US Market News
2週前
INTEGRA STRENGTHENS ITS LEADERSHIP TEAM WITH THE APPOINTMENT OF THREE SEASONED MINING EXECUTIVESMay 26, 2026 6:30 AM
PR Newswire (US) TSXV: ITR; NYSE American: ITRGwww.integraresources.comVANCOUVER, BC, May 26, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce the appointment of Scott Trebilcock, as Senior Vice President, Corporate Development, Whitney Buhlin, as Vice President, Human Resources, and Josh Serfass as Vice President, Business Development & Investor Relations. George Salamis, President, Chief Executive Officer and Director of Integra, commented:"With the appointments of Scott, Whitney, and Josh, we believe Integra now has the leadership team in place to support the Company's next phase of growth as a diversified U.S.-focused gold producer. Each of these individuals brings deep mining industry experience, complementary skill sets, and proven leadership in their respective fields. Importantly, these appointments complete the final key additions to our executive leadership team as we continue to focus on operational execution, disciplined growth, and long-term value creation for our shareholders."Scott Trebilcock, Senior Vice President, Corporate DevelopmentScott Trebilcock has over 30 years of experience as a process engineer, management consultant and mining executive. Mr. Trebilcock, initially a Hatch chemical engineer, became a management consultant focused on U.S. heavy industry. Mr. Trebilcock returned to mining in 2007, working corporate development and investor relations roles at pioneering Nautilus Minerals, Nevsun Resources and Mandalay Resources, among others. At Nevsun, he led the acquisition of Reservoir Minerals Inc. and then the acquisition of Nevsun by Zijin Mining Group Co., Ltd. for $1.8 billion. Most recently, Mr. Trebilcock was the Chief Development Officer of Mandalay Resources Ltd. where he developed and executed the M&A and investor relations strategy resulting in a $1 billion merger transaction with Alkane Resources. Mr. Trebilcock has a B.Sc. in Chemical Engineering and MBA from Queen's University and is a professional Chartered Director (C.Dir). Mr. Trebilcock's appointment is effective May 25, 2026.Whitney Buhlin, Vice President, Human ResourcesWhitney Buhlin is a strategic and operations-focused human resources executive with nearly 20 years of experience in the mining industry. She brings broad generalist experience across all aspects of human resources ("HR"), including people strategy, total rewards, talent management and organizational effectiveness, and has held progressively more senior HR leadership roles supporting multi-jurisdictional operations across North and South America. Prior to joining Integra, Ms. Buhlin spent 12 years at Capstone Copper Corp., most recently serving as Director, Human Resources, where she led the corporate HR function. During her tenure, she supported the evolution of the business through portfolio transformation and growth, including acquisitions, divestitures and the integration of Capstone Mining Corp. and Mantos Copper (Bermuda) Limited, and played a key role in scaling the HR function to align with the company's expanding operational footprint. Ms. Buhlin began her career at NovaGold Resources Inc. and later joined Trilogy Metals Inc. as part of its spin-out. She holds a Diploma in Business Management from Kwantlen Polytechnic University. Ms. Buhlin's appointment is effective May 19, 2026.Josh Serfass, Vice President, Business Development & Investor Relations Josh Serfass is a mining industry professional with over 14 years of experience in investor relations, corporate development and communications. Mr. Serfass was most recently the Director of Corporate Development at VRIFY Technology Inc. ("VRIFY"), where he led growth initiatives for VRIFY's AI-assisted mineral exploration software, DORA. He worked closely with clients to drive adoption and integration of the software into exploration workflows, enabling faster, data-driven decision-making. Mr. Serfass was also part of the leadership team that guided VRIFY through its Series B financing and subsequent growth. Prior to VRIFY, Mr. Serfass served as Vice President, Investor Relations at Integra Resources, seeing the Company through key growth years at DeLamar and Nevada North. He was also a key member of the corporate team at Integra Gold Corp. that advanced, developed, and ultimately sold the Lamaque Mine in Val-d'Or, Québec to Eldorado Gold Corporation for C$590 million in 2017. Mr. Serfass' appointment is effective May 18, 2026.Grant of Equity Incentive AwardsOn May 25, 2026 the Company granted a total of 177,429 options and 109,882 restricted share units (together, the "Equity Incentive Awards") to certain executives of the Company. The Equity Incentive Awards have been granted pursuant to the Company's Amended and Restated Equity Incentive Plan and are subject to vesting provisions. The options granted have an exercise price of C$3.46 per share and will expire 5 years from the date of grant.About Integra Resources Corp.Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the Company's expected next phase of growth as a diversified U.S.-focused gold producer; the anticipated contributions of the Company's executive leadership team; the Company's ability to execute on its operational and strategic objectives; disciplined growth initiatives; the creation of long-term shareholder value; the Company's plans, objectives and expectations in respect of its projects; and the future financial or operating performance of the Company.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-strengthens-its-leadership-team-with-the-appointment-of-three-seasoned-mining-executives-302781361.htmlSOURCE Integra Resources Corp. Original: INTEGRA STRENGTHENS ITS LEADERSHIP TEAM WITH THE APPOINTMENT OF THREE SEASONED MINING EXECUTIVES
US Market News
4週前
INTEGRA REPORTS FIRST QUARTER 2026 RESULTS; RECORD TOTAL TONNES MINED, AND STRENGTHENED FINANCIAL POSITIONMay 11, 2026 5:21 PM
PR Newswire (US) TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, May 11, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce financial and operating results for the three months ended March 31, 2026 (the "first quarter" or "Q1 2026"). The Company will host a conference call to discuss first quarter 2026 results on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time. (All amounts expressed in United States ("U.S.") dollars unless otherwise stated)First Quarter 2026 Highlights:Mined 3.0M tonnes of ore and 3.9M tonnes of waste at a strip ratio of 1.30 at the Florida Canyon Mine (the "Florida Canyon Mine" or "Florida Canyon" or the "Mine") for Q1 2026. As a result, ore mining rates were 33,421 tonnes per day ("tpd") and total tonnes mined were 76,800 tpd, a record for the Mine.In Q1 2026, Florida Canyon produced 12,635 gold ounces and sold 12,518 gold ounces at a record average realized price of $4,854 per gold ounce.Quarterly revenue of $61.7 million in Q1 2026, compared to revenue of $57.0 million in Q1 2025.Mine operating earnings of $24.9 million in Q1 2026 compared to $15.5 million in Q1 2025. Operating margin of 40% in Q1 2026 was improved from the 27% operating margin recorded in Q1 2025.Q1 2026 adjusted earnings(1) of $12.9 million, or $0.07 per share, compared to $4.4 million, or $0.03 per share in Q1 2025. Adjustments were largely related to unrealized gains associated with the bullion contracts, losses on the disposal of mineral properties, plant, and equipment, and deferred tax expenses.Q1 2026 net earnings of $12.5 million, or $0.06 earnings per share improved from the net earnings of $1.0 million, or $0.01 earnings per share recorded in Q1 2025.Cash costs(1) averaged $2,422 per gold ounce and Mine-site all in sustaining costs(1) ("Mine-site AISC") averaged $3,310 per gold ounce in Q1 2026, both impacted by lower gold ounces sold, higher royalties and excise taxes on gold sales from higher than planned metal prices, and increased diesel prices.Operating cash flow of $13.8 million decreased from $15.7 million in Q1 2025, largely due to a $12.1 million increase in cash used for working capital, largely inventory buildups, partially offset by stronger mine operating earnings supported by higher metal prices.Free cash flow(1) was $3.0 million, or $0.02 per share, for Q1 2026.Cash and cash equivalents of $105.8 million at March 31, 2026, an increase from $63.1 million at December 31, 2025 and benefitting from the $57.5 million bought deal public offering completed during the quarter.The Company commissioned six new Caterpillar 785 haul trucks during the quarter, materially enhancing mining capacity and supporting higher sustained mining rates going forward.The Company raised gross proceeds of $61.6 million ($57.5 million net of underwriting commissions and issuance costs of $4.1 million), through a bought deal public offering in Q1 2026 significantly strengthening the Company's balance sheet and funding near-term growth initiatives at the DeLamar Project (the "DeLamar Project" or "DeLamar"). Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project and funded the $12.5 million acquisition of a strategic land position near the DeLamar Project.Continued advancement of the resource growth drilling program at Florida Canyon in Q1 2026. The drilling program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources. The Florida Canyon technical report is on track and expected to be released in the third quarter of 2026.Continued engagement with stakeholders across Nevada, Idaho, and Oregon, including local communities, civic and non-profit organizations, government officials, and Tribal Nations.The Company filed its Feasibility Study Technical Report ("FS") for the DeLamar Project on February 2, 2026, with an effective date of December 8, 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return.(1)Refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release and associated MD&A for a description and calculation of these measures.George Salamis, President, CEO and Director of Integra commented:"Q1 2026 demonstrated the continued strength of Integra's transformation into a growing and profitable U.S.-focused gold producer," said George Salamis, President, CEO and Director of Integra. "At Florida Canyon, we achieved record mining rates and strengthened operational flexibility during the quarter due to the significant reinvestment in our haulage fleet over the past 12 months. The Company continues to generate strong operating margins and free cash flow despite temporary production timing impacts that we expect to recover over the balance of the year. Importantly, we maintained our full-year production guidance, underscoring our confidence in the operation and the investments we have made to support higher sustained mining rates and future production growth.In parallel, we significantly strengthened our balance sheet through a successful bought deal financing, ending the quarter with more than $105 million in cash to support near-term growth initiatives, including the continued advancement and de-risking of DeLamar. Over the past year, we have advanced DeLamar through feasibility work, permitting milestones, strategic land acquisitions, and FAST-41 coordination, while continuing to expand exploration and technical work across our broader portfolio. With an updated Florida Canyon mine plan and technical report expected later this year, permitting momentum at DeLamar, pre-feasibility work at Nevada North, a record-sized 50,000 meter exploration program and production expected to grow meaningfully in 2027 and 2028, we believe 2026 represents an important inflection point as we continue building a sustainable, multi-asset intermediate gold producer in the United States."Financial and Operating HighlightsUnit abbreviations in tables: kt = thousand tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce, $000s = thousands of U.S. dollars, $/sh = U.S. dollars per share, $/oz = U.S. dollars per gold ounce, $/oz sold = U.S. dollars per gold ounce sold.
Three months ended March 31,Operating HighlightsUnit20262025Ore minedkt3,0083,021Waste minedkt3,9021,799Total Minedkt6,9104,820
Crushed ore to padkt1,7841,764Run of mine ore to padkt1,0741,199Total placedkt2,8582,963
Strip ratiowaste/ore1.300.60Ore mined/daytpd33,42133,572Total mined/daytpd76,77253,555
Gold
Average gradeg/t0.190.23Recovery%59.9 %60.4 %Producedoz12,63519,323Soldoz12,51819,540
Three months ended March 31,Financial HighlightsUnit20262025Revenue$ millions61.7$ 57.0Cost of sales$ millions(36.9)$ (41.5)Mine operating earnings$ millions24.9$ 15.5Earnings for the period$ millions12.5$ 1.0Earnings per share (basic)$/share0.06$ 0.01Adjusted earnings for the period(1)$ millions12.9$ 4.4Adjusted earnings per share (basic)(1)$/share0.07$ 0.03Operating cash flow$ millions13.8$ 15.7Operating cash flow per share (basic)$/share0.07$ 0.09Free cash flow(1)$ millions3.0$ 9.7Free cash flow per share (basic)$/share0.02$ 0.06Cash costs(1)$/oz sold2,422$ 2,016Mine-site AISC(1)$/oz sold3,310$ 2,342(1)Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release.Financial Position
March 31, 2026December 31, 2025Cash and cash equivalents$ millions$ 105.8$ 63.1Working capital(1)$ millions$ 139.7$ 92.9(1)Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release.MiningIn Q1 2026, the Company mined 3.0M tonnes of ore from its open pit operations at Florida Canyon, consistent with tonnes mined in Q1 2025. The Company also mined 3.9M tonnes of waste in Q1 2026 in line with plan, resulting in a strip ratio of 1.30, up from 1.8M tonnes of waste and a strip ratio of 0.60 in Q1 2025. The higher strip ratio in Q1 2026 results from the Company's stated commitment of reinvestment through increased capitalized waste stripping and ramping up new mining areas, as outlined in its 2026 guidance.Mining activities at Florida Canyon during the first quarter 2026 increased significantly, achieving a record mining rate of 76,800 total tonnes per day and positioning the operation to deliver improved operational flexibility and production consistency in future quarters. This increase was driven by the addition of the six Caterpillar 785 haul trucks commissioned during the quarter, completing the expansion of the fleet since 2025 to include eight Caterpillar 785 haul trucks, one Caterpillar 992HL loader and one Hitachi EX3600 front shovel. With increased haulage capacity and an enhanced mining fleet, the operation is better equipped to manage the historical waste stripping inherited from prior operators.The Company expects production to trend higher through the balance of 2026 as mining rates remain elevated and leach pad performance continues to normalize.ProductionIn Q1 2026, the Company produced 12,635 ounces of gold, compared to 19,323 ounces in Q1 2025. Approximately 3,000 ounces were deferred from current quarter production due to temporarily reduced solution flow rates to a specific Phase II leach pad cell. The cell contains fine ore from the newly opened N2 pit, and a blending strategy has been developed to maintain nominal leach rates for this fine material. With this approach, together with the ramp up of the Phase IIIB leach pad, the Company expects to meet its annual gold production guidance of 70,000 to 75,000 ounces, with the majority of deferred first quarter ounces expected to be recovered through ongoing leaching over the remainder of 2026.Average gold process recoveries were 59.9% in Q1 2026 slightly less than the 60.4% recovery achieved in Q1 2025. Annual recoveries were in line with expectations.Sustaining and Non-sustaining Capital The first quarter of 2026 continued to mark a capital-intensive period across the Company's portfolio of assets with several key activities during the quarter. These investments reflect a deliberate focus on de-risking the portfolio and positioning the Company for sustainable production growth.In Q1 2026, the Company invested $10.8 million in sustaining capital, compared to $6.0 million in Q1 2025. This increase reflects the Company's reinvestment strategy through new equipment leases, increased capital stripping, and mobile equipment refurbishments. The Company expects increased investment in sustaining capital expenditures to continue into Q2.The Company also invested $1.8 million in non-sustaining growth capital during the first quarter with no comparative amount in Q1 2025. This spending was primarily directed toward the growth-focused capital stripping and drilling programs at the Florida Canyon Mine discussed further in the Exploration section below, as well as equipment lease payments for the expanded fleet.These expenditures are in line with the Company's 2026 Guidance.Cash Costs and Mine-site AISCCash costs averaged $2,422 per gold ounce and Mine-site AISC averaged $3,310 per gold ounce in Q1 2026, both metrics were elevated, with cash costs above the Company's guidance range of $1,900 to $2,100 per ounce and Mine-site AISC above the Company's guidance range of $2,750 to $2,950 per ounce due to lower gold ounces sold, higher royalties and excise taxes on gold sales from higher than planned metal prices, and increased diesel