GAMCO Global Gold, Natural Resources & Income Trust (GGN)
The GAMCO Global Gold, Natural Resources & Income Trust is a United States-domiciled closed-end equity investment vehicle, launched on January 4, 2005, by GAMCO Investors, Inc. and overseen by Gabelli Funds, LLC. This fund primarily allocates capital to publicly traded companies across global markets. Its investment focus centers on firms within the gold sector—spanning exploration, mining, fabrication, processing, distribution, trading, and related financial or operational services—as well as a broad spectrum of natural resources. These include entities engaged in the exploration, production, or distribution of commodities such as petroleum, natural gas, agricultural products, timber, paper, and various metals and minerals, alongside associated transportation and equipment manufacturing businesses. The fund incorporates call options into its investment methodology. Its performance is evaluated against multiple benchmarks: the CBOE S&P 500 Buy/Write Index, the Philadelphia Gold & Silver Index, the Energy Select Sector Index, and the Barclays Government/Credit Bond Index.
Industry: Asset Management - Income
GAMCO Global Gold, Natural Resources & Income Trust
NYSE:GGNFinancial Services · Asset Management - Income
-0.97%$5.09
AH Close$5.15+1.18%vs close
AH Close$5.15+1.18%vs close
Mkt Cap$795.18M
Float156.22M
O/S156.22M
Inst Own17.5%
SI0.1%
Div Yield7.17%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$106.73M
Net Income$315.03M
Total Assets$1.02B
Free Cash Flow$0
Debt & Equity
Debt 2%
Equity 91%
Preferred 7%
Total Debt$19.67M
Total Equity$936.79M
Preferred Stock$77.05M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GGN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.02B
Liabilities$83.07M
Accounts Receivable$942K
Accounts Payable$58K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $106.73M | $43.36M | $79.23M | $55.72M | $44.54M | $87.24M | $108.72M | -$88.08M | $56.81M | $130.52M | -$125.72M | -$172.22M | -$183.03M | $18.87M | -$125.34M | $195.77M |
| YoY Growth | 146.1% | -45.3% | 42.2% | 25.1% | -48.9% | -19.8% | -223.4% | -255.1% | -56.5% | -203.8% | -27.0% | -5.9% | -1070.1% | -115.1% | -164.0% | - |
| Cost of Revenue | $8.99M | $21K | $7.91M | $7.87M | $8.05M | $8.55M | $8.11M | $8.53M | $9.37M | $9.13M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $97.73M | $43.36M | $71.32M | $47.85M | $36.49M | $78.68M | $100.62M | -$96.61M | $47.44M | $121.39M | -$125.72M | -$172.22M | -$183.03M | $18.87M | -$125.34M | $195.77M |
| Gross Margin | 91.6% | 100.0% | 90.0% | 85.9% | 81.9% | 90.2% | 92.5% | 109.7% | 83.5% | 93.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $952K | $941K | $1.18M | $1.19M | $1.49M | $1.12M | $1.19M | $1.31M | $1.3M | $1.4M | $1.28M | $1.56M | $1.31M | $1.57M | $1.61M | $1.23M |
| Other | -$216.99M | $284K | $357K | $258K | $91K | -$1.12M | $226K | $146K | $93K | $31K | $18K | $22K | $31K | $29K | $293K | $142K |
| Total Operating Expenses | -$216.99M | $1.23M | $1.53M | $1.45M | $1.58M | $0 | $1.42M | $1.45M | $1.39M | $1.43M | $1.3M | $1.58M | $1.34M | $1.6M | $1.91M | $1.37M |
| Operating Income (EBIT) | $314.72M | $42.13M | $74.98M | $54.28M | $42.96M | $28.03M | $107.31M | -$89.54M | $55.46M | $129.1M | -$127.02M | -$173.8M | -$184.37M | $17.27M | -$127.24M | $194.4M |
| Operating Margin | 294.9% | 97.2% | 94.6% | 97.4% | 96.5% | 32.1% | 98.7% | 101.6% | 97.6% | 98.9% | 101.0% | 100.9% | 100.7% | 91.5% | 101.5% | 99.3% |
| Interest Expense | $14K | $21K | $5K | $2K | $395 | $742 | $125 | $330 | $37K | $14K | $429 | $3K | $764 | $102 | $4K | $4K |
