Ubika Mining 20 Index Falls as the Mining Sector Sags

Canadian mining stocks have taken a hit recently as the TSX Mining index has fallen 2.7%

The UM20 has slipped 3.3% since our last report, outperforming the TSX-V, yet lagging behind its benchmark TSX Mining index. The TSX-V has dropped 5.8% and the TSX Mining index has fallen 2.7% over the same period. This is likely due to general declines in precious metals since our last report, slightly offset by increases in Base and Steel raw metals. This edition of the UM20 is highlighted by news of several acquisitions, as well as the discussion of two companies that have managed to stay in the green and one that has fallen more than its peers.

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