Ubika Gold 20 Report August 05, 2014

The top Ubika Gold 20 gainers for the week ending August 01, 2014 include: Dalradian Resources Inc (TSX: DNA), Guyana Goldfields Inc (TSX: GUY), Kirkland Lake Gold Inc (TSX: KGI) and Rubicon Minerals Corp (TSX: RMX). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

• Dalradian Resources Inc (TSX: DNA) was the top gainer of the week after climbing 20.7%. The company’s market capitalization increased after the company announced the closing of its bought deal offering worth $17.3 million issuing 19.2 million units at a price of $0.90 per unit. The net proceeds from the offering are expected to be used for exploration and development activities.
• The UG 20 index declined 1.08% to close at 107.90. It outperformed TSXV index (-1.65%) and S&P/TSX global gold index (-1.13%).
• The performance of the UG 20 constituent companies was mixed with 11 out of 20 companies recording negative performance while eight companies reported positive performance for the week and one remaining unchanged.