Ubika Gold 20 Report July 21, 2014

The top Ubika Gold 20 gainers for the week ending July 18, 2014 include: Timmins Gold Corp. (TSX: TMM), Rubicon Minerals Corp. (TSX: RMX) and Treasury Metals Inc. (TSX: TML). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

• Timmins Gold Corp. (TSX: TMM) was the top gainer for the week with a 4% gain. The company’s market capitalization rose on the publication of company’s production results (for second quarter ended June 30, 2014) which were up 17.5% y-o-y. Several research firms such as Zacks, TD Securities and M Partners raised their price targets for the company.
• The UG 20 index lost 5.29% to close at 109.97. It underperformed TSXV index (-1.05%), Gold (-2.08%) and S&P/TSX global gold index (-1.69%).
• The performance of the UG 20 constituent companies was mostly negative with 16 out of 20 companies recording negative performance while only three companies reported positive performance for the week. The decline was mostly due to decline in gold price.