That new found discipline should also benefit GDX and its holdings as those companies retain more cash while trimming operating costs. Last year, Barrick suspended work on its $8.5 billion Pascua-Lama project on the Argentina-Chile border, citing legal and regulatory uncertainty as well as lower gold prices, Bloomberg reported.
Barrick and Goldcorp combine for 26.6% of the $8 billion GDX’s weight.
Market Vectors Gold Miners ETF
ETF Trends editorial team contributed to this post.
