TSX Gold Stocks Rise, Ubika Gold 20 Index Outperforms

Ubika Gold 20 Index has climbed 10.8% during the past five weeks, outperforming its benchmarks the Gold Spot price and the Global Gold Index

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The Ubika Gold 20 Index has climbed 10.8% since our last report dated December 11, 2017, outperforming its benchmarks, the Gold Spot price and the Global Gold Index, which returned 6.7% and 7.4%, respectively. Notable performers for this report include:

  • Teranga Gold Corporation (TSX:TGZ), which increased 24% on December 13 after the Company announced a JV with Sodim Limited, and 19% on the day of the Company’s January 10 Q4 production release, driven by the exceeded guidance.
  • Argonaut Gold (TSX:AR), which increased 11% on December 22 and 12% between January 9 and 16, due to rising gold prices.
  • Roxgold (TSX:ROXG), which increased 18% over December’s gold prices, and dropped 9% as BMO downgraded its rating.

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

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