prices.Royalties and excise taxes, which constitute a material component of cash costs and Mine-site AISC, are directly impacted by fluctuations in the gold price. The Company's guidance assumed an average gold price of $3,800 per ounces, and a $100 per ounce change in the gold price results in an estimated $7 change to both cash costs and Mine-site AISC.ExplorationIn Q1 2026, the Company completed 8,530 meters of its 42,500 meter 2026 growth focused drilling program at Florida Canyon. The 2026 program continues on the success of the 2025 program focusing on four key areas: (1) Resource development at the Florida Canyon Mine Property; (2) underexplored extensions of Florida Canyon gold mineralization; (3) Standard Mine area targets; and (4) greenfield exploration targets. The program is specifically designed to support resource and reserve growth and extend mine life at Florida Canyon.Program expenditures totaled $1.5 million in Q1 2026.Selected Q1 Financial ResultsRevenue In Q1 2026 the Company sold 12,518 ounces of gold at average realized prices of $4,854 per ounce of gold generating revenue of $61.7 million, compared to 19,540 ounces at average realized prices of $2,888 per ounce in Q1 2025, resulting in revenues of $57.0 million.Net Earnings During the three months ended March 31, 2026, net earnings were $12.5 million compared to net earnings of $1.0 million for the same period in 2025. The net earnings in Q1 2026 largely resulted from strong mine operating earnings supported by record average realized gold prices.Q1 2026 adjusted earnings of $12.9 million, or $0.07 per share, increased compared to adjusted earnings of $4.4 million or $0.03 per share in Q1 2025. The increase was primarily related to $9.4 million in higher mine operating earnings as a result of higher gold sales with higher average realized prices.Cash FlowCash flows provided by operations in Q1 2026 totaled $13.8 million, a decrease of $1.9 million compared to the $15.7 million generated in Q1 2025. The primary driver of this decrease is related to a $12.1 million increase in cash used for working capital, largely driven by inventory buildups, partially offset by increased cash flow from improved mine operating earnings that benefited from higher metal prices.During the first quarter, the Company made payments of $30.4 million for mineral properties, plant and equipment, and leases, which included $17.7 million invested at the DeLamar Project, largely on de-risking activities, of which $3.4 million related to an initial deposit to Idaho Power for planning work on upgrading the existing power infrastructure, and $12.5 million for the acquisition of a strategic land position near the DeLamar Project. Additionally, $10.8 million in payments were related to sustaining capital and $1.8 million were related to non-sustaining capital expenditures at Florida Canyon. This increased from payments of $6.4 million for mineral property, plant and equipment, and leases made in Q1 2025, which were related to sustaining capital expenditures at Florida Canyon.Q1 2026 free cash flow generated of $3.0 million, or $0.02 per share, was lower than $9.7 million, or $0.06 per share, generated in Q1 2025.Financial PositionAs at March 31, 2026, the Company had a cash and cash equivalent balance of $105.8 million, an increase of $42.7 million from $63.1 million at December 31, 2025.The Company's working capital was $139.7 million on March 31, 2026, reflecting a $46.8 million increase from December 31, 2025. This improvement was largely attributable to a $42.7 million increase in cash, benefiting from the $57.5 million bought deal public offering and robust operational performance, the payment of $6.9 million in trade and other payables, the buildup of $4.8 million in inventories, partially offset by a buildup of $2.8 million in tax liabilities, and $2.4 million in current lease liabilities from new equipment.Development ProjectsCapital and exploration expensesIn Q1 2026, the Company incurred $4.0 million in exploration and development expenses, largely for engineering and permitting work at the DeLamar Project. In addition, the Company invested $17.7 million in mineral property, plant, and equipment at DeLamar, including $16.5 million in de-risking activities, of which $3.4 million related to an initial deposit to Idaho Power to begin planning work on upgrading the existing power infrastructure, and $12.5 million for the acquisition of a strategic land position near the DeLamar Project.PermittingIntegra's 2025 DeLamar Project Mine Plan of Operations ("MPO") Version 4.1 was determined to be administratively complete in August 2025, meeting the content requirements at 43 CFR 3809.401(b). Through the preparation of environmental resource modeling and completion of the FS, select project refinements have been incorporated to reduce potential environmental impacts. An optimized MPO Version 4.3 has been developed and was submitted to the United States Bureau of Land Management (the "BLM") on May 1, 2026. The MPO Version 4.3 is the project proposed action and will serve as the basis for BLM's environmental review of the DeLamar Project under the National Environmental Policy Act ("NEPA"). Following the publishing of the Notice of Intent in Q2 2026, public and agency scoping will identify environmental concerns (issues) associated with project implementation. These issues will inform the development of potential alternatives. Environmental effects analysis of the DeLamar Project and a no action alternative will be issued in an Environmental Impact Statement ("EIS") . In the EIS and accompanying record of decision, anticipated in Q3 2027, the BLM will identify a preferred alternative and any required mitigation measures required for the DeLamar Project implementation. Following the NEPA process, a final revised MPO will be prepared that incorporates the preferred alternative and any identified mitigation measures. Once all applicable federal, state and local permits are obtained, the DeLamar Project will commence construction.The DeLamar Project's permitting timeline was posted to the FAST-41 project dashboard on January 13, 2026. The FAST-41 Transparency Project program is a federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency. Agencies must develop and maintain a coordinated, project-specific timetable for all required environmental review and permitting actions. Integra will be designated a dedicated project advisor from the Permitting Council, who will monitor the advancement of the project – maintaining active engagement and coordination across multiple regulatory agencies. The Permitting Council provides high-level oversight to ensure that federal agencies adhere to established timetables. The DeLamar Project's permitting timeline posted to the FAST-41 project dashboard highlights an accelerated 15 month NEPA schedule from start to finish.The Company completed its FS for the DeLamar Project with an effective date December 8, 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. The FS outlines total production of 1.1 million ounces of gold equivalent ("AuEq") over a 10-year operating mine life (plus two years of residual leaching), resulting in an average annual production profile of 106,000 ounces AuEq per annum at a co-product Mine-site AISC of $1,480 per ounce ("/oz") AuEq. Initial capital cost are $389 million, including $38 million of owners' cost, and sustaining capital of $305 million over the mine life. The DeLamar Project generates an after-tax net present value ("NPV5%") of approximately $774 million with an after-tax internal rate of return ("IRR") of 46% at base case gold and silver prices of $3,000/oz and $35/oz, respectively. After-tax NPV5% improves to approximately $1.9 billion and after-tax IRR to 97% using recent gold and silver prices of $4,500/oz and $65/oz, respectively.During the quarter the Company also advanced the Nevada North Project, which consists of the Wildcat Deposit ("Wildcat") and the Mountain View Deposit ("Mountain View") (collectively, the "Nevada North Project" or "Nevada North"). A preliminary hydrogeological study completed at Wildcat in Q4 2025 provided preliminary data related to groundwater depth, flow direction and water quality. Additional hydrogeological data collection in 2026 will support the development of a hydrogeological conceptual site model ("HCSM") and further assessment of potential water management and supply issues impacting mining and reclamation planning. Decision record documentation for the Wildcat Exploration Plan of Operations ("EPO") is complete as of April 9, 2026, and the Reclamation Permit from Nevada Division of Environmental Protection ("NDEP") Bureau of Mining Regulation and Reclamation ("BMRR") was received on April 20, 2026, with an effective date of May 5, 2026. The Wildcat EPO, now fully approved, will provide greater flexibility for significantly expanded exploration and hydrogeological drilling campaigns scheduled to begin in Q2 2026. At Mountain View, environmental analysis for the EPO is also complete, and the NDEP BMRR Reclamation Permit is anticipated in Q2 2026. Once fully approved and permitted, the Mountain View EPO will provide greater flexibility for significantly expanded exploration and drilling campaigns in the future. Integra expects to begin work on an updated technical report for Nevada North in 2026 with a target release date in early 2027.External affairs activities for the quarter maintained broad stakeholder engagement, with the most frequent stakeholder categories including local residents, civic and non-profit organizations, government and elected officials, and Tribal Nations, totaling over 4,250 stakeholders engaged in Nevada, Idaho, and Oregon. Specific initiatives included workforce development planning, community wood-bank support, seasonal food-bank holiday drives, industry conferences, and Tribal Relationship Agreement implementation. Targeted engagement informing mine planning and design included regenerative grazing, park & ride location, reclamation planning, visual effects, Indigenous knowledge and cultural studies.Health, Safety and EnvironmentIntegra experienced zero fatalities and zero lost time incidents in Q1 2026. Zero MSHA-reportable injuries occurred at Florida Canyon in Q1 2026. The 2026, year to date total recordable incident frequency rate ("TRIFR") at Florida Canyon was zero compared to 1.79 for 2025.Integra recorded zero quarterly or immediately reportable spills and 2 minor reportable permit noncompliances for the quarter.Financial StatementsIntegra's consolidated financial statements and management's discussion and analysis as at and for the three months ended March 31, 2026, are available on the Company's website at www.integraresources.com, and under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Hard copies of the financial statements are available free of charge upon written request to info@integraresources.com.Q1 2026 Conference Call and Webcast Details The Company will host a conference call and webcast on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time to review its financial and operating results for the first quarter of 2026. Details for the conference call and webcast are included below.Dial-In Numbers / Webcast:Conference ID: 1860723
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/227670078About Integra Resources Corp.Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: +1 (604) 416-0576Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")Non-GAAP Financial MeasuresManagement believes that the following non-GAAP financial measures will enable certain investors to better evaluate the Company's performance, liquidity, and ability to generate cash flow. These measures do not have any standardized definition under IFRS, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.Average realized gold price Average realized gold price per ounce is calculated by dividing the Company's gross revenue from gold sales for the relevant period by the gold ounces sold, respectively. The Company believes the measure is useful in understanding the gold prices realized by the Company throughout the period. The following table reconciles revenue and gold sold during the period with average realized prices:
Three months ended
March 31,
20262025Gold revenue$ 60,757$ 56,430Gold ounces sold during the period12,51819,540Average realized gold price (per oz sold)$ 4,854$ 2,888Capital expendituresCapital expenditures are classified into sustaining capital expenditures or non-sustaining capital expenditures depending on the nature of the expenditure. Sustaining capital expenditures are those required to support current production levels. Non-sustaining capital expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended to increase production or extend mine life. Management believes this to be a useful indicator of the purpose of capital expenditures and this distinction is an input into the calculation of AISC.The following table reconciles payments for mineral properties, plant and equipment, and equipment leases to sustaining and non-sustaining capital expenditures:
Three months ended
March 31,
20262025Payments for mineral properties, plant and equipment$ 8,976$ 3,785Payments for equipment leases3,5922,234Total capital expenditures12,5686,019Less: Non-sustaining capital expenditures(1,788)—Sustaining capital expenditures$ 10,780$ 6,019Free cash flowFree cash flow, a non-GAAP financial metric, subtracts sustaining capital expenditures from net cash provided by operating activities, serving as a valuable indicator of our capacity to generate cash from operations post-sustaining capital investments. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:
Three months ended
March 31,
20262025Operating cash flow (1)$ 13,798$ 15,732Less: sustaining capital expenditures(10,780)(6,019)Free cash flow$ 3,018$ 9,713Free cash flow per share (basic)$ 0.02$ 0.06Weighted average shares outstanding (basic)193,554168,711Working capitalWorking capital is calculated as current assets less current liabilities. The Company uses this measure to assess its operational efficiency and short-term financial position.Operating marginOperating margin is calculated as mine operating earnings divided by revenue. The Company uses Operating Margin as a measure of the Company's profitability. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:
Three months ended
March 31,
20262025Revenue$ 61,724$ 57,025Mine operating earnings24,85115,484Operating margin40 %27 %Operating cash flow before change in working capitalThe Company uses operating cash flow before change in working capital to determine the Company's ability to generate cash flow from operations, and it is calculated by adding back the change in working capital to operating cash flow as reported in the consolidated statements of cash flows.
Three months ended
March 31,
20262025Operating cash flow (1)$ 13,798$ 15,732Change in working capital8,627(3,432)Operating cash flow before change in working capital$ 22,425$ 12,300Operating cash flow per share (basic)$ 0.07$ 0.09Operating cash flow before change in working capital per share (basic)$ 0.12$ 0.07Weighted average shares outstanding (basic)193,554168,711Cash costsCash costs are a non-GAAP financial metric which includes production costs, and government royalties. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on a site basis.AISCAll-in sustaining costs, a non-GAAP financial measure, starts with cash costs and includes general and administrative costs, reclamation accretion expense and sustaining capital expenditures. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on an overall company basis.Cash costs and AISC are calculated as follows:
Three months ended
March 31,
20262025Production costs$ 27,294$ 34,482Royalties and excise taxes3,8993,732Fair value adjustment to production costs on sale of acquired inventories (1)941,770Less: Silver revenue(967)(595)Total cash costs30,32039,389Reclamation accretion expense333357Sustaining capital expenditures10,7806,019Mine-site AISC$ 41,433$ 45,765General and administrative expenses2,9641,674Share-based compensation369351Total AISC$ 44,766$ 47,790Gold ounces sold (oz)12,51819,540Cash costs (per Au sold)$ 2,422$ 2,016Mine-site AISC (per Au sold)$ 3,310$ 2,342AISC (per Au sold)$ 3,576$ 2,446(1)This non-cash adjustment to production costs for the three months ended March 31, 2026, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.Adjusted earningsAdjusted earnings and adjusted basic earnings per share (collectively, "Adjusted Earnings") are presented to remove items that are unrelated to ongoing operations. These metrics do not have a standardized definition under IFRS Accounting Standards and should not be considered as a substitute for results prepared in accordance with IFRS Accounting Standards. Other companies may calculate Adjusted Earnings differently. Adjusted Earnings excludes the tax-effected impact of transaction and integration costs, unrealized gains and losses on foreign currency derivative contracts, gains or losses from the disposal of mineral properties, plant and equipment, and deferred taxes.
