The term NYSE Arca Gold Miners Index identifies a combination of publicly-traded silver and gold mining companies operating around the globe. The NYSE Arca Gold Miners Index comprises common stock in addition to depository receipts offered on major stock trades.
Previously Called the Amex Gold Miners Index, the NYSE Arca Gold Miners Index measures the performance of the Gold and Silver mining stocks traded on the NYSE, NYSE MKT (previously known since the Amex), NASDAQ, in Addition to the Toronto Stock Exchange. The indicator incorporates common stock along with American Depository Receipts (ADR) and Global Depository Receipts (GDR) of organizations engaged in the mining of gold and silver ore.
The indicator is calculated with a modified market capitalization system; it isn’t corrected for free float. Businesses included in the index needs to have a current market capitalization value in excess of 750 million and the average daily trading volume of 50,000 stocks from the last few months during that time of addition.
First released on October 1, 2004, the indicator is calculated by 00:30 before 18:00 Eastern Time on days given as indicator business days. The functioning of the index might be monitored utilizing the stock indicator ticker GDM.