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Eastmain Added to New Junior Gold Index
Rob McEwen starts junior gold exploration index.
Author: Dorothy Kosich
Posted: Wednesday , 17 Jun 2009
RENO, NV -
Über mining investor Rob McEwen, the CEO of U.S. Gold and co-founder of Goldcorp, has decided to form his own index of exploration-stage junior gold miners.
Companies are continually reviewed for possible inclusion and exclusion from the index. Changes are made to the index at the end of every month.
"The index is market-value weighted; that is, movements in the prices of stocks with higher market capitalizations (the share price times the number of shares outstanding) have a greater effect on the index than companies with smaller market caps," said the index's website.
The criteria used in selection include:
1. Minimum market cap of US$50 million
2. Minimum daily trading liquidity of US$50,000
3. Listed on the TSX, TXV-V, NYSE, NYSE.A, NASDAQ
4. Focused primarily on exploration
To view the list, go to www.mcewencapital.com or visit www.eastmain.com.
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