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August 29, 2013

$GDX announces changes: Alamos, Detour, Franco-Nevada, Argonaut among main beneficiaries

The GDX announced the following changes. 
 
MAIN POSITIVES: Alamos, Detour, Fresnillo, Franco-Nevada, Argonaut, Alacer, Centerra, Hochschild, Centamin
 
MAIN NEGATIVES ( Deletions and re-weights): Tanzanian Royalty, Golden Star, Allied-Nevada and Vista Gold.  GoldFields, Harmony, NewGold, Aurico, Buenaventura and Royal Gold are being re-weighted down as well.
 
As expected, Torex and Pretium are not included as they are non producers yet.The details will be announced on Friday  sept 13th and will be EFFECTIVE of Friday sept 20th at the close.
 
Bloomberg
Name
Index Flow
Days of ADV
Type
Previous Conviction
AGI CN Equity
Alamos Gold Inc
+4.8  M
4.3
Addition
High
DGC CN Equity
Detour Gold Corp
+5.2  M
2.9
Addition
High
DPM CN Equity
Dundee Precious Metals Inc
+5.2  M
10.9
Addition
Medium
FNV US Equity
Franco-Nevada Corp
+5.6  M
4.2
Addition
High
AR CN Equity
Argonaut Gold Inc
+5.6  M
5.3
Addition
High
KOZAL TI Equity
Koza Altin Isletmeleri As
+5.7  M
7.6
Addition
Low
SBGL US Equity
Sibanye Gold- Spon Adr
+6.9  M
18.9
Addition
Medium
CG CN Equity
Centerra Gold Inc
+8.9  M
8.2
Addition
Medium
ASR CN Equity
Alacer Gold Corp
+10.8  M
8.6
Addition
High
MUX US Equity
Mcewen Mining Inc
+11.4  M
3.7
Addition
Medium
HOC LN Equity
Hochschild Mining Plc
+12.8  M
25.3
Addition
Low
POLY LN Equity
Polymetal International Plc
+14.7  M
12.4
Addition
Low
CGG CN Equity
China Gold International Res
+15.0  M
32.4
Addition
Low
ABG LN Equity
African Barrick Gold Plc
+15.5  M
9.7
Addition
Low
OSK CN Equity
Osisko Mining Corp
+16.5  M
3.4
Addition
High
RRL AU Equity
Regis Resources Ltd
+18.8  M
4.7
Addition
Medium
FRES LN Equity
Fresnillo Plc
+27.9  M
24.8
Addition
Low
NCM AU Equity
Newcrest Mining Ltd
+29.0  M
5.7
Addition
High
1818 HK Equity
Zhaojin Mining Industry - H
+33.1  M
3.1
Addition
Low
CEY LN Equity
Centamin Plc
+41.7  M
11.1
Addition
Medium
2899 HK Equity
Zijin Mining Group Co Ltd-H
+226.2  M
4.6
Addition
Low
KGC US Equity
Kinross Gold Corp
(12.8 M)
0.6
Reweight
GFI US Equity
Gold Fields Ltd-Spons Adr
(26.1 M)
4.3
Reweight
BTG US Equity
B2Gold Corp
(27.2 M)
2.5
Reweight
EGO US Equity
Eldorado Gold Corp
(17.5 M)
1.4
Reweight
ABX US Equity
Barrick Gold Corp
(5.3 M)
0.2
Reweight
NGD US Equity
New Gold Inc
(19.2 M)
2.5
Reweight
GG US Equity
Goldcorp Inc
(4.5 M)
0.3
Reweight
HMY US Equity
Harmony Gold Mng-Spon Adr
(18.4 M)
5.5
Reweight
AUY US Equity
Yamana Gold Inc
(3.9 M)
0.2
Reweight
IAG US Equity
Iamgold Corp
(15.9 M)
1.1
Reweight
HL US Equity
Hecla Mining Co
(9.9 M)
1.5
Reweight
NEM US Equity
Newmont Mining Corp
(2.6 M)
0.3
Reweight
AU US Equity
Anglogold Ashanti-Spon Adr
(5.4 M)
1.4
Reweight
AUQ US Equity
Aurico Gold Inc
(10.5 M)
2.5
Reweight
BVN US Equity
Cia De Minas Buenaventur-Adr
(8.2 M)
4.0
Reweight
SLW US Equity
Silver Wheaton Corp
(2.3 M)
0.3
Reweight
PAAS US Equity
Pan American Silver Corp
(6.4 M)
2.0
Reweight
AEM US Equity
Agnico Eagle Mines Ltd
(4.3 M)
1.3
Reweight
AG US Equity
First Majestic Silver Corp
(5.0 M)
2.3
Reweight
CDE US Equity
Coeur Mining Inc
(4.3 M)
2.3
Reweight
SSRI US Equity
Silver Standard Resources
(3.4 M)
2.0
Reweight
RGLD US Equity
Royal Gold Inc
(2.7 M)
2.9
Reweight
GOLD US Equity
Randgold Resources Ltd-Adr
(1.3 M)
1.3
Reweight
SA US Equity
Seabridge Gold Inc
(3.7 M)
4.5
Delete
Medium
GSS US Equity
Golden Star Resources Ltd
(20.8 M)
7.4
Delete
High
ANV US Equity
Allied Nevada Gold Corp
(8.3 M)
1.3
Delete
High
TRX US Equity
Tanzanian Royalty Exploratio
(8.1 M)
13.2
Delete
High
VGZ US Equity
Vista Gold Corp
(6.5 M)
9.6
Delete
High
 
 
 
Names that were not added and our previous conviction
Not Added
Conviction
TXG CN Equity
High
PGIL LN Equity
Low
TAHO US Equity
Low
NG CN Equity
Low
PVG CN Equity
Low
SVM US Equity
Medium


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