Teranga Gold Climbs to Top the Ubika Gold 20 Index

Chris Thompson | Head of Research | Ubika Research | Chris@UbikaResearch.com | 1 (416) 574-0469
Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Maxim Medvedev | Associate | Ubika Research | Max@UbikaResearch.com | 1 (647) 936-6692
William Xiao | Associate | Ubika Research | William.x@gicpartners.com | 1 (647) 828-4632

Gold stocks fall, though, on the back of a stronger U.S. dollar

Ubika Gold 20 March 26, 2018 - May 11, 2018

UG20: 5.4% (-1.5% Y/Y)

Gold Price: -2.6% (7.6% Y/Y)

TSX Gold Index: 5.0% (-9.1% Y/Y)

Dollar amounts in CAD unless otherwise stated

Top Volume Gainers (m/m)

Note: All figures use price close on May 11, 2018.

The Ubika Gold 20 Index has increased 5.4% since our last report dated March 26, 2018, exceeding its benchmarks, the Gold Spot price and the Global Gold Index, which decreased 2.6% and increased 5.0%, respectively. Notable performers for this report include:

  1. Kirkland Lake Gold (TSX:KL), which climbed 22% due to strong exploration results and a positive Q1 2018 performance
  2. Alacer Gold Corp. (TSX:ASR), which rose 18% due to a positive Q1 2018 performance and near completion of its mine development
  3. Premier Gold Mines Ltd. (TSX:PG), which slipped 9% due to a negative Q4 2017 and lowered 2018 guidance

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