NEW YORK, NY--(Marketwire - October 17, 2007) - Midas Fund (
NASDAQ:
MIDSX) announced today the
top ten largest holdings of the Fund. The current top ten holdings comprise
approximately 44% of total assets, and all Fund holdings are subject to
change. The list of holdings was current as of September 30, 2007, and as
such no assurance can be made that the portfolio's current composition is
the same as listed below.
1. Golden Cycle Gold Corporation (GCGC)
2. Agnico-Eagle Mines Ltd. (AEM)
3. Randgold Resources Ltd. (GOLD)
4. Lihir Gold Ltd. (LIHR)
5. Gold Fields Ltd. (GFI)
6. Impala Platinum Holdings Ltd. (IMPUY)
7. Pan American Silver Corp. (PAAS)
8. Miramar Mining Corp. (MNG)
9. Eldorado Gold Corp. (EGO)
10. Kinross Gold Corp. (KGC)
Midas Fund invests in companies involved in mining, processing,
fabricating, distributing or otherwise dealing in natural resources, such
as gold, silver, platinum and other ferrous, non-ferrous and strategic
metals, hydrocarbons, real estate, food products or other basic
commodities. The Fund seeks capital appreciation and protection against
inflation and, secondarily, current income.
The portfolio information should not be considered as a recommendation to
purchase or sell a particular security and there is no assurance that any
securities will remain in or out of the Fund.
ABOUT MIDAS FUND
Midas Fund is a mutual fund managed by Midas Management Corporation, a
subsidiary of Winmill & Co. Incorporated (
PINKSHEETS:
WNMLA). Winmill & Co.
is engaged in stock market and gold investing through its investment
management through subsidiaries of equity and gold mutual funds. To learn
more about Midas Funds, visit
www.MidasFunds.com.
The Fund is subject to industry concentration risk, which is the risk that
the Fund's performance can be significantly affected by the developments in
the precious metals and natural resources industries. Resource mining by
its nature involves significant risks and hazards to which this Fund is
exposed. Even when a resource mineralization is discovered, there is no
guarantee that the economically minable reserves will result. Mining
exploration can last over a number of years, incur substantial costs, and
not lead to any new commercial mining. Investments related to gold, silver,
platinum and other natural resources are considered speculative, can be
significantly affected by developments in the precious metals and resource
industries, and are linked to the prices of gold and other natural
resources. Their prices can be influenced by a variety of global economic,
financial and political factors and may fluctuate substantially over short
periods of time and be more volatile than other types of investments.
Economic, political, or other conditions affecting one or more of the major
sources of gold, silver, platinum and other natural resources could have a
substantial effect on supply and demand in countries throughout the world.
Additionally, the majority of such producers are in a limited number of
countries.
One of Midas' guiding principles is that we will communicate with our
shareholders as candidly as possible because we believe shareholders
benefit from understanding our investment philosophy and approach. Our
views and opinions regarding the prospects of our portfolio holdings, Funds
and the economy are "forward looking statements" which may or may not be
accurate and may be materially different over future periods. We disclaim
any obligation to update or alter any forward looking statements, whether
as a result of new information, future events, or otherwise. You should not
place undue reliance on forward looking statements, which speak only as of
the date of this release.
Distributed by Investor Service Center, Inc., FINRA member.
Contact Information: Media Contact:
Tony Tiller
212 480 6432, ext. 281