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INTEGRA ANNOUNCES CONSISTENT SECOND QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$63 MILLION
Prnewswire· 2025-07-17 10:30
Core Viewpoint - Integra Resources Corp. is experiencing positive operational performance at the Florida Canyon Mine, with significant cash flow generation and plans for substantial reinvestment to support long-term growth and profitability [2][3]. Operational Update - Florida Canyon Mine produced 18,086 ounces of gold and sold 18,194 ounces during Q2 2025, aligning with company expectations [3]. - The total ore mined was 3,075 kt, with a waste-to-ore strip ratio of 0.96 for the quarter [3]. - The company plans to invest over $55 million in Florida Canyon for sustaining and growth capital in 2025 [2]. Financial Position - As of June 30, 2025, the company reported cash and cash equivalents of $63 million [4]. Upcoming Events - The company will release its Q2 2025 financial results on August 13, 2025, followed by a conference call on August 14, 2025 [1][6].
Integra Resources(ITRG) - 2025 Q2 - Quarterly Report
2025-08-13 20:55
[Annual General Meeting (AGM) Voting Results](index=1&type=section&id=Annual%20General%20Meeting%20(AGM)%20Voting%20Results) [Overview of AGM](index=1&type=section&id=Overview%20of%20AGM) Integra Resources Corp. held its AGM on June 27, 2025, with **57.39%** of outstanding shares voted - The Annual General Meeting of Shareholders was held on **June 27, 2025**[1](index=1&type=chunk) - A total of **96,983,535 shares** were voted, representing **57.39%** of the Company's outstanding shares[1](index=1&type=chunk) [Voting Results for Key Resolutions](index=1&type=section&id=Voting%20Results%20for%20Key%20Resolutions) Shareholders approved all proposed resolutions at the AGM, covering director appointments, auditor selection, and an equity incentive plan [Setting the Number of Directors](index=1&type=section&id=Setting%20the%20Number%20of%20Directors) | | For % | Against % | | :--- | :--- | :--- | | To Set the Number of Directors at Eight | 99.79% | 0.21% | - The resolution to set the number of directors at eight was approved[2](index=2&type=chunk) [Election of Directors](index=1&type=section&id=Election%20of%20Directors) | Nominees | For % | Withheld % | | :--- | :--- | :--- | | Anna Ladd-Kruger | 99.60% | 0.40% | | George Salamis | 98.80% | 1.20% | | Timo Jauristo | 99.22% | 0.78% | | C.L "Butch" Otter | 99.56% | 0.44% | | Carolyn Clark Loder | 99.26% | 0.74% | | Eric Tremblay | 99.55% | 0.45% | | Ian Atkinson | 99.55% | 0.45% | | Janet Yang | 99.87% | 0.13% | - Eight individuals were elected as directors for the ensuing year: **Anna Ladd-Kruger, George Salamis, Timo Jauristo, C.L. "Butch" Otter, Carolyn Clark Loder, Eric Tremblay, Ian Atkinson, and Janet Yang**[3](index=3&type=chunk) [Appointment of Auditors](index=1&type=section&id=Appointment%20of%20BDO%20Canada%20LLP%20as%20Auditors%20of%20the%20Company) | | For % | Withheld % | | :--- | :--- | :--- | | Appointment of BDO LLP as Auditors of the Company | 99.88% | 0.12% | - **BDO Canada LLP** was appointed as auditors of the Company, with remuneration to be fixed by the directors[3](index=3&type=chunk) [Approval of Amended and Restated Equity Incentive Plan](index=2&type=section&id=Approval%20of%20the%20Amended%20and%20Restated%20Equity%20Incentive%20Plan) | | For % | Against % | | :--- | :--- | :--- | | Approval of the Amended and Restated Equity Incentive Plan | 99.17% | 0.83% | - The Amended Plan is a "rolling" plan, where the aggregate number of common shares issued shall not exceed **10%** of the Company's issued and outstanding common shares[6](index=6&type=chunk) - The Amended Plan increases the number of incentive stock options reserved for issuance to **5,000,000**, restricted share units to **7,000,000**, and deferred share units to **4,000,000**[6](index=6&type=chunk) [About Integra Resources](index=2&type=section&id=About%20Integra%20Resources) [Company Profile and Operations](index=2&type=section&id=Company%20Profile%20and%20Operations) Integra Resources is a precious metals producer focused on profitability at Florida Canyon Mine and advancing key development projects - Integra is a growing precious metals producer in the **Great Basin of the Western United States**[7](index=7&type=chunk) - The Company is focused on demonstrating profitability and