Gold Stocks Fall Despite Geopolitical and Market Instability

Teranga Gold Corporation Jumps 20% to Top the Ubika Gold 20 Index of Canadian gold stocks

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The Ubika Gold 20 Index has declined 10.4% since our last report dated January 22, 2018, underperforming its benchmarks, the Gold Spot price and the Global Gold Index, which decreased 1.1% and 4.7%, respectively. Notable performers for this report include:

  1. Sabina Gold and Silver Corp. (TSX:SBB), which fell 13% due to a decrease in gold prices
  2. Equinox Gold Corp. (TSXV:EQX), which slipped 10% in spite of strong exploration results
  3. First Mining Gold Corp. (TSX:FF), which decreased 16% despite progress in permitting and negotiations

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

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