Sprott Resource Lending (SILU) gives an update to its Q4, saying it had a resource loan...

|About: Sprott Inc. (SPOXF)|By:, SA News Editor

Sprott Resource Lending (SILU) gives an update to its Q4, saying it had a resource loan portfolio of approximately $120M, with $77M in cash and marketable bonds at the end of 2011. Average interest on loans during the year was approximately 11.5%, while its average total rate of return was approximately 16.5%. Additionally, it raises its Q4 dividend to 1.5 cents per share, up from previous quarters.