Meridian Mining Added to VanEck Junior Gold Miners ETF
Meridian Mining plc (LSE: MNO, TSX: MNO, OTCQX: MRRDF) will be added to the VanEck Junior Gold Miners ETF (GDXJ) following the fund’s quarterly review and rebalancing announced on September 11. The inclusion will take effect after the market closes on September 18, according to a company statement.
The VanEck Junior Gold Miners ETF tracks small- and mid-cap companies involved in the exploration, development, and production of gold and silver assets. Inclusion in the ETF is expected to increase Meridian Mining’s visibility among investors and strengthen its position within the global precious metals sector.
Meridian Mining is advancing the Cabaçal VMS gold-copper project in Mato Grosso, Brazil. According to the project’s pre-feasibility study technical report dated March 31, 2025, Cabaçal has an estimated after-tax net present value (NPV) of $984 million and an internal rate of return (IRR) of 61.2%, based on pre-production capital expenditures of $248 million.
The study was prepared using long-term metal price assumptions of $2,119 per ounce of gold, $4.16 per pound of copper, and $26.89 per ounce of silver.
Cabaçal’s mineral reserve estimate includes 41.7 million tonnes of proven and probable reserves, grading 0.63 grams per tonne of gold, 0.44% copper, and 1.64 grams per tonne of silver at a 0.25 grams per tonne gold-equivalent cut-off grade.
Chief Executive Officer Gilbert Clark said the company’s inclusion in GDXJ reflects its growing profile as an investment opportunity and highlights the continued advancement of the Cabaçal Project. He added that the ETF inclusion is expected to improve trading liquidity and expand access to both institutional and retail investors.