Three months ended
March 31,
20262025Net earnings$ 12,549$ 983Increase (decrease) due to:
Transaction and integration costs—2,095Fair value adjustment to production costs on sale of acquired inventories (1)(94)(1,770)Unrealized (gains) losses on derivatives(475)3,083Realized loss on debt facility conversion——(Gain) loss on disposal of mineral properties, plant and equipment31136Current tax effect from adjusting items84—Deferred tax expense5167Adjusted earnings$ 12,8914,434Weighted average shares outstanding (in 000's) Basic193,554168,711Adjusted basic earnings per share$ 0.07$ 0.03(1)This non-cash adjustment to production costs for the three months ended March 31, 2026 and March 31, 2025, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.Forward-looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to get a better understanding of the Company's operating environment, business operations and financial performance and condition. Forward-looking statements relate, but are not limited, to: the planned exploration, development and mining activities and expenditures of the Company, including estimated production, cash costs, all-in sustaining costs and capital expenditures; the estimation, realization and growth of mineral resource and reserve estimates; the development, operational and economic results of economic studies on the Company's projects; magnitude or quality of mineral deposits; anticipated advancement, timing and results of permitting for the Company's projects; benefits of non-GAAP measures; anticipated advancement of the Company's projects and future exploration prospects; the future price of metals; government regulation of mining operations; environmental risks; relationships with local communities; and future growth potential of the Company's projects. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's abilities to complete its planned exploration and development programs; the absence of adverse conditions at the Company's projects; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. This list in not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions and have attempted to identify important factors that could cause actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in the Company's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and on the EDGAR issuer profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward looking-statements contained herein are made as of the date of this MD&A and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.Cautionary Note for U.S. Investors Concerning Mineral Resources and ReservesNI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-reports-first-quarter-2026-results-record-total-tonnes-mined-and-strengthened-financial-position-302768719.htmlSOURCE Integra Resources Corp. Original: INTEGRA REPORTS FIRST QUARTER 2026 RESULTS; RECORD TOTAL TONNES MINED, AND STRENGTHENED FINANCIAL POSITION
US Market News
1月前
Lake Victoria Gold Mobilizes Rigs for Sterilization Drilling at Imwelo as Project Advances Toward ProductionMay 7, 2026 11:00 AM
PR Newswire (Canada) Issued on behalf of Lake Victoria Gold Ltd.USANewsGroup.com News CommentaryVANCOUVER, BC, May 7, 2026 /CNW/ -- Companies mentioned: Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Integra Resources Corp. (NYSE-A: ITRG) (TSXV: ITR), Northern Dynasty Minerals Ltd. (NYSE-A: NAK) (TSX: NDM), Contango Silver & Gold Inc. (NYSE-A: CTGO) (TSX: CTGO). Key Takeaways:Reverse circulation drill rigs are mobilizing to site at Lake Victoria Gold's Imwelo Project this week, with a ~21-day, ~1,050-metre sterilization program scheduled to begin mid-May ahead of construction.The financing stack is structured and advancing toward close: a US$25 million gold loan facility from Monetary Metals (non-dilutive, repayable in gold) plus a fully committed C$3.8 million convertible debenture financing.Imwelo is fully permitted for mine construction and production, with metallurgical testing confirmed gold recovery rates of up to ~97% in metallurgical testwork using conventional methods.Tanzania has formally begun incorporating its 16% statutory free-carried interest in the Tembo mining licences, signalling regulatory progress on Lake Victoria Gold's second 100% owned project.Macro setup: J.P. Morgan projects gold pushing toward $5,000 per ounce by Q4 2026; State Street's April 2026 Gold Monitor reports sovereign gold reserves at an all-time high of 2,309 tonnes; the World Gold Council expects another ~850 tonnes of central bank gold purchases through 2026.When global mine output is hitting a wall and central banks are buying every available ounce, the developers that already have a permit, advancing funding, and crews on site stop looking like junior miners and start to attract increased market attention as potential contributors to future supply. That is the lane Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) is now operating in.This week, the Company announced that reverse circulation ("RC") drill rigs are mobilizing to the fully permitted Imwelo Gold Project in Tanzania, with a ~21-day, ~1,050-metre sterilization drilling program scheduled to commence mid-May. The work is a defined pre-construction workstream — designed to confirm that planned plant, accommodation, and support facilities are not sitting on potentially mineralized ground that would later create a sterilization headache. Results will inform final site layout, engineering design, and the development sequencing that bridges the project from permitting to construction.Planned drilling includes ~500 metres at the proposed plant area (10 holes to ~50m depth), ~550 metres at the accommodation and stores area (11 holes to ~50m depth), and additional testing of NW and EW trending magnetic anomalies. The program is expected to be completed within approximately three weeks.Marc Cernovitch, President & CEO of Lake Victoria Gold, on the program:"Mobilizing drill rigs to site marks another important step as we advance Imwelo toward development and construction. This program is focused on de-risking the project at the infrastructure level, ensuring that key facilities are optimally located ahead of construction. With engineering work progressing in parallel, we continue to move Imwelo forward in a disciplined manner toward near-term production."Financing Strategy Supporting Near-TermConstructionEarlier this year, Lake Victoria Gold closed a binding term sheet for a gold loan facility worth up to US$25 million from Monetary Metals, backed by up to 6,000 ounces of gold. The Company also locked in a fully committed C$3.8 million convertible debenture financing led by a long-term significant shareholder. Together, the deals provide a clear pathway to fund near-term development activities and advance the project toward construction.The Monetary Metals gold loan is non-dilutive and production-linked. Repayment comes in gold ounces, not cash, so the facility scales naturally with output. The convertible debenture carries a 5.0% annual interest rate, converts at $0.31 per share, and includes half-warrants exercisable at $0.40. For a developer at this stage, the structure is purpose-built to advance the project without flooding the market with new shares.Imwelo's Technical Foundation Is Already In PlaceImwelo has confirmed gold recovery rates of up to approximately 97% in metallurgical testwork using conventional methods. A completed drill program at Area C returned grades including 11.88 g/t gold over 1.33 metres from 169.75m and confirmed mineralization extending well beyond the current pit design at depth and laterally. Geotechnical and specific-gravity studies have supported potential consolidation of Area C into a single open-pit design — a structural simplification that could improve the project's economics and reduce execution complexity.Tembo: The Optionality LayerLake Victoria Gold's 100% owned Tembo Project sits adjacent to Barrick's Bulyanhulu Mine and has more than 50,000 metres of historical drilling on it. Recent surface artisanal sampling returned grades up to 35.45 g/t gold. Tanzania's government has formally begun incorporating its statutory 16% free-carried interest in the Tembo mining licences — a required regulatory step that signals the project is advancing through the country's established framework.The Company advancing toward a binding toll-milling agreement with Nyati Resources, a well-established Tanzanian operator, to begin toll milling at Tembo. That deal would allow Lake Victoria Gold to process material through an existing facility, potentially opening a pathway to early cash flow without heavy upfront capital spending.Strategic Backing and Insider AlignmentLake Victoria Gold counts Barrick Gold among its strategic equity investors and the Taifa Group — Tanzania's largest mining contractor, with over 30 years of in-country experience and longstanding work for Petra, De Beers, Barrick, and AngloGold Ashanti — as a strategic partner. Through its wholly Tanzanian-owned subsidiary Taifa Mining, the Group has agreed to take an equity stake in the Company and will conduct contract mining and civil works for the Imwelo Project. Taifa owns the largest fleet of mining equipment in Tanzania.Management, directors, and strategic partners collectively own more than 60% of outstanding shares — an unusually high alignment ratio for a name at this development stage.NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.In other industry developments and happenings in the market include:Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) reported first quarter 2026 results, including record quarterly operating margins and adjusted net income.Payable gold production in Q1 was 825,109 ounces — approximately 24% of the mid-point of full-year guidance — at production costs per ounce of $1,158, total cash costs of $1,093 per ounce, and all-in sustaining costs of $1,483 per ounce. Solid production combined with realized gold prices of $4,861 per ounce delivered net income of $1,695 million ($3.39 per share) and record adjusted net income of $1,706 million ($3.41 per share). Free cash flow was $732 million in the quarter. Fitch Ratings upgraded Agnico Eagle's long-term issuer default rating from BBB+ to A in April 2026."We delivered a solid start to 2026, achieving record operating margins while production and costs tracked well to plan," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. "We are excited by the strong progress across our industry leading growth pipeline and are beginning to look beyond the 20–30% production growth already expected over the next decade, with our recently announced proposed acquisitions in Finland marking a milestone in our next phase of long-term growth."Integra Resources Corp. (NYSE-A: ITRG) (TSXV: ITR) on April 23, 2026 reported first quarter 2026 production results from its Florida Canyon Mine in Nevada, including gold production of 12,635 ounces and a record mining rate of 76,800 total tonnes per day, while strengthening its balance sheet with $105.6 million in cash following a $61 million bought deal financing.The company has allocated $62–$68 million in sustaining capital for 2026, focused on capitalized waste stripping, mobile fleet upgrades, and infill drilling to position the mine for improved cost performance in subsequent years."The first quarter of 2026 marked a period of strong operational progress at Florida Canyon, with record mining rates and the successful ramp-up of our Phase IIIB leach pad. While gold production in the quarter reflects temporary constraints, the deferred ounces are expected to be recovered over the balance of the year. Importantly, we maintained our full-year production guidance, underscoring our confidence in the operation," said CEO George Salamis of Integra Resources.Northern Dynasty Minerals Ltd. (NYSE-A: NAK) (TSX: NDM) is actively contesting the EPA's Clean Water Act veto of its Pebble Project in Southwest Alaska. On April 14, 2026, plaintiffs filed response briefs in Alaska Federal Court challenging a Department of Justice brief filed February 17, 2026, and on April 23, 2026, the Federal District Court scheduled oral argument for June 25, 2026.The Pebble Project, located 200 miles from Anchorage, represents one of the largest undeveloped gold-copper-molybdenum deposits in the world, with the company maintaining it could generate significant revenue for Alaska and the broader U.S. economy."Our strategy has always been grounded in a solid legal case that this veto was illegal, and a high level of confidence that the court will agree with us," said Ron Thiessen, President and CEO of Northern Dynasty Minerals. "The flaws in this brief only increase that confidence."Contango Silver & Gold Inc. (NYSE-A: CTGO) (TSX: CTGO) announced a $9.0 million cash distribution from the Peak Gold JV and outlined a fully funded 2026 exploration program.The 2026 program includes a sustained underground drill program at Lucky Shot in Alaska to support a Feasibility Study due H1 2027, pivotal infrastructure construction and permitting at the Johnson Tract Critical Metals project, and an updated Mineral Resource Estimate at the Kitsault Valley project followed by a comprehensive drilling program supporting a preliminary development plan due H1 2027. Total planned 2026 drilling is approximately 60,000 metres across the portfolio. The company began trading on the Toronto Stock Exchange on April 13, 2026 under symbol CTGO, while continuing to trade on NYSE American."The $9 million cash distribution from the Peak Gold JV underscores the unique strength of our business model — using cash flow from our producing mine operations to fund the aggressive advancement of our 100%-owned assets," said Rick Van Nieuwenhuyse, the Company's Chief Executive Officer. "We are hitting the ground running in 2026 with the strongest balance sheet and the most aggressive operational schedule in our Company's history."CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company.Cautionary Note on Production Decision:Although Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, these foreign-code studies are not current under NI 43-101. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM Definition Standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. There is no certainty that the planned low-capex open-pit operation will be economically viable or that production will occur as anticipated. Risks include, without limitation, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational, regulatory, or permitting risks. This is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2838876/5958291/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/lake-victoria-gold-mobilizes-rigs-for-sterilization-drilling-at-imwelo-as-project-advances-toward-production-302765617.htmlSOURCE USA News Group Original: Lake Victoria Gold Mobilizes Rigs for Sterilization Drilling at Imwelo as Project Advances Toward Production
US Market News
1月前
A Fully Funded Junior in the Middle of a Q2 Catalyst Window: NevGold Heads Into Maiden Antimony-Gold MRE With C$42.2M in the TreasuryMay 6, 2026 9:15 AM
PR Newswire (US) Baystreet.ca News Commentary Issued on behalf of NevGold Corp.NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) closes one of the most catalyst-dense six-week stretches in its corporate history — upsized brokered financing, 1.11% antimony drill hits, up to 99% gold recovery metallurgy, and a maiden antimony-gold Mineral Resource Estimate now targeted for Q2 2026NEW YORK, May 6, 2026 /PRNewswire/ -- North American gold producers are running into one of the most favourable commodity-and-policy overlays of the past two decades. Gold is trading at or near record highs. Antimony, a U.S.-designated Critical Mineral with 100% U.S. import reliance, is the subject of unprecedented federal procurement attention after China's December 2024 export restrictions on the United States — restrictions that were partially suspended in November 2025, but which left licensing controls and end-use scrutiny in place and continue to expose U.S. buyers to renewed disruption. And the short list of publicly traded juniors with advanced-stage, permitted, near-surface U.S. projects targeting either metal — let alone both — is, in practice, quite short.Against that backdrop, one TSX Venture-listed junior has stacked a dense sequence of operational and financing milestones over the last three weeks that deserve a closer look. The NevGold Six-Week News StackNevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is a Vancouver-based exploration and development company with four 100%-owned projects across Nevada and Idaho. The two flagship programs are Limousine Butte (gold-antimony, Nevada) and Nutmeg Mountain (gold, Idaho). On April 20, 2026, NevGold announced that its previously announced C$25 million brokered private placement had been upsized to C$42,225,497 on strong institutional demand. [1] The upsized offering comprises 22,223,946 shares at C$1.90, led by Clarus Securities Inc. as sole agent and bookrunner, and is expected to close on or about May 12, 2026. Net proceeds will be used for advancing Limousine Butte, Nutmeg Mountain, working capital, and general corporate purposes. [1]The financing news caps a compressed run of operational disclosures. On April 9, 2026, NevGold reported oxide antimony-gold drill intercepts at Limousine Butte including 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t Au + 0.22% Sb) at Resurrection Ridge, with a 1.11% antimony intercept over 6.1 meters inside that broader interval. [2] All 30 holes from the 2025 drill program totaling approximately 5,000 meters have now been released, and an additional 20,000 meters is planned in 2026 focused on the Bullet Zone and the Armory Fault discovery. [2] CEO Brandon Bonifacio described Limo Butte as "one of the highest grade antimony projects in North America that is near-surface and oxide." [2]On April 2, 2026, NevGold disclosed phase II metallurgical testwork results on oxide antimony-gold material from the Limo Butte historical gold leach pads. Cyanide shake tests on the residual leach pad material after antimony extraction returned average gold recoveries above 93% and individual samples reaching 99%. [3] Acid leach antimony extraction ranged from 54% to 92% across the tested samples, and additional antimony mineralization was identified at surface in a historical pre-strip waste dump. [3] The testwork confirms a sequential process: antimony leach first, gold recovery second, both metals produced from the same feed.On April 14, 2026, the Company disclosed positive and consistent antimony-gold sonic drill results from the historic gold leach pads themselves: 0.34% antimony with 0.41 g/t gold over 12.5 meters, 0.33% Sb and 0.55 g/t Au over 11.0 meters, and 0.31% Sb and 0.50 g/t Au over 14.6 meters — all consistent with or higher than the Phase I test pit sampling averages of 0.27% Sb and 0.34 g/t Au. [4] The historical leach pads were constructed during mining operations in 1989 and 1990, when gold traded below US$400 per ounce and antimony was not a meaningful revenue stream. [5]The near-term catalyst is the maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte, targeted for Q2 2026. [2] [4] The Company's stated objective: near-term antimony production by 2027 from reprocessing the historical leach pads, with no new mining activity required for that initial production pathway. [4] In parallel, the Nutmeg Mountain Gold Project in Idaho carries a September 2025 NI 43-101 MRE of 1,186,000 oz Indicated at 0.50 g/t Au + 548,000 oz Inferred at 0.34 g/t Au at a 0.20 g/t cutoff, with mineralization starting at surface and a conceptual pit-shell strip ratio of less than 1:1. [6]The U.S. Bureau of Land Management approved a comprehensive Plan of Operations for the full Limousine Butte property in November 2024, covering 68 km² and up to 200 acres of permitted disturbance over a 10-year term. [2] NevGold was named to the 2026 TSX Venture 50 list, ranking #38 in the junior mining category, after the Company's shares gained approximately 330% in 2025. [7]Gold, Antimony, and the 2026 Policy OverlayGold's 2026 performance has been driven by the combination of persistent inflation concerns, ongoing geopolitical risk, and continued central bank buying across emerging markets. Antimony's 2026 performance has been driven by something different: a U.S. federal push to re-shore the critical minerals supply chain following China's December 2024 export restrictions targeting the United States. Although Beijing suspended the outright export ban in November 2025 — pausing it through November 27, 2026 — licensing controls remain in effect, end-use scrutiny on dual-use shipments has not been lifted, and U.S. buyers continue to be exposed to renewed disruption at Beijing's discretion. The U.S. Geological Survey designates antimony as a Critical Mineral, the U.S. Department of War (formerly the Department of Defense) has committed well over US$100 million in Defense Production Act Title III awards to domestic antimony projects across multiple recipients, and the U.S. Export-Import Bank has advanced a USD 2.7 billion proposed loan to a single antimony-focused issuer. [8]For publicly traded producers and near-producers, the result is a two-metal tailwind operating on different underlying drivers. For juniors positioned across both metals — as NevGold is at Limo Butte — the overlap of those tailwinds is structurally distinctive.Four U.S.-Listed Peers Operating in Adjacent Corners of the Same StoryMcEwen Inc. (NYSE: MUX)McEwen operates the Gold Bar Mine Complex in the Eureka Mining District of Nevada, one of the most productive gold regions in North America. On April 15, 2026, McEwen's wholly-owned subsidiary entered into a 50/50 joint venture agreement with Iconic Minerals Ltd. to advance the 2,140-hectare New Pass gold property in Churchill County, Nevada — another Carlin-type gold trend asset. [9] On January 27, 2026, McEwen disclosed its best drill hole at Gold Bar to date, intersecting 5.55 g/t gold over 44.2 meters at the Windfall deposit, including 48.38 g/t gold over 4.6 meters of oxide mineralization. [10] McEwen has budgeted approximately USD 10 million for Gold Bar exploration in 2026, with the objective of advancing Windfall, Lookout Mountain, and Unity Ridge toward production decisions and supporting the Company's stated goal of doubling production by 2030. [10]Integra Resources Corp. (NYSE American: ITRG)Integra is a particularly close geographic peer to NevGold: the Company operates the Florida Canyon Mine in Nevada and is advancing two flagship development-stage heap leach projects — the DeLamar Gold-Silver Project in southwestern Idaho and the Nevada North Project (Wildcat Deposit) in western Nevada. On April 9, 2026, Integra announced the launch of the largest drill program in the Company's history: a 50,000-meter program spanning all three assets, with 42,500 meters at Florida Canyon focused on near-mine oxide gold targets and the past-producing Standard Mine area, 5,500 meters at the Nevada North Project supporting a future pre-feasibility study, and 2,500 meters of advanced engineering drilling at DeLamar to support future mine development. [11] The Company describes DeLamar as "one of the largest and most advanced undeveloped heap leach gold-silver projects in the Great Basin." [11] Integra is a useful reference point for NevGold's own Nevada-Idaho footprint: a U.S.-listed peer in the same two states, executing a multi-asset development pathway funded by an operating mine.GoldMining Inc. (NYSE American: GLDG)GoldMining is a resource-stage gold and critical-minerals company with a portfolio of projects across the Americas. On February 17, 2026, the Company reported an updated Mineral Resource Estimate at its Crucero Gold Project in Peru that now includes antimony alongside gold, making GLDG one of a growing number of resource-stage companies formally incorporating antimony into their NI 43-101 disclosure as the U.S. critical minerals file moves from headline to MRE line item. [12] GLDG's strategy of expanding historical gold-focused resources to include co-produced critical minerals is directly parallel to what NevGold is doing at Limo Butte, where the historical 2009 gold resource is being advanced into a formal antimony-gold MRE for the first time. (Disclosure: GoldMining Inc. is the largest shareholder of NevGold Corp., holding approximately 19 million shares, or roughly 16.7% of issued and outstanding shares, on the basis of public filings.)i-80 Gold Corp. (NYSE American: IAUX)i-80 Gold is a Nevada-focused gold developer advancing a multi-project portfolio across more than 250 square kilometers of prospective ground on the Carlin and Battle Mountain-Eureka trends. On February 12, 2026, Franco-Nevada Corporation announced a USD 250 million net smelter return royalty financing with i-80 Gold, structured as a 1.5% royalty (increasing to 3.0% in 2031) over all six of i-80's material properties — Granite Creek Underground (operating), Archimedes Underground (development), Mineral Point Heap Leach (study), Granite Creek Open Pit (study), Cove Underground (study), and Lone Tree open pit (study). [13] The Franco-Nevada financing is tied to i-80 Gold's recapitalization plan, which targets production scaling from 150–200 koz Au annually in Phase 1 to 600+ koz Au in Phase 3 by 2032+. [13] The i-80 deal is instructive for the junior Nevada gold space: institutional royalty capital is actively financing U.S. gold development stories at scale in 2026.The NevGold Setup Into Q2 2026NevGold enters the back half of Q2 2026 with several features that are not common in its part of the market:Fully funded through the next inflection. The upsized C$42.2 million financing removes the near-term treasury overhang through the maiden MRE, continued drilling, and metallurgical testwork completion at Limo Butte, plus continued advancement at Nutmeg Mountain. [1]A maiden MRE catalyst in the immediate quarter. The Q2 2026 maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte is the next direct catalyst, following the roadmap used by peers like Military Metals (whose April 8, 2026 maiden MRE at Trojarová put 67,000 tonnes of antimony and 222,000 ounces of gold into the discussion). [2] [4]Near-term antimony production optionality, not just exploration. The historical leach pads at Limo Butte are already crushed, already stacked, and already within the permitted footprint. Phase II metallurgical testwork indicates that reprocessing the existing material can produce antimony first and gold second, with gold recoveries up to 99%. [3]1.186 Moz Indicated gold resource at Nutmeg Mountain with the higher-grade feeder zones untested. Average historical drillhole depth at Nutmeg is approximately 75 meters, leaving the typical epithermal feeder structures that sit below near-surface oxide blankets effectively unexplored. [6]Jurisdiction advantage. Nevada and Idaho are consistently ranked among the most favourable mining jurisdictions globally. Permitting timelines are shorter, infrastructure is better, and federal and state regulators have significant experience with advanced-stage projects in these basins.For a junior trading near C$1.90 on a freshly upsized financing, sitting on a 1.186 Moz Indicated gold resource at one flagship and advancing a maiden antimony-gold MRE at a second, with a stated target of near-term antimony production by 2027 and gold-side optionality through a Preliminary Economic Assessment on Nutmeg Mountain — the catalyst density is the story.For more information on NevGold Corp. (TSX-V: NAU), visit www.nev-gold.com.Article Source: https://www.baystreet.caCONTACT:
Baystreet Media Corp.
