The top Ubika Gold 20 gainers for the week ending August 22, 2014 include: Endeavour Mining Corp (TSX: EDV), Kirkland Lake Gold Inc (TSX: KGI), Argonaut Gold Inc (TSX: AR), Dalradian Resources Inc (TSX: DNA) 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:
- Endeavour Mining Corp (TSX: EDV) was the top market cap gainer of the week after climbing 6.74% last week. For the second quarter of 2014, EDV recently reported record gold production of 122,517 ounces. For full year 2014, the company guides to produce 400,000 to 440,000 ounces of gold.
- The UG 20 index declined 2.44% to close at 105.41 from the previous close of 108.05 due to decline in gold prices. It underperformed the TSXV index (0.97%), while outperformed the S&P/TSX global gold index (-2.76%).
- The performance of the UG 20 constituent companies was negative with only five out of 20 companies recording positive performance while 14 companies ended last week on a negative note.
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