Ubika Gold 20 Report September 22, 2014

Published:

The top Ubika Gold 20 gainers for the week ending September 12th 2014 include: GoldQuest Mining Corp (TSXV: GQC), Premier Gold Mines Ltd (TSX: PG), Pilot Gold Inc (TSX: PLG), B2Gold Corp (TSX: BTO) and Argonaut Gold Inc (TSX: AR). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

  • GoldQuest Mining Corp (TSXV: GQC) was the top market cap gainer of the week after its market cap climbed 25.9% last week. Recently, GQC announced the presence of a copper zone at its Guama target and reported confirmatory metallurgical data for its 100% owned Tireo and Romero projects in the Dominican Republic.
  • The UG 20 index fell 5.05% last week to close at 95.94 from the previous close of 101.04 led by weakness in commodity prices. It underperformed the TSXV index (-3.33%), but outperformed S&P/TSX global gold index that fell 6.53% during the week.
  • The performance of the UG 20 constituent companies remained negative with only 5 out of 20 companies recording positive performance while 15 companies ended negative.

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