EL7.AI
StocksMedium•14 September 2026•
2 min read

Elemental Royalty and First Mining Added to GDXJ Gold Miners Index

Key Facts

1Elemental Royalty announced its inclusion in the MVIS Global Junior Gold Miners Index, the underlying benchmark for the GDXJ ETF.
2First Mining Gold Corp confirmed its addition to the same index as part of the quarterly rebalance.
3The change in the GDXJ index will become effective after the market close on Friday, September 18, 2026.

In a move reflecting the ongoing expansion within the junior gold mining sector, Elemental Royalty and First Mining Gold Corp have announced their inclusion in the MVIS Global Junior Gold Miners Index. This index serves as the underlying benchmark for the VanEck Junior Gold Miners ETF (GDXJ), one of the world's largest exchange-traded funds focused on small-cap gold and silver companies. According to reports, the inclusion will become effective after the market close on Friday, September 18, 2026, as part of the index's quarterly rebalance and semi-annual review.

This inclusion comes as markets anticipate passive investment inflows, as funds tracking the index are required to purchase shares of the newly added companies to align with the benchmark. Per market data, Elemental Royalty (ELE) closed at $21.43 on September 11, 2026, while First Mining Gold (FFMGF) stood at $0.6481 on the same date. Market data also shows that the GDXJ ETF closed at $125.41, having reached a daily high of $128.88 prior to the recent weekend.

Investors should monitor liquidity levels in the affected stocks as the September 18 effective date approaches, as mandatory buying from passive funds often increases volatility. Based on closing prices as of September 11, 2026, the levels of $21.73 for ELE and $0.6838 for FFMGF represent immediate resistance points derived from recent daily highs. With no major sector-specific catalysts in the upcoming economic calendar, focus will remain on the rebalancing flows at the end of the week.