Ubika Gold 20 Report July 07, 2014

Published:

The top Ubika Gold 20 gainers for the week ending July 04, 2014 include: Endeavour Mining Corp. (TSX: EDV), Kirkland Lake Gold Inc. (TSX: KGI), Pilot Gold Inc. (TSX: PLG) and Romarco Minerals Inc. (TSX: R). 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 gainer for the week with a 15% gain. The company’s market capitalization rose on news (published June 25, 2014) that it has started production of ore from the Segala underground mine. Additionally, the company also received mining permit for its Kofi Nord mine.
  • The UG 20 index gained 3.25% to close at 109.27. It outperformed TSXV index (1.45%), Gold (0.33%) and S&P/TSX global gold index (0.88%).
  • The performance of the UG 20 constituent companies was mostly positive with 17 out of 20 companies recording positive performance while only two companies reported negative performance for the week.

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