info @acblanke1DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is a wholly-owned subsidiary of Baystreet Media Corp. ("BAY"). BAY has been not been paid a fee for NevGold Corp. advertising or digital media, but the owner(s) of BAY also own Market IQ Media Group Inc. ("MIQ"), which has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of NevGold Corp. but reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY or MIQ has been reviewed and approved on behalf of NevGold Corp. by CDMG.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2973736/Baystreet_Logo.jpgSources:NevGold Corp., "NevGold Announces Upsized C$42MM Brokered Private Placement Financing," GlobeNewswire, April 20, 2026. https://www.globenewswire.com/news-release/2026/04/20/3277330/0/en/NEVGOLD-ANNOUNCES-UPSIZED-42MM-BROKERED-PRIVATE-PLACEMENT-FINANCING.html.NevGold Corp., "NevGold Intercepts 1.11% Antimony Over 6.1 Meters, Within 1.93 g/t AuEq Over 100.6 Meters (1.07 g/t Au And 0.22% Antimony) From Surface," GlobeNewswire, April 9, 2026. https://www.globenewswire.com/news-release/2026/04/09/3270842/0/en/NevGold-Intercepts-1-11-Antimony-Over-6-1-Meters-Within-1-93-g-t-AuEq-Over-100-6-Meters-1-07-g-t-Au-And-0-22-Antimony-From-Surface-Focus-On-Maiden-Antimony-Gold-Mineral-Resource-Es.html.NevGold Corp., "NevGold Announces Up to 99% Gold Recovery From Phase II Metallurgical Testwork on Oxide Antimony-Gold," GlobeNewswire, April 2, 2026.NevGold Corp., "NevGold Announces Positive, Consistent Drill Results on Historic Gold Leach Pads Including 0.34% Antimony And 0.41 g/t Au Over 12.5 Meters," GlobeNewswire, April 14, 2026. https://www.globenewswire.com/news-release/2026/04/14/3273242/0/en/NevGold-Announces-Positive-Consistent-Drill-Results-on-Historic-Gold-Leach-Pads-Including-0-34-Antimony-And-0-41-g-t-Au-Over-12-5-Meters-Path-to-Near-Term-Antimony-Production-Conti.html.NevGold Corp., "NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada," GlobeNewswire, January 6, 2026.NevGold Corp., September 2025 NI 43-101 Mineral Resource Estimate for the Nutmeg Mountain Project, prepared by Greg Mosher, P.Geo., Global Mineral Resource Services, effective date August 29, 2025.Mugglehead Investment Magazine coverage of NevGold 2026 TSX Venture 50 designation and 2025 share-price performance; NevGold Corp., "NevGold Named as a 2026 Top 50 TSX Venture Exchange Company," Newsfile, February 26, 2026.U.S. Geological Survey Critical Minerals List; U.S. Department of War Title III awards; Perpetua Resources Corp. U.S. Export-Import Bank $2.7 billion proposed loan disclosure (March 31, 2026); China Ministry of Commerce announcements (December 3, 2024 export restrictions on the United States; November 9, 2025 suspension of export prohibition through November 27, 2026, with licensing controls remaining in effect).Iconic Minerals Ltd. and McEwen Inc., "Iconic Minerals Executes Joint Venture Agreement with McEwen Mining on New Pass Gold Property, Nevada," Newsfile, April 15, 2026.McEwen Inc., "McEwen Drilling Returns Significant Intersection at Gold Bar Mine Complex in Nevada: 5.55 gpt Gold over 44.2 Meters," GlobeNewswire, January 27, 2026.Integra Resources Corp., "Integra Launches Largest Drill Program in Its History: 50,000-Meter Expanded Program Targeting Resource Growth, Mine Life Extension and Advanced Engineering at Florida Canyon, DeLamar and Nevada North," PR Newswire, April 9, 2026.GoldMining Inc., "GoldMining Updates Mineral Resource Estimate with Inclusion of Antimony at its Crucero Gold Project, Peru," PR Newswire, February 17, 2026.Franco-Nevada Corporation and i-80 Gold Corp., "Franco-Nevada Announces $250 Million Royalty Financing with i-80 Gold," PR Newswire, February 12, 2026. View original content to download multimedia:https://www.prnewswire.com/news-releases/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-maiden-antimony-gold-mre-with-c42-2m-in-the-treasury-302764002.htmlSOURCE Baystreet Original: A Fully Funded Junior in the Middle of a Q2 Catalyst Window: NevGold Heads Into Maiden Antimony-Gold MRE With C$42.2M in the Treasury
US Market News
1月前
INTEGRA ANNOUNCES FIRST QUARTER PRODUCTION RESULTS FROM THE FLORIDA CANYON MINE AND STRENGTHENED BALANCE SHEETApril 23, 2026 4:05 PM
PR Newswire (Canada)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, April 23, 2026 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to provide an interim operational update for the first quarter ended March 31, 2026 (the "first quarter 2026" or "Q1 2026") highlighting continued operational momentum, record mining rates, and a strengthened balance sheet.
The Company plans to release its first quarter 2026 financial results after market close on Monday May 11, 2026, followed by a conference call hosted by senior management on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time. (All amounts in United States ("U.S.") dollars as at March 31, 2026, unless otherwise stated.)Q1 2026 Operational Highlights:The Company mined 3.0 million ("M") tonnes of ore and 3.9 M tonnes of waste at a strip ratio of 1.30 at the Florida Canyon Mine ("Florida Canyon" or the "Mine"). As a result, mining rates averaged 76,800 total tonnes per day ("tpd") which is a record for the Mine and its operations. The Florida Canyon Mine produced 12,635 ounces of gold and sold 12,518 ounces of gold in the quarter.The Company commissioned six new Caterpillar 785 haul trucks during the quarter, materially enhancing mining capacity and supporting higher sustained mining rates going forward.The Company raised $61 M through a bought deal public offering in Q1 2026 significantly strengthening the Company's balance sheet and funding near-term growth initiatives at the DeLamar Project (the "DeLamar Project" or "DeLamar"). Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project.George Salamis, President, CEO and Director of Integra commented: "The first quarter of 2026 marked a period of strong operational progress at Florida Canyon, with record mining rates and the successful ramp-up of our Phase IIIB leach pad. While gold production in the quarter reflects temporary constraints, the deferred ounces are expected to be recovered over the balance of the year. Importantly, with these gold ounces expected to be recovered over the balance of the year, we maintained our full-year production guidance, underscoring our confidence in the operation and the improvements we have made to the Mine. In parallel, we significantly strengthened our balance sheet through a $61 M financing and continued to invest in both sustaining capital at Florida Canyon and the advancement of DeLamar. We believe these investments position Integra for a stronger second half of 2026 and reinforce our strategy of building a sustainable, multi-asset gold producer."Florida Canyon: Demonstrating Strong Operational Momentum with Record Mining Rates
Three months ended
March 31,
Unit (1)2026Ore minedKt3,008Waste minedKt3,902Strip ratiowaste/ore1.30Ore direct to leach padsKt1,074Ore crushedKt1,784Total ore to leach padsKt2,858Processed gradeg/t Au0.19Gold recovery rate%59.9 %Gold producedOz12,635Gold soldOz12,518Silver producedOz11,622Silver soldOz11,466(1)Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce(2)Ore milled includes material from stockpiles and ore mined.Florida Canyon produced 12,635 ounces of gold in the first quarter 2026, with approximately 3,000 ounces deferred due to temporarily reduced solution flow rates to a specific Phase II leach pad cell. The cell contains fine ore from the newly opened N2 pit, and a blending strategy has been developed to maintain nominal leach rates for this fine material. With this approach, together with the ramp up of the Phase IIIB leach pad, the Company expects to meet its annual gold production guidance of 70,000 to 75,000 ounces, with the majority of deferred first quarter ounces expected to be recovered through ongoing leaching over the remainder of 2026.Mining activities at Florida Canyon during the first quarter 2026 increased significantly, achieving a record mining rate of 76,800 total tonnes per day and positioning the operation to deliver improved operational flexibility and production consistency in future quarters. This increase was driven by the addition of the six Caterpillar 785 haul trucks commissioned during the quarter, completing the expansion of the fleet since 2025 to include eight Caterpillar 785 haul trucks, one Caterpillar 992HL loader and one Hitachi EX3600 front shovel. With increased haulage capacity and an enhanced mining fleet, the operation is better equipped to manage the historical waste stripping inherited from prior operators.The Company expects production to trend higher through the balance of 2026 as mining rates remain elevated and leach pad performance continues to normalize.First Quarter 2026 Consolidated Financial Position: Strengthened Balance Sheet Supports Growth and Development PipelineConsolidated Financial PositionUnit (1)March 31, 2026Cash and cash equivalents$000s$105,635(1)Unit abbreviations: $000s = thousands of U.S. dollarsThe Company significantly strengthened its cash position in Q1 2026, primarily driven by a $61 M bought deal public offering in February 2026 and positive operating earnings from Florida Canyon. Proceeds from the offering are being used to fund pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project in February 2026. This strengthened financial position provides Integra with the flexibility to continue optimizing Florida Canyon while advancing DeLamar without compromising balance sheet discipline.The first quarter of 2026 continued to mark a capital-intensive period across the Company's portfolio of assets with several key activities during the quarter. These investments reflect a deliberate focus on de-risking the portfolio and positioning the Company for sustainable production growth:Florida Canyon: Approximately $12 M was allocated to sustaining and non-sustaining capital including capitalized waste stripping and initial cash payments on new mining equipment.DeLamar and Nevada North: Approximately $5 M was allocated towards project expenses such as engineering and permitting work.DeLamar pre-production and de-risking activities: Approximately $16.5 M was allocated towards de-risking activities, including a $3.4 M initial deposit to Idaho Power, and $12.5 M spent to acquire a strategic land position near the DeLamar Project.The financial information presented above is preliminary in nature and subject to completion of the Company's quarter-end financial reporting process. Final unaudited financial results may differ from these amounts and will be reported as part of the Company's quarter-end financial statements. Complete financial results for the first quarter 2026 will be reported and filed on Integra's profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on Monday May 11, 2026.First Quarter 2026 Conference Call Integra will host a conference call and webcast on Tuesday May 12, 2026, at 11:00 AM Eastern Time / 8:00 AM Pacific Time, to discuss the first quarter 2026 results. Details for the conference call and webcast are included below.Dial-In Numbers / Webcast:Conference ID: 1860723
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/227670078About Integra Resources Corp.Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Forward Looking Statements Certain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company, the timing of the release of the Company's first quarter 2026 financial results and related conference call; expectations regarding gold production, recoveries and the timing of recovery of deferred ounces; anticipated benefits of completed and ongoing capital investments at the Florida Canyon Mine; expected performance of mining equipment; and anticipated improvements in productivity.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Note for U.S. Investors Concerning Mineral Resources and ReservesNI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-announces-first-quarter-production-results-from-the-florida-canyon-mine-and-strengthened-balance-sheet-302752247.htmlSOURCE Integra Resources Corp.
Original: INTEGRA ANNOUNCES FIRST QUARTER PRODUCTION RESULTS FROM THE FLORIDA CANYON MINE AND STRENGTHENED BALANCE SHEET
US Market News
2月前
INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON, INCLUDING 138 METRES AT 0.32 G/T AU AND 128 METRES AT 0.36 G/T AU, HIGHLIGHTING NEAR-MINE GROWTH AND MINE LIFE EXTENSION POTENTIALApril 14, 2026 6:30 AM
PR Newswire (US)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, April 14, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce additional results from the growth drilling program at the Company's primary operating asset, the Florida Canyon Mine ("Florida Canyon") located in Nevada. The results continue to demonstrate broad intervals of near-surface oxide gold mineralization from both historical dump material and near-mine in-situ targets, highlighting the potential to expand mineral resources, support future mine planning, and enhance near-term production.
