For decades juniors were often considered to be gold miners producing less than 200k ounces annually. To give GDXJ the benefit of the doubt, I conservatively expand that to 300k. That works out to 75k per quarter. In Q3’18, only 3 of the top 34 GDXJ component stocks were primary gold ...
58% of GDXJ’s component weightings is in producers, with the remaining 42% in explorers. Since the vast majority of junior golds are explorers, this may seem illogical at first. But it is not at all. While explorers dominate in sheer numbers, most aren’t worth very much since they ha...
I’ve researched and written extensively on this. Every quarter I wade through the latest results from the top 34 component stocks of both GDX and GDXJ. The latest-available data is still Q3’18’s, as the full-year reports including Q4 aren’t due until 60 to 75 days after year-end ...