The Market Vectors Junior Gold Miners ETF (or GDXJ) is an ETF administered by Van Eck and created to replicate the Global Junior Gold Miners Index which is a basket of small-cap gold exploration, development and production companies. The GDXJ tries to maintain an average market cap of its holdings above $150 million. According to recent… Continue Reading
Midway Gold (MDW.T) will be Nevada’s next gold producer at the Pan project which is in the final stages of construction with first production expected by the end of January. The Pan project is a simple open-pit heap-leach project that has very attractive economics. At $1200 gold the project has a 32% internal rate of… Continue Reading
Nevada is the place where Newmont and Barrick made their names. It is a place of very large gold operations that have been producing for decades and continue to provide these behemoth gold miners with baseline production and profits. It is estimated that Nevada produces 80% of the total US gold production. This morning, Nevada’s newest gold mine… Continue Reading