During the 2025 growth drilling program 16,009 meters ("m") of reverse circulation ("RC"), sonic and core drilling were completed. The recently announced 2026 drilling program consists of 42,500 m of RC and core drilling with 33,500 focused on resource development at the Florida Canyon Mine and 9,000 m focused on testing new gold targets identified around the Florida Canyon and Standard Mine areas.Highlights:Opportunity 1: Near-surface oxide potential from historical dump material: Drilling targeting large volumes of historical, gold-mineralized, low-grade waste material that was below the mining cut-off in a significantly lower gold-price environment. These areas demonstrate a significant near-term opportunity to increase mineral resources and potentially extend mine life at Florida Canyon.Broad oxide gold intercepts from historical South Mine Dump ("South Dump") material, including:FCM25-0655: 0.30 grams per tonne ("g/t") gold ("Au") over 102.1 mFCMR25-0896: 0.22 g/t Au over 103.6 mFCMR26-0908: 0.26 g/t Au over 91.4 m FCMR26-0954: 0.55 g/t Au over 54.9 mFCMR25-0893: 0.23 g/t Au over 91.4 m ~67% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t AuOpportunity 2: Expand in-situ resources between existing mine open pits: Drilling targeting "saddle" and "ridge" ("Inter-Pit") areas located between active and historical pits. Many of these areas have been sparsely drilled historically and offer meaningful growth potential directly adjacent to current and future mining phases.Significant thickness from near-mine in-situ drilling at the Radio Tower Pit, including:2025-Met-R02: 0.32 g/t Au over 138.1 m2025-GT-R03: 0.42 g/t Au over 58.5 m2025-GT-R05: 0.53 g/t Au over 44.3 m~26% of drill intercepts within the Radio Tower Pit exceed the current Radio Tower cut-off grade of 0.14 g/t AuAdditional thick intercepts from the C7 / Central Pit area highlighting strong vertical continuity, including:FCM25-0617: 0.36 g/t Au over 128.0 m2025-GT-C01: 0.82 g/t Au over 50.0 m2025-GT-C04: 0.48 g/t Au over 97.5 m~38% of drill intercepts within the C7 / Central Pit area exceed the current cut-off grade of 0.11 g/t AuKey Observations:Mineralization defined in close proximity to existing pits and infrastructure has the potential to enhance economic value.Results continue to support a growing inventory of near-surface mineralization expected to contribute to future resource and reserve growth and to extend mine life.Strong continuity across multiple intercepts exceeding 40 m at >0.2 g/t Au, reinforcing potential for pit expansion and near-term mine planning.Strong grade continuity across wide intervals.Strong alignment with heap leach processing characteristics.George Salamis, President, CEO and Director of Integra commented: "Integra continues to focus on incremental resource growth and the potential to add gold ounces where they matter most, within haulage distance of the Florida Canyon Mine and its processing infrastructure. These latest drill results continue to reinforce our view that Florida Canyon hosts significant, scalable near-surface oxide gold mineralization with the potential to support long-term growth. Not all gold ounces are created equal, and gold ounces identified within and adjacent to our existing operations carry significantly higher value given their proximity to infrastructure and ability to be incorporated into the mine plan with minimal capital.What stands out most in these latest results is the consistency and thickness of gold mineralization across multiple areas of the mine, both within historical dumps and in near-mine in-situ zones. This combination provides Integra with an opportunity to expand mineral resources in a capital-efficient manner while enhancing operational flexibility.We are seeing a clear trend of growing near-surface mineralization that has the potential to translate into a larger resource base and an extended mine life in our upcoming technical report expected to be completed in the third quarter of 2026. In the current gold price environment, advancing these low-strip, near-surface opportunities represents a compelling pathway to deliver sustained production growth and long-term value for our shareholders."Drilling OverviewThe growth drilling program at Florida Canyon is focused on delineating near-surface oxide gold mineralization within and adjacent to existing mining areas. The program is designed to support future mineral resource and reserve updates and inform life-of-mine planning.Figure 1: Location Map of 2026 Florida Canyon Mine Drill Targetshttps://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM_NR5_Fig_1_Plan_Figure_20260408.pdfOpportunity 1 Drilling Overview: Near-Surface Oxide Gold Potential from Historical Dump MaterialWithin the permitted Florida Canyon Mine boundary, several volumes of historically mined, low-grade gold-mineralized dump material remain in surface dumps. These materials were mined during periods of significantly lower gold prices and at higher cut-off grades than those currently applied at the Florida Canyon Mine.Drilling results continue to confirm that these historical waste dumps host broad, continuous intervals of oxide gold mineralization, including intercepts exceeding 80 m in thickness, as well as numerous intervals in the 50 to 70 m range at grades above 0.20 g/t Au.Top intercepts from drilling at the South Dump include:FCM25-0655: 0.30 g/t Au over 102.1 mFCMR25-0896: 0.22 g/t Au over 103.6 mFCMR26-0908: 0.26 g/t Au over 91.4 m FCMR26-0954: 0.55 g/t Au over 54.9 mFCMR25-0893: 0.23 g/t Au over 91.4 m FCM25-0658: 0.25 g/t Au over 88.4 mFCMR26-0912: 0.28 g/t Au over 86.9 m~67% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t Au assuming a gold price of US$2,000 per ounce among several other factors.These materials are located within or immediately adjacent to existing mining infrastructure, significantly reducing haulage distances and capital requirements, and enhancing their economic value relative to more distal gold mineralization.Key observationsConsistent gold grade distribution across large volumes of previously mined but unprocessed gold mineralized material.Mineralization remains near-surface, readily accessible and situated close to current processing infrastructure (~1km from South Dump, ~3km from North Dump).Material is expected to be amenable to heap leach processing, subject to ongoing metallurgical testing.Opportunity to convert previously uneconomic material into mineable inventory to enhance future mine life.These historical dump zones represent a low-strip, capital-efficient opportunity to increase mineral resources and potentially provide supplemental ore feed for Florida Canyon operations. The Company expects these areas to be evaluated for inclusion in future mineral resource estimates and life-of-mine plans.Figure 2: Assay Results from Historical South Mine Dump Materialhttps://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM_NR5_Fig_2_South_Mine_Dump_Drilling_20260408.pdfOpportunity 2 Drilling Overview: Expanding In-Situ Resources in the Inter-pit Areas, Between Existing Mine Open Pits Drilling focused on gold resource expansion opportunities within "saddle" and "ridge" zones, located between existing open pits. Several of the Inter-Pit areas remain sparsely drilled and offer significant upside gold potential. Drilling of the Inter-Pit areas, including the C7 / Central Pit, North Pit and Radio Tower areas, continues to return broad and consistent zones of oxide gold mineralization, including multiple intercepts exceeding 100 m in thickness.Notably, several of these intercepts exhibit grades above the current average resource grade at Florida Canyon Mine, suggesting the potential to not only increase total ounces but also improve the overall grade profile of the operation.Top intercepts from in-situ drilling in the inter-pit areas include:2025-Met-R02: 0.32 g/t Au over 138.1 m (Radio Tower Pit)FCM25-0617: 0.36 g/t Au over 128.0 m (C7 / Central Pit)2025-GT-R03: 0.42 g/t Au over 58.5 m (Radio Tower Pit)2025-GT-R05: 0.53 g/t Au over 44.3 m (Radio Tower Pit)2025-GT-C01: 0.82 g/t Au over 50.0 m (C7 / Central Pit)2025-GT-C04: 0.48 g/t Au over 97.5 m (C7 / Central Pit)FCM25-0687: 0.69 g/t Au over 36.6 m (North Pit)~26% of drill intercepts within the Radio Tower Pit exceed the current Radio Tower cut-off grade of 0.14 g/t Au assuming a gold price of US$2,000 per ounce among several other factors.~38% of the drill intercepts within C7 / Central Pit area exceed the current mine cut-off grade of 0.11 g/t Au assuming a gold price of US$2,000 per ounce among several other factors.These areas are located within and adjacent to existing mining infrastructure and represent high-priority targets for resource growth and potential mine plan expansion.Key observationsSignificant vertical continuity demonstrated by thick intercepts exceeding 100 m.Additional >50 m intercepts at Radio Tower, reinforcing consistency across the zone.Strong thickness-grade relationships supporting potential economic extraction.Mineralization occurs at shallow depths, consistent with low-strip mining scenarios.Zones remain open laterally, indicating further expansion potential.The C7 / Central Pit and Radio Tower zones are expected to play an important role in future mineral resource and reserve updates, with strong potential to be incorporated into future pit designs and life-of-mine planning scenarios.Figure 3: Assay Results from C7 / Central Pit, North Pit and Radio Towerhttps://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM_NR5_Fig_3_C7_and_Radio_Tower_Drilling_20260408.pdfStrategic ImplicationsFocus on near-mine, infrastructure-supported ounces reflects disciplined capital allocation and prioritization of high-return growth opportunities, in the future.Scale: Multiple intercepts exceeding 100 m highlight significant volume potential.Near-term production relevance: Mineralization located within existing mine footprint.Low capital intensity: Minimal stripping and infrastructure requirements.Operational flexibility: Ability to integrate dump and in-situ material.Resource growth: Supports future mineral resource and reserve updates and mine planning.Table 1. Link to Table of All Unreleased Drill Resultshttps://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM_NR5_Drilling_Samples_Highlights_20260408.pdfNext StepsAs part of the 2026 Florida Canyon Mine drill program, the Company plans approximately 33,500 metres of drilling to further define the extent and continuity of mineralization. Ongoing metallurgical testing will also be conducted to confirm heap leach recovery characteristics. Portions of the program will also support the updated Florida Canyon feasibility study and technical report, expected to be completed in the third quarter of 2026.About IntegraIntegra is a growing precious metals producer in the Great Basin of the western United States. The Company is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is advancing its flagship development-stage heap leach projects: the DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Michael J. Murenbeeld AIPG CPG-12233, Integra's Manager Geology and Exploration. Mr. Murenbeeld is a "qualified person" as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Sampling and QA/QC ProcedureReverse circulation samples were collected at 5-foot intervals directly at the drill rig using pre-labeled bags. Samples were submitted to American Assay Laboratories ("AAL") in Reno, Nevada, an ISO/IEC 17025 accredited laboratory. AAL is independent of Integra. Sample preparation involved drying, jaw crushing to >70% passing 2 mm (10 mesh) and pulverizing a 300 g split to >85% passing 75 microns.Gold analysis was performed on a 30-gram pulp using fire assay with ICP-AES finish. Samples returning >10 ppm Au were re-assayed using a gravimetric finish. Additionally, samples with Au >0.156 ppm underwent cyanide-soluble (0.3% NaCN/0.3%NaOH using a sample to solution ratio of 1:2 or 10g/20mL) analysis and preg-robbing (0.3% NaCN/0.3%NaOH + 1.71ppm/mL Au spike using 1:2 ratio calculates to 3.42ppm in the 10g/20mL) tests to assess metallurgical characteristics. Quality control protocols included the routine insertion of blank samples, certified reference materials (standards), and field and pulp duplicates. Blank material and standards were purchased from Moment Exploration Geochemistry. AAL also inserted internal control samples and duplicates within each batch.Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the potential to expand mineral resources and reserves, extend mine life, optimize mine planning, and maximize project value, as well as the anticipated timing of results and a future technical and revised life-of-mine plan for Florida Canyon; the future financial or operating performance of the Company and the Wildcat and Mountain View deposits (the "Nevada North Project"), the Florida Mountain and DeLamar deposits (the "DeLamar Project") and the Florida Canyon mine (the "Florida Canyon Mine" and together with the Nevada North Project and the DeLamar Project, the "Projects"). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: expected synergies from acquisition of Florida Canyon; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Projects; satisfying ongoing covenants under the Company's loan facilities; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-announces-results-from-near-mine-oxide-gold-drilling-at-florida-canyon-including-138-metres-at-0-32-gt-au-and-128-metres-at-0-36-gt-au-highlighting-near-mine-growth-and-mine-life-extension-potential-302741009.htmlSOURCE Integra Resources Corp.
Original: INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON, INCLUDING 138 METRES AT 0.32 G/T AU AND 128 METRES AT 0.36 G/T AU, HIGHLIGHTING NEAR-MINE GROWTH AND MINE LIFE EXTENSION POTENTIAL
US Market News
2月前
INTEGRA LAUNCHES LARGEST DRILL PROGRAM IN ITS HISTORY: 50,000-METER EXPANDED PROGRAM TARGETING RESOURCE GROWTH, MINE LIFE EXTENSION AND ADVANCED ENGINEERING AT FLORIDA CANYON, DELAMAR AND NEVADA NORTHApril 9, 2026 6:30 AM
PR Newswire (US)
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
VANCOUVER, BC, April 9, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce the launch of a 50,000-meter drill program (the "2026 Drilling Program") across its Nevada and Idaho portfolio, marking the largest gold-focussed exploration campaign in the Company's history.Highlights:42,500 meters of drilling planned at the gold producing Florida Canyon Mine (the "Florida Canyon Mine" or "Florida Canyon"), focused on near-mine oxide gold targets and the nearby past-producing Standard Mine area.5,500 meters of development and resource conversion drilling planned at the Nevada North Project (Wildcat Deposit), supporting a future pre-feasibility study and resource growth.2,500 meters of advanced engineering drilling at the DeLamar Gold-Silver Project (the "DeLamar Project" or "DeLamar") to support future development of one of the largest and most advanced undeveloped heap leach gold-silver projects in the Great Basin.The 2026 Drilling Program is designed to expand mineral resources, extend mine life, and unlock additional value across Integra's portfolio.Initial drill results are expected in summer 2026 and will continue throughout the year.The 2026 Drilling Program marks an important investment in Integra's evolution as both a gold producer and an exploration-driven growth company, with drilling designed to expand mineral resources, extend mine life, and collect key engineering, metallurgical, and hydrogeological data to support future mine development.George Salamis, President, CEO and Director of Integra commented: "The launch of our 2026 Drilling Program marks an exciting moment for Integra and its shareholders as we return to the drill bit in a meaningful way, to focus on resource growth and potential discoveries. This is high-return, infrastructure-led drilling. Much of the drilling will be focused on targets located near existing mining infrastructure, where success can be rapidly converted into production. With Florida Canyon now generating strong cash flow, we are reinvesting into high-impact drilling across our portfolio. This program is designed to deliver near-term resource growth, extend mine life, and unlock additional value from infrastructure already in place. We see meaningful upside at Florida Canyon in particular, where exploration success can translate directly into production and cash flow.With strong gold prices and extensive mining infrastructure already in place, exploration success has the potential to translate directly into additional resources, extended mine life, shared synergies between assets and long-term value creation for our shareholders."OverviewThe 2026 Drilling Program will focus on three cornerstone gold assets within Integra's portfolio:Florida Canyon Mine, Nevada – near-mine and regional exploration targeting oxide gold opportunities surrounding existing infrastructure, in addition to targeting and defining low grade stockpiled rock.Nevada North Project (Wildcat Deposit), Nevada – exploration, development and resource conversion drilling to support the upcoming pre-feasibility study.DeLamar Project, Idaho – advanced engineering-focused drilling in preparation for future mine development.The 2026 Drilling Program represents the next phase in Integra's multi-year strategy aimed at unlocking additional value across its portfolio of gold-silver assets in the Great Basin.Nevada Exploration ProgramsFlorida Canyon MineThe 2026 Drilling Program at Florida Canyon consists of approximately 42,500 meters of reverse circulation ("RC") and core drilling. Exploration activities include 9,000 meters focused on testing new gold targets identified around the Florida Canyon and Standard Mine areas (collectively, the "Florida Canyon Property") and 33,500 meters focused on resource development at the Florida Canyon Mine Property.Drilling has already commenced and is expected to conclude in Q4 2026, with initial results anticipated during the summer of 2026. Portions of the program will also support the updated Florida Canyon