Overview
Early-stage gold exploration companies with no or minimal production. Highest risk/reward in the gold space — pure exploration upside with discovery potential.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| OSK | Osisko Mining | 8.4% |
| SEA | Seabridge Gold | 7.8% |
| TXG | Torex Gold Res. | 6.8% |
| RVG | Revival Gold | 6.4% |
| AUX | Aura Minerals | 5.8% |
| IRV | Integra Resources | 5.4% |
| ORE | Orezone Gold | 4.8% |
| PG | Probe Gold | 4.4% |
| K92 | K92 Mining | 4.2% |
| DPM | Dundee Precious | 3.8% |
Fund Details
Investment Thesis
Gold exploration companies represent the highest-risk, highest-reward segment of the precious metals investment universe. A single major gold discovery can multiply an explorer's stock price by 10-50x in a gold bull market. GOEX provides a diversified basket of exploration stage companies, reducing single-discovery risk while maintaining the massive upside potential of the exploration segment.
Who It's For
Highly speculative investors with deep conviction in a sustained gold bull market and the psychological fortitude to hold through extreme volatility. Gold explorers can fall 80-90% in bear markets and surge hundreds of percent in bull markets. Suitable only as a very small satellite position for experienced investors who understand and accept exploration stage binary risk.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $10.82 | -- |
| 2017 | $12.82 | +18.5% |
| 2018 | $9.82 | -23.4% |
| 2019 | $12.82 | +30.5% |
| 2020 | $18.42 | +43.7% |
| 2021 | $17.82 | -3.3% |
| 2022 | $13.42 | -24.7% |
| 2023 | $16.42 | +22.4% |
| 2024 | $21.18 | +29.0% |
| 2025 | $38.58 | +82.2% |
| Year | Yield |
|---|---|
| 2016 | 0.22% |
| 2017 | 0.18% |
| 2018 | 0.22% |
| 2019 | 0.18% |
| 2020 | 0.14% |
| 2021 | 0.12% |
| 2022 | 0.18% |
| 2023 | 0.14% |
| 2024 | 0.28% |
| 2025 | 0.38% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.05B | -- |
| 2017 | $0.08B | +60.0% |
| 2018 | $0.08B | +0.0% |
| 2019 | $0.1B | +25.0% |
| 2020 | $0.15B | +50.0% |
| 2021 | $0.18B | +20.0% |
| 2022 | $0.12B | -33.3% |
| 2023 | $0.16B | +33.3% |
| 2024 | $0.22B | +37.5% |
| 2025 | $0.40B | +81.8% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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