1
Gabelli
Gold
Fund,
Inc.
Schedule
of
Investments
—
March
31,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
99.7%
Metals
and
Mining
—
99.7%
Asia/Pacific
Rim
—
17.9%
5,071,429
Bellevue
Gold
Ltd.†
..................................
$
6,229,542
5,613,637
De
Grey
Mining
Ltd.†
................................
4,627,530
3,050,000
Evolution
Mining
Ltd.
...............................
7,115,366
2,000,000
Gold
Road
Resources
Ltd.
........................
2,059,214
2,189,126
Northern
Star
Resources
Ltd.
....................
20,642,091
1,145,000
Perseus
Mining
Ltd.,
Australia
..................
1,604,200
4,450,000
Perseus
Mining
Ltd.,
Toronto
....................
6,373,334
17,736,651
RTG
Mining
Inc.,
CDI†
..............................
254,278
3,071,042
Westgold
Resources
Ltd.
..........................
5,243,261
54,148,816
Europe
—
4.2%
1,000,000
Centamin
plc
............................................
1,424,967
551,960
Endeavour
Mining
plc
...............................
11,214,012
12,638,979
North
America
—
76.5%
240,204
Agnico
Eagle
Mines
Ltd.,
New
York
...........
14,328,169
235,859
Agnico
Eagle
Mines
Ltd.,
Toronto
..............
14,063,956
22,675
Alamos
Gold
Inc.,
New
York,
Cl. A
.............
334,456
775,250
Alamos
Gold
Inc.,
Toronto,
Cl. A
...............
11,429,436
910,000
Artemis
Gold
Inc.†
...................................
5,455,096
325,000
Aya
Gold
&
Silver
Inc.†
.............................
2,797,608
978,275
Barrick
Gold
Corp.
....................................
16,278,496
175,000
Collective
Mining
Ltd.†
.............................
516,777
106,479
Contango
ORE
Inc.†
.................................
2,113,608
785,000
Dundee
Precious
Metals
Inc.
.....................
5,969,141
810,000
Eldorado
Gold
Corp.†
...............................
11,396,700
147,700
Franco-Nevada
Corp.
................................
17,599,040
1,425,000
K92
Mining
Inc.†
......................................
6,627,662
1,980,000
Karora
Resources
Inc.†
............................
7,425,640
1,925,000
Kinross
Gold
Corp.
...................................
11,800,250
585,000
Lundin
Gold
Inc.
.......................................
8,222,952
95,533
MAG
Silver
Corp.†
....................................
1,010,739
70,000
MAG
Silver
Corp.,
New
York†
...................
740,600
115,000
MAG
Silver
Corp.,
Toronto†
......................
1,213,207
692,748
Newmont
Corp.
........................................
24,828,088
244,999
Osisko
Development
Corp.†
......................
522,718
566,860
Osisko
Gold
Royalties
Ltd.
........................
9,302,940
1,640,000
Osisko
Mining
Inc.†
..................................
3,365,841
100,000
Pan
American
Silver
Corp.
........................
1,508,000
1,500,000
Probe
Gold
Inc.†
......................................
1,727,511
85,000
Royal
Gold
Inc.
.........................................
10,353,850
425,000
Rupert
Resources
Ltd.†
............................
1,116,976
60,000
Triple
Flag
Precious
Metals
Corp.
..............
867,000
1,630,000
Troilus
Gold
Corp.†
..................................
613,709
745,833
Victoria
Gold
Corp.†
.................................
3,645,059
1,656,000
Wesdome
Gold
Mines
Ltd.†
......................
12,335,492
1,800,000
Western
Copper
&
Gold
Corp.†
.................
2,750,729
Shares
Market
Value
408,000
Wheaton
Precious
Metals
Corp.
................
$
19,229,040
231,490,486
South
Africa
—
1.1%
220,000
Gold
Fields
Ltd.,
ADR
...............................
3,495,800
TOTAL
COMMON
STOCKS
..................
301,774,081
WARRANTS
—
0.0%
Metals
and
Mining
—
0.0%
North
America
—
0.0%
15,000
Contango
ORE
Inc.,
expire
05/09/26†
........
89,929
250,000
Marathon
Gold
Corp.,
expire
09/19/24†
.....
9,211
24,999
Osisko
Development
Corp.,
expire
03/02/27†
.............................................
787
TOTAL
WARRANTS
..........................
99,927
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
0.3%
$
870,000
U.S.
Treasury
Bills,
5.279%
to
5.292%††,
06/20/24
to
06/27/24
............................
859,488
TOTAL
INVESTMENTS
—
100.0%
(Cost
$194,347,894)
.............................
$
302,733,496
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CDI
CHESS
(Australia)
Depository
Interest