Ubika Gold 20 Report September 15, 2014

Published:

The top Ubika Gold 20 gainers for the week ending September 12th 2014 include: Guyana Goldfields Inc (TSX: GUY), Rubicon Minerals Corp (TSX: RMX), Pilot Gold Inc (TSX: PLG), Romarco Minerals Inc (TSX: R) and Rio Alto Mining Ltd (TSX: RIO). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

  • Guyana Goldfields Inc (TSX: GUY) was the top market cap gainer of the week after its market cap climbed 7.67% last week after the company completed the $185 million financing credit facility to fund the development and construction of its 100%-owned Aurora Gold Project located in Guyana, South America.
  • The UG 20 index declined 2.39% to close at 101.04 from the previous close of 103.51 led by huge decline in underlying commodity prices. It underperformed both the TSXV index (-0.70%) and the S&P/TSX global gold index that fell 2.24% during the week.
  • The performance of the UG 20 constituent companies remained negative with only 6 out of 20 companies recording positive performance while 13 companies ended negative and 1 remained unchanged.

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