The top Ubika Gold 50 gainers for the week ending February 14, 2014 include: Gran Colombia Gold Corp (TSX: GCM), ATAC Resources Ltd. (TSXV: ATC), Timmins Gold Corp (TSX: TMM) and Pilot Gold Inc (TSX: PLG). To view the complete Ubika Gold 50 index report, click on the download link.
Key Findings for the week:
• Gran Colombia Gold Corp. (TSX: GCM) was the top gainer for the week with a 75.17% gain. The company’s market capitalization rose on the recent positive development at its Segovia operations (gold and silver mine), Colombia.
• The UG 50 index gained 13.58% to close at 90.14. It outperformed TSXV index (3.56%), Gold (4.06%) and S&P/TSX global gold index (9.35%). The increase in UG 50 index is due to the rise in gold price.
• The performance of the UG 50 constituent companies was mostly positive with 42 out of 48 companies recording positive performance for the week.
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