This week’s top gainer is Copper Mountain Mining Corp. (TSX: CUM), which moved up 3%. The company recently announced its production results for Q3’14 from the Copper Mountain mine in British Columbia, wherein it produced 21.7 million pounds of copper, a 9% increase as compared to Q2’14.
Other top Ubika Mining 20 constituent companies for the week ending October 31st 2014 are: Paladin Energy Ltd. (TSX: PDN) and North American Nickel Inc. (TSXV: NAN). To view the complete Ubika Mining 20 index report, click on the download link.
Key Findings for the week:
• Copper Mountain Mining Corp (TSX: CUM) was the top performer for the week with a 2.96% gain in market capitalization. The market capitalization rose as the company recently announced its production results for Q3’14 from the Copper Mountain mine located in southern British Columbia, wherein it produced 21.7 million pounds of copper, a 9% increase as compared to the Q2’14.
• The UM 20 index declined 7.84% this week to end at 71.62. It underperformed the TSX Venture index (-4.45%) and S&P/TSX Global Mining Index (-4.69%).
• The TSX Venture index declined 4.45% last week to close at 769.59. The reason for decline was due to the poor performance of the incumbent companies of the index, continued plunge in oil prices and capital outflow from Canada.
Interested in previous Ubika Mining reports?
Here’s the archive link.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/facf5810641911e498e3778312cf1eb8/original/UM20_4Nov.pdf
