The Ubika Gold 20 Index (UG20) fell 8.5% for the month yet still beat the TSX Gold Index benchmark, which sank 17.8%. Both indexes were hurt by the sliding price of gold, which fell 5.4% to less than US$1,100/ ounce. Romarco Minerals Inc. (TSX: R) was the top-performing component company, surging 29% during the past month after the company agreed to be acquired by OceanaGold Corporation (TSX: OGC) in an all-stock transaction valued at about C$856 million.
[ihc-hide-content ihc_mb_type=”block” ihc_mb_who=”unreg” ihc_mb_template=”7″ ]
[/ihc-hide-content]
