,586

Northern

Star

Resources

Ltd.

....................

44,226,431

3,745,000

Perseus

Mining

Ltd.,

Australia

..................

12,142,526

9,605,264

Predictive

Discovery

Ltd.†

........................

2,764,774

2,800,000

Ramelius

Resources

Ltd.

..........................

7,188,709

1,537,500

Tolu

Minerals

Ltd.†

...................................

1,256,444

4,997,520

Westgold

Resources

Ltd.

..........................

14,579,242

3,071,042

Westgold

Resources

Ltd.

..........................

9,103,846

132,409,278

#### Europe

#### —

#### 6.6%
726,960

Endeavour

Mining

plc

...............................

30,536,812

275,000

Fresnillo

plc

.............................................

8,728,401

1,500,000

Hochschild

Mining

plc

..............................

7,169,662

46,434,875

#### North

#### America

#### —

#### 72.6%
42,204

Agnico

Eagle

Mines

Ltd.,

New

York

...........

7,113,906

235,859

Agnico

Eagle

Mines

Ltd.,

Toronto

..............

39,725,048

2,675

Alamos

Gold

Inc.,

New

York,

Cl. A

.............

93,251

775,250

Alamos

Gold

Inc.,

Toronto,

Cl. A

...............

27,022,618

3,700,000

Americas

Gold

&

Silver

Corp.†

..................

13,798,232

760,000

Aris

Mining

Corp.†

...................................

7,448,732

910,000

Artemis

Gold

Inc.†

...................................

23,859,955

225,000

Aya

Gold

&

Silver

Inc.†

.............................

2,602,932

515,275

Barrick

Mining

Corp.

................................

16,885,562

275,000

Collective

Mining

Ltd.†

.............................

3,993,497

126,479

Contango

ORE

Inc.†

.................................

3,153,122

2,650,000

Discovery

Silver

Corp.†

............................

9,825,393

755,000

DPM

Metals

Inc.

.......................................

16,736,186

625,000

Eldorado

Gold

Corp.†

...............................

18,056,250

1,100,000

Equinox

Gold

Corp.†

................................

12,342,000

717,500

Equinox

Gold

Corp.,

Toronto†

...................

8,037,526

4,000,000

Falco

Resources

Ltd.†

..............................

962,851

88,200

Franco-Nevada

Corp.

................................

19,631,899

753,125

G

Mining

Ventures

Corp.†

.........................

14,962,928

1,300,000

IAMGOLD

Corp.†

.....................................

16,809,000

1,390,000

K92

Mining

Inc.†

......................................

16,799,454

1,900,000

Kinross

Gold

Corp.

...................................

47,215,000

338,000

Lundin

Gold

Inc.

.......................................

21,899,447

1,650,000

Montage

Gold

Corp.†

...............................

8,026,514

687,748

Newmont

Corp.

........................................

57,984,034

516,666

OceanaGold

Corp.

....................................

11,029,781

600,000

Orla

Mining

Ltd.†

.....................................

6,480,000

200,000

Osisko

Development

Corp.†

......................

684,056

300,000

Pan

American

Silver

Corp.

........................

11,619,000

1,750,000

Probe

Gold

Inc.†

......................................

3,784,939

59,000

Royal

Gold

Inc.

.........................................

11,834,220

#### Shares

#### Market

#### Value
250,000

Sandstorm

Gold

Ltd.

................................

$

3,130,000

300,000

Snowline

Gold

Corp.†

...............................

2,392,757

100,000

Southern

Cross

Gold

Consolidated

Ltd.†

...

538,909

500,000

Thesis

Gold

Inc.†

.....................................

661,062

1,000,000

Troilus

Gold

Corp.†

..................................

912,553

895,833

Victoria

Gold

Corp.†(a)

.............................

626,000

Wesdome

Gold

Mines

Ltd.†

......................

9,751,872

1,800,000

Western

Copper

&

Gold

Corp.†

.................

3,569,735

260,000

Wheaton

Precious

Metals

Corp.

................

29,078,400

510,452,621

#### South

#### Africa

#### —

#### 1.3%
220,000

Gold

Fields

Ltd.,

ADR

...............................

9,231,200

#### Materials

#### —

#### 0.0%

#### North

#### America

#### —

#### 0.0%
25,000

Orla

Mining

Ltd.†

.....................................

269,634

#### TOTAL

#### COMMON

#### STOCKS

#### ..................
698,797,608

#### WARRANTS

#### —

#### 0.0%

#### Metals

#### and

#### Mining

#### —

#### 0.0%

#### North

#### America

#### —

#### 0.0%
15,000

Contango

ORE

Inc.,

expire

05/09/26†

........

39,739

2,000,000

Falco

Resources

Ltd.,

expire

04/16/27†

.....

