Silver Lake Resources

With the takeover of Integra Mining by Silver Lake Resources now complete, shareholders of the old Integra are now shareholders of the new Silver Lake. As we described in Silver Lake’s integral takeover on 08 Aug 12 (Accept Offer – $0.50), this is an excellent outcome that should please both parties. There are genuine savings to be made by combining the two miners. For example, by consolidating neighbouring properties, a systematic exploration program can be conducted over a larger swathe of land, saving perhaps $40m-$50m. Output from Silver Lake’s high grade operation can also be blended with lower grade material...

With the takeover of Integra Mining by Silver Lake Resources now complete, shareholders of the old Integra are now shareholders of the new Silver Lake. As we described in Silver Lake’s integral takeover on 08 Aug 12 (Accept Offer – $0.50), this is an excellent outcome that should please both parties.

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