Alio Gold, Kirkland Lake Gold Soar to Top the Ubika Gold 20 Index

Junior gold stocks have had a rough ride of late as can be seen by the performances of the Ubika Gold 20 and its benchmark

It has been a poor couple of months for the Ubika Gold 20 (UG20), as the Index has returned -15.7%, lagging both its benchmarks TSX Gold Index and the gold bullion, which returned -7.8% and 0.1%, respectively. Since gold bullion yielded a slight positive return whereas the Index did not, the poor return of the Index must be attributable to poor individual company performance. It has been an exciting past couple of months for gold companies due to rising U.S. interest rates, as well as M&A activity in the sector. All this and more in this edition of the UG20.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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