www.integramining.com.au
Integra Mining (ASX: IGR) transitioned from gold explorer to producer in September 2010 after pouring first gold from its flagship Randalls Gold Project.
The company has steadily built up its mineral portfolio through a series of acquisitions, joint ventures and strategic alliances, and now controls a consolidated tenement package of approximately 1,500km2 in the heart of the Eastern Goldfields of Western Australia.
Integra Mining managing director boosts holding with on-market purchase
Integra Mining (ASX: IGR) managing director Chris Cairns has boosted his indirect stake in the company with an on-market trade.
Cairns spent $25,000 to acquire 54,347 shares, for an average entry price of $0.46 - and now holds just under 1.87 million shares and 4 million unlisted options.
In afternoon trade Integra last changed hands at $0.49 - and there is a lot of interest in the stock caused by the jumping spot gold price and the falling Australian dollar.
In Australian dollar terms, an ounce of gold today is worth $1700, up from $1400 just one week ago.
With this in mind, Integra is well positioned to take advantage, with the company continuing to progress the Randalls Gold Project in Western Australia - and just last month boosted the Reserves 94% to 480,000 gold ounces.
The financial year 2012 forecast cash cost of production is just A$550 per ounce, and with the Australian value of a gold ounce heading north - the economics at the project just became a whole lot better.



















