Maple Gold Mines Ltd V.MGM

Fidelity adds in MGM

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Fidelity Advisor Gold Adds New Gold, Cuts Gold Fields

(Bloomberg) -- 

Fidelity Advisor Gold Fund added New Gold Inc. to its investments and boosted its holdings in Northern Star Resources Ltd. in October, according to data analyzed by Bloomberg.

The fund's disclosed holdings fell 3.7% in value to $2.37 billion. Steve Calhoun manages the fund.

Highlights:

• Reduced Gold Fields Ltd.

• Newmont Corp. was the biggest investment, representing 13% of disclosed assets

Four new buys:

• New Gold: 6 million shares valued at $12.2 million
• Maple Gold Mines Ltd.: 18.2 million valued at $6.96 million, representing 6.8% of shares outstanding
• Major Drilling Group International Inc.: 1 million valued at $4.89 million, representing 1.2% of shares outstanding
• Gatos Silver Inc.: 637,702 valued at $4.27 million, representing 1.1% of shares outstanding

Five increased holdings:

• Northern Star: 1 million shares, up 13% to 8.5 million valued at $89.8 million, representing 1.1% of shares outstanding
• Premier Gold Mines Ltd.: 2 million, up 20% to 12 million valued at $24.7 million, representing 5.1% of shares outstanding
• Kirkland Lake Gold Ltd.: 200,000, up 15% to 1.5 million valued at $68.3 million
• Battle North Gold Corp.: 3 million, up 50% to 9 million valued at $12.3 million, representing 7% of shares outstanding
• Centerra Gold Inc.: 500,000, up 25% to 2.5 million valued at $21.8 million

Six decreased holdings, including:

• Gold Fields: 2.5 million shares, down 38% to 4 million valued at $43.3 million
• Barrick Gold Corp.: 250,000, down 2.3% to 10.8 million valued at $287.4 million
• AngloGold Ashanti Ltd.: 500,000, down 20% to 2 million valued at $46.1 million
• Newmont Corp.: 200,000, down 4% to 4.8 million valued at $301.6 million
• Sibanye Stillwater Ltd.: 3.5 million, down 32% to 7.5 million valued at $22.1 million

Top holdings:

• Newmont Corp: down 200,000, to 4.8 million shares valued at $301.6 million
• Barrick Gold Corp.: down 250,000, to 10.8 million valued at $287.4 million
• Franco-Nevada Corp.: unchanged at 1.4 million valued at $190.8 million
• Wheaton Precious Metals Corp.: unchanged at 3.5 million valued at $160.6 million
• Agnico Eagle Mines Ltd.: unchanged at 1.9 million valued at $150.4 million

Fidelity Advisor Gold returned 32% in the past year, outperforming the 31% return of its benchmark, S&P Global BMI Gold Capped 20/45. The fund returned 18% on an annualized basis over the past five years.