| Interest Income | $22.98M | $5.32M | $6.32M | $2.59M | $304K | $1.17M | $2.76M | $2.71M | $2.66M | $2.46M | $952K | $698K | $627K | $966K | $957K | $3.39M |
| Other Income (Expense) | $310K | $4K | -$99K | -$10K | -$208K | $5K | $0 | -$330 | $67K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $315.03M | $42.13M | $74.78M | $54.28M | $42.96M | $28.04M | $107.31M | -$89.54M | $55.42M | $129.1M | -$127.02M | -$173.8M | -$184.37M | $17.27M | -$127.24M | $194.4M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $315.03M | $42.13M | $74.78M | $54.28M | $42.96M | $28.04M | $107.31M | -$89.54M | $55.42M | $129.1M | -$127.02M | -$173.8M | -$184.37M | $17.27M | -$127.24M | $194.4M |
| Net Income Margin | 295.2% | 97.2% | 94.4% | 97.4% | 96.5% | 32.1% | 98.7% | 101.6% | 97.6% | 98.9% | 101.0% | 100.9% | 100.7% | 91.5% | 101.5% | 99.3% |
| Supplementary Data | ||||||||||||||||
| EPS | 1.99 | 0.29 | 0.49 | 0.32 | 0.25 | 0.15 | 0.66 | -0.66 | 0.41 | 1.18 | -1.13 | -1.44 | -1.77 | 0.10 | -1.69 | 3.36 |
| Diluted EPS | 1.99 | 0.29 | 0.49 | 0.32 | 0.25 | 0.15 | 0.66 | -0.63 | 0.41 | 1.18 | -1.09 | -1.44 | -1.77 | 0.10 | -1.69 | 3.36 |
| Weighted Average OS | 156.22M | 131.70M | 143.96M | 154.16M | 154.16M | 156.12M | 155.86M | 136.13M | 124.43M | 105.62M | 112.65M | 120.56M | 104.34M | 106.95M | 75.34M | 55.91M |
| EBITDA | $315.04M | $42.13M | $74.88M | $54.28M | $42.96M | $28.03M | $107.55M | -$89.24M | $55.35M | $129.22M | $0 | $0 | $0 | $0 | -$127.24M | $0 |
| EBITDA Margin | 295.2% | 97.2% | 94.5% | 97.4% | 96.5% | 32.1% | 98.9% | 101.3% | 97.4% | 99.0% | - | - | - | - | 101.5% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $13 | $0 | $3K | $412K | $32K | $1.28M | $10K | $33K | $2K | $2K | $289K | $265K | $3K | $410K | $0 | $6.78M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $13 | $0 | $3K | $412K | $32K | $1.28M | $10K | $33K | $2K | $2K | $289K | $265K | $3K | $410K | $0 | $6.78M |
| Accounts Receivable | $942K | $5.83M | $5.96M | $16.98M | $1.43M | $4.15M | $993K | $19.94M | $976K | $1.34M | $766K | $532K | $866K | $1.29M | $8.92M | $11.05M |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$10.77M | $0 | $0 | $0 | $1.63M | -$28.2M | -$20.71M | -$4.81M | -$6.09M | $0 | $0 |
| Other Current Assets | -$17K | -$5.83M | $14K | -$8K | -$2K | $10.76M | -$12K | $4.04M | $5K | $36.05M | $28.2M | $20.71M | $4.81M | $6.09M | $0 | $0 |
| Total Current Assets | $942K | $5.85M | $5.98M | $17.39M | $1.46M | $5.43M | $993K | $19.97M | $978K | $1.34M | $1.05M | $797K | $869K | $1.7M | $8.92M | $17.83M |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $995.45M | $688.4M | $704.75M | $702.03M | $714.15M | $764.7M | $804.07M | $725.24M | $872.7M | $905.77M | $681.6M | $944.31M | $1.18B | $1.48B | $1.22B | $1.18B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $23.46M | $214K | $8.82M | $725.16M | $726.72M | $0 | $0 | -$725.24M | -$872.7M | -$905.77M | -$681.6M | -$944.31M | -$1.18B | -$1.48B | -$1.22B | -$1.18B |
| Total Long-Term Assets | $1.02B | $688.62M | $713.57M | $702.03M | $714.15M | $764.7M | $804.07M | $725.24M | $872.7M | $905.77M | $681.6M | $944.31M | $1.18B | $1.48B | $1.22B | $1.18B |
| Other Assets | $0 | $0 | $0 | $6.15M | $11.14M | $10.99M | $6.51M | $4.2M | $198K | $36.26M | $28.46M | $20.88M | $4.89M | $6.1M | $977K | $155K |
| Total Assets | $1.02B | $694.47M | $719.55M | $725.58M | $726.75M | $781.12M | $811.57M | $749.42M | $873.87M | $943.37M | $711.12M | $965.99M | $1.19B | $1.49B | $1.23B | $1.19B |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $58K | $54K | $473K | $2.84M | $7.95M | $22.35M | $60K | $45.71M | $1.14M | $28.54M | $355K | $5.13M | $241K | $21.56M | $1.25M | $17.14M |
