The Ubika Gold 20 (UG20) remained positive following a higher gold price as the TSX Gold index lost nearly 3% during the past six weeks
The UG20 index has gained 1.0% since our last report dated June 19th, 2017, outperforming its benchmark TSX Gold index. The TSX Gold index declined 2.6% while the gold price increased 1.3% over the same period. The strong performance of the index can be attributed to a mix of a rising gold price and strong company-specific performances since the last report. Strong company-specific performances can be attributed largely to Kirkland Lake Gold (TSX: KL), which returned 26% over the period, and Premier Gold Mines (TSX: PG), which gained 15%. We discuss these companies, and more, in this edition of the UG20 report.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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