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Integra Mining: Van Eck Associates becomes substantial holder

Van Eck Associates Corporation acquired 42,381,895 ordinary shares in Integra Mining (ASX: IGR) between 9th January and 12th September 2011.

Van Eck Associates now holds a 5.02% stake in Integra Mining.

Integra Mining is 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 the Australian value of a gold ounce increasing, the economics at the project are improving further.