SmallCapPower | February 9, 2016: Lake Shore Gold Corp. (TSX: LSG) announced on February 8, 2016, that it has agreed to be acquired by Tahoe Resources Inc. (TSX: THO) in an all-stock transaction valued at approximately C$945 million. Lake Shore Gold is the ninth Ubika Gold 20 component company to be taken over since the Ubika Gold 50 Index, the predecessor to the Ubika Gold 20, was created in February 2010.
Did you know that Lake Shore Gold was also one of our Top Gold Junior Takeover Targets for 2016? (See the article here)
Lake Shore Gold is the ninth Ubika Gold 20 component company to be taken over since the Ubika Gold 50 Index, the predecessor to the Ubika Gold 20, was created in February 2010. The slimmed down Ubika Gold 20 was relaunched on May 2, 2014.
Other companies in the Gold 20 index that have been acquired in the past include Romarco Minerals, Rio Alto Mining, Sulliden Gold, Avion Gold, Gold-Ore Resources, PMI Gold Corp., Rainy River Resources, and RX Gold & Silver.
For most small cap investors there is a lack of good quality, widely available research and information on promising junior gold exploration companies. In selecting the companies, Ubika Research used a combination of qualitative and quantitative methodologies. Index constituents generally have certain market based criteria, including market capitalization between $2 billion and $25 million, three month average daily trading value above 100,000 and a price above $0.25. Ubika Research endeavors to select companies that can provide investors above average returns through earnings growth and exploration potential. Its selection process considers factors such as Net Asset Value (NAV) model, resource analysis, earnings criteria, management and geographical risk.
Despite a challenging year for gold stocks, the Ubika Gold 20 index outperformed both the TSX Gold index as well as the price of gold during the past 52 weeks. To discover more top gold stock performers get your copy of the Ubika Gold 20 index report here >>
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