Paulson leaves stake in gold unchanged in 3rd qtr -filing (updated)

Seabridge Gold

14/11/2017 22:42

(Recasts first sentence with North Korea concerns helping to 
boost prices, adds details from filing) 
    NEW YORK, Nov 14 (Reuters) - Paulson & Co left its stake in 
gold investments unchanged in the third quarter, as concerns 
about North Korea's nuclear weapons helped lift bullion prices 
to a 13-month high, a U.S. Securities and Exchange Commission 
filing showed on Tuesday. 
    New York-based Paulson & Co, led by longtime gold bull John 
Paulson, kept its stake in SPDR Gold Trust  GLD.P  at 4.36 
million shares with a value of $530 million at the end of 
September, up from a value of $514.5 million the prior quarter, 
the 13F filing showed. 
    SPDR Gold Trust is the world's biggest gold exchange-traded 
fund. 
    Paulson also left stakes unchanged in AngloGold Ashanti Ltd 
 ANGJ.J  and NovaGold Resources Inc  NG.TO , though their value 
declined versus the end of the second quarter. Stakes in IAMGOLD 
Corp  IMG.TO , RandGold Resources Ltd  RRS.L , and Seabridge 
Gold Inc  SEA.TO  were also unchanged but their value rose. 
 
 (Reporting by Marcy Nicholson; Editing by Tom Brown and Matthew 
Lewis) 
 ((Marcy.Nicholson@thomsonreuters.com)(+1 646 223 6043)(Reuters 
Messaging: marcy.nicholson.thomsonreuters.com@reuters.net)) 
 
Keywords: INVESTMENT FUNDS/GOLD