30 August 2016 - UK-based copper exploration and development company Galileo Resources Plc (LSE: GLR) has sold the Gabbs Gold-Copper Property in Nevada USA to a subsidiary of Waterton Precious Metals Fund
II Cayman, LP for USD 2.
an indirect wholly-owned subsidiary of the Company (Klondex USA), Waterton Nevada Splitter, LLC (Waterton Splitter) and Waterton Precious Metals Fund
II Cayman, LP (together with Waterton Splitter, Waterton) to acquire from Waterton Splitter, among other assets described below, the Hollister mine (the Hollister Mine) and the Esmeralda mine and ore milling complex (the Esmeralda Mine) located in Northern Nevada (the Acquisition).
Waterton Precious Metals Fund
II Cayman LP will buy Barrick's interest in the Spring Valley project and the Ruby Hill mine for $110 million in cash.
BMO GAM also claimed top honours for BMO Precious Metals Fund
- Series A: Best Mutual Fund in the Precious Metals Equity Space (over five years); BMO Mid Corporate Bond Index ETF: Best Fund in the Canadian Fixed Income Space (over three years) and BMO Junior Gas Index ETF: Best Fund in the Energy Equity Space (over three years).
The company has completed the sale through a USD10m Share Purchase Agreement with Waterton Nevada Splitter LLC, a portfolio company of Waterton Precious Metals Fund
II Cayman LP.
Replacing bonds with metals -- With the same stock percentage, you invest 40 percent in a precious metals fund
instead of bonds.
On the flip side, Birla Sun Life Global Precious Metals Fund
has given a return of only 0.
Through August 2011, the average precious metals fund
had an annualized return over 13% a year for the past five years, the best of all Morningstar categories.
We consider the current weakness in gold as temporary and also the slump in commodity prices should come to an end soon," said Kurt Hug, an investment adviser for the Antares Precious Metals Fund
While acknowledging it's a difficult industry in terms of not getting that leverage to the gold price, looking long term on a five year horizon, Steve Land, who co-manages the Franklin Gold and Precious Metals Fund
with Frederick Fromm, believes it is still a portfolio opportunity, though he points out that exposure to gold in any form should be 10 per cent or less.
The new FTIF Franklin Gold and Precious Metals Fund
seeks to achieve capital appreciation by investing at least 80 per cent of its net assets in companies around the world that mine, process or deal in gold and other precious metals such as platinum, palladium and silver.
ABA509) The Evergreen Precious Metals Fund
- Michael Bradshaw - Evergreen Investment Management.