Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Integra Mining piques the interest of Van Eck Associates Corporation

Integra Mining (ASX: IGR) has gained a new substantial shareholder with Van Eck Associates Corporation now holding a 5% stake, or 42.3 million shares, in the company.

The company is continuing on its path of success, with the pouring of 44,703 gold ounces in the six months to December 2011, at an impressive cash cost of A$549 per ounce.

This provided unaudited revenue of $63.7 million, with a cash profit from the operations of $37.2 million.

Importantly for even more improved economics for Integra's gold production, the company said this week the upgraded processing facility is performing materially above expectation.