UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21698

GAMCO Global Gold, Natural Resources & Income Trust

(Exact name of registrant as specified in charter)

One Corporate Center
Rye, New York 10580-1422

(Address of principal executive offices) (Zip code)

John C. Ball
Gabelli Funds, LLC
One Corporate Center
Rye, New York 10580-1422

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-422-3554

Date of fiscal year end: December 31

Date of reporting period: June 30, 2025

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

(a)

Include a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1).

The Report to Shareholders is attached herewith.

GAMCO Global Gold, Natural Resources & Income Trust

Semiannual Report — June 30, 2025

(Y)our Portfolio Management Team


	Caesar M. P. Bryan		Vincent Hugonnard-Roche

To Our Shareholders,

For the six months ended June 30, 2025, the net asset value (NAV) total return of the GAMCO Global Gold, Natural Resources & Income Trust (the Fund) was 21.8%, compared with total returns of (1.3)% and 51.0% for the Chicago Board Options Exchange (CBOE) Standard & Poor’s (S&P) 500 Buy/Write Index and the Philadelphia Gold & Silver Index (XAU), respectively. The total return for the Fund’s publicly traded shares was 21.5%. The Fund’s NAV per share was $4.52, while the price of the publicly traded shares closed at $4.39 on the NYSE American. See page 3 for additional performance information.

Enclosed are the financial statements, including the schedule of investments, as of June 30, 2025.

Investment Objective and Strategy (Unaudited)

The GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and primary objective. Under normal market conditions, the Fund will attempt to achieve its objectives by investing 80% of its assets in equity securities of companies principally engaged in the gold and natural resource industries, and by writing covered call options on the underlying equity securities.

As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website (www.gabelli.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. To elect to receive all future reports on paper free of charge, please contact your financial intermediary, or, if you invest directly with the Fund, you may call 800-422-3554 or send an email request to info@gabelli.com.

Performance Discussion (Unaudited)

In the first half of 2025, gold and gold equities benefitted from policy changes of the new presidential administration. The primary catalysts for gold’s strength remain a combination of persistent global financial uncertainty, escalating tariff threats, and widespread geopolitical tensions. Macroeconomic factors, including a weakening U.S. dollar and persistent inflation, further bolstered gold’s appeal. The oil sector continues to be oversupplied, but pricing has fluctuated, primarily based on geopolitical dynamics, with WTI dropping 8.9%. Refining margins continue their lower trend, while the U.S. and OPEC saw an expected increase in production.

Top contributors to the portfolio all benefitted from the surge in gold price, and included Newmont Corporation (4.5% of total investments as of June 30, 2025), which reported strong first quarter results and saw record free cash flow further supported by aggressive asset divesture and strong debt reduction; Kinross Gold Corporation (3.7%), the Canadian gold and silver miner which saw performance gains driven by robust operational results and improved financial health; and Ludin Gold Inc. (no longer held), which saw sustained momentum from increased infrastructure investment and a broadened regional exploration program.

Detractors from performance included companies with exposure to the energy sector. ONEOK, Inc. (1.1%), reported a significant earnings miss in the first quarter and saw additional pressure from mixed demand in the midstream energy sector; Halliburton Company (0.4%), experienced a dip in revenue and sluggish energy market activity; and ConocoPhillips (1.2%), which lowered full-year capex and operating cost guidance while reaffirming production outlook.

We appreciate your confidence and trust.

