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Integra Mining director boosts stake in company with on-market trade

Integra Mining (ASX: IGR) executive director Rowan Johnston has boosted his direct stake in the company with an on-market trade.

Johnston bought 40,000 shares for a consideration of $18,600, providing an average entry price of around $0.465.

These are the first Integra shares to be held by Johnston, although he does hold two million unlisted options.

There is little wonder there is interest in Integra, 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 spot gold pushing through US$1700 an ounce today - the economics at the project just became a whole lot better.