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INTEGRA ANNOUNCES STRONG THIRD QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$81.2 MILLION
Prnewswire· 2025-10-23 10:30
Core Viewpoint - Integra Resources Corp. reports a strong operational update for Q3 2025, highlighting significant cash flow generation and operational improvements at the Florida Canyon Mine, with a cash balance of approximately $81 million, marking the company's strongest financial position to date [2][7]. Operational Update - Florida Canyon Mine produced 20,653 ounces of gold and sold 20,265 ounces during Q3 2025, aligning with company expectations [4]. - The mine's operational performance was bolstered by increased solution flow rates and the commissioning of a new carbon-in-column circuit [4]. - The strip ratio increased to 1.34 due to enhanced capitalized waste stripping and adjustments in mining sequence to address dust suppression challenges [3][5]. Financial Position - As of September 30, 2025, the company reported cash and cash equivalents of $81.192 million [7]. - The financial results for Q3 2025 will be released on November 12, 2025, followed by a conference call on November 13, 2025 [1][8]. Future Developments - Construction of the Phase IIIb heap leach pad is ongoing, with commissioning expected in Q4 2025 [6]. - The company is revitalizing its mining fleet, including refurbishing existing equipment and ordering new haul trucks and loaders, which is anticipated to enhance mining productivity and reduce costs [6].
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]