It was certainly a good day for Integra Gold (TSXV:ICG). The company announced on Wednesday that it has entered into an agreement to purchase the Sigma-Lamaque milling facility and mines, and it stands to reap a multitude of benefits from the transaction. The purchases is a substantial one. It includes the 2,200-tonne-per-day milling complex and tailings facility — which is located less than 500 meters from Integra's flagship Lamaque South project in Val-d'Or, Québec — in addition to permitted underground infrastructure, a mechanical shop, office and equipment. The deal will also encompass all mineral claims and mining concessions on the property. What's more, all of that cost Integra just $7.55 million, made up of $1.8 million in cash and 25 million common shares valued at $5.75 million. The transaction is expected to close in October. Good deal at a great price Integra President and CEO Stephen de Jong stated in Wednesday's release, "[f]or a myriad of reasons, this synergistic acquisition is exceptionally well tailored to our future needs and comes at an attractive price with minimal impact on our strong treasury." As Kerry Smith of Haywood Securities points out in a research note on Integra, the Sigma-Lamaque facilities were previously owned by Century Mining, which went bankrupt over two years ago. Since then, the court-appointed receiver of Century's assets "has been trying to sell this asset for the debt holders — with no success." Smith also notes that "the purchase price represents a significant discount to the replacement value of the milling and tailings infrastructure, estimated in 2014 by WSP Canada Inc., an independent engineering firm, at approximately $100 million exclusive of gold resources on the property."