V
an Eck’s Highly Anticipated Market Vectors Junior Miners ETF (With Kingsgate Included) Is Set for Its Debut
Van Eck’s Market Vector Junior Miners ETF is set for trading to begin on Wednesday, November 11, 2009 under the ticker symbol (GDXJ). The arrival of this ETF couldn’t come at a better time as gold continues to reach new all time highs. Investors looking to get into the gold craze have found it to be worth investing in gold miners as the current Market Vectors Gold Miners ETF (GDX) has outperformed the SPDR Gold ETF (GLD) by a substantial amount. (See the chart)
The Market Vectors Junior Miners ETF will represent the “Junior Gold Miners Index (MVGDXJ)” and have a total net annual operating expense of .60%. The ETF will represent 38 junior mining and exploration companies that have mining potential.
For more information, see the Kingsgate News Desk – http://www.kingsgate.com.au/news-desk/
November 9, 2009 – Kingsgate Consolidated today held their 2009 Annual General Meeting in Sydney.
Highlights from the Chairman’s address included:
- A doubling of Kingsgate’s Share Price in the last 12 months
- A return to profitability
- A 15 cent dividend
- A second half profit of $45 million
Details of the 2009 AGM, including Kingsgate CEO Gavin Thomas’ presentation, Chairman Ross Smyth-Kirk’s address, and the results of Kingsgate’s Annual General Meeting can be accessed in fukll from the Kingsgate News Desk – http://www.kingsgate.com.au/news-desk/
A new 20 square kilometer gold mineralised project area, called Suwan, has been identified 6-10km north of Chatree in central Thailand, beneath shallow cover. This mineralisation, if proved to be economic, has the potential to provide future ore feed for the Chatree gold mine as satellite open pits.
The Suwan prospect covers an area 4km x 5km, which is similar in overall dimensions to the Chatree gold mine, with similar geology and geophysical response. The area has virtually no
outcrop, covered by a thin 2-20m cover of alluvium, and exploration therefore has only recently recognized the scale of the mineralised areas. Mineralisation has been identified by top-ofbedrock
aircore drilling that followed up geophysical anomalies (ground resistivity and induced polarization geophysical anomalies), a technique that has proven highly successful at the Chatree gold mine.
More information…
http://www.kingsgate.com.au/news-desk/default.htm