October 12, 2011Integra Mining Has Annual Production Of 140,000...

October 12, 2011

Integra Mining Has Annual Production Of 140,000 Ounces Of Gold Already In Sight, But Longer-Term Is Aiming For Much, Much More
By Our Man in Oz

Until recently investors have viewed Integra Mining simply as a difficult-to-understand small Australian gold producer and left it at that. Its growth plans were difficult, and its technical reports were too. But that view is changing as Integra puts runs on the board, with the promise of more to come. Over the past three months the company has quietly completed a major process plant upgrade on time and under budget, lifted gold extraction above design expectation, boosted gold reserves, maintained a US$1,000 per ounce operating margin, and unleashed a potential company-changing exploration program. But while all that has been happening Integra’s share price has barely moved, seemingly stuck in tramlines between A40 cents and A50 cents.

It’s not alone with the share price issue. Many other gold miners have watched a gap open between their shares and the price of physical gold. But Integra is not just another small gold company struggling to be heard in an over-crowded sector of market. It is a rare example of a small company with big company ambitions, backed by a vast tenement position in Australia’s most prolific gold-producing region, an expanding inventory of gold in the ground, and plans to create multiple processing...

http://minesite.com/news/integra-mining-has-annual-production-of-140-000-ounces-of-gold-already-in-sight-but-longer-term-is-aiming-for-much-much-more

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