The Canadian mining sector endured yet another negative month, caused largely by slumping gold and copper prices. The Ubika Mining 20 Index (UM20) slipped 15.3% during the past month, falling short of both the TSX Venture and the TSX Mining Index, down 14.6% and 9.1%, respectively. SilverCrest Mines Inc. (TSX: SVL) was the top-performing component company, surging 21% after the company agreed to be acquired by First Majestic Silver Corp. (TSX: FR) in an all-stock transaction valued at approximately C$154 million.
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