Meridian Mining added to VanEck junior gold miners ETF

Meridian Mining plc, a London-listed company trading on the TSX and OTCQX, will be added to the VanEck Junior Gold Miners ETF following its quarterly review and rebalancing, according to a press release. The ETF, which tracks small and mid-cap mining firms involved in gold and silver assets, will include Meridian Mining effective September 18 after markets close.

Meridian Mining's focus is on the Cabaçal VMS gold-copper project in Mato Grosso, Brazil. A pre-feasibility study published on March 31, 2025, indicated a base case after-tax net present value of $984 million and an internal rate of return of 61.2% from a pre-production capital cost of $248 million. The study made assumptions of gold prices at $2,119 per ounce, copper at $4.16 per pound, and silver at $26.89 per ounce.

The Cabaçal mineral reserve estimate includes 41.7 million tonnes of proven and probable reserves, with gold at 0.63 grams per tonne, copper at 0.44% and silver at 1.64 grams per tonne, at a cut-off grade of 0.25 grams per tonne gold equivalent. Meridian Mining's CEO, Gilbert Clark, noted that inclusion in the GDXJ ETF enhances the company's visibility as an investment opportunity and reflects progress on the Cabaçal Project.

The inclusion is expected to increase trading liquidity and attract institutional and retail investors.