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Endeavour says Van Eck boosts stake in company to over 13%

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Endeavour Mining (TSE:EDV) (ASX:EVR) (OTCQX:EDVMF) disclosed late Monday that shareholder Van Eck Associates has increased its stake in the gold miner from 48 million shares to 55.1 million shares as at August 31. 

The new amount represents about a 13.3 percent stake, Endeavour said. 

The Vancouver, BC-based gold mining company produces more than 400,000 ounces per year of the yellow metal from four mines in West Africa.

Shares fell 2.3 percent on Tuesday, to 86 Canadian cents.

Quick facts: Endeavour Mining Corp

Price: 33.06 CAD

TSX:EDV
Market: TSX
Market Cap: $3.68 billion
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