How polymetallic miners are added to the precious metals ETFs is a bit of grey area it seems. I haven't seen anything written down about whether the 50% revenue mix is based on spot pricing, feasibility pricing, life of mine metals mix etc.
The weird thing is that a stock like Solgold is in the GDXJ despite being a primary copper play with ~30% gold revenues.
ADT Future ETF Inclusion, page-5
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