The views expressed reflect the opinions of the Fund’s portfolio managers and Gabelli Funds, LLC, the Adviser, as of the date of this report and are subject to change without notice based on changes in market, economic, or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

Comparative Results

Average Annual Returns through June 30, 2025 (a) (Unaudited)

	Six Months			1 Year			3 Year			5 Year			10 Year			15 Year			Since Inception (3/31/05)
GAMCO Global Gold, Natural Resources & Income Trust (GGN)
NAV Total Return (b)		21.77	%		22.10	%		18.39	%		12.40	%		6.79	%		3.40	%		3.61	%
Investment Total Return (c)		21.45			18.05			17.25			15.38			7.95			3.10			3.39
CBOE S&P 500 Buy/Write Index		(1.25	)		10.25			9.39			10.16			6.42			7.60			5.69
Bloomberg Government/Credit Bond Index		3.95			5.89			2.61			(0.83	)		1.92			2.45			3.28
Energy Select Sector Index		0.66			3.83			9.70			22.46			5.48			7.26			6.55
Philadelphia Gold & Silver Index		51.04			51.86			24.91			11.54			13.88			2.32			5.23

	(a)	Performance returns for periods of less than one year are not annualized. Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. The Fund’s use of leverage may magnify the volatility of net asset value changes versus funds that do not employ leverage. When shares are sold, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end. The CBOE S&P 500 Buy/Write Index is an unmanaged benchmark index designed to reflect the return on a portfolio that consists of a long position in the stocks in the S&P 500 Index and a short position in a S&P 500 (SPX) call option. The Bloomberg Government/Credit Bond Index is a market value weighted index that tracks the performance of fixed rate, publicly placed, dollar denominated obligations. The Energy Select Sector Index is an unmanaged indicator of stock market performance of large U.S. companies involved in the development or production of energy products. The Philadelphia Gold & Silver Index is an unmanaged indicator of the stock market performance of large North American gold and silver companies. Dividends and interest income are considered reinvested. You cannot invest directly in an index.
	(b)	Total returns and average annual returns reflect changes in the NAV per share and reinvestment of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is based on an initial NAV of $19.06.
	(c)	Total returns and average annual returns reflect changes in closing market values on the NYSE American and reinvestment of distributions. Since inception return is based on an initial offering price of $20.00.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.

Summary of Portfolio Holdings (Unaudited)

The following table presents portfolio holdings as a percent of total investments before options written as of June 30, 2025:

GAMCO Global Gold, Natural Resources & Income Trust

Long Positions
Metals and Mining	56.6	%
Energy and Energy Services	31.9	%
U.S. Government Obligations	11.5	%
	100.0	%

Short Positions
Call Options Written	(4.2	)%
Put Options Written	(0.1	)%
	(4.3	)%

The Fund files a complete schedule of portfolio holdings with the Securities and Exchange Commission (the SEC) for the first and third quarters of each fiscal year on Form N-PORT. Shareholders may obtain this information at www.gabelli.com or by calling the Fund at 800-GABELLI (800-422-3554). The Fund’s Form N-PORT is available on the SEC’s website at www.sec.gov and may also be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.

Proxy Voting

The Fund files Form N-PX with its complete proxy voting record for the twelve months ended June 30, no later than August 31 of each year. A description of the Fund’s proxy voting policies, procedures, and how each Fund voted proxies relating to portfolio securities is available without charge, upon request, by (i) calling 800-GABELLI (800-422-3554); (ii) writing to The Gabelli Funds at One Corporate Center, Rye, NY 10580-1422; or (iii) visiting the SEC’s website at www.sec.gov.

GAMCO Global Gold, Natural Resources & Income Trust

Schedule of Investments — June 30, 2025 (Unaudited)

