Our recently-revised Ubika Gold 20 index outperformed the TSX Gold Index year over year
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The Ubika Gold 20 (UG20) Index gained 1% since our last report dated August 8, 2017, matching the TSX Gold Index, which was also up 1% and beating the Gold Spot price, which was down 1%, over the same period. Notable performers for this report include:
- Semafo Inc (TSX: SMF), which increased 23% following a Q2/2017 earnings release;
- B2 Gold Corp. (TSX: BTO), whose shares increased 18%, due primarily to a late September announcement that construction at its flagship Fekola mine has been completed three months ahead of schedule; and,
- Alamos Gold Inc. (TSX: AGI) that decreased 10%, following the announcement of the friendly acquisition of Richmont Mines (TSX: RIC) for US$770mm at a 22% premium.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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