Maple Gold Mines Ltd V.MGM

Fidelity Continues to Add MGM

[Test1212]

(Bloomberg) -- 

Fidelity Advisor Gold Fund added Zijin Mining Group Co. Class H to its investments and boosted its holdings in Wesdome Gold Mines Ltd. in November, according to data analyzed by Bloomberg.

The fund's disclosed holdings fell 14% in value to $2.05 billion. Steve Calhoun manages the fund.

Highlights:

• Reduced Barrick Gold Corp.

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

Three new buys:

• Zijin Mining Class H: 25 million shares valued at $25 million
• Western Copper & Gold Corp.: 7.5 million valued at $9.59 million, representing 5.5% of shares outstanding
• Whitehorse Gold Corp.: 653,535 valued at $679,350, representing 1.5% of shares outstanding

Three increased holdings:

• Wesdome Gold Mines: 1 million shares, up 50% to 3 million valued at $26.3 million, representing 2.2% of shares outstanding
• Battle North Gold Corp.: 500,000, up 5.6% to 9.5 million valued at $13.2 million, representing 7.4% of shares outstanding
• Maple Gold Mines Ltd.: 1.81 million, up 9.9% to 20 million valued at $5.62 million, representing 7.5% of shares outstanding

17 decreased holdings, including:

• Barrick Gold: 750,000 shares, down 7% to 10 million valued at $229.5 million
• Wheaton Precious Metals Corp.: 350,000, down 10% to 3.15 million valued at $121.6 million
• Newmont Corp.: 300,000, down 6.3% to 4.5 million valued at $264.7 million
• Agnico Eagle Mines Ltd.: 150,000, down 7.9% to 1.75 million valued at $114.7 million
• AngloGold Ashanti Ltd.: 1 million, down 50% to 1 million valued at $21.4 million

Top holdings:

• Newmont Corp: down 300,000, to 4.5 million shares valued at $264.7 million
• Barrick Gold Corp.: down 750,000, to 10 million valued at $229.5 million
• Franco-Nevada Corp.: down 100,000, to 1.3 million valued at $173 million
• Wheaton Precious Metals Corp.: down 350,000, to 3.15 million valued at $121.6 million
• Agnico Eagle Mines Ltd.: down 150,000, to 1.75 million valued at $114.7 million

Fidelity Advisor Gold returned 28% in the past year, outperforming the 26% return of its benchmark, S&P Global BMI Gold Capped 20/45. The fund returned 19% on an annualized basis over the past five years.