Rio Alto Mining Ltd. Tops this Week's Ubika Gold 50 Index Report with a 30% Share Price Surge
Toronto, Ontario--(Newsfile Corp. - January 20, 2014) - Ubika Research has released the weekly performance report for "The Ubika Gold 50," an index of 50 high potential junior gold exploration companies.
This week's top gainer is Rio Alto Mining Ltd. (TSX: RIO) (CSE: RIO), which powered more than 30% higher on recent news (Jan 6, 2014) that it has received environmental approval for the La Arena Project Gold Oxide Mine in Peru, allowing the company to apply for permits for a future Phase 2 open pit sulphide mine and construct an 18,000 tonne per day copper/gold flotation plant and concentrator.
Other top Ubika Gold 50 gainers for the week ending January 17, 2014, include: Paramount Gold and Silver Corp. (TSX: PZG) (CSE: PZG), Guyana Goldfields Inc. (TSX: GUY) (CSE: GUY), Timmins Gold Corp. (TSX: TMM) (CSE: TMM), and Lydian International Ltd (TSX: LYD) (CSE: LYD).
Get your copy of the report and see the Top 50 performance compared to the TSX Venture Index: http://www.smallcappower.com/gold50.
Note: This week's Ubika Gold 50 Index includes only 48 companies. We removed Oromin Explorations Ltd. (TSX: OLE) since it was acquired by Teranga Gold Corporation (TSX: TGZ) (ASX: TGZ) and Rainy River Resources Ltd (TSX: RR) since it was acquired by New Gold Inc. (TSX: NGD).
About The Ubika Gold 50 Index: This index comprises our top fifty (50) promising junior gold exploration companies. We use various proprietary criteria in selecting these companies including market capitalization, trading volume, exploration location, type and size of deposits and their exploration stage.
About Ubika Research
Ubika Research is an investment research and capital market services firm based in Toronto with a proven track record of identifying and launching coverage of high potential small cap stocks (<$5 billion) at an early stage. For more information visit www.ubikaresearch.com.
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.
For additional information contact:
Manager, Media Relations