Teranga Gold Climbs to Top the Ubika Gold 20 Index

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

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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

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

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