Ubika Gold 20 Report May 12, 2014

The top Ubika Gold 20 gainers for the week ending May 09, 2014 include: Sandspring Resources Ltd. (TSXV: SSP) and GoldQuest Mining Corp. (TSXV: GQC). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

• Sandspring Resources Ltd. (TSXV: SSP) was the top gainer for the week with an 8% gain. The company’s market capitalization rose on the recent positive development at its Toroparu Gold-Copper Deposit, Republic of Guyana, South America.
• The UG 20 index lost 4.11%% to close at 95.89. It underperformed TSXV index (-2.30%), Gold (-0.83%) and S&P/TSX global gold index (-3.33%).
• The performance of the UG 20 constituent companies was mostly negative with only 17 out of 20 companies recording negative performance while 2 companies reported positive performance for the week. Rest of the companies did not report any change.