operational excellence at its principal operating asset, the **Florida Canyon Mine**, located in Nevada[7](index=7&type=chunk) - Integra is committed to advancing its flagship development-stage heap leach projects: the past producing **DeLamar Project (Idaho)** and the **Nevada North Project (Nevada)**[7](index=7&type=chunk) - The company aims to create sustainable value through successful mining operations, efficient project development, disciplined capital allocation, strategic M&A, and upholding high environmental, social, and governance (**ESG**) standards[7](index=7&type=chunk) [Disclaimers](index=2&type=section&id=Disclaimers) [Forward-Looking Statements](index=2&type=section&id=Forward%20Looking%20and%20Other%20Cautionary%20Statements) This news release contains forward-looking statements about Integra's future performance and projects, subject to inherent risks and uncertainties - The news release contains "forward‐looking statements" regarding future operational and financial performance, plans for the Florida Canyon Mine, advancement of DeLamar and Nevada North Projects, potential resource estimates, project economics, and strategic objectives including capital allocation and M&A activities[8](index=8&type=chunk) - Forward-looking statements are based on factors and assumptions and involve known and unknown risks and uncertainties that may cause actual performance and financial results to differ materially from projections[9](index=9&type=chunk) - Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated **March 26, 2025**, available on SEDAR+ and EDGAR[9](index=9&type=chunk) - The Company undertakes no obligation to update forward‐looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws[10](index=10&type=chunk) [Regulatory Disclaimer](index=3&type=section&id=Regulatory%20Disclaimer) Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for this release's adequacy or accuracy - Neither the **TSX Venture Exchange** nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release[11](index=11&type=chunk)
INTEGRA PROVIDES 2025 GUIDANCE; FOCUSED ON CONSISTENT OPERATIONS AND CAPITAL INVESTMENT AT FLORIDA CANYON AND SIGNIFICANT ADVANCEMENT OF DEVELOPMENT PROJECTS
Prnewswire· 2025-06-26 10:30
Core Viewpoint - Integra Resources Corp. has provided its 2025 guidance, outlining expectations for production, operating costs, capital expenditures, and development spending across its portfolio, particularly focusing on the Florida Canyon Mine and its development-stage projects, DeLamar and Nevada North [1][2][4]. Production and Cost Outlook - Gold production from the Florida Canyon Mine is projected to be between 70,000 and 75,000 ounces in 2025 [2][7]. - Total cash costs at Florida Canyon are expected to range from $1,800 to $1,900 per ounce sold [2][8]. - Mine-site all-in sustaining costs (AISC) are anticipated to be between $2,450 and $2,550 per ounce sold, reflecting a capital-intensive period [2][10]. - Sustaining capital expenditures are estimated at $48.0 million to $53.0 million, with a significant portion allocated to the third quarter of 2025 [2][9]. Capital Expenditures and Growth Initiatives - Growth capital expenditures at Florida Canyon are projected to be between $8.0 million and $10.0 million, focusing on expansion projects and studies [2][11]. - Approximately $1.5 million is allocated for a growth drilling program, which includes around 10,000 meters of reverse circulation drilling [2][11]. Development Projects - Total expected project development spending for the DeLamar and Nevada North projects in 2025 is estimated at $14.5 million to $15.5 million [2][12]. - At DeLamar, $12.0 million to $12.5 million is allocated for feasibility study completion and permitting advancement, with significant budget portions directed towards engineering studies and permitting activities [2][13]. - For Nevada North, approximately $2.5 million to $3.0 million is designated for metallurgical testing and geochemical sampling to support future development [2][14]. Strategic Goals - The acquisition of the Florida Canyon Mine aims to secure a reliable cash flow source to advance development projects and reduce reliance on annual equity financing [4]. - The company is focused on enhancing operational efficiency and extending the mine life of Florida Canyon through significant reinvestment and improvement initiatives [5][6].
