IGR 0.00% 50.0¢ integra mining limited

Ann: Production Update , page-4

  1. 3,559 Posts.
    Looks like tooli was right and IGR are looking for overseas acquisitions.

    Pity there was no UG info, and the additional expected reserves dont seem to be enought to hold onto the SP rally. Guess we will just have to wait till JUly??
    Angers

    Integra is in advanced discussions with its project financiers to replace the existing project finance facility
    with a corporate facility of $20 million providing Integra with the financial capacity for opportunistic acquisitions. Integra’s total project debt is currently $8.4 million (down from an original $45 million) and is a
    very low level of gearing given the Randalls Gold Project has a defined 5 years of open pit mine life and the
    massive 1.9Mt stockpile containing over 90,000 ounces of gold at a grade of 1.53 g/t gold for which the
    mining cost has already been paid.
 
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