Ubika Gold 20 Report September 08, 2014

Published:

The top Ubika Gold 20 gainers for the week ending September 05th 2014 include: Alto Mining Ltd (TSX: RIO) and Guyana Goldfields Inc (TSX: GUY). 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 market cap gainer of the week after its market cap climbed 1.8% last week despite a huge slump in the gold prices.
  • The UG 20 index declined 4.78% to close at 103.51 from the previous close of 108.71 led by huge decline in gold prices. It underperformed TSXV index (-2.84%), while it outperformed the S&P/TSX global gold index that fell 6.77% during the week.
  • The performance of the UG 20 constituent companies remained negative with only 2 out of 20 companies recording positive performance while other companies ended negative.

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