The top Ubika Mining 30 gainers for the week June 09 – June 13, 2014 include: Mag Silver Corp. (TSX: MAG), SilverCrest Mines Inc. (TSX: SVL) and Fortuna Silver Mines Inc. (TSX: FVI). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of June 09 – June 13, 2014 are summarized below:
• Mag Silver Corp. (TSX: MAG) was the top performer for the week with 11% gain in market capitalization. The stock gained on the recent update of the company’s resource estimate for its Juanicipio Property, Mexico. The company now reports Indicated resource of 160 million ounces of silver (MAG’s 44% share) and Inferred resources of 48 million ounces of silver (MAG’s 44% share)..
• After gaining 1.40% the previous week, the UM 30 index gained further by 4.40% this week to end at 68.18. It outperformed TSX Venture index (1.00%) and S&P/TSX Global Mining Index (0.20%).
• The TSX Venture index rose marginally by 9.88 point or 1.0% to close at 997.33. The index rose mainly due to the increase in share price of energy companies which also offset the effect of weak U.S. economic data.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/789fa3e0f6d211e3acae8f1746e68d74/original/17jun-mining30.pdf
