Gold Stocks Fall: Value Hunting for Gold Bugs or Catch the Falling Knife?

Pretium Resources (TSE:PVG) was the only one of our gold stocks in positive territory over the past two months

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The Ubika Gold 20 Index fell 10% since our last report dated October 10, 2017, underperforming its benchmarks, the Gold Spot price and the Global Gold Index which returned, -3.1% and -8.2%, respectively. Notable performers for this report include:

  • Pretium Resources Inc. (TSX:PVG), which increased 24% the day it announced strong initial production results.
  • Guyana Goldfields (TSX:GUY), which decreased 15% on November 28, likely driven by an RBC Capital Markets Inc. downgrade of the stock.
  • GoldQuest Mining Corp. (TSXV:GQC), which decreased 22% since our last report date despite the release of positive assays for its Cachimbo Property.

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.

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