Integra Resources(US:ITRG) Prnewswireยท2025-11-12 21:54Core Viewpoint - Integra Resources Corp. reported strong financial and operational results for Q3 2025, highlighting significant production at Florida Canyon and advancements in development projects, leading to the highest cash balance in the company's history [3][6][26]. Financial Highlights - Revenue for Q3 2025 reached $70.7 million, an increase from $61.1 million in Q2 2025, driven by higher gold sales at an average realized price of $3,464 per ounce [6][18]. - Mine operating earnings were $28.6 million, up from $25.2 million in Q2 2025, resulting in an operating margin of 40% [6][47]. - Adjusted earnings for the period were $16.3 million, or $0.10 per share, compared to $11.8 million, or $0.07 per share in Q2 2025 [6][20]. - The company reported a net loss of $8.2 million, or $0.05 per share, primarily due to unrealized derivative losses [6][19]. Operational Highlights - The company mined 2.5 million tonnes of ore and 3.4 million tonnes of waste at Florida Canyon, with a strip ratio of 1.34 [6][9]. - Gold production for the quarter was 20,653 ounces, an increase from 18,087 ounces in Q2 2025, with year-to-date production tracking in line with annual guidance [11][12]. - Cash costs averaged $1,876 per gold ounce, slightly up from $1,849 in Q2 2025, while mine-site all-in sustaining costs averaged $2,647 per gold ounce [15][16]. Development Projects - The company made significant progress on the DeLamar Project, including the acceptance of the Mine Plan of Operations and a new partnership agreement with the Shoshone-Paiute Tribes [3][28][31]. - The feasibility study for DeLamar is advancing, with updates expected in late 2025 [29]. - The Nevada North Project is also progressing, with metallurgical testing and environmental analysis ongoing [29]. Cash Flow and Financial Position - Operating cash flow for Q3 2025 was $35.6 million, a significant increase from $16.3 million in Q2 2025 [21]. - Free cash flow for the quarter was $20.2 million, or $0.12 per share, compared to $2.1 million, or $0.01 per share in Q2 2025 [25]. - As of September 30, 2025, the company had cash and cash equivalents of $81.2 million, up from $63.0 million at the end of Q2 2025 [26].