Over a history spanning more than 20 years, Lion Selection Group has supported the formation or advancement of numerous successful mining companies including Independence Gold, Equinox, Mineral Deposits, LionOre, Resolute, Redback, Consolidated Minerals, Indophil, MPI, Gallery Gold, East African Gold Mines (which developed the North Mara mine which is now operated by Barrick) and Catalpa (which is now Evolution Mining).
Performance since the inception of Lion in 1997 has been market beating. In this time, Lion has generated returns to shareholders which have outperformed comparable market indices, totalling more than $3.33/share (on top of the value of a Lion share).
Historic Returns to shareholders
|Dividends and Cash Return||96.7|
|Off market buyback (December 2008)||811|
|Catalpa (now Evolution Mining) spin off (December 2009)||1552|
|Total distributions 1997 – present||333|
- $149,982,734.06 (total funds returned) ÷ 184,197,983 (shares on issue prior to the buyback) = $0.81/share.
- $1.55/share is the closing price of Catalpa on 11 December 2009, the first day Catalpa could be traded after completion of the Lion demerger