The top Ubika Mining 30 gainers for the week June 02– June 06, 2014 include: Mag Silver Corp. (TSX: MAG), New Zealand Energy Corp. (TSXV: NZ) and Simba Energy Inc. (TSXV: SMB). To view the complete Ubika Mining 30 index report, click on the download link.
Key Findings for the week of June 02– June 06, 2014 are summarized below:
• Mag Silver Corp. (TSX: MAG) was the top performer for the week with 16% gain in market capitalization.The stock gained on the recent update of the company’s resource estimate for its Juanicipio Property, Mexico. The company now reports Indicated resource of 160 million ounces of silver (MAG’s 44% share) and Inferred resources of 48 million ounces of silver (MAG’s 44% share).
• After gaining 1.08% the previous week, the UM 30 index gained further by 1.40% this week to end at 65.30. It outperformed TSX Venture index (0.35%) but underperformed S&P/TSX Global Mining Index (2.05%).
• The TSX Venture index rose marginally by 3.46 point or 0.35% to close at 987.45. The index rose mainly due to the increase in share price of gold mining companies.
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