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Silver Lake Resources Substantial Shareholder Van Eck Increases Stake

Silver Lake Resources (ASX:SLR) substantial shareholder Van Eck Associates has increased its stake in the company to 11.88% from 10.18%.

This is due in large part to its acquisition of 4,037,383 shares for $1,877,383 on 20 June along with other shares received in kind.

Van Eck now holds 59,766,149 shares in the company.

Silver Lake produced 44,574 ounces of gold in the March 2014 quarter from its Mount Monger and Murchison operations in Western Australia.

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