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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: IGR
Latest Price: A$0.44  (3.53% Ascending)
52-week High: A$0.63
52-week Low: A$0.38
Market Cap: A$371.25M
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Integra Mining
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.

Full Integra Mining profile here
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Integra Mining: one of Australia's cheapest gold producers, pours 44,703oz in December half

19th Jan 2012, 5:28 am

Integra Mining (ASX: IGR) remains at the forefront of Australian gold producers, with the company pouring 44,703 gold ounces in the six months to December 2011, at an impressive cash cost of $549 per ounce.

This provided unaudited revenue of $63.7 million, with a cash profit from the operations of $37.2 million.

For the December quarter, 22,240 ounces were poured at the slightly higher cash cost of $592 - which was due to higher maintenance costs, while also being impacted by wet weather.


Upgraded facility outperforms

Importantly for even more improved economics for Integra's gold production, the company said that the upgraded processing facility is performing materially above expectation.

However crusher availability issues are being addressed.

Providing a major benefit to Integra is a new more efficient screening unit, which has been ordered and has been forecast to significantly reduce the recirculating load to the tertiary crusher.

Studies are also underway to de-bottleneck the crushing and classification areas to further expand the existing process facility throughput at modest capital cost.


High grade gold hits already in 2012

Integra is off to a strong start in 2012, and earlier in the month delivered gold-copper intersections including 6.2 metres at 13.43 grams per tonne (g/t) gold and 1.5% copper.

Highlights also include an interval of 2 metres at 31.1g/t gold and 1.3% copper, which are from the Imperial prospect within the company's Randalls Gold Project, located east of Kalgoorlie in Australia’s most prolific goldfield.

 

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