Ubika Gold 50 Report March 31, 2014

The top Ubika Gold 50 gainers for the week ending March 28, 2014 include: Kaminak Gold Corp (TSXV: KAM), Guyana Goldfields Inc (TSX: GUY), Americas Bullion Royalty Corp (TSX: AMB), Rio Alto Mining Ltd (TSX: RIO) and Romarco Minerals Inc (TSX: R). To view the complete Ubika Gold 50 index report, click on the download link.

Key Findings for the week:

• Kaminak Gold Corp. (TSXV: KAM) was the top gainer for the week with a 15% gain. The company’s market capitalization rose on the announcement of the closing of $11.5 million worth private placement deal.
• The UG 50 index decreased by 6.47% to close at 81.51. It underperformed TSXV index (-4.35%), Gold (-2.96%) and S&P/TSX global gold index (-6.21%).
• The performance of the UG 50 constituent companies was largely negative with 35 out of 46 companies recording negative performance while only five companies reported positive performance for the week. The reason being the sharp decline in gold price.