Integra Resources: Solid Cash Flow During Q1 And Valuation Remains Very Attractive
Seeking Alpha· 2025-05-15 12:40
Company Overview - Integra Resources is a U.S. precious metals mining company with a producing mine, Florida Canyon, located in Nevada, and two development projects, DeLamar in Idaho and the Nevada North project [1] Investment Strategy - The company focuses on turnarounds in natural resource industries, typically maintaining a holding period of 2-3 years, emphasizing value for downside protection while still allowing for significant upside potential [2] - The portfolio has achieved a compounded annual growth rate of 27% over the last 6 years [2]
INTEGRA REPORTS FIRST QUARTER 2025 RESULTS, DEMONSTRATING CONSISTENT PERFORMANCE FROM FLORIDA CANYON GOLD MINE AND GROWING CASH POSITION
Prnewswire· 2025-05-14 22:14
Core Insights - Integra Resources Corp. reported strong gold production and positive financial results for Q1 2025, with a cash balance of $61.1 million, marking the company's strongest financial position ever [3][6][10] - The focus for 2025 includes optimizing operations at Florida Canyon, advancing permitting for DeLamar, and de-risking activities at Nevada North [3][18][20] Financial and Operating Highlights - Gold production from Florida Canyon was 19,323 ounces, with gold sold at 19,540 ounces and an average realized gold price of $2,888 per ounce [6][12][29] - Cash costs were $2,016 per ounce, and mine-site all-in sustaining costs (AISC) were $2,342 per ounce, with total AISC at $2,446 per ounce [6][13][30] - Adjusted earnings for Q1 2025 were $4.4 million, or $0.03 per share, with cash flow from operating activities at $16.1 million [6][8][32] Project Developments - The DeLamar Project's updated Mine Plan of Operations was submitted to the U.S. Bureau of Land Management, initiating the environmental review process [18][19] - A 10,000 meter reverse circulation drill program at Florida Canyon is underway, aimed at supporting resource growth and mine life extension [17] - Progress on the feasibility study for DeLamar is expected to be published in H2 2025 [19] Executive Appointments - Several key executives were appointed to enhance operational capabilities, including Clifford Lafleur as Chief Operating Officer and Dale Kerner as Vice President, Permitting [3][25][23]
INTEGRA ANNOUNCES INCLUSION IN THE SOLACTIVE GLOBAL SILVER MINERS TOTAL RETURN INDEX
Prnewswire· 2025-05-01 20:00
Core Viewpoint - Integra Resources Corp. has been included in the Solactive Global Silver Miners Total Return Index, effective May 1, 2025, marking a significant milestone for the company and enhancing its profile in capital markets [1][2]. Company Overview - Integra Resources is a growing precious metals producer located in the Great Basin of the Western United States, focusing on profitability and operational excellence at its Florida Canyon Mine in Nevada [3]. - The company is also advancing its development-stage heap leach projects, including the DeLamar Project in Idaho and the Nevada North Project in Nevada [3]. - Integra aims to create sustainable value through efficient project development, disciplined capital allocation, and strategic mergers and acquisitions while adhering to high environmental, social, and governance standards [3]. Market Impact - The inclusion in the Solactive Global Silver Miners Total Return Index is expected to enhance trading liquidity and attract a broader range of institutional and retail investors [2].
What Makes Integra Resources Corp. (ITRG) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-04-29 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Integra Resources Corp. (ITRG) - ITRG currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - Over the past week, ITRG shares increased by 2.37%, outperforming the Zacks Mining - Miscellaneous industry, which rose by 1.14% [5] - In the last month, ITRG's price surged by 42.74%, significantly higher than the industry's 1.05% increase [5] - Over the past quarter, ITRG shares rose by 66.98%, and over the last year, they increased by 123.77%, while the S&P 500 experienced declines of -8.61% and a modest gain of 9.87%, respectively [6] - The average 20-day trading volume for ITRG is 1,122,872 shares, indicating strong trading activity [7] Earnings Outlook - In the past two months, four earnings estimates for ITRG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.16 to $0.31 [9] - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, ITRG is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for investors seeking short-term gains [11]
Earnings Estimates Rising for Integra Resources (ITRG): Will It Gain?
ZACKS· 2025-04-23 17:20
Core Viewpoint - Integra Resources Corp. (ITRG) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price growth [1][2]. Earnings Estimate Revisions - Analysts have increased their earnings estimates for Integra Resources, reflecting growing optimism about the company's earnings prospects, which is expected to positively influence its stock price [2][3]. - The current-quarter earnings estimate is $0.07 per share, representing a year-over-year increase of +187.5%. The Zacks Consensus Estimate has risen by 15.39% over the last 30 days due to one upward revision and one downward revision [7]. - For the full year, the earnings estimate stands at $0.26 per share, showing a year-over-year increase of +252.94%. The consensus estimate has increased by 181.08% over the past month, with three estimates moving higher against one negative revision [8][9]. Zacks Rank and Performance - Integra Resources has achieved a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [10]. - The stock has appreciated by 32.6% over the past four weeks, driven by strong estimate revisions, suggesting that there may still be further upside potential [11].
Integra Resources (ITRG) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-04-23 17:00
Integra Resources Corp. (ITRG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since ...
INTEGRA ANNOUNCES STRONG FIRST QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$61 MILLION
Prnewswire· 2025-04-22 10:30
Core Insights - Integra Resources Corp. provided an interim operational update for Q1 2025, highlighting strong gold production and sales figures from the Florida Canyon Mine [1][2] Operational Highlights - The Florida Canyon Mine produced 19,323 ounces of gold and sold 19,540 ounces during Q1 2025, exceeding expectations due to the recovery of approximately 2,000 ounces of previously unrecovered gold [2][3] - Total ore mined was 3,021 kt, with a waste-to-ore strip ratio of 0.60, and a total of 4,820 kt mined [3] - The gold recovery rate was reported at 60.4%, with processed grades of 0.23 g/t Au [3] Financial Position - As of March 31, 2025, the company reported cash and cash equivalents of $61.1 million and working capital of $68.3 million [4][10] - Current assets were $117.0 million, while current liabilities stood at $48.7 million [10] Upcoming Events - Integra plans to release its Q1 2025 financial results on May 14, 2025, followed by a conference call on May 15, 2025, at 11:00 AM Eastern Time [1][5]