More Momentum for Gold Miners as Dozens Added to Key Indices
Greatland Resources one of the big winners from quarterly rebalances
A large number of gold and silver companies are poised for passive inflows following the rebalancing of major indices.
The big winner is growing Australian miner Greatland Resources (ASX/LSE: GGP), which will be added to the VanEck Gold Miners ETF (GDX) for the first time as of Friday, and will join the S&P/ASX 100 index as of Monday’s opening.
Greatland, which will attend the Mining Forum Europe 2026 at the Park Hyatt Zürich from April 13-15, has as much as doubled since dual listing on the ASX in June 2025.
In December 2024, Greatland acquired 100% of the Telfer mine and the 70% stake in the Havieron project it didn’t already own, both in Western Australia, from Newmont Corporation (NYSE: NEM) for US$475 million.
Last month, the company reported an 876% jump in its half-year net profit after tax to A$342.9 million.
Debt-free Greatland reported a cash build of A$373.6 million for a December closing cash balance of A$948.3 million.
The GDX is up 10% year-to-date, while Greatland is up 13.3%.
GDXJ additions
There were 27 companies added to the VanEck Junior Gold Miners ETF (GDXJ).
Osisko Development Corp (NYSE/TSXV: ODV), Snowline Gold Corp (TSX: SGD), Integra Resources Corp (TSXV: ITR), Vox Royalty Corp (TSX: VOXR) and Collective Mining (NYSE/TSX: CNL) were among the companies to announce their inclusion on Monday.
All five companies said inclusion would increase their market visibility and trading liquidity.
Africa-focused Montage Gold (TSX: MAU), Predictive Discovery (ASX: PDI), Orezone Gold Corp (TSX/ASX: ORE) will be added, alongside Australian explorers Southern Cross Gold Consolidated (TSX: SCGC) and Antipa Minerals (ASX: AZY)
Silver producer Andean Precious Metals Corp (TSX: APM) and silver developers Abrasilver Resource Corp (TSX: ABRA) and Andean Silver (ASX: ASL) are also new additions.
Several Asian companies will be added, including China’s Tongguan Gold Group (HKEX: 00340) and GT Gold Holdings (HKEX: 8299), Singapore’s CNMC Goldmine Holdings (SGX: 5TP) and Indonesia’s J Resources Asia (IDX: PSAB), Archi Indonesia (IDX: ARCI) and newcomer Merdeka Gold Resources (IDX: EMAS).
Other inclusions are Hycroft Mining Holding Corp (NASDAQ: HYMC), Americas Gold and Silver Corp (TSX: USA), G2 Goldfields Inc (TSX: GTWO), West Red Lake Gold Mines (TSXV: WRLG), Founders Metals Inc (TSX: FDR), U.S. Gold Corp (NASDAQ: USAU), Galiano Gold Inc (TSX: GAU) and Dateline Resources (ASX: DTR).
The GDXJ is up 11.2% since the start of this year.
S&P changes
In Australia, Northern Star Resources (ASX: NST) will join the ASX 20 Index from Monday.
The announcement was made prior to Friday’s guidance downgrade, which saw the stock shed nearly 19% in a single session.
The cut in 2026 financial year production to above 1.5 million ounces of gold follows January’s downgrade from the original 1.7-1.85Moz to 1.6-1.7Moz.
Aside from Greatland, Regis Resources (ASX: RRL) and Westgold Resources (ASX/TSX: WGX) will also join the ASX 100.
Predictive Discovery (ASX: PDI) will be added to the ASX 200, though its time there may be short-lived given its merger with Robex Resources Inc (ASX: RXR) is due to close by the end of this month.
DPM Metals (TSX/ASX: DPM), Minerals 260 (ASX: MI6), St Barbara (ASX: SBM), Turaco Gold (ASX: TCG), Meeka Metals (ASX: MEK) and Santana Minerals (ASX: SMI) will join the ASX 300 from Monday.
Benz Mining Corp (ASX: BNZ), Alicanto Minerals (ASX: AQI), Toubani Resources (ASX: TRE), Horizon Minerals (ASX: HRZ), Beacon Minerals (ASX: BCN), Forrestania Resources (ASX: FRS), Nova Minerals (ASX: NVA), Tolu Minerals (ASX: TOK), Sun Silver (ASX: SS1), West Wits Mining (ASX: WWI), Focus Minerals (ASX: FML), Unico Silver (ASX: USL), Theta Gold Mines (ASX: TGM) and Titan Minerals (ASX: TTM) are set to join the All Ordinaries index.
There are also changes to the S&P/TSX Composite Index.
As well as joining the GDXJ, Montage Gold, Americas Gold and Silver and AbraSilver Resource Corp will join the index on Monday, as well as Avino Silver & Gold Mines (TSX: ASM) and i-80 Gold Corp (TSX: IAU).