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RNC Minerals Added To MVIS Global Junior Gold Miners Index

Mining News - Published on Wed, 19 Jun 2019

Image Source: ftmig
RNC Minerals announced that MVIS® has added RNC Minerals to its MVIS® Global Junior Gold Miners Index. Mr Mark Selby, President and CEO of RNC, said that inclusion in the MVIS® Global Junior Gold Miners Index is another major milestone for RNC. Our inclusion in the index should bring further liquidity and increased market visibility for RNC and reflects the company's growth as a gold producer and developer. With the recent dosing of our acquisition of the Higginsville mine and mill from Westgold, the further confirmation of our model for high grade coarse gold at Beta Hunt, and our coming resource update for Beta Hunt at the end of the second quarter, today's announcement is another exciting development for RNC shareholders.

The modified market cap-weighted index tracks the performance of the most liquid junior companies in the global gold and silver mining industry. The pure-play index contains only companies that invest primarily in gold or silver, or generate at least 50% of their revenues from gold or silver mining or own properties that have the potential to generate at least 50% of their revenues from gold or silver mining when developed. The MVIS Global Junior Gold Miners Index has been licensed to underlie financial products with currently USD 4.9 billion in assets under management.

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Posted By : Sanju Moirangthem on Wed, 19 Jun 2019
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