Caledonia Mining over the moon about debut GDXJ Index inclusion
Caledonia Mining Chief Executive Officer (CEO) Steve Curtis has expressed his joy on the company’s inclusion on the Global Junior Gold Miners Index (GDXJ) for the first time following the GDXJ Index’s first quarter 2021 review.
By Shantel Chisango
Mr. Curtis said the inclusion of the company in the GDXJ Index is a huge step in raising the company’s profile among investors.
“I am delighted with our imminent inclusion in the GDXJ Index. The listing of our shares on the New York Stock Exchange (NYSE) American has increased our liquidity significantly and our inclusion on the Index should further raise our profile among retail and institutional investors.”
He further added that the addition of the company to the Index has come at an excellent time especially with the commissioning of the Central Shaft to be completed in the first quarter of this year.
“The addition of Caledonia to the Index will be an important milestone for our business and will come at an exciting time for the Company with the commissioning of Central Shaft due to be completed in the first quarter of this year.”
The GDXJ Index forms the basis of various passive gold sector investment funds in the North American market, the most significant being the $5.2 billion VanEck Vectors Junior Gold Miners ETF.
The addition of Caledonia to the Index will occur on Friday, March 19, 2021.
The VanEck Vectors Gold Miners (GDX) exchange-traded fund (ETF) is the most liquid vehicle for investors and traders to gain exposure to gold mining companies. The ETF was established in 2006 by VanEck in the midst of gold’s bull market as securities were created to satiate the appetite of precious metals investors.