Prnewswireยท2025-08-13 21:02Core Insights - Integra Resources Corp. reported consistent gold production and positive financial results for Q2 2025, with a focus on capital investment and growth at Florida Canyon [4][21][29] Financial and Operating Highlights - Mined 3,074,440 tonnes of ore and 2,966,291 tonnes of waste at a strip ratio of 0.96, achieving a mining rate of 33,785 tonnes per day, a 1% increase from Q1 2025 [7][10] - Produced 18,087 gold ounces and sold 18,194 gold ounces at a record average realized price of $3,332 per ounce, generating record revenue of $61.1 million, exceeding Q1 2025 revenue of $57.0 million [7][21] - Mine operating earnings reached $25.2 million, representing a 41% operating margin, up from $15.5 million and 27% in Q1 2025 [7][9] - Adjusted earnings were $11.8 million, or $0.07 per share, compared to $4.4 million, or $0.03 per share in Q1 2025 [7][23] - Net earnings were $10.6 million, or $0.06 per share, compared to $1.0 million, or $0.01 per share in Q1 2025 [7][22] - Cash costs decreased to $1,849 per gold ounce sold from $2,016 in Q1 2025, while mine-site all-in sustaining costs (AISC) increased to $2,641 per gold ounce from $2,342 [7][18] Capital Expenditures - The company plans to invest over $55 million into Florida Canyon in 2025 for improvements and long-term growth [4] - In Q2 2025, $14.2 million was invested in sustaining capital, totaling $20.2 million for H1 2025 [16][18] Exploration and Growth - A resource growth-focused drill program at Florida Canyon was initiated, completing approximately 5,700 meters of drilling by the end of June 2025, with an expanded scope to 16,000 meters [19][20] - The company plans to release an updated mineral reserve and resource estimate and an updated life-of-mine plan in H1 2026 [19] Development Projects - The DeLamar Project is under review by the U.S. Bureau of Land Management, with an environmental review expected to commence in H2 2025 [29][30] - The Nevada North Project is advancing with metallurgical testing and environmental analysis completed, with permits anticipated in H2 2025 [31][32] Health, Safety, and Environment - The company reported zero fatalities and zero lost time incidents in Q2 2025, with a total recordable incident frequency rate of 1.89 [34]