Shares			Cost		Market Value
		COMMON STOCKS — 86.1%
		Energy and Energy Services — 31.9%
	67,800	APA Corp.	$	1,347,186	$	1,240,062
	171,700	Baker Hughes Co.		8,075,246		6,582,978
	233,400	BP plc, ADR(a)		9,767,782		6,985,662
	177,100	Chevron Corp.(a)		30,308,514		25,358,949
	111,530	ConocoPhillips(a)		13,396,188		10,008,702
	128,500	Coterra Energy Inc.		3,749,911		3,261,330
	101,200	Devon Energy Corp.		6,895,892		3,219,172
	33,700	Diamondback Energy Inc.		6,603,408		4,630,380
	329,000	Eni SpA		5,863,221		5,332,627
	101,300	EOG Resources Inc.		13,428,684		12,116,493
	127,200	EQT Corp.		6,375,246		7,418,304
	44,000	Expand Energy Corp.		5,235,340		5,145,360
	437,083	Exxon Mobil Corp.(a)		51,713,588		47,117,547
	156,800	Halliburton Co.(a)		6,359,358		3,195,584
	29,700	Hess Corp.		4,426,774		4,114,638
	401,600	Kinder Morgan Inc.(a)		11,126,624		11,807,040
	64,000	Marathon Petroleum Corp.(a)		10,678,396		10,631,040
	74,000	Occidental Petroleum Corp.(a)		4,946,114		3,108,740
	115,000	ONEOK Inc.		11,670,434		9,387,450
	74,900	Phillips 66(a)		10,483,338		8,935,570
	235,200	Schlumberger NV(a)		14,385,443		7,949,760
	286,100	Shell plc, ADR(a)		20,468,231		20,144,301
	104,600	Suncor Energy Inc.		4,311,496		3,917,270
	42,100	Targa Resources Corp.		7,609,326		7,328,768
	221,100	The Williams Companies Inc.		12,762,081		13,887,291
	207,600	TotalEnergies SE, ADR(a)		13,880,741		12,744,564
	57,600	Valero Energy Corp.(a)		9,189,608		7,742,592
				305,058,170		263,312,174
		Metals and Mining — 54.2%
	50,100	Agnico Eagle Mines Ltd.(a)		5,306,326		5,958,393
	774,000	Alamos Gold Inc., Cl. A(a)		14,048,030		20,557,440
	318,900	Anglogold Ashanti plc		10,912,914		14,532,273
	200,000	Aris Mining Corp.†		994,513		1,346,796
	515,000	Artemis Gold Inc.†		6,227,980		9,367,762
	180,000	Aya Gold & Silver Inc.†		1,002,541		1,619,240
	588,300	Barrick Mining Corp.(a)		14,481,160		12,248,406
	4,605,131	Bellevue Gold Ltd.†		4,467,337		2,727,780
	382,100	BHP Group Ltd., ADR(a)		24,133,910		18,375,189
	1,466,000	Discovery Silver Corp.†		2,779,338		3,208,137
	669,600	Dundee Precious Metals Inc.		7,583,886		10,758,838
	504,500	Eldorado Gold Corp.†(a)		7,659,330		10,261,530
	702,600	Endeavour Mining plc		15,665,735		21,664,897
	717,010	Equinox Gold Corp.†		4,147,373		4,138,571
	418,000	Equinox Gold Corp.†		2,855,503		2,403,500
	2,015,000	Evolution Mining Ltd.		4,981,360		10,330,882

Shares			Cost		Market Value
	105,300	Franco-Nevada Corp.(a)	$	16,539,014	$	17,260,776
	516,200	Freeport-McMoRan Inc.(a)		24,005,914		22,377,270
	583,500	G Mining Ventures Corp.†		4,658,459		7,618,601
	550,000	Glencore plc		3,173,834		2,141,059
	227,600	Gold Fields Ltd., ADR		3,904,772		5,387,292
	2,273,055	Gold Road Resources Ltd.		2,458,875		4,891,956
	660,500	IAMGOLD Corp.†		4,357,527		4,854,675
	1,092,500	K92 Mining Inc.†		9,575,604		12,322,967
	1,974,000	Kinross Gold Corp.		24,767,512		30,853,620
	355,600	Lundin Gold Inc.		8,297,771		18,775,576
	632,800	Newmont Corp.(a)		37,376,664		36,866,928
	2,770,276	Northern Star Resources Ltd.		27,764,572		33,821,420
	476,667	OceanaGold Corp.		5,254,362		6,727,765
	463,000	Orla Mining Ltd.†		4,567,230		4,639,260
	214,000	Pan American Silver Corp.		5,205,104		6,077,600
	3,910,294	Perseus Mining Ltd.		5,034,614		8,750,104
	324,000	Rio Tinto plc, ADR(a)		25,686,300		18,898,920
	65,000	Royal Gold Inc.		9,562,445		11,559,600
	540,000	Victoria Gold Corp.†(b)		3,980,954		0
	682,500	Wesdome Gold Mines Ltd.†		7,916,342		9,507,637
	4,910,826	Westgold Resources Ltd.		1,857,092		9,276,013
	275,850	Wheaton Precious Metals Corp.(a)		18,708,888		24,771,330
				381,901,085		446,880,003
		TOTAL COMMON STOCKS		686,959,255		710,192,177

