Gold Stocks Fall on the Back of a Stronger U.S. Dollar
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The Ubika Gold 20 Index has declined 4.5% since our last Gold Report on May 14,
2018. It outperformed the gold spot price over that period, which decreased 5.4%,
but underperformed its TSX/S&P Global Gold Index benchmark which rose 0.4%.
Some notable performers from the index were:
1. Dalradian Resources Inc. (TSX:DNA, LSA:DALR), which increased 41% on
news of a takeover offer by Orion Mine Finance.
2. Alamos Gold. (TSX:AGI, NYSE:AGI), which increased 12% on news that it
would be expanding one of its mining operations.
3. Pretium Resources. (TSX:PVG), which increased 6% on news that it would
expanding its flagship mining property.
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