Ubika Gold 20 Report June 23, 2014

The top Ubika Gold 20 gainers for the week ending June 20, 2014 include: GoldQuest Mining Corp. (TSXV: GQC), Treasury Metals Inc. (TSX: TML), Luna Gold Corp. (TSX: LGC) and Dalradian Resources Inc.  (TSX: DNA). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

• GoldQuest Mining Corp. (TSXV: GQC) was the top gainer for the week with a 25% gain. The company’s market capitalization rose on the recent positive development on its 100% owned Romero and Romero South Gold-Copper Deposits in the Dominican Republic.
• The UG 20 index gained 5.45% to close at 108.82. It outperformed TSXV index (2.91%), Gold (2.96%) but underperformed S&P/TSX global gold index (5.60%).
• The performance of the UG 20 constituent companies was mostly positive with 16 out of 20 companies recording positive performance while remaining four companies reported negative performance for the week. The primary reason being the rise in gold price.