Principal Amount
		CONVERTIBLE CORPORATE BONDS — 0.2%
		Metals and Mining — 0.2%
$	2,250,000	Allied Gold Corp., 8.750%, 09/07/28(c)	2,228,766	2,025,000

		CORPORATE BONDS — 2.2%
		Energy and Energy Services — 0.0%
	245,000	Devon Energy Corp., 4.500%, 01/15/30	227,829	242,522

		Metals and Mining — 2.2%
	2,250,000	AngloGold Ashanti Holdings plc, 3.750%, 10/01/30	2,001,479	2,100,988
	2,250,000	Freeport-McMoRan Inc., 4.125%, 03/01/28	2,159,376	2,220,636
	2,000,000	Hecla Mining Co., 7.250%, 02/15/28	1,997,131	2,017,102
	2,000,000	IAMGOLD Corp., 5.750%, 10/15/28(c)	2,000,000	1,983,101
	3,700,000	Kinross Gold Corp., 6.250%, 07/15/33(c)	3,659,747	3,980,295

See accompanying notes to financial statements.

GAMCO Global Gold, Natural Resources & Income Trust

Schedule of Investments (Continued) — June 30, 2025 (Unaudited)

Principal Amount			Cost		Market Value
		CORPORATE BONDS (Continued)
		Metals and Mining (Continued)
$	5,250,000	Northern Star Resources Ltd., 6.125%, 04/11/33(c)	$	5,194,055	$	5,476,768
				17,011,788		17,778,890
		TOTAL CORPORATE BONDS		17,239,617		18,021,412

		U.S. GOVERNMENT OBLIGATIONS — 11.5%
	95,690,000	U.S. Treasury Bills, 4.211% to 4.332%††, 07/17/25 to 11/20/25(d)		94,989,455		94,984,079

TOTAL INVESTMENTS BEFORE OPTIONS WRITTEN — 100.0%			$	801,417,093		825,222,668

OPTIONS WRITTEN — (4.3)%
(Premiums received $29,919,627)						(35,842,142	)

Other Assets and Liabilities (Net)						(7,322,226	)

PREFERRED SHARES
(3,089,426 preferred shares outstanding)						(77,235,650	)

NET ASSETS — COMMON SHARES
(156,058,582 common shares outstanding)					$	704,822,650

NET ASSET VALUE PER COMMON SHARE ($704,822,650 ÷ 156,058,582 shares outstanding)					$	4.52

(a)	Securities, or a portion thereof, with a value of $207,044,721 were deposited with the broker as collateral for options written.
(b)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)	At June 30, 2025, $14,000,000 of the principal amount was pledged as collateral for options written.
†	Non-income producing security.
††	Represents annualized yields at dates of purchase.

ADR	American Depositary Receipt

Geographic Diversification	% of Total Investments*			Market Value
Long Positions
North America		75.3	%	$	621,639,972
Europe		12.7			104,545,292
Asia/Pacific		11.3			93,650,112
South Africa		0.7			5,387,292
Total Investments — Long Positions		100.0	%	$	825,222,668

Short Positions
North America		(4.3	)%	$	(35,692,666	)
Europe		(0.0	)**		(149,476	)
Total Investments — Short Positions		(4.3	)%	$	(35,842,142	)

	*	Total investments exclude options written.
	**	Amount represents greater than (0.05)%.

