UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-04010
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OCM Mutual Fund
1536 Holmes Street
Livermore, CA 94550
(Address of principal executive offices)
OCM Mutual Fund
Attn: Greg Orrell
1536 Holmes Street
Livermore, CA 94550
(Name and address of agent for service)
Registrant's telephone number, including area code: (925) 455-0802
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Date of fiscal year end: November 30
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Date of reporting period: July 1, 2004 through June 30, 2005
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ITEM 1. PROXY VOTING RECORD
Company Name Ticker CUSIP Shareholder Matters Voted On Proposed By Was Vote Vote Cast For or Against
Symbol or Meeting Cast? Management
SEDOL Date
Number
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Wheaton River WHT 962902102 9/4/2004 Exchange offer Company Yes Abstain
Minerals Ltd.
Kirkland Lake KGI CN 49740P101 9/30/2004 Appoint auditor Company No
Gold Inc. Ratify stock option plan Company No
Authorize issuance of Company No
private placement of
40,858,738 shares
Harmony Gold Mining HMY 413216300 11/12/2004 Adopt 2003 financial Company Yes For For
Co. Ltd. statements
Fix reimbursement of Company Yes For For
directors
Increase authorized shares Company Yes Against Against
Grant authorization for Company Yes For For
repurchase of securities
Place balance of unissued Company Yes For For
securities of company
under control of directors
Authorize directors to Company Yes For For
issue securities for cash
Mexgold Resources MGRSF 592776108 10/20/2004 Elect directors Company Yes For For
Inc. Appoint auditor Company Yes For For
Grant options to Company Yes Abstain
directors, officers,
employees, consultants
Increase common shares Company Yes Abstain
Sub-Sahara SBS AU 6554460 10/20/2004 Elect directors Company Yes For For
Resources NL Issuance of shares to Company Yes For For
directors
Ratify placements of Company Yes For For
common shares
Approve increase in fees Company Yes For For
to non-executive directors
Adopt new constitution for Company Yes For For
company
Resolute Mining RSG AU 6410636 11/20/2004 Adopt financial statements Company Yes For For
Ltd. Re-elect director Company Yes For For
Ratify share placement Company Yes For For
Durban Roodeport DROOY 26152H103 11/26/2004 Elect directors Company Yes For For
Deep Ltd. Adopt financial statements Company Yes For For
Re-appoint auditors Company Yes For For
Place all unissued shares Company Yes For For
of company under Board of
Directors
Authorize allotment and Company Yes For For
issue ordinary shares to
directors
Approve issue of shares to Company Yes For For
directors
Approve up to 1,077,300 Company Yes Against Against
options to executive
directors
Ratify issue of equity Company Yes For For
securities
Change the name of company Company Yes For For
to DRDGOLD Ltd.
Approve and ratify Company Yes For For
allotment of share options
to non-executive directors
Company Name Ticker CUSIP Shareholder Matters Voted On Proposed By Was Vote Vote Cast For or Against
Symbol or Meeting Cast? Management
SEDOL Date
Number
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Kinross Gold KGC 496902206 11/26/2004 Approve ammendment of the Company Yes For For
Corporation Corporate Articles for
effecting consolidation/
deconsolidation of the
Corporation's common shares
Gold Boullion GOLD AU 6605528 12/7/2004 Elect director Company Yes For For
Securities Ltd.
