Cash-starved junior miners poised for next leg of gold equity rally

By Neils Christensen – Kitco News

The mining sector has seen renewed bullish momentum since mid-2025; however, the rally has not been as broad-based compared to previous bull market cycles, as most of the attention has been focused on senior producers and royalty companies.

The VanEck Gold Miners ETF, a basket of the world’s largest precious metals producers, has rallied more than 200% since the start of 2025. However, the TSX Venture Index, which reflects more junior developers and explorers, has rallied 85%.