Meridian Mining added to VanEck junior gold miners ETF
Meridian Mining plc, a gold mining company listed on the London Stock Exchange (LSE:MNO) and the Toronto Stock Exchange (TSX:MNO), will be added to the VanEck Junior Gold Miners ETF following the fund's quarterly review and rebalancing. The ETF, which tracks small and mid-capitalization companies involved in mining and developing gold and silver assets, will include Meridian Mining in its portfolio starting from the close of markets on September 18.
Meridian Mining is focused on the development of the Cabaçal VMS gold-copper project in Mato Grosso, Brazil, and a pre-feasibility study conducted in March 2025 estimated the project's base case after-tax net present value at $984 million with a 61.2% internal rate of return. CEO Gilbert Clark stated that inclusion in the GDXJ ETF would increase Meridian Mining's visibility as an investment opportunity and reflect the progression of the Cabaçal Project, while also improving trading liquidity and access to institutional and retail investors.
Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.