The top Ubika Gold 50 gainers for the week ending February 28, 2014 include: Klondex Mines Ltd (TSX: KDX), Treasury Metals Inc. (TSX: TML), Dalradian Resources Inc. (TSX: DNA), Meadow Bay Gold Corp (TSX: MAY) and Mawson Resources Ltd (TSX: MAW). To view the complete Ubika Gold 50 index report, click on the download link.
Key Findings for the week:
• Klondex Mines Ltd. (TSX: KDX) was the top gainer for the week with a 44.59% gain. The company’s market capitalization rose on the recent positive development at its Fire Creek gold project and the Midas gold and silver mine and mill, in Northern Nevada.
• The UG 50 index decreased by -1.70% to close at 88.29. It underperformed TSXV index (0.36%), Gold (0.16%) but outperformed S&P/TSX global gold index (-3.14%).
• The performance of the UG 50 constituent companies was mostly negative with 17 out of 47 companies recording positive performance while 27 companies reported negative performance for the week.
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