Like the move that began in late 2015, it seems that
some of the junior miners per GDXJ have gotten the party going.
Not exact matches
In addition to such operating improvements, another source
of value improvement could be consolidation
of the
junior gold
miners via mergers or acquisitions, particularly by senior producers seeking to replenish their reserves.
THE level
of exploration activity being undertaken by
junior miners in Africa is increasing, with Burkina Faso in particular coming more into focus as a promising gold producer.
Sprott bought stocks in several
junior miners, two
of which — Kirkland Lake Gold and Newmarket Gold — merged to form a significant mid-market player in September 2016.
They also bought $ 25 - million (U.S.) worth
of call options on the Market Vectors
Junior Gold
Miners ETF (GDXJ), leveraging their position beyond the two million shares they already held in the ETF.
Iron ore
miner Pluton Resources has settled proceedings against
junior secured creditor Rizhao Port Group Logistics, which includes the removal
of receivers appointed by Rizhao in disputed circumstances last month.
Shares in
junior miner Excelsior Gold were pummelled today after the company's new board revealed the full extent
of operational issues at its flagship Kalgoorlie North mine.
The state government has extended its discounted charges at the Utah Point bulk handling facility by another year, to help
junior miners continue exporting iron ore, as debate around the sale
of the port continues.
Coupled with sinking commodity prices and general investor shyness around
junior miners, Ivanplats will have to convince investors to pry open their wallets for a piece
of a project with unknown potential located in the high - risk Congolese jungle.
Paul has investments in 23 other
miners — many
of them small Canadian risky «
juniors» — so it's doubtful he's doing much better with the rest
of the portfolio.
Junior gold
miners are supposed to be small cap stocks but this product has been transformed by the changes the fund provider has made into more
of a mid cap fund.
The $ 1.97 billion Market Vectors
Junior Gold
Miners ETF (NYSEArca: GDXJ) was also caught in the sell - off, tallying losses
of 9.15 percent on average daily trading volume that neared 3 million shares.
The VanEck Vectors
Junior Gold
Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance
of the MVIS Global
Junior Gold
Miners Index, which is intended to track the overall performance
of small - capitalization companies that are involved primarily in the mining for gold and / or silver.
For information regarding the investment objectives, strategies, liquidity, risks, expenses and fees
of the VanEck Vectors Gold
Miners ETF and VanEck Vectors
Junior Gold
Miners ETF, please refer to the prospectuses for those funds.
Safety / Fluctuations
of principal / return: Loss
of money is a risk
of investing in the U.S. Global GO GOLD and Precious Metal
Miners ETF (GOAU), VanEck Vectors Gold
Miners ETF (GDX) and VanEck Vectors
Junior Gold
Miners ETF (GDXJ).
Indeed, Klondex has managed to stay above the Market Vectors
Junior Gold
Miners ETF for the 12 - month period, delivering a positive return
of 7 percent versus the index's -7.5 percent.
They then test the strategy on each
of the triple / inverse triple (3X / -3 X) pairs associated with the following six base ETFs: Financial Select Sector SPDR (XLF: FAS / FAZ), Powershares QQQ (QQQ: TQQQ / SQQQ), iShares Russell 2000 Index (IWM: TNA / TZA), SPDR S&P 500 (SPY: UPRO / SPXU), VanEck Vectors
Junior Gold
Miners ETF (GDXJ: JNUG / JDST) and Energy Select Sector SPDR (XLE: ERX / ERY).
Holdings in the funds mentioned as a percentage
of net assets as
of 09/04/2014: Alamos Gold, Inc. (0.04 % World Precious Minerals Fund); Anadarko Petroleum Corp. (2.11 % Global Resources Fund); Argonaut Gold (0.00 %); AuRico Gold, Inc. (1.85 % in Gold and Precious Metals Fund, 0.41 % World Precious Minerals Fund); B2Gold Corp. (0.00 %); Canadian Natural Resources, Ltd. (1.59 % Global Resources Fund); Cimarex Energy Co. (1.80 % Global Resources Fund); Detour Gold Corp. (0.00 %); Deutsche Bank (0.00 %); Devon Energy Corp. (1.82 % Global Resources Fund); JUMBO S.A. (0.00 %); Klondex Mines, Ltd. (7.76 % Gold and Precious Metals Fund, 7.51 % World Precious Minerals Fund, 1.22 % Global Resources Fund); Market Vectors
Junior Gold
Miners ETF (0.16 % Gold and Precious Metals Fund, 0.17 % World Precious Minerals Fund); Peyto Exploration & Development Corp. (1.31 % Global Resources Fund); Primero Mining Corp. (0.05 % Gold and Precious Metals Fund, 0.02 % World Precious Minerals Fund); Suncor Energy, Inc. (2.13 % Global Resources Fund); Tsakos Energy Navigation, Ltd. (0.00 %); Türk Telekom (0.00 %); Turkcell (1.79 % Emerging Europe Fund).
One
of the main reasons we're so fond
of the stock is that in 2013, when the Market Vectors
Junior Gold
Miners Index was down 61 percent, Klondex was up 28 percent.
The two main ETFs we trade are SPDR Gold Trust ($ GLD), which tracks the price
of spot gold futures, and
Junior Gold
Miners ($ GDXJ), which is comprised
of a basket
of smaller gold mining stocks.
BREAKING THROUGH
Junior miners prefer semimobile equipment, such as the Bradford Breaker, owing to its low capital cost and ease
of transport
Similarly, I plunged into the
junior gold
miners ETFs in late 2015 by way
of the GDXJ, and within eight months, it had advanced 170 %.
