Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Richard Waxman | Associate | Ubika Research | Richard@UbikaResearch.com | 1 (647) 770-2185
Gold stocks continue to struggle on further U.S. dollar strength
Ubika Gold 20 (May 14, 2018 - July 03, 2018)
UG20: -4.5% (-8.4% Y/Y)
Gold Price: -5.4% (1.7% Y/Y)
TSX Gold Index: 0.4% (-9.1% Y/Y)
Dollar amounts in CAD unless otherwise stated.
Top Volume Gainers (m/m)
The Ubika Gold 20 Index has declined 4.5% since our last Gold Report on May 14, 2018. It outperformed the gold spot price over that period, which decreased 5.4%, but underperformed its TSX/S&P Global Gold Index benchmark which rose 0.4%. Some notable performers from the index were:
- Dalradian Resources Inc. (TSX:DNA, LSA:DALR), which increased 41% on news of a takeover offer by Orion Mine Finance.
- Alamos Gold. (TSX:AGI, NYSE:AGI), which increased 12% on news that it would be expanding one of its mining operations.
- Pretium Resources. (TSX:PVG), which increased 6% on news that it would expanding its flagship mining property.
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