158,080

24,999

Osisko

Development

Corp.,

expire

03/02/27†

.............................................

#### TOTAL

#### WARRANTS

#### ..........................
198,102

#### Principal

#### Amount

#### U.S.

#### GOVERNMENT

#### OBLIGATIONS

#### —

#### 0.6%
$

3,910,000

U.S.

Treasury

Bills,

3.885%

to

3.972%††,

12/04/25

to

12/26/25

............................

3,877,508

#### TOTAL

#### INVESTMENTS

#### —

#### 100.0%
(Cost

$255,526,643)

.............................

$

702,873,218

(a) Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Gabelli Gold Fund, Inc.

- **b. Investment Company Act file number:** 811-08518

- **c. CIK number of Registrant:** 0000923459

- **d. LEI of Registrant:** 5493006DZ1P7VIYZRM69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

**Item A.2. Information about the Series.**

- **a. Name of Series:** Gabelli Gold Fund Inc

- **b. EDGAR series identifier (if any):** S000001068

- **c. LEI of Series:** 5493006DZ1P7VIYZRM69

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $704886034.54

**Total Liabilities:** $3911764.01

**Net Assets:** $700974270.53

**Delayed Delivery Securities:** $919936.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002881 | -3.42%               | 22.29%               | 19.49%               |
| Class ID C000034312 | -3.33%               | 22.39%               | 19.58%               |
| Class ID C000002878 | -3.35%               | 22.35%               | 19.56%               |
| Class ID C000002879 | -3.35%               | 22.35%               | 19.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2452737.54              | $-18402016.00                              |
| Month 2  | $2200944.68              | $103123643.51                              |
| Month 3  | $3882857.77              | $108980837.31                              |

