The top Ubika Gold 20 gainers for the week ending August 29, 2014 include: Kirkland Lake Gold Inc (TSX: KGI), Argonaut Gold Inc (TSX: AR), Romarco Minerals Inc (TSX: R), Timmins Gold Corp (TSX: TMM) and Alacer Gold Corp (TSX: ASR). To view the complete Ubika Gold 20 index report, click on the download link.
Key Findings for the week:
- Kirkland Lake Gold Inc (TSX: KGI) was the top market cap gainer of the week after its market cap climbed 14.8% last week. The stock rallied on the announcement that the recent drilling results have expanded the mineralization associated with the South Mine Complex on both the South Claims and the HM claim. The near surface drilling program has intersected new high-grade lenses within 360 feet of surface.
- The UG 20 index surged 3.13% to close at 108.71 from the previous close of 105.41 on rise in gold prices. It outperformed both the TSXV index (1.83%) and the S&P/TSX global gold index (1.86%).
- The performance of the UG 20 constituent companies remained mixed with 11 out of 20 companies recording positive performance while seven companies ended on a negative note.
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