feasibility study and 43-101 technical report, expected to be completed in the third quarter of 2026. Exploration activities will focus on three key opportunities across the Florida Canyon Property.Opportunity 1: Underexplored Extensions of Florida Canyon Gold Mineralization (2,300 meters)Analysis of historical data and exploration work completed in 2025 identified several areas within the current Florida Canyon Mine Plan of Operations with significant exploration upside. These targets have the potential to provide near-term oxide gold ounces that could be processed using existing heap leach infrastructure.Key objectives include:Testing the Radio Tower South area, where sparse historical drilling intersected favorable near-surface oxide gold mineralization close to existing processing infrastructure.Testing for undiscovered gold mineralization along the range-front fault, a structural feature known to locally control gold mineralization within active pits at Florida Canyon.Expanding gold mineralization south of current mining operations.Figure 1 – Florida Canyon Mine Property:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-1-Plan-Figure-2026-04-01.pdfOpportunity 2: Standard Mine Area Targets (6,000 meters)Exploration drilling in the past-producing Standard Mine area, located 6 kilometers ("km") south of Florida Canyon, will target large volumes of historical gold-mineralized backfill and low-grade gold mineralized waste material that were previously considered below the mining cut-off grade in a significantly lower gold price environment over a decade ago. These areas represent a near-term opportunity to increase mineral resources in proximity to existing mining and processing infrastructure.Key objectives include:Evaluating gold grades and continuity within historical backfilled pits and gold mineralized waste material.Collecting material for metallurgical testing.Identifying potential heap-leachable material that may not require blasting, improving operational flexibility.A similar exploration strategy was successfully applied at the Company's DeLamar Project in Idaho in 2022, where drilling of historical stockpiles and backfill areas ultimately resulted in the addition of a significant quantity of heap-leachable gold-silver mineralized material, and mine life in the feasibility study, to the DeLamar Project's mineral resource.In addition to historical backfill targets, drilling will also test in-situ exploration gold targets in the Standard Mine area identified through historical drilling and surface geochemistry.Key objectives include:Follow-up drilling at the High Standard target, situated 0.5 km east of the Standard Mine area, where historical drilling suggests favorable near-surface gold grades.Testing a large surface geochemical gold anomaly east of previous mining operations, identified through geologic mapping and geochemical sampling.Successful exploration results in these zones have the potential to meaningfully increase future mineral resources and reserves at the Florida Canyon Property.Figure 2 –Exploration Targets at Florida Canyon and Standard Properties with Soil Gold Geochemistry:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-2-Soil-Geochem-2026-04-01.pdfOpportunity 3: Greenfield Exploration Targets (1,100 meters) Historical data compilation, geochemical sampling, geophysical surveys, geological mapping, and VRIFY artificial intelligence-assisted ("AI") targeting completed in 2025 generated several previously undrilled exploration targets across the Florida Canyon Property. Initial drilling of select targets is planned for 2026, pending permit approval.Key objectives include:Testing priority greenfield targets, a number aided by data generated by VRIFY AI, that may represent new zones of gold mineralization in proximity to Florida Canyon infrastructure.Collecting additional geochemical and geophysical data to support future exploration targeting.Exploration drilling outside of current mine operations has been limited in recent years under previous ownership and lower gold prices. Based on available data, several targets across the property have little or no historical drilling, presenting compelling exploration opportunities.Figure 3 – Florida Canyon Mine VRIFY AI Generated Greenfield Exploration Targets:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-3-Targets-2026-04-01.pdfNevada North Project – Wildcat DepositUpon approval of the Exploration Plan of Operations, expected in Q2 2026, the Company anticipates commencing drilling at the Wildcat Deposit within the Nevada North Project.The planned program includes:Approximately 500 meters of core drilling for metallurgical, geotechnical and geochemical testing.Approximately 5,000 meters of resource conversion drilling, to support the pre-feasibility study.Additional exploration drilling targeting extensions of known gold mineralization and regional exploration targets identified using VRIFY AI.Data collected from drilling in 2026 is expected to support a planned pre-feasibility study targeted for completion in early 2027.Figure 4 – Wildcat Property Location Map:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-4-FCM-WC-Property-Locations-2026-04-01.pdfIdaho Exploration ProgramDeLamar ProjectDrilling at the DeLamar Project during the 2026 field season will focus on advanced engineering work in preparation for future project development. The program is expected to include approximately 2,500 meters of drilling dedicated to collecting metallurgical and geotechnical data required for detailed engineering of the DeLamar Project in preparation for construction, once all applicable federal, state and local permits are obtained.2026 Drilling Program TimingThe exploration drilling program at Florida Canyon is expected to continue through Q4 2026, with initial results anticipated during summer 2026. Drilling at Nevada North (Wildcat Deposit) is scheduled to commence late Q2 2026 and will be completed by Q4 2026. Drilling at DeLamar is scheduled to commence in Q2 of this year and will be completed by Q4 2026.The 2026 Drilling Program forms an important component of Integra's broader strategy of maximizing value from its portfolio of high-quality assets through disciplined capital allocation, operational excellence, and targeted exploration.Building a Growth-Oriented Great Basin Gold PlatformWith the acquisition of the Florida Canyon Mine, Integra successfully transitioned into a gold producer while maintaining a strong pipeline of development and exploration assets across the Great Basin, totaling over 10 million ounces of gold-equivalent in this premier mining jurisdiction.The 2026 Drilling Program represents a renewed focus on unlocking exploration upside across the Company's portfolio, while continuing to generate cash flow from operations. By advancing development at DeLamar, progressing technical work at Nevada North, and identifying additional mineralization at Florida Canyon, Integra aims to grow production, expand resources, extend mine life and de-risk projects across its portfolio of high-quality heap leach assets in Nevada and Idaho. This strategy positions Integra to deliver long-term value through a combination of operating cash flow, disciplined project development, and targeted exploration success.About IntegraIntegra is a growing precious metals producer in the Great Basin of the western United States. The Company is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is advancing its flagship development-stage heap leach projects: the DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Michael J. Murenbeeld, American Institute of Professional Geologists ("AIPG") CPG-12233, Integra's Manager Geology and Exploration. Mr. Murenbeeld is a "qualified person" as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to get a better understanding of the Company's operating environment, business operations and financial performance and condition. Forward-looking statements relate, but are not limited, to: statements regarding the timing, scope, and objectives of the 2026 Drilling Program; the potential to expand mineral resources and reserves, extend mine life, optimize mine planning, and maximize project value, as well as the anticipated timing of results and an updated feasibility study and technical report for Florida Canyon; the anticipated timing and results of a pre-feasibility study and technical report for Nevada North; anticipated advancement of the Company's projects and future exploration prospects; the future price of metals; government regulation of mining operations; and future growth potential of the Company's projects. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's abilities to complete its planned exploration and development programs; the absence of adverse conditions at the Company's projects; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. This list in not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions and have attempted to identify important factors that could cause actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in the Company's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and on the EDGAR issuer profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-launches-largest-drill-program-in-its-history-50-000-meter-expanded-program-targeting-resource-growth-mine-life-extension-and-advanced-engineering-at-florida-canyon-delamar-and-nevada-north-302737521.htmlSOURCE Integra Resources Corp.
Original: INTEGRA LAUNCHES LARGEST DRILL PROGRAM IN ITS HISTORY: 50,000-METER EXPANDED PROGRAM TARGETING RESOURCE GROWTH, MINE LIFE EXTENSION AND ADVANCED ENGINEERING AT FLORIDA CANYON, DELAMAR AND NEVADA NORTH
US Market News
2月前
INTEGRA REPORTS FOURTH QUARTER 2025 RESULTS; STRONG ANNUAL PRODUCTION FROM FLORIDA CANYON MINE, RECORD ADJUSTED NET EARNINGS, AND STRENGTHENED FINANCIAL POSITIONMarch 24, 2026 5:48 PM
PR Newswire (Canada)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, March 24, 2026 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce financial and operating results for the three months and year ended December 31, 2025 (the "fourth quarter" or "Q4 2025" and "YE," respectively). The Company will host a conference call to discuss fourth quarter 2025 results on Thursday, March 25, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time.
(All amounts expressed in United States ("U.S.") dollars unless otherwise stated)Fourth Quarter and Year End 2025 Highlights:Mined 3.4M and 12.0M tonnes of ore and 2.4M and 10.6M tonnes of waste at a strip ratio of 0.71 and 0.88 at the Florida Canyon Mine for Q4 2025 and YE 2025 periods, respectively. As a result, mining rates were 37,143 and 32,914 tonnes per day ("tpd"), for those respective periods.In Q4 2025, Florida Canyon produced 12,864 gold ounces and sold 12,920 gold ounces at a record average realized price of $4,229 per gold ounce. For YE 2025, Florida Canyon produced 70,927 gold ounces and sold 70,919 gold ounces at average realized price of $3,411 per gold ounce.Quarterly revenue of $55.2 million, compared to revenue of $70.7 million in Q3 2025. YE revenue of $243.9 million.Mine operating earnings of $25.3 million compared to $28.6 million in Q3 2025. Operating margin of 46% in Q4 2025 was improved from the 40% operating margin recorded in Q3 2025. YE mine operating earnings of $94.5 million at an operating margin of 39%.Q4 adjusted earnings(1) of $14.8 million, or $0.09 per share, compared to $16.3 million, or $0.10 per share in Q3 2025. YE adjusted earnings of $47.3 million, or $0.28 per share. Adjustments were largely related to realized derivative losses on the debt conversion feature, unrealized gains associated with the bullion contracts and debt conversion feature, and deferred tax expenses.Q4 net loss of $5.7 million, or $0.03 loss per share was slightly improved from the net loss of $8.2 million, or $0.05 earnings per share recorded in Q3 2025. YE net loss of $2.2 million, or $0.01 loss per share. The net losses in both the quarterly and annual periods were largely the result of non-cash revaluations and conversion of the derivative debt conversion feature driven by the appreciation of the Company's share price.Cash costs(1) averaged $2,036 per gold ounce in Q4 2025, increased from $1,876 in Q3 2025. YE cash costs of $1,937 per gold ounce were marginally above the Company's guidance range of $1,800 to $1,900 per ounce. This increase is primarily due to higher royalties and excise taxes on gold sales from higher than planned metal prices.Mine-site all in sustaining costs(1) ("Mine-site AISC") averaged $3,371 per gold ounce in Q4 2025, compared to $2,647 in Q3 2025. Mine-site AISC was elevated as expected due to planned payments related to new equipment purchases made during the quarter. YE 2025 Mine-site AISC of $2,693 per gold ounce exceeded the guidance range of $2,450 to $2,550 per ounce, due to elevated royalties and excise taxes from higher than planned gold prices.Operating cash flow of $4.7 million, decreased from $35.6 million in Q3 2025 largely due to build-up of ounces in inventory which resulted from a one-time, temporary reduction in solution flow rates resulting from a liner tear in a solution pond which occurred and was repaired in the fourth quarter. Operating cash flow before changes in working capital in the quarter was $20.9 million. Operating cash flow and operating cash flow before changes in working capital for YE 2025 was $72.3 million and $71.2 million, respectively.Free cash outflow was $12.2 million, or $0.07 per share, for the quarter. Free cash inflow was $19.8 million, or $0.12 for the full year.Ended the quarter with cash and cash equivalents of $63.1 million, a decrease from $81.2 million in Q3 2025 resulting from reduced operating cash flow following metal inventory buildups as a result of the reduced solution flow rates preceding the liner repair which was completed in Q4 2025. The Company expects to recover these deferred ounces by drawing down inventories in 2026.Continued advancement of the 2025 resource growth drilling program at Florida Canyon. The drilling program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources, extend mine life, and enhance the value of Florida Canyon. The Forida Canyon technical report is on track and expected to be completed in the third quarter of 2026.Continued engagement with stakeholders across Nevada, Idaho, and Oregon, including local communities, civic and non-profit organizations, government officials, and Tribal Nations inclusive of the Company's Relationship Agreement with the Shoshone-Paiute Tribes of the Duck Valley Indian Reservation, establishing a transformative and long-term partnership for the development of the DeLamar Project.The Company completed its Feasibility Study Technical Report ("FS") for the DeLamar Project with an effective date December 8, 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return.At DeLamar, efforts in 2026 will focus on advancing and de-risking the project through detailed engineering, long lead equipment procurement, and permitting advancement under the National Environmental Policy Act ("NEPA"), guided by the federally regulated FAST-41 guidelines. In January 2026, the United States Bureau of Land Management ("BLM") formally established a federal permitting schedule under NEPA for DeLamar.Appointment of Chantal Lavoie to Board of Directors subsequent to year end. Mr. Lavoie is a mining engineer and seasoned executive with more than 40 years of experience in mine development, operations, capital project execution and corporate governance across gold, base metals, diamonds and iron ore.Appointment of Scott Guay, P.Eng., as Vice President, Project Development. Mr. Guay joins Integra from Kinross Gold Corporation, where he held senior leadership roles overseeing global mining project services and delivery of capital projects. During his more than 15-year tenure, he supported multiple complex, large-scale gold mine expansions and mine restart projects across North and South America and Africa, contributing to project planning, engineering management, procurement strategy, and execution governance for projects of significant strategic importance.(1)Refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release and associated MD&A for a description and calculation of these measures.George Salamis, President, CEO and Director of Integra commented:"2025 marked a transformational year for Integra, as we delivered record cash flow from Florida Canyon, met our gold production guidance, and strengthened the operation through re-investment in fleet upgrades, operational improvements, and expansion drilling aimed at extending mine life. Costs were modestly above guidance, primarily reflecting higher gold prices and associated royalties.At DeLamar, we advanced a robust feasibility study, secured our MPO approval, and achieved FAST-41 designation supporting a 15-month accelerated permitting timeline, while strengthening partnerships with Tribal Nations and advancing key land acquisition initiatives. Corporately, we also enhanced our leadership team, eliminated debt, and broadened our institutional shareholder base, driving strong share price performance and recognition as one of the TSX Venture Exchange's Top 50 performing companies in 2025.Looking ahead, we expect 2026 to be a catalyst-rich year, including an updated technical report and mine plan for Florida Canyon, the initiation of a pre-feasibility study at Nevada North, expanded exploration programs across our portfolio, and continued advancement of DeLamar through permitting, early works, and detailed engineering. With production expected to grow to 80,000 to 90,000 ounces in 2027 and 2028, we believe 2026 will be an inflection point for the Company as we lay the groundwork for Integra's next phase of growth."Financial and Operating HighlightsUnit abbreviations in tables: kt = thousand tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce, $000s = thousands of U.S. dollars, $/sh = U.S. dollars per share, $/oz = U.S. dollars per gold ounce, $/oz sold = U.S. dollars per gold ounce sold.
Three months ended December 31,Year ended December 31,Operating HighlightsUnit20252025Ore minedkt3,41812,047Ore mined/daytpd37,14332,914Waste minedkt2,42010,584Strip ratiowaste/ore0.710.88Crushed ore to padkt1,9317,580Run of mine ore to padkt2,0085,646Total placedkt3,93913,226
Gold
Average gradeg/t0.240.22Recovery%59.2 %60.1 %Producedoz12,86470,927Soldoz12,92070,919
Three months ended December 31,Year ended December 31,Financial HighlightsUnit20252025Revenue$ millions55.2243.9Cost of sales$ millions(29.9)(149.4)Mine operating earnings$ millions25.394.5Earnings for the period$ millions(5.7)(2.2)Earnings per share (basic)$/share(0.03)(0.01)Adjusted earnings for the period(1)$ millions14.847.3Adjusted earnings per share (basic)(1)$/share0.090.28Operating cash flow$ millions4.772.3Operating cash flow per share (basic)$/share0.030.43Free cash flow(1)$ millions(12.2)19.8Free cash flow per share (basic)$/share(0.07)0.12Cash costs(1)$/oz sold2,0361,937Mine-site AISC(1)$/oz sold3,3712,693
(1)Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release. Financial Position
December 31, 2025December 31, 2024Cash and cash equivalents$ millions$ 63.1$ 52.2Working capital(1)$ millions$ 92.9$ 64.4
(1)Non-GAAP financial measure. Refer to the "Non-GAAP Financial Measures" section of this news release.MiningIn Q4 2025, the Company mined 3.4M tonnes of ore from its open pit operations at Florida Canyon, a 35% increase over the 2.5M tonnes mined in Q3 2025. The Company also mined 2.4M tonnes of waste in Q4 2025, resulting in a strip ratio of 0.71, down from 3.4M tonnes of waste and a strip ratio of 1.34 in Q3 2025. Waste mining rates decreased in Q4 2025 compared to Q3 2025, due to a provisional adjustment of the mine sequence in Q3 to overcome dust suppression challenges caused by a temporary water shortage in the dry summer months. The temporary water shortage in Q3 was caused by a problematic historic water well, which has since been successfully replaced.For the full year, the Company mined a total of 12.0M tonnes of ore and 10.6M tonnes of waste, for a strip ratio of 0.88, which reflects continued waste stripping in higher pits, and increased ROM tonnes placed.ProductionIn Q4 2025, the Company produced 12,864 ounces of gold, compared to 20,653 ounces in Q3 2025. Production during the quarter was derived from gold placed on the Phase IIIa leach pad, together with residual recovery from Phases I and II. The decreased production in Q4 resulted from a one-time, temporary reduction in solution flow rates resulting from a liner tear in a solution pond identified during the fourth quarter. The liner was fully repaired by mid-November with no solution releases and no environmental impact. Solution flow rates were restored to normal levels prior to year-end. Preventative measures, including an additional protective liner and improved access to the affected area for personnel and equipment, have been implemented for more effective response in the unlikely event this occurs again in the future. Importantly, gold ounces associated with the reduced solution flow during the quarter were deferred, not lost, and are expected to remain recoverable through continued leaching. Based on leach pad inventories and normalized solution flow, the Company expects the majority of ounces deferred during the fourth quarter—estimated at approximately 2,000 to 3,000 ounces—to be recovered through ongoing leaching throughout 2026.During the quarter, Florida Canyon completed construction of the Phase IIIb heap leach pad, with regulatory approval to begin leaching expected in the first quarter of 2026. The Company also advanced its fleet revitalization program with refurbishment of legacy haul trucks and loaders, while commissioning four new machines: a Hitachi EX3600 front shovel, a Caterpillar 992HL loader, and two Caterpillar 785 haul trucks. An additional six Caterpillar 785 haul trucks are expected to be commissioned in the first half of 2026. The upgraded fleet is expected to reduce reliance on expensive rental equipment, enhance productivity, and lower mining costs per tonne over the coming years.Despite lower fourth quarter production relative to earlier quarters, Florida Canyon delivered 70,927 ounces of gold for the full year, achieving Integra's 2025 gold production guidance. Recovery rates for the year remained consistent with expectations, and the modest fourth quarter variance reflects timing rather than any change in ore quality or metallurgical performance.Average gold process recoveries were 59.2% in Q4 2025 and 60.1% year-to-date, slightly less than the 60.7% recovery achieved in Q3 2025. Annual recoveries were in line with expectations.Sustaining and Non-sustaining Capital In Q4 2025, the Company invested $16.9 million in sustaining capital, bringing total spending to $52.4 million for the full year. This reflects the Company's ongoing commitment to reinvesting in the mine through new leach pad construction, increased capital stripping, and mobile equipment refurbishments. The Company also invested $2.9 million in non-sustaining growth capital during the fourth quarter, bringing total spending to $5.5 million for the full year. This spending was primarily directed toward the growth-focused drilling program at the Florida Canyon Mine discussed further in the Exploration section below, as well as new equipment down payments.These expenditures are in line with the Company's 2025 Guidance.Cash Costs and Mine-site AISCCash costs averaged $2,036 per gold ounce in Q4 2025 and $1,937 per gold ounce for the full year. Mine-site AISC averaged $3,371 per gold ounce in Q4 2025 and $2,693 per gold ounce for YE, with both metrics elevated as expected due to planned payments related to new equipment purchases made during the quarter. The Company expects to continue commissioning additional equipment through early 2026.The Company ended 2025 with an average AISC slightly higher than the stated guidance of $2,450 to $2,550 per ounce, mainly due to higher royalties as a result of the increase in realized gold prices since issuing guidance in the second quarter.Royalties and excise taxes, which constitute a material component of cash costs and Mine-site AISC, are directly impacted by fluctuations in the gold price. A $100 per ounce change in the gold price results in an estimated $7 change to both cash costs and Mine-site AISC.ExplorationIn Q4 2025, the Company also continued its growth focused drilling program at Florida Canyon, completing approximately 3,100 meters of reverse circulation and sonic drilling. The 2025 program, originally planned for approximately 10,000 meters, was subsequently expanded to 16,000 meters due to its initial success. Drilling is focused on three key areas: (1) evaluating near-surface oxide potential from historical waste areas; (2) expanding in-situ resources between existing open pits; and (3) testing lateral extensions and conducting in-pit infill drilling. The program is specifically designed to support resource and reserve growth and extend mine life at Florida Canyon. The 2025 drill program at Florida Canyon will support a mineral resource and reserve update and a revised life-of-mine plan in mid-2026.Program expenditures totaled $1.4 million in Q4 2025 and $4.0 million for the year. Selected Q4 and YE 2025 Financial ResultsRevenue In Q4 2025, the Company sold 12,920 ounces of gold at average realized prices of $4,229 per ounce of gold generating revenue of $55.2 million, compared to 11,382 ounces at average realized prices of $2,643 per ounce in Q4 2024, resulting in revenues of $30.1 million.In 2025, the Company sold 70,919 ounces of gold at average realized prices of $3,411 per ounce of gold, generating revenue of $243.9 million, compared to 11,382 ounces of gold at average realized prices of $2,643 per ounce of gold in 2024, resulting in revenues of $30.1 million, representing 53 days of operation following the acquisition of the Florida Canyon Mine on November 8, 2024.Net Earnings During the three months and year ended December 31, 2025, net losses were $5.7 million and $2.2 million, respectively, compared to net earnings of $9.5 million and a net loss of $9.5 million for the same periods in 2024. The net loss in Q4 2025 and YE 2025 was primarily the result of the non-cash derivative loss realized on the conversion feature of the convertible debt facility.Q4 2025 adjusted earnings of $14.8 million, or $0.09 per share, increased compared to adjusted earnings of $2.3 million or $0.02 per share in Q4 2024. The increase was primarily related to $19.9 million in higher mine operating earnings as a result of higher gold sales with higher average realized prices. YE 2025 adjusted earnings of $47.3 million, or $0.28 per share, increased compared to adjusted loss of $16.1 million, or $0.17 loss per share. This increase is primarily due to 2025 being the first full year of operations since the Florida Canyon Mine acquisition and improved operating margins.Cash FlowCash flows provided by operations in Q4 2025 totaled $4.7 million, a decrease of $2.7 million compared to the $7.3 million generated in Q4 2024. The primary driver of this decrease is related to a $24.9 million increase in cash used for working capital, largely driven by inventory buildups, plus $3.0 million of income taxes paid in Q4 2025 with no amounts in the comparative period. These outflows exceeded the increased cash flow from improved mine operating earnings that benefited from higher metal prices.Cash flows generated by operations for the year totaled $72.3 million, a $82.3 million increase compared to $10.1 million cash utilized in the comparable 2024 period, due to 2025 being the first full year of operations since the Florida Canyon Mine acquisition.The Company remitted tax payments of $8.5 million for the full year.During the fourth quarter, the Company made payments of $20.0 million for mineral properties, plant and equipment, and leases, of which $2.9 million were related to non-sustaining capital expenditures at Florida Canyon. This increased from payments of $4.3 million for mineral property, plant and equipment, and leases made in Q4 2024, which were related to sustaining capital expenditures at Florida Canyon.Q4 2025 free cash flow utilized of $12.2 million, or $0.07 per share, was lower than $5.0 million, or $0.04 per share, generated in Q4 2024. YE 2025 free cash flow generated of $19.8 million, or $0.12 per share, increased from $12.4 million, or $0.13 per share, utilized in the comparable 2024 period.Financial PositionAs at December 31, 2025, the Company had a cash and cash equivalent balance of $63.1 million, an increase of $10.9 million from $52.2 million at December 31, 2024.The Company's working capital was $92.9 million on December 31, 2025, reflecting a $28.5 million increase from December 31, 2024. This increase was mainly due to a decrease in debt and derivative liabilities due to the conversion of the Beedie loan facility, partially offset by a decrease in cash resulting from continued investment in the Florida Canyon Mine.Subsequent to year-end, the Company completed a bought deal public offering of 18,121,600 common shares of the Company at a price of $3.40 per Common Share for aggregate gross proceeds of $61.6 million. The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase.Development ProjectsIntegra's 2025 DeLamar Project Mine Plan of Operations (the "MPO"), has been determined to be administratively complete, meeting the content requirements at 43 CFR 3809.401(b). The MPO will serve as the basis for BLM's environmental review of the Project under NEPA. Following the publishing of the NOI in Q2 2026, Public and Agency Scoping will identify environmental concerns (issues) associated with project implementation. These issues will inform the development of potential alternatives. Environmental effects analysis of the DeLamar Project and a reasonable range of alternatives will then proceed and an EIS will be prepared. In the EIS and accompanying record of decision, anticipated in Q3 2027, the BLM will identify a Preferred Alternative and any required mitigation measures required for Project implementation. Following the NEPA process, a final revised Project MPO will be prepared that incorporates the Preferred Alternative and any identified mitigation measures. Once all applicable Federal, State and Local permits are obtained, the Project will commence construction.The DeLamar Project's permitting timeline posted to the FAST-41 project dashboard on January 13, 2026. The FAST-41 Transparency Project program is a federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency. Agencies must develop and maintain a coordinated, project-specific timetable for all required environmental review and permitting actions. Integra will be designated a dedicated project advisor from the Permitting Council, who will monitor the advancement of the project – maintaining active engagement and coordination across multiple regulatory agencies. The Permitting Council provides high-level oversight to ensure that Federal agencies adhere to established timetables. The DeLamar Project's permitting timeline posted to the FAST-41 project dashboard highlights an accelerated 15 month NEPA schedule from start to finish.The Company completed its FS for DeLamar Heap Leach Project with an effective date December 8, 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. The FS outlines total production of 1.1 million ounces of gold equivalent ("AuEq") over a 10-year operating mine life (plus two years of residual leaching), resulting in an average annual production profile of 106,000 ounces AuEq per annum at a co-product Mine-site AISC of $1,480 per ounce ("/oz") AuEq. Initial capital cost are $389 million, including $38 million of owners' cost, and sustaining capital of $305 million over the mine life. The Project generates an after-tax net present value ("NPV5%") of approximately $774 million with an after-tax internal rate of return ("IRR") of 46% at base case gold and silver prices of $3,000/oz and $35/oz, respectively. After-tax NPV5% improves to approximately $1.9 billion and after-tax IRR to 97% using recent gold and silver prices of $4,500/oz and $65/oz, respectively.During the quarter the Company also advanced the Nevada North Project. A preliminary hydrogeological study was initiated at Wildcat to develop a hydrogeological conceptual site model ("HCSM") and to assess potential water management and supply issues impacting mining and reclamation planning. Four monitoring wells have been installed under an existing notice authorization, and will provide data related to groundwater depth, flow direction and water quality. Further hydrogeological studies are planned for 2026 and will be informed by these preliminary data. The environmental analysis for the Wildcat Exploration Plan of Operations ("EPO") is complete, and decision documentation will be complete pending approval of a Memorandum of Agreement with the State Historical Preservation Office and Tribal governments. Once approved, the Wildcat EPO will provide greater flexibility for significantly expanded exploration and drilling campaigns that will initiate in 2026. The Reclamation Permit from Nevada Division of Environmental Protection ("NDEP") Bureau of Mining Regulation and Reclamation ("BMRR") is also in process and anticipated in Q2 2026.At Mountain View, environmental analysis for the EPO is also complete. The Mountain View EPO has completed its 30-day public comment period, and a Final Environmental Assessment was published in Q4 2025. The NDEP BMRR Reclamation Permit is anticipated in Q2 2026. Once approved, the Mountain View EPO will provide greater flexibility for significantly expanded exploration and drilling campaigns in the future. Integra expects to begin work on an updated technical report for Nevada North in 2026 with a target release date in early 2027.External Affairs activities for the quarter maintained broad stakeholder engagement, with the most frequent stakeholder categories including local residents, civic and non-profit organizations, government and elected officials, and Tribal nations, totaling over 4,250 stakeholders engaged in Nevada, Idaho, and Oregon. Specific initiatives included workforce development planning, community wood-bank support, seasonal food-bank holiday drives, industry conferences, and Tribal Relationship Agreement implementation. Targeted engagement informing mine planning and design included regenerative grazing, park & ride location, reclamation planning, visual effects, Indigenous knowledge and cultural studies.Health, Safety and EnvironmentIntegra experienced zero fatalities and zero lost time incidents in Q4 2025. Three MSHA-reportable injuries occurred at Florida Canyon in Q4, which brought the full-year total to seven. The 2025 total recordable incident frequency rate ("TRIFR") at Florida Canyon was 1.79.Integra recorded six minor reportable environmental spills, incidents, or non-compliances in 2025, one of which occurred in the fourth quarter.2026 Guidance and OutlookIntegra provides the following annual guidance for 2026:
Unit (1)Guidance RangeFlorida Canyon Mine
2026 Gold Productionoz70,000 - 75,0002027 Gold Productionoz80,000 - 90,0002028 Gold Productionoz80,000 - 90,0002026 Total Cash Cost(2)$/oz sold$1,900 - $2,1002026 Mine-Site All-In Sustaining Costs ("AISC")(2)$/oz sold$2,750 - $2,9502026 Sustaining Capital Expenditures and Leases$m$62.0 - $68.02026 Non-Sustaining (Growth) Capital Expenditures$m$7.5 - $9.5Development Projects
2026 DeLamar and Nevada North Project Advancement Expenses$m$35.0 - $40.02026 DeLamar Pre-Production Capital Expenditures and Land Acquisitions $m$38.0 - $42.0Corporate
2026 General and Administrative Expenses(3)$m$8.5 - $9.0
(1)Unit abbreviations: oz = troy ounce, $/oz sold = U.S. dollars per gold ounce sold, $m = million of U.S. dollars(2)Non-GAAP measure. Please refer to "10. Non-GAAP Financial Measures" section of this news release. Calculated using an assumed average gold price of $3,800 per ounce; a $100 per ounce change in the gold price is estimated to result in an approximately $7 change in each metric.