### Schedule of Portfolio Investments

| Name                                                  | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TREASURY BILL                                         | United States Treasury Bill                           | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1810000 | PA      | $1793353.03   | 0.26%             | 2025-12-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Contango ORE Inc                                      | Contango ORE Inc                                      | CUSIP: 21077F100<br>LEI: 254900PFYX4KDRISX581 | Long             | EC               | CORP              | US        |    126479 | NS      | $3153121.47   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                                       | Orla Mining Ltd                                       | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    600000 | NS      | $6480000.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| THESIS GOLD INC                                       | THESIS GOLD INC                                       | CUSIP: 883930109<br>LEI: 529900EDQ993Q6M6BH62 | Long             | EC               | CORP              | CA        |    500000 | NS      | $661062.01    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochschild Mining PLC                                 | Hochschild Mining PLC                                 | CUSIP: 000000000<br>LEI: 549300JK10TVQ3CCJQ89 | Long             | EC               | CORP              | PE        |   1500000 | NS      | $7169661.90   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                           | Northern Star Resources Ltd                           | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   2816586 | NS      | $44226430.51  | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowline Gold Corp                                    | Snowline Gold Corp                                    | CUSIP: 83342V104<br>LEI: 529900VVFSE66NAIST38 | Long             | EC               | CORP              | CA        |    300000 | NS      | $2392757.06   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Collective Mining Ltd                                 | Collective Mining Ltd                                 | CUSIP: 19425C100<br>LEI: 98450055FE5CF6E9J694 | Long             | EC               | CORP              | CA        |    275000 | NS      | $3993497.16   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                         | United States Treasury Bill                           | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $223118.33    | 0.03%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                                     | Kinross Gold Corp                                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |   1900000 | NS      | $47215000.00  | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                       | Alamos Gold Inc                                       | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |      2675 | NS      | $93250.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd                                    | Sandstorm Gold Ltd                                    | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |    250000 | NS      | $3130000.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                         | United States Treasury Bill                           | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1510000 | PA      | $1498564.27   | 0.21%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                              | Pan American Silver Corp                              | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    300000 | NS      | $11619000.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| G Mining Ventures Corp                                | G Mining Ventures Corp                                | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    753125 | NS      | $14962927.53  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp                          | Wheaton Precious Metals Corp                          | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    260000 | NS      | $29078400.00  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Artemis Gold Inc                                      | Artemis Gold Inc                                      | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |    910000 | NS      | $23859955.45  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                                 | Aya Gold & Silver Inc                                 | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    225000 | NS      | $2602931.67   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                                          | IAMGOLD Corp                                          | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |   1300000 | NS      | $16809000.00  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OSISKO DEVELOPMENT WRT P-PLACEMENT 3/2/27 7.60 STRIKE | OSISKO DEVELOPMENT WRT P-PLACEMENT 3/2/27 7.60 STRIKE | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     24999 | NS      | $282.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd                                | Wesdome Gold Mines Ltd                                | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    626000 | NS      | $9751871.81   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                | Agnico Eagle Mines Ltd                                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     42204 | NS      | $7113906.24   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                       | Alamos Gold Inc                                       | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    775250 | NS      | $27022618.02  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                     | Equinox Gold Corp                                     | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   1100000 | NS      | $12342000.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                | Agnico Eagle Mines Ltd                                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    235859 | NS      | $39725048.21  | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                     | Equinox Gold Corp                                     | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    717500 | NS      | $8037526.05   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                                       | Lundin Gold Inc                                       | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    338000 | NS      | $21899446.72  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tolu Minerals Ltd                                     | Tolu Minerals Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1537500 | NS      | $1256444.23   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                                         | Fresnillo PLC                                         | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |    275000 | NS      | $8728401.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                                | Westgold Resources Ltd                                | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   4997520 | NS      | $14579242.08  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd                                     | Bellevue Gold Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   5500000 | NS      | $4167055.75   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                                 | Discovery Silver Corp                                 | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |   2650000 | NS      | $9825393.40   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTANGO ORE INC WARRANT 05/09/26                     | CONTANGO ORE INC WARRANT 05/09/26                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $39739.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                                          | Newmont Corp                                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    687748 | NS      | $57984033.88  | 8.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                                    | Perseus Mining Ltd                                    | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   3745000 | NS      | $12142525.85  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Copper & Gold Corp                            | Western Copper & Gold Corp                            | CUSIP: 95805V108<br>LEI: 529900DF4NXAM6X99014 | Long             | EC               | CORP              | CA        |   1800000 | NS      | $3569734.86   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                                       | OceanaGold Corp                                       | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    516666 | NS      | $11029781.46  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Probe Gold Inc                                        | Probe Gold Inc                                        | CUSIP: 74290F100<br>LEI: 549300KN4JVFBY70QS60 | Long             | EC               | CORP              | CA        |   1750000 | NS      | $3784939.28   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                       | Gold Fields Ltd                                       | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    220000 | NS      | $9231200.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OSISKO DEVELOPMENT CORP                               | OSISKO DEVELOPMENT CORP                               | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |    200000 | NS      | $684055.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                                        | K92 Mining Inc                                        | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |   1390000 | NS      | $16799453.91  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                                | Ramelius Resources Ltd                                | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |   2800000 | NS      | $7188708.80   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                  | Evolution Mining Ltd                                  | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   1950000 | NS      | $13974111.45  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Cross Gold Consolidat                        | Southern Cross Gold Consolidated Ltd                  | CUSIP: 842685109<br>LEI: 2549004SP30Z0UWKH476 | Long             | EC               | CORP              | CA        |    100000 | NS      | $538909.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp                                      | Aris Mining Corp                                      | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |    760000 | NS      | $7448731.77   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DPM Metals Inc                                        | DPM Metals Inc                                        | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    755000 | NS      | $16736185.96  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Gold Corp                                     | Montage Gold Corp                                     | CUSIP: 61178L101<br>LEI: 9845004C6BCE77ACA795 | Long             | EC               | CORP              | CA        |   1650000 | NS      | $8026514.33   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TROILUS GOLD CORP                                     | TROILUS GOLD CORP                                     | CUSIP: 896887106<br>LEI: 529900ROF3ICFG84XJ17 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $912552.99    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                                   | Barrick Mining Corp                                   | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    515275 | NS      | $16885561.75  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                                       | Orla Mining Ltd                                       | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |     25000 | NS      | $269634.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FALCO RESOURCES LTD                                   | FALCO RESOURCES LTD                                   | CUSIP: 30606C108<br>LEI: 5299006U99RGRY0E9F15 | Long             | EC               | CORP              | CA        |   4000000 | NS      | $962851.19    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Predictive Discovery Ltd                              | Predictive Discovery Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   9605264 | NS      | $2764774.39   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                                  | Endeavour Mining PLC                                  | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    726960 | NS      | $30536812.24  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                           | Americas Gold & Silver Corp                           | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |   3700000 | NS      | $13798232.38  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                    | Eldorado Gold Corp                                    | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    625000 | NS      | $18056250.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria Gold Corp/Vancouver                          | Victoria Gold Corp/Vancouver                          | CUSIP: 92625W507<br>LEI: 9845005Q1367V3D4N057 | Long             | EC               | CORP              | CA        |    895833 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TREASURY BILL                                         | United States Treasury Bill                           | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    365000 | PA      | $362472.58    | 0.05%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Gold Inc                                        | Royal Gold Inc                                        | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     59000 | NS      | $11834220.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                 | Anglogold Ashanti Plc                                 | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |    327117 | NS      | $23006138.61  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                                    | Franco-Nevada Corp                                    | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     88200 | NS      | $19631899.12  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                                | Westgold Resources Ltd                                | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   3071042 | NS      | $9103846.04   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Gabelli Gold Fund, Inc.

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer