Shares of Integra Gold Corp (TSXV: ICG), a junior gold miner, has witnessed a continued rally of more than 14% during each of the past two consecutive trading sessions with massive number of shares exchanging hands on the announcement for acquiring the Sigma-Lamaque milling and mining complex, adjacent to its Lamaque project in Val-d’Or, Québec. Yesterday, ICG was among the top performer in the Canadian diversified mining sector after jumping 20% and ended at C$0.30 while recording significant volumes of 3.4 million shares. During the past 5-trading sessions, ICG gained 36.4% while recording daily average trading volumes of 966,361 shares, while the stock accumulated over 43% in the past one-month with daily average trading volume of 312,875 shares. The stock is up 67% year-to-date.
Recently, ICG reported that it has entered into an asset purchase agreement to acquire the Sigma-Lamaque Milling Facility and Mines, adjacent to its Lamaque Project in Québec for C$7.6 million representing $1.8 million in cash and 25 million at a share price of $0.23 per share. The assets include a permitted 2,200-t/d mill and tailings facility, an underground mine with three portals, mechanics’ shop, office, dry, equipment, and all mining concessions and mineral claims on the Sigma-Lamaque property.
Company Description:
Integra Gold Corp (TSXV: ICG) explores for gold and diamonds. The company operates on the Back Lake, Chapleau and Lamaque gold properties in Quebec, Ontario and the Northwest Territories in Canada; and the Wawa diamond property in Ontario.
1-Year Stock Chart:
Source: Bloomberg