As of June 30, 2025, options written outstanding were as follows:

Description	Counterparty	Number of Contracts	Notional Amount		Exercise Price		Expiration Date	Market Value
OTC Call Options Written — (4.1)%
Agnico Eagle Mines Ltd.	Pershing LLC	278	USD	3,306,254	USD	107.50	07/18/25	$	333,301
Agnico Eagle Mines Ltd.	Pershing LLC	223	USD	2,652,139	USD	122.00	09/19/25		147,400
Alamos Gold Inc., Cl. A	Pershing LLC	3,050	USD	8,100,800	USD	21.50	07/18/25		1,573,866
Anglogold Ashanti plc	Pershing LLC	410	USD	1,868,370	USD	45.00	11/21/25		228,478
Anglogold Ashanti plc	Pershing LLC	780	USD	3,554,460	USD	47.00	12/19/25		397,641
Anglogold Ashanti plc	Pershing LLC	988	USD	4,502,316	USD	52.00	02/20/26		444,279
APA Corp.	Pershing LLC	678	USD	1,240,062	USD	23.50	07/18/25		506
Baker Hughes Co.	Pershing LLC	510	USD	1,955,340	USD	45.00	07/18/25		361
Baker Hughes Co.	Pershing LLC	597	USD	2,288,898	USD	45.00	09/19/25		17,258
Baker Hughes Co.	Pershing LLC	610	USD	2,338,740	USD	41.00	11/21/25		113,466
Barrick Mining Corp.	Pershing LLC	2,921	USD	6,081,522	USD	21.00	07/18/25		131,360
Barrick Mining Corp.	Pershing LLC	916	USD	1,907,112	USD	22.00	09/19/25		72,320
Barrick Mining Corp.	Pershing LLC	2,046	USD	4,259,772	USD	25.00	11/21/25		109,901
BHP Group Ltd., ADR	Pershing LLC	1,240	USD	5,963,160	USD	52.50	07/18/25		8,612
BHP Group Ltd., ADR	Pershing LLC	1,081	USD	5,198,529	USD	52.50	09/19/25		62,274
BHP Group Ltd., ADR	Pershing LLC	1,500	USD	7,213,500	USD	53.00	11/21/25		174,564
BP plc, ADR	Pershing LLC	767	USD	2,295,631	USD	32.00	08/15/25		21,703
BP plc, ADR	Pershing LLC	760	USD	2,274,680	USD	32.00	10/17/25		55,651
BP plc, ADR	Pershing LLC	403	USD	1,206,179	USD	35.00	12/19/25		16,613

See accompanying notes to financial statements.

GAMCO Global Gold, Natural Resources & Income Trust

Schedule of Investments (Continued) — June 30, 2025 (Unaudited)