Gold Fields Ltd. GFI 38059T106 12/7/2004 Authorize Board of Directors Company Yes For For
to perform necessary acts
to effect resolution
regarding transfer of
acquired interests in IAMGOLD
Gold Group
Goldcorp Inc. GG 380956409 1/31/2005 Approve the issuance to Company Yes Against Against
holders of common shares
convertible into common
shares of Wheaton River
Mineralsof up to
200,000,000 common shares
of Goldcorp
Goldcorp Inc. GG 380956409 2/10/2005 Appoint directors as Company Yes For For
proxyholder to vote and
give full power on
resolution to approve the
issuance to holders of
common shares convertible
into common shares of
Wheaton River Minerals of
an aggregate of
200,000,000 common shares
of Goldcorp in conjunction
with the offer by Goldcorp
to purchase all shares of
Wheaton River Minerals
Wheaton River WHT 962902102 2/10/2005 Receive one share Goldcorp Company Yes For For
Minerals Ltd. for every four shares of
Wheaton River Minerals
Sabina Resources SBB CN 78527D101 3/11/2005 Determine number of Company No
Ltd. directors
Elect directors Company No
Appoint auditors Company No
Approve option plan Company No
Compania De Minas BVN 204448104 3/15/2005 Approve financial Company Yes For For
Buenaventura statements
Approve auditor Company Yes For For
Amendment to Articles to Company Yes For For
hold virtual meetings
Elect directors Company Yes For For
Randgold Resources GOLD 752344309 4/25/2005 Adoption of directors Company Yes For For
Ltd. report and accounts
Re-election of directors Company Yes For For
Adoption of re-numeration Company Yes For For
report
Approve fees payable to Company Yes For For
directors
Appoint auditors Company Yes For For
Authorize purchase of Company Yes For For
shares for cash
Company Name Ticker CUSIP Shareholder Matters Voted On Proposed By Was Vote Vote Cast For or Against
Symbol or Meeting Cast? Management
SEDOL Date
Number
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Newmont Mining NEM 651639106 4/27/2005 Approve directors Company Yes For For
Ratify appointment of Company Yes For For
auditors
Approve 2005 stock Company Yes For For
incentive plan
Claude Resources CGR 182873109 4/27/2005 Election of directors Company Yes For For
Appoint auditor Company Yes For For
Pan American PAAS 697900108 4/28/2005 Approve directors Company Yes For For
Silver Corp Approve auditors Company Yes For For
Authorize directors to fix Company Yes For For
renumeration
Amend stock option plan Company Yes For For
Amend articles of the Company Yes For For
company
AngloGold Ashanti AU 035128206 4/29/2005 Adopt financial statements Company Yes For For
Ltd. Re-elect directors Company Yes For For
Placement of unissued Company Yes For For
shares under control of
directors
Authorization to issue Company Yes For For
shares for cash
Authority to acquire Company Yes For For
company's own shares
Approve long-term Company Yes For For
incentive plan
Approval of bonus shares Company Yes For For
plan
Placer Dome Inc. PDG 725906101 4/27/2005 Elect directors Company Yes For For
Appoint auditors Company Yes For For
El Dorado Gold EGO 284902103 4/28/2005 Elect directors Company Yes For For
Corp. Appoint auditors Company Yes For For
Approve increase of Company Yes For For
maximum shares issuable
pursuant to exercise of
options under company's
stock option plan
Yamana Gold Inc. AUY 98462Y100 5/3/2005 Elect directors Company Yes For For
Appoint auditors Company Yes For For
Authorize directors to fix Company Yes For For
their renumeration
Golden Star GSS 38119T104 5/5/2005 Change registered office Company Yes For For
Resources Ltd. of company from British
Columbia to Ontario
Appoint auditors Company Yes For For
Elect directors Company Yes For For
Freeport-McMoran FCX 35671D857 5/5/2005 Elect directors Company Yes For For
Copper & Gold Inc. Appoint auditors Company Yes For For
Stockholder proposal Stockholder Yes Against For
regarding majority vote
requirement to elect
directors
Stockholder proposal Stockholder Yes Against For
regarding policies
relating to financial
support of Indonesian
government security
personnel
Company Name Ticker CUSIP Shareholder Matters Voted On Proposed By Was Vote Vote Cast For or Against
Symbol or Meeting Cast? Management
SEDOL Date
Number
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Glamis Gold Ltd. GLG 376775102 5/5/2005 Elect directors Company Yes For For
Determine number of Company Yes For For
directors
Approve special resolution Company Yes For For
removing pre-existing
company provisions
Approve resolution Company Yes For For
regarding company's
preferred shares
Approve special resolution Company Yes For For
to adopt new articles
Authorize any director or Company Yes For For
officer of company to
implement special
resolutions
Agnico-Eagle AEM 008474108 5/6/2005 Elect directors Company Yes For For
Mines Ltd. Appoint auditors Company Yes For For
Reconfirm shareholder Company Yes For For
rights plan
Hecla Mining Co. HL 422704106 5/6/2005 Elect directors Company Yes For For
Approve amendment of Company Yes For For
corporation's stock option
plan
Wolfden Resources WLF CA 977752104 5/11/2005 Elect directors Company Yes For For
Inc. Appoint auditors Company Yes For For
Approve amendment to the Company Yes For For
share incentive plan
Cambior Inc. CBJ 13201L103 5/12/2005 Elect directors Company Yes For For
Appoint auditors Company Yes For For
Maximum number of common Company Yes For For
shares issuable under the
company's stock option plan
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
OCM Mutual Fund
/s/ Gregory M. Orrell
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Gregory M. Orrell
President
August 25, 2005