Meridian Announces Inclusion in the GDXJ

Summary by AI BETAClose X

Meridian Mining plc has announced its inclusion in the VanEck Junior Gold Miners ETF (GDXJ), effective September 18, 2026, a significant milestone reflecting increased visibility and de-risking of its Cabaçal Project. This inclusion is expected to enhance trading liquidity and broaden access to institutional and retail investors. The Cabaçal project, detailed in a Pre-feasibility Study dated March 31, 2025, boasts a base case after-tax NPV5 of USD 984 million and a 61.2% IRR, with a pre-production capital cost of USD 248 million and an estimated capital repayment in 17 months. The project has a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent and a life of mine production profile of 141,000 ounces of gold equivalent, supported by a mineral reserve estimate of 41.7 million tonnes.

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