VanEck Gold Miners ETF
GDX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- May 22, 2006
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Gold Miners ETF (GDX) is an exchange-traded fund that seeks to replicate the price and yield performance of the MarketVector Global Gold Miners Index, providing investors with exposure to the overall performance of companies involved in gold and silver mining, royalties, and streaming activities worldwide. The ETF holds a diversified portfolio of approximately 50 global companies, including leading producers such as Agnico Eagle Mines Ltd (7.12%), Newmont Corp (7.05%), Barrick Mining Corp (5.91%), AngloGold Ashanti Plc (5.28%), and Kinross Gold Corp (4.92%); mid-tier miners like Northern Star Resources Ltd, Pan American Silver Corp, and Wheaton Precious Metals Corp; and royalty/streaming firms such as Franco-Nevada Corp and Royal Gold Inc, with top 10 holdings comprising over 52% of assets. GDX targets the materials sector, primarily equity securities of companies deriving at least 50% of revenue from gold or silver mining-related activities, serving institutional and retail investors seeking leveraged beta exposure to gold prices through industry leaders across mature and junior operations. Launched on May 16, 2006, and headquartered in New York with VanEck as issuer, GDX operates globally with country weightings led by Canada (46.44%), the United States (18.74%), Australia (10.89%), South Africa (6.64%), Brazil (4.32%), and Mexico (3.46%), alongside exposures in Indonesia, Burkina Faso, the United Kingdom, China, Turkey, and Peru. The fund maintains total net assets of approximately $25.72 billion as of December 17, 2025, with a gross/net expense ratio of 0.51% and an annual dividend yield of 0.47%. In recent developments, GDX underwent a significant index transition effective September 19-22, 2025, replacing the long-standing NYSE Arca Gold Miners Index with the MarketVector Global Gold Miners Index from VanEck's subsidiary MarketVector Indexes to enhance investability, liquidity representation, and exposure to both gold and silver miners without altering its core investment strategy or major holdings. This change builds on a prior 2013 expansion from U.S.-focused to global gold miners, reflecting ongoing evolution amid strong gold prices and sector growth, with no reported acquisitions, funding rounds, or partnerships directly tied to GDX in the last 1-2 years. The ETF continues to deliver high YTD returns of 152.94% as of December 17, 2025, driven by robust performance in its underlying holdings.