This week’s top market cap gainer is Rio Alto Mining Ltd. (TSX: RIO), which surged 17%. On October
6, 2014, the company announced 56,368 ounces of gold production from its La
Arena gold mine in Peru. On October 6, 2014, the company announced 56,368 ounces of gold production from its La Arena gold mine.
Other top Ubika Gold 20 constituent companies for the week ending October 10th 2014 are: Romarco Minerals Inc. (TSX: R), Kirkland Lake Gold Inc. (TSX: KGI) and and Alamos Gold Inc. (TSX: AGI). 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 performer of the week with 16.8% gain in the price and market capitalization. The price rose on the recent positive development at its La Arena gold mine, Peru. On October 6, 2014, the company announced 56,368 ounces of gold production from its La Arena gold mine.
- B2Gold Corp (TSX: BTO) gained 48.37% the market capitalization. The market cap rose as the company recently completed merger with Papillon Resources Limited, wherein BTO has issued 237,390,819 shares as consideration under the merger for the former share and option holders of Papillon
- The UG 20 index gained 5.67% last week to close at 92.50 from the previous close of 87.54. It outperformed the TSXV index (-6.31%), gold (2.66%) and S&P/TSX global gold index (0.28%).
Interested in previous UG20 reports?
Here’s the archive link.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/da8d50b0539e11e484e80b0ca1b3c0e5/original/UG20-14oct.pdf
