Ubika Gold 20 Report June 02, 2014

The top Ubika Gold 20 gainers for the week ending May 30, 2014 include: Romarco Minerals Inc. (TSX: R). To view the complete Ubika Gold 20 index report, click on the download link.

Key Findings for the week:

• Romarco Minerals Inc. (TSX: R) was the top gainer for the week with a 3% gain. The company’s market capitalization rose on the recent positive development on its Haile Mine, Carolina Slate Belt, U.S.
• The UG 20 index declined 6.67% to close at 88.51. It underperformed TSXV index -0.40%), Gold (-3.32%) and S&P/TSX global gold index (-3.83%).
• The performance of the UG 20 constituent companies was mostly negative with 19 out of 20 companies recording negative performance while just one company reported positive performance for the week. The primary reason being the huge decline in gold price.