The top Ubika Gold 20 gainers for the week ending August 08, 2014 include: Rio Alto Mining Ltd (TSX: RIO), Endeavour Mining Corp (TSX: EDV), Sulliden Gold Corp (TSX: SUE), Romarco Minerals Inc (TSX: R) and Kirkland Lake Gold Inc (TSX: KGI). To view the complete Ubika Gold 20 index report, click on the download link.
Key Findings for the week:
- Rio Alto Mining Ltd (TSX: RIO) was the top gainer of the week after climbing 7.1% last week. The stock powered higher after the company announced that it has completed the acquisition of Sulliden Gold Corporation (TSX: SUE).
- The UG 20 index declined marginally by 0.27% or 30 points to close at 107.60. It outperformed TSXV index (-0.32%), while underperformed S&P/TSX global gold index (2.41%).
- 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.
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