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INTEGRA REPORTS FIRST QUARTER 2025 RESULTS, DEMONSTRATING CONSISTENT PERFORMANCE FROM FLORIDA CANYON GOLD MINE AND GROWING CASH POSITION
Prnewswireยท 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]