| Short-Term Debt | $19.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.36M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.18M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$936K | -$3.06M | -$746K | $3.88M | -$672K | -$5.59M | -$11.65M | -$57.59M | -$2.02M | -$30.71M | -$1.08M | -$6.02M | -$2M | -$22.84M | -$1.35M | -$17.17M |
| Total Current Liabilities | $19.67M | $54K | $473K | $2.84M | $7.95M | $22.35M | $60K | $45.71M | $1.14M | $28.54M | $355K | $5.13M | $241K | $21.56M | $1.25M | $17.14M |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $0 | $7 | $0 | $0 | $19K | $0 | $0 | $259K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $63.4M | $14.76M | $106.46M | $125.41M | $29.53M | $0 | $0 | -$259K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $63.4M | $14.76M | $106.46M | $125.41M | $29.55M | $68.14M | $52.46M | $93.94M | $45.22M | $88.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $122.57M | $21.6M | -$22.35M | -$60K | -$45.71M | -$1.14M | -$27.18M | $19.65M | $137.96M | $36.91M | $162.93M | $125M | $174.27M |
| Total Liabilities | $83.07M | $14.81M | $106.93M | $128.25M | $37.5M | $68.14M | $52.46M | $93.94M | $45.22M | $90.3M | $19.65M | $137.96M | $36.91M | $162.93M | $125M | $174.27M |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $77.05M | $77.66M | $83.49M | $85.41M | $86.5M | $86.5M | $86.65M | $87.11M | $87.91M | $88.77M | $89.72M | $92.51M | $94.69M | $98.89M | $0 | $0 |
| Common Stock | $1.04B | $1.06B | $1.1B | $1.14B | $1.19B | $1.24B | $1.31B | $1.31B | $1.38B | $1.45B | $1.41B | $1.51B | $1.56B | $1.56B | $0 | $0 |
| Retained Earnings | -$175.72M | -$459.44M | -$484.83M | -$545.18M | -$584.3M | -$615.32M | -$634.81M | -$737.42M | -$38K | -$784K | $337K | -$95K | -$1.16M | -$4.23M | -$23.9M | -$25.14M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$737.42M | -$638.9M | -$121.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $77.05M | $77.66M | $83.49M | $85.47M | $86.5M | $86.5M | $86.65M | $87.11M | -$550.99M | -$593.55M | -$718.09M | -$678.97M | -$407.48M | -$225.89M | $1.13B | $1.05B |
| Total Equity | $936.79M | $679.65M | $696.1M | $682.8M | $689.25M | $712.97M | $759.11M | $655.48M | $828.65M | $853.08M | $691.47M | $828.03M | $1.15B | $1.33B | $1.11B | $1.02B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.02B | $694.47M | $803.03M | $811.05M | $726.75M | $781.12M | $811.57M | $749.42M | $873.87M | $943.37M | $711.12M | $965.99M | $1.19B | $1.49B | $1.23B | $1.19B |
| Supplementary Data | ||||||||||||||||
| Total Debt | $19.67M | $7 | $0 | $0 | $19K | $0 | $0 | $259K | $0 | $1.36M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $19.67M | $7 | -$3K | -$412K | -$14K | -$1.28M | -$10K | $226K | -$2K | $1.36M | -$289K | -$265K | -$3K | -$410K | $0 | -$6.78M |
Cash Flow Statement
| Period | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | |||||||||||
| Net Income | $54.28M | $42.96M | $28.04M | $107.31M | -$89.54M | $55.42M | $129.1M | -$127.02M | -$173.8M | -$184.37M | $17.27M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$54.28M | -$42.96M | -$28.04M | -$107.31M | $89.54M | -$55.42M | -$129.1M | $127.02M | $173.8M | $184.37M | -$17.27M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $23K | $0 | -$2.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $32K | $10K | $10K | $2.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $412K | $32K | $10K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |