Prnewswire·2025-12-17 23:33Core Insights - Integra Resources Corp. announced the results of its Feasibility Study for the DeLamar Gold and Silver Heap Leach Project, highlighting robust project returns and a strong economic profile [1][3][4] Feasibility Study Highlights - The project has an after-tax net present value (NPV) of $774 million at base case metal prices and $1.7 billion at spot prices, with internal rates of return (IRR) of 46% and 89% respectively [3][6] - The mine life is extended to 10 years with total life-of-mine production of 1.1 million ounces of gold equivalent [3][6] - Average production is projected at 119 thousand ounces of gold equivalent per year during the first five years, with cash costs below industry averages [3][6] Project Economics - Initial capital costs are estimated at $389 million, with sustaining capital of $305 million over the life of the mine [3][6] - The project has a base case NPV-to-capex ratio of 2.0 and a payback period of 1.8 years, improving to 4.4 and 1.1 years at spot prices [3][6] - Average after-tax free cash flow is projected at $165 million during the first five years [3][6] Community and Environmental Impact - The project is expected to create approximately 300 direct permanent jobs and has garnered local support through engagement with community stakeholders [3][4][5] - A simplified project layout and enhanced water management strategy are anticipated to facilitate permitting advantages [3][5] Mining and Processing Details - The operation will utilize conventional open-pit mining methods with a low strip ratio of 0.54:1, focusing on high-grade ore from the Florida Mountain deposit initially [3][26] - The updated two heap leach configuration aims to improve constructability and operational flexibility while managing environmental impacts [3][29] Infrastructure and Capital Costs - The project will leverage existing infrastructure from the historical DeLamar mine, minimizing new construction needs [36][37] - Capital cost estimates are based on vendor-supported pricing and recent costs from Integra's Florida Canyon mine [46][48]