This week’s top market cap gainer is Endeavour Mining Corp. (TSX: EDV), which jumped 19%. The miner
recently reported Q3’14 gold production of 117,612 ounces, with its all-in sustaining costs
improving to $991/oz from $1,118.
Other top Ubika Gold 20 constituent companies for the week ending November 21st 2014 are: Argonaut Gold Inc. (TSX: AR), Guyana Goldfields Inc. (TSX: GUY) and Premier Gold Mines Ltd. (TSX: PG). To view the complete Ubika Gold 20 index report, click on the download link.
Key Findings for the week:
- Endeavour Mining Corp (TSX: EDV) was the top performer of the week with 18.68% gain in the price and market capitalization. Recently, the company reported strong gold production in Q3’14, producing 117,612 ounces resulting in an all-in sustaining margin of $32.1 million and also significant improvement in all-in sustaining cost of $991/oz during Q3’14 compared to $1,118/oz in Q3’13. EDV continues to benefit from strong performance at Agbaou gold mine which has now exceeded the original guidance of 85,000 to 95,000 ounces for the year and from completion of a significant optimization and investment phase at Tabakoto gold mine that is set to generate improved operating margins in Q4’14 and beyond.
- The UG 20 index gained 6.57% last week to close at 88.49 from the previous close of 83.03. It outperformed the TSXV index (1.61%); gold (1.08%) and S&P/TSX global gold index (3.84%).
- The performance of the UG 20 constituent companies remained positive with 15 out of 20 companies recording positive performance, while the remaining 5 companies ended up performing negative.
Interested in previous UG20 reports?
Here’s the archive link.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/16d6696073db11e4a3a1473fedb8e928/original/UG20-_24nov.pdf
