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.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24338/integra-mining-one-of-australias-cheapest-gold-producers-pours-44703oz-in-december-half-24338.html
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