12th October 2017 This week: Chamber
of Mines stands by its decision to boycott gala dinner; Rip up charter, provide tax incentives, back
junior miners, says Maimane And, ANC will heed Joburg Indaba call for removal
of Minerals Minister, says Mkhize →
The TSX Venture is up 4.1 %, the GDXJ (
Junior Gold
Miners ETF) is up 3.9 %, and the HUI (Basket
of Unhedged Gold Stocks) is up 8.0 %.
Look at this two - year chart
of VanEck Vectors
Junior Gold
Miners ETF (GDXJ) that I have owned since mid-late-2015 at an average entry point
of around $ 17.
I do hold VanEck Vectors
Junior Gold
Miners ETF (GDXJ), which may hold some
of the companies mentioned in this article.
Jay Taylor talks about some
of the
junior gold
miners that he likes and gives details why he believe they have value.
The outgoing managing director
of much - hyped graphite play Syrah Resources says he does not have the skills to oversee the company's transition from
junior explorer to an operating
miner.
This volatility is the result
of last week's announcement that the composition
of the MVIS Global
Junior Gold
Miners Index (MVGDXJTR) will change to allow for the inclusion
of larger...
Holdings in the Gold and Precious Metals Fund (USERX), World Precious Minerals Fund (UNWPX) and Global Resources Fund (PSPFX) as a percentage
of net assets as
of 6/30/2014: Atico Mining Corp. (USERX 1.03 %, UNWPX 0.52 %)-RRB-; Avala Resources Ltd. 0.00 %; Barrick Gold Corp. (PSPFX 0.02 %); Coeur Mining Inc. (USERX 0.24 %, UNWPX 0.24 %); Comstock Mining Inc. (USERX 3.57 %, UNWPX 2.12 %); Detour Gold Corp. (USERX 4.94 %, UNWPX 1.85 %); Dunav Resources Corp. 0.00 %; Dundee Precious Metals Inc. (PSPFX 0.49 %, USEX 5.15 %, UNWPX 3.16 %); Fortuna Silver Mines Inc. (USERX 1.14 %, UNWPX 0.36 %); Franco - Nevada Corp. (PSPFX 2.21 %, USERX 2.45 %, UNWPX 1.16 %); Fresnillo Plc 0.00 %; Goldcorp Inc. (USERX 0.07 %, UNWPX 0.07 %); Gran Colombia Gold Corp. (PSPFX 3.20 %, USERX 5.54 %, UNWPX 6.54 %); Kinross Gold Corp. (USERX 0.14 %, UNWPX 0.05 %); Klondex Mines Ltd. (PSPFX 1.34 %, USERX 6.58 %, UNWPX 6.60 %); Market Vectors
Junior Gold
Miners ETF (USERX 0.55 %, UNWPX 0.55 %); Newmont Mining Corp. (PSPFX 0.01 %, USERX 0.12 %, UNWPX 0.11 %); Northern Star Resources Ltd. (USERX 2.50 %, UNWPX 0.24 %); Orex Minerals Inc. (UNWPX 1.27 %); Osisko Mining Corp. 0.00 %; Pretium Resources Inc. (UNWPX 3.07 %); Randgold Resources Ltd. (USERX 2.09 %, UNWPX 1.34 %); Royal Gold Inc. (PSPFX 2.18 %, USERX 3.14 %, UNWPX 0.91 %); Sabina Gold & Silver Corp. 0.00 %; SEMAFO Inc. (USERX 3.27 %, UNWPX 1.13 %); Virginia Mines Inc. (UNWPX 5.48 %)
This is a risky bet: the
junior miner gets to be «associated» with TSLA through an agreement; and as lithium prices rise, TSLA (and other battery manufacturers) hope that lithium producers will be forced back to the bargaining table for fear
of losing market share to incipient
junior producers.
Unfortunately,
junior miners are often in need
of cash based solely on inferred resources, which are really just someone's «best guess»
of what happens to be in the ground at the time.
His more bullish gold outlook is based on seasonality patterns, the long - term basing pattern
of gold, and the leading movements
of junior gold
miners (via GDXJ):
The volatile nature
of commodity prices adds to the risk
of stocks and funds in this category, which invest in higher risk, less liquid stocks, such as small oil and gas companies and
junior miners.
The investment seeks daily investment results, before fees and expenses,
of 300 %
of the inverse (or opposite)
of the performance
of the Market VectorsTM Global
Junior Gold
Miners Index.
4 The Market Vectors
Junior Gold
Miners EFT (GDXJ) attempts to replicate the price and yield performance
of the Market Vectors
Junior Gold
Miners Index.
The «Market Vectors ™ Global
Junior Gold
Miners Index» is the exclusive property
of Market Vectors Index Solutions GmbH («Market Vectors»).
The Market Vectors Global
Junior Gold
Miners Index includes companies that generate at least 50 %
of their revenues from (or, in certain circumstances, have at least 50 %
of their assets related to) gold mining and / or silver mining or have mining projects with the potential to generate at least 50 %
of their revenues from gold and / or silver when developed.
The investment seeks investment results that, before fees and expenses, correspond generally to the price and yield performance
of the ISE
Junior Silver (Small Cap
Miners / Explorers) Index.
This is seen in the high level
of dividends paid out pre-2009 (almost unique among the
junior miners), while since 2009 I would consider that management have righted the ship as quickly and efficiently as possible.
It had been almost two years since their employers,
junior miner Solid Gold Resources Corp., received instructions from the Crown to contact the band for consultation over its plans for a 22,000 - hectare patch
of unpatented mining claims, and none had occurred.
But Smitheman says it's unfair to expect
junior miners to invest large sums in consultation ahead
of exploratory work, in the same way a larger, more established company might.