Description	Counterparty	Number of Contracts	Notional Amount		Exercise Price		Expiration Date	Market Value
Chevron Corp.	Pershing LLC	509	USD	7,288,371	USD	160.00	07/18/25	$	3,695
Chevron Corp.	Pershing LLC	504	USD	7,216,776	USD	160.00	10/17/25		98,255
Chevron Corp.	Pershing LLC	545	USD	7,803,855	USD	151.00	11/21/25		263,292
Chevron Corp.	Pershing LLC	213	USD	3,049,947	USD	148.00	01/16/26		160,518
ConocoPhillips	Pershing LLC	410	USD	3,679,340	USD	110.00	07/18/25		358
ConocoPhillips	Pershing LLC	390	USD	3,499,860	USD	105.00	09/19/25		28,892
ConocoPhillips	Pershing LLC	315	USD	2,826,810	USD	100.00	11/21/25		86,770
Coterra Energy Inc.	Pershing LLC	685	USD	1,738,530	USD	29.50	07/18/25		613
Coterra Energy Inc.	Pershing LLC	600	USD	1,522,800	USD	26.50	10/17/25		65,531
Devon Energy Corp.	Pershing LLC	506	USD	1,609,586	USD	37.50	10/17/25		33,753
Devon Energy Corp.	Pershing LLC	506	USD	1,609,586	USD	40.00	12/19/25		36,184
Diamondback Energy Inc.	Pershing LLC	145	USD	1,992,300	USD	171.00	08/15/25		3,465
Diamondback Energy Inc.	Pershing LLC	112	USD	1,538,880	USD	158.00	10/17/25		36,749
Diamondback Energy Inc.	Pershing LLC	80	USD	1,099,200	USD	172.50	12/19/25		21,383
Dundee Precious Metals Inc.	Pershing LLC	2,670	CAD	5,841,960	CAD	19.00	07/18/25		568,014
Dundee Precious Metals Inc.	Pershing LLC	1,540	CAD	3,369,520	CAD	19.00	10/17/25		360,425
Dundee Precious Metals Inc.	Pershing LLC	2,486	CAD	5,439,368	CAD	19.00	12/19/25		646,305
Eldorado Gold Corp.	Pershing LLC	2,550	USD	5,186,700	USD	22.00	09/19/25		260,535
Endeavour Mining plc	Pershing LLC	2,400	CAD	10,077,600	CAD	37.00	07/18/25		927,757
Endeavour Mining plc	Morgan Stanley	2,400	CAD	10,077,600	CAD	42.00	09/19/25		417,393
Endeavour Mining plc	Pershing LLC	2,226	CAD	9,346,974	CAD	46.00	11/21/25		302,053
Eni SpA	Morgan Stanley	289	EUR	1,988,320	EUR	13.70	08/15/25		70,794
Eni SpA	Morgan Stanley	190	EUR	1,307,200	EUR	14.00	10/17/25		40,264
Eni SpA	Morgan Stanley	179	EUR	1,231,520	EUR	15.50	12/19/25		10,836
EOG Resources Inc.	Pershing LLC	333	USD	3,983,013	USD	145.00	08/15/25		3,651
EOG Resources Inc.	Pershing LLC	300	USD	3,588,300	USD	125.00	10/17/25		126,964
EOG Resources Inc.	Pershing LLC	380	USD	4,545,180	USD	130.00	12/19/25		178,312
EQT Corp.	Pershing LLC	380	USD	2,216,160	USD	50.00	08/15/25		338,983
EQT Corp.	Pershing LLC	494	USD	2,881,008	USD	50.00	10/17/25		507,136
EQT Corp.	Pershing LLC	398	USD	2,321,136	USD	60.00	12/19/25		208,517
Equinox Gold Corp.	Pershing LLC	3,520	USD	2,024,000	USD	7.50	10/17/25		74,085
Expand Energy Corp.	Pershing LLC	220	USD	2,572,680	USD	130.00	09/19/25		44,198
Expand Energy Corp.	Pershing LLC	220	USD	2,572,680	USD	130.00	11/21/25		86,656
Exxon Mobil Corp.	Pershing LLC	1,150	USD	12,397,000	USD	120.00	07/18/25		6,865
Exxon Mobil Corp.	Pershing LLC	1,315	USD	14,175,700	USD	120.00	09/19/25		122,522
Exxon Mobil Corp.	Pershing LLC	1,338	USD	14,423,640	USD	115.00	11/21/25		426,463
Exxon Mobil Corp.	Pershing LLC	567	USD	6,112,260	USD	110.00	01/16/26		364,080
Franco-Nevada Corp.	Pershing LLC	400	USD	6,556,800	USD	130.00	07/18/25		1,375,101
Franco-Nevada Corp.	Pershing LLC	333	USD	5,458,536	USD	160.00	09/19/25		377,542
Freeport-McMoRan Inc.	Pershing LLC	1,720	USD	7,456,200	USD	45.00	08/15/25		275,065
Freeport-McMoRan Inc.	Pershing LLC	1,720	USD	7,456,200	USD	41.00	10/17/25		830,664
Freeport-McMoRan Inc.	Pershing LLC	1,722	USD	7,464,870	USD	45.00	12/19/25		650,613
G Mining Ventures Corp.	Pershing LLC	2,135	CAD	3,796,030	CAD	20.00	07/18/25		15,075
G Mining Ventures Corp.	Pershing LLC	2,135	CAD	3,796,030	CAD	24.00	10/17/25		32,324
Glencore plc	Morgan Stanley	275	GBP	779,900	GBp	310.00	09/19/25		27,582
Gold Fields Ltd., ADR	Pershing LLC	850	USD	2,011,950	USD	20.00	07/18/25		321,165
Gold Fields Ltd., ADR	Pershing LLC	320	USD	757,440	USD	20.00	09/19/25		136,877
Gold Fields Ltd., ADR	Pershing LLC	340	USD	804,780	USD	24.00	11/21/25		85,862
Gold Fields Ltd., ADR	Pershing LLC	420	USD	994,140	USD	26.00	11/21/25		75,150
Halliburton Co.	Pershing LLC	500	USD	1,019,000	USD	26.00	08/15/25		2,526
Halliburton Co.	Pershing LLC	518	USD	1,055,684	USD	26.00	10/17/25		13,158
Halliburton Co.	Pershing LLC	550	USD	1,120,900	USD	26.00	12/19/25		27,882

