Dalradian Resources Stock Shines, Tops the Ubika Gold 20 Index

Gold stocks continue to struggle on further U.S. dollar strength

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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:

  1. Dalradian Resources Inc. (TSX:DNA, LSA:DALR), which surged 41% on news of a takeover offer by Orion Mine Finance.
  2. Alamos Gold (TSX:AGI, NYSE:AGI), which increased 12% on news that it would be expanding one of its mining operations.
  3. Pretium Resources (TSX:PVG), which rose 6% on news that it would expanding its flagship mining property.

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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