See accompanying notes to financial statements.

GAMCO Global Gold, Natural Resources & Income Trust

Schedule of Investments (Continued) — June 30, 2025 (Unaudited)

Description	Counterparty	Number of Contracts	Notional Amount		Exercise Price		Expiration Date	Market Value
Hess Corp.	Pershing LLC	92	USD	1,274,568	USD	155.00	08/15/25	$	8,823
Hess Corp.	Pershing LLC	105	USD	1,454,670	USD	145.00	10/17/25		71,568
Hess Corp.	Pershing LLC	100	USD	1,385,400	USD	145.00	12/19/25		85,549
IAMGOLD Corp.	Pershing LLC	2,000	USD	1,470,000	USD	7.00	11/21/25		249,926
K92 Mining Inc.	Morgan Stanley	3,425	CAD	5,260,800	CAD	12.50	07/18/25		720,819
K92 Mining Inc.	Morgan Stanley	4,000	CAD	6,144,000	CAD	14.50	10/17/25		513,163
K92 Mining Inc.	Pershing LLC	3,500	CAD	5,376,000	CAD	19.00	12/19/25		113,937
Kinder Morgan Inc.	Pershing LLC	1,366	USD	4,016,040	USD	27.50	09/19/25		333,831
Kinder Morgan Inc.	Pershing LLC	1,350	USD	3,969,000	USD	30.00	11/21/25		184,932
Kinder Morgan Inc.	Pershing LLC	1,300	USD	3,822,000	USD	30.00	01/16/26		225,490
Kinross Gold Corp.	Pershing LLC	7,000	USD	10,941,000	USD	14.00	08/15/25		1,392,036
Kinross Gold Corp.	Pershing LLC	5,990	USD	9,362,370	USD	17.00	10/17/25		581,419
Kinross Gold Corp.	Pershing LLC	6,750	USD	10,550,250	USD	16.50	12/19/25		1,015,598
Lundin Gold Inc.	Pershing LLC	1,136	CAD	8,167,840	CAD	41.50	08/15/25		2,560,971
Lundin Gold Inc.	Pershing LLC	1,260	CAD	9,059,400	CAD	75.00

SEC Form N-CSRS filed by GAMCO Global Gold Natural Resources & Income Trust