(3)Excludes non-cash stock-based compensation expense and depreciation expense.2026 Production, Cost, and Growth Outlook – Florida Canyon MineGold production from the Florida Canyon Mine ("Florida Canyon" or the "Mine") is expected to be 70,000 to 75,000 ounces in 2026 with approximately 45% of the gold ounces produced in the first half of 2026 ("H1 2026"). The Company is planning to mine approximately 13.9 million tonnes of ore and 19.3 million tonnes of waste for a total of 33.2 million tonnes, resulting in a strip ratio of 1.39. The increased strip ratio in 2026 reflects continued reinvestment through additional capitalized waste stripping and a targeted pit expansion of the Central Pit, which is expected to support higher annual gold production in 2027 and 2028.Cash costs at Florida Canyon are expected to range from $1,900 to $2,100 per ounce of gold sold, including royalties at the assumed gold price. The increase to the cash cost guidance range in 2026 versus 2025 is primarily a result of a higher gold price assumption.Sustaining capital expenditures of approximately $62.0 million to $68.0 million, with approximately 55% allocated to H1 2026, are focused on capitalized waste stripping, mobile fleet rebuild and replacement financing, infill and development drilling and other projects.Mine-Site AISC at Florida Canyon is expected to range from $2,750 to $2,950 per ounce of gold sold, which reflects the capital-intensive period at Florida Canyon expected in 2026, continuing from 2025. The increase to the Mine-Site AISC guidance range in 2026 versus 2025 is primarily a result of increased waste stripping, higher gold price assumptions impacting royalty costs, increased fleet rebuild financing, and increased infill and development drilling, all of which are designed to increase gold ounce production in 2027 and 2028. Infill and development drilling at Florida Canyon will consist of ~31,000 meters of reverse circulation drilling focused on near-mine targets designed to support oxide mineral reserve and resource growth.Growth capital between $7.5 million and $9.5 million at Florida Canyon will be deployed on expansion projects and studies whose results will be included in an updated technical report to be released in the third quarter of 2026, and growth exploration meant to test targets outside of the active mine boundary. The technical report will include the results of the oxide growth drilling program from 2025 which focused on near-mine targets, including inter-pit areas and historical low grade stockpiles. Approximately $2.8 million has been allocated to support the 2026 growth exploration program, with ~8,000 meters of reverse circulation drilling and ~1,000 meters of core drilling focused on testing new targets, something which has not been done at Florida Canyon in many years.2026-2028 Production Outlook – Florida Canyon MineSustaining and growth investments made in 2025 and 2026 are expected to support increased annual gold production at Florida Canyon of approximately 80,000 to 90,000 ounces per year in 2027 and 2028. This improved gold production profile is driven by targeted pit expansion and continued investment in the mobile mining fleet.Continuing from the investments made in 2025, approximately $5.0 million in additional capital stripping is planned in 2026 to expand the Central Pit, Florida Canyon's largest and most consistent mining area, providing access to additional mineralization for extraction in subsequent years.The Company also made significant investments into its mobile fleet in 2025, with further upgrades continuing into 2026. Key investment areas include the purchase of new equipment such as an excavator, a loader, eight haul trucks and several auxiliary pieces as well as rebuilding several existing pieces of mobile equipment. This work is expected to enhance operating capacity, productivity and overall mining performance.2026 Development Outlook – The DeLamar Project and the Nevada North ProjectIntegra remains committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project ("DeLamar") located in southwestern Idaho and the Nevada North Project ("Nevada North") located in western Nevada. The total expected project advancement spending between the two projects in 2026 is $35.0 million to $40.0 million for detailed engineering, permitting, baseline studies, and site support.At DeLamar, efforts in 2026 will focus on advancing and de-risking the project through detailed engineering, long lead equipment procurement, and permitting advancement under the NEPA, guided by the federally regulated FAST-41 guidelines. In January 2026 the BLM formally established a federal permitting schedule under NEPA for DeLamar. The BLM-defined schedule contemplates publication of a Notice of Intent ("NOI") in the second quarter of 2026, followed by an anticipated 15-month NEPA review period, culminating in the issuance of an Environmental Impact Statement ("EIS") and Record of Decision ("ROD") in the third quarter of 2027. In addition to project advancement spending at DeLamar, a total of $38.0 million to $42.0 million has been allocated to pre-production capital and strategic land acquisition. Approximately 70% of the pre-production capital at DeLamar will be for long lead equipment procurement and early works and approximately 30% will be used for strategic land acquisition.Nevada North consists of two mineral exploration deposits, the Wildcat Deposit ("Wildcat") and the Mountain View Deposit ("Mountain View"). At Nevada North, the Company has allocated approximately $10.0 million to $15.0 million, within the total project advancement budget, to execute several initiatives focused on project advancement and permitting. Upon receipt of a favorable decision from State and Federal regulators regarding the Project Exploration Plan of Operations, expected in early 2026, the Company anticipates the commencement of a metallurgical, geotechnical and geochemical test work program supported by ~500 meters of core drilling with a further ~5,000 meters planned for conversion drilling. Additionally, the Company is planning the commencement of a pre-feasibility study in the latter part of 2026 with an expected announcement in the first half of 2027. These initiatives support Integra's long-term strategy of de-risking and permitting its key heap leach development projects to build a leading U.S.-focused intermediate gold producer.Financial StatementsIntegra's consolidated financial statements and management's discussion and analysis as at and for the years ended December 31, 2025, are available on the Company's website at www.integraresources.com, and under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Hard copies of the financial statements are available free of charge upon written request to info@integraresources.com. Q4 2025 Conference Call and Webcast Details The Company will host a conference call and webcast on Wednesday, March 25, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time to review its financial and operating results for the fourth quarter of 2025. Details for the conference call and webcast are included below.Dial-In Numbers / Webcast:Conference ID: 1860723
Toll Free: (800) 715-9871
Toll: +1 (647) 932-3411
Webcast: https://events.q4inc.com/attendee/743710418 About Integra Resources Corp.Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: +1 (604) 416-0576Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")Non-GAAP Financial MeasuresManagement believes that the following non-GAAP financial measures will enable certain investors to better evaluate the Company's performance, liquidity, and ability to generate cash flow. These measures do not have any standardized definition under IFRS, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.Average realized gold price Average realized gold price per ounce is calculated by dividing the Company's gross revenue from gold sales for the relevant period by the gold ounces sold, respectively. The Company believes the measure is useful in understanding the gold prices realized by the Company throughout the period. The following table reconciles revenue and gold sold during the period with average realized prices:
Three months ended
December 31,Year ended
December 31,
20252025Gold revenue$ 54,637$ 241,886Gold ounces sold during the period12,92070,919Average realized gold price (per oz sold)$ 4,229$ 3,411Capital expendituresCapital expenditures are classified into sustaining capital expenditures or non-sustaining capital expenditures depending on the nature of the expenditure. Sustaining capital expenditures are those required to support current production levels. Non-sustaining capital expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended to increase production or extend mine life. Management believes this to be a useful indicator of the purpose of capital expenditures and this distinction is an input into the calculation of AISC.The following table reconciles payments for mineral properties, plant and equipment, and equipment leases to sustaining and non-sustaining capital expenditures:
Three months ended
December 31,Year ended
December 31,
20252025Payments for mineral properties, plant and equipment$ 14,569$ 46,455Payments for equipment leases5,23811,506Total capital expenditures19,80757,961Less: Non-sustaining capital expenditures(2,943)(5,516)Sustaining capital expenditures$ 16,864$ 52,445Free cash flowFree cash flow, a non-GAAP financial metric, subtracts sustaining capital expenditures from net cash provided by operating activities, serving as a valuable indicator of our capacity to generate cash from operations post-sustaining capital investments. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:
Three months ended
December 31,Year ended
December 31,
20252025Operating cash flow (1)$ 4,660$ 72,254Less: sustaining capital expenditures(16,864)(52,445)Free cash flow$ (12,204)$ 19,809Free cash flow per share (basic)$ (0.07)$ 0.12Weighted average shares outstanding (basic)170,654169,329Working capitalWorking capital is calculated as current assets less current liabilities. The Company uses this measure to assess its operational efficiency and short-term financial position.Operating marginOperating margin is calculated as mine operating earnings divided by revenue. The Company uses Operating Margin as a measure of the Company's profitability. The following table reconciles this non-GAAP financial measure to the most directly comparable IFRS Accounting Standard measure:
Three months ended
December 31,Year ended
December 31,
20252025Revenue$ 55,151$ 243,926Mine operating earnings25,26994,547Operating margin46 %39 %Operating cash flow before change in working capitalThe Company uses operating cash flow before change in working capital to determine the Company's ability to generate cash flow from operations, and it is calculated by adding back the change in working capital to operating cash flow as reported in the consolidated statements of cash flows.
Three months ended
December 31,Year ended
December 31,
20252025Operating cash flow (1)$ 4,660$ 72,254Change in working capital16,217(1,041)Operating cash flow before change in working capital$ 20,877$ 71,213Operating cash flow per share (basic)$ 0.03$ 0.43Operating cash flow before change in working capital per share (basic)$ 0.12$ 0.42Weighted average shares outstanding (basic)170,654169,329Cash costsCash costs are a non-GAAP financial metric which includes production costs, and government royalties. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on a site basis.AISCAll-in sustaining costs, a non-GAAP financial measure, starts with cash costs and includes general and administrative costs, reclamation accretion expense and sustaining capital expenditures. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on an overall company basis.Cash costs and AISC are calculated as follows:
Three months ended
December 31,Year ended
December 31,
20252025Production costs$ 23,289$ 119,520Royalties and excise taxes3,36715,740Fair value adjustment to production costs on sale of acquired inventories (1)1634,133Less: Silver revenue(514)(2,040)Total cash costs26,305137,353Reclamation accretion expense3841,212Sustaining capital expenditures16,86452,445Mine-site AISC$ 43,553$ 191,010General and administrative expenses$ 1,661$ 7,090Share-based compensation$ 499$ 1,970Total AISC$ 45,713$ 200,070Gold ounces sold (oz)12,92070,919Cash costs (per Au sold)$ 2,036$ 1,937Mine-site AISC (per Au sold)$ 3,371$ 2,693AISC (per Au sold)$ 3,538$ 2,821
(1)This non-cash adjustment to production costs for the years ended December 31, 2025, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.Adjusted earningsAdjusted earnings and adjusted basic earnings per share (collectively, "Adjusted Earnings") are presented to remove items that are unrelated to ongoing operations. These metrics do not have a standardized definition under IFRS Accounting Standards and should not be considered as a substitute for results prepared in accordance with IFRS Accounting Standards. Other companies may calculate Adjusted Earnings differently. Adjusted Earnings excludes the tax-effected impact of transaction and integration costs, unrealized gains and losses on foreign currency derivative contracts, gains or losses from the disposal of mineral properties, plant and equipment, and deferred taxes.
Three months ended
December 31,Twelve months ended
December 31,
20252025Net (loss) earnings$ (5,678)$ (2,243)Increase (decrease) due to:
Transaction and integration costs532,198Fair value adjustment to production costs on sale of acquired inventories (1)(163)(4,133)Unrealized (gains) losses on derivatives(21,568)326Realized loss on debt facility conversion38,36138,361(Gain) loss on disposal of mineral properties, plant and equipment(27)239Current tax effect from adjusting items(7)65Deferred tax expense (recovery)3,80412,506Adjusted earnings (loss)$ 14,775$ 47,319Weighted average shares outstanding (in 000's) Basic170,654169,329Adjusted basic earnings (loss) per share$ 0.09$ 0.28
(1)This non-cash adjustment to production costs for the years ended December 31, 2025, results from the fair value adjustment to inventories recognized upon the acquisition of the Florida Canyon Mine.Forward-looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to get a better understanding of the Company's operating environment, business operations and financial performance and condition. Forward-looking statements relate, but are not limited, to: the planned exploration, development and mining activities and expenditures of the Company, including estimated production, cash costs, all-in sustaining costs and capital expenditures; the estimation, realization and growth of mineral resource and reserve estimates; the development, operational and economic results of economic studies on the Company's projects; magnitude or quality of mineral deposits; anticipated advancement, timing and results of permitting for the Company's projects; benefits of non-GAAP measures; anticipated advancement of the Company's projects and future exploration prospects; the future price of metals; government regulation of mining operations; environmental risks; relationships with local communities; and future growth potential of the Company's projects. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's abilities to complete its planned exploration and development programs; the absence of adverse conditions at the Company's projects; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. This list in not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions and have attempted to identify important factors that could cause actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in the Company's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and on the EDGAR issuer profile for the Company at www.sec.gov. Investors are cautioned not to put undue reliance on forward-looking statements. The forward looking-statements contained herein are made as of the date of this MD&A and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.Cautionary Note for U.S. Investors Concerning Mineral Resources and ReservesNI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-reports-fourth-quarter-2025-results-strong-annual-production-from-florida-canyon-mine-record-adjusted-net-earnings-and-strengthened-financial-position-302724018.htmlSOURCE Integra Resources Corp.
Original: INTEGRA REPORTS FOURTH QUARTER 2025 RESULTS; STRONG ANNUAL PRODUCTION FROM FLORIDA CANYON MINE, RECORD ADJUSTED NET EARNINGS, AND STRENGTHENED FINANCIAL POSITION
US Market News
3月前
INTEGRA PROVIDES 2026 GUIDANCE AND THREE-YEAR OUTLOOK HIGHLIGHTING PRODUCTION GROWTH AT FLORIDA CANYON GOLD MINEFebruary 23, 2026 6:30 AM
PR Newswire (US)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, Feb. 23, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to provide 2026 guidance which contains an outlook for production, operating costs, sustaining and growth capital, and development spending across the Company's portfolio. The Company is also pleased to provide a production outlook for 2027 and 2028.
(All amounts in United States ("U.S.") dollars unless otherwise stated)Guidance Summary
Unit (1)Guidance Range Florida Canyon Mine
2026 Gold Productionoz70,000 - 75,0002027 Gold Productionoz80,000 - 90,0002028 Gold Productionoz80,000 - 90,0002026 Total Cash Cost(2)$/oz sold$1,900 - $2,1002026 Mine-Site All-In Sustaining Costs ("AISC")(2)$/oz sold$2,750 - $2,9502026 Sustaining Capital Expenditures and Leases$m$62.0 - $68.02026 Non-Sustaining (Growth) Capital Expenditures$m$7.5 - $9.5Development Projects
2026 DeLamar and Nevada North Project Advancement Expenses$m$35.0 - $40.02026 DeLamar Pre-Production Capital Expenditures and Land Acquisitions $m$38.0 - $42.0Corporate
2026 General and Administrative Expenses(3)$m$8.5 - $9.0(1)Unit abbreviations: oz = troy ounce, $/oz sold = U.S. dollars per gold ounce sold, $m = million of U.S. dollars(2)Non-GAAP measure. Refer to the "Non-GAAP Measures" section of this news release. Cost guidance calculated using an assumed average gold price of $3,800 per ounce; a $100 per ounce change in the gold price is estimated to result in approximately a $7 change per ounce in each metric.(3)Excludes non-cash stock-based compensation expense and depreciation expense.George Salamis, President, CEO and Director of Integra commented: "Florida Canyon is performing as intended following its acquisition, providing Integra with a stable, cash-generating foundation that de-risks the business while helping fund future portfolio growth. Our 2026 plan prioritizes operational reliability, maintenance discipline, and targeted reinvestment to strengthen the operation, extend mine life, and position Florida Canyon as a sustainable, high-quality producing asset rather than a transitional one. While these initiatives — including elevated stripping and infrastructure upgrades — result in higher near-term costs, they are designed to support higher production levels and improved cost performance in 2027 and 2028.Our sequencing strategy is focused on maximizing predictable cash flow, preserving balance-sheet flexibility, and supporting the advancement of DeLamar from a position of strength. Investments in safety systems, water security, fleet reliability, leach pad planning, and mine technology reflect a deliberate approach to reducing operational risk before pursuing accelerated growth. In parallel, exploration and technical optimization programs are aimed at organically growing ounces around existing infrastructure and enhancing long-term asset value.Integra's strategy remains centered on building a durable, U.S.-focused gold producer. Our three-year outlook outlines a clear trajectory: operational strengthening in 2026, followed by production growth and improving cost performance through 2027 and 2028. We believe this disciplined, multi-year approach positions Integra to deliver sustainable production growth, expanded margins, and long-term shareholder value."2026 Production, Cost, and Growth Outlook – Florida Canyon MineGold production from the Florida Canyon Mine ("Florida Canyon" or the "Mine") is expected to be 70,000 to 75,000 ounces in 2026 with approximately 45% of the gold ounces produced in the first half of 2026 ("H1 2026"). The Company is planning to mine approximately 13.9 million tonnes of ore and 19.3 million tonnes of waste for a total of 33.2 million tonnes, resulting in a strip ratio of 1.39. The increased strip ratio in 2026 reflects continued reinvestment through additional capitalized waste stripping and a targeted pit expansion of the Central Pit, which is expected to support higher annual gold production in 2027 and 2028.Cash costs at Florida Canyon are expected to range from $1,900 to $2,100 per ounce of gold sold, including royalties at the assumed gold price. The increase to the cash cost guidance range in 2026 versus 2025 is primarily a result of a higher gold price assumption.Sustaining capital expenditures of approximately $62.0 million to $68.0 million, with approximately 55% allocated to H1 2026, are focused on capitalized waste stripping, mobile fleet rebuild and replacement financing, infill and development drilling and other projects.Mine-Site AISC at Florida Canyon is expected to range from $2,750 to $2,950 per ounce of gold sold, which reflects the capital-intensive period at Florida Canyon expected in 2026, continuing from 2025. The increase to the Mine-Site AISC guidance range in 2026 versus 2025 is primarily a result of higher gold price assumptions impacting royalty costs, increased fleet rebuild financing, increased infill and development drilling and increased waste stripping, all of which are designed to increase gold ounce production in 2027 and 2028. Infill and development drilling at Florida Canyon will consist of ~31,000 meters of reverse circulation drilling focused on near-mine targets designed to support oxide mineral reserve and resource growth.Growth capital between $7.5 million and $9.5 million at Florida Canyon will be deployed on expansion projects and studies whose results will be included in an updated Technical Report to be released in the third quarter of 2026, and growth exploration meant to test targets outside of the active mine boundary. The Technical Report will include the results of the oxide growth drilling program from 2025 which focused on near-mine targets, including inter-pit areas and historical low grade stockpiles. Approximately $2.8 million has been allocated to support the 2026 growth exploration program, with ~8,000 meters of reverse circulation drilling and ~1,000 meters of core drilling focused on testing new targets, something which has not been done at Florida Canyon in many years.2026-2028 Production Outlook – Florida Canyon MineSustaining and growth investments made in 2025 and 2026 are expected to support increased annual gold production at Florida Canyon of approximately 80,000 to 90,000 ounces per year in 2027 and 2028. This improved gold production profile is driven by targeted pit expansion and continued investment in the mobile mining fleet. Continuing from the investments made in 2025, approximately $5.0 million in additional capital stripping is planned in 2026 to expand the Central Pit, Florida Canyon's largest and most consistent mining area, providing access to additional mineralization for extraction in subsequent years.The Company also made significant investments into its mobile fleet in 2025, with further upgrades continuing into 2026. Key investment areas include the purchase of new equipment such as an excavator, a loader, eight haul trucks and several auxiliary pieces as well as rebuilding several existing pieces of mobile equipment. This work is expected to enhance operating capacity, productivity and overall mining performance.2026 Development Outlook – The DeLamar Project and the Nevada North ProjectIntegra remains committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project ("DeLamar") located in southwestern Idaho and the Nevada North Project ("Nevada North") located in western Nevada. The total expected project advancement spending between the two projects in 2026 is $35.0 million to $40.0 million for detailed engineering, permitting, baseline studies, and site support.At DeLamar, efforts in 2026 will focus on advancing and de-risking the project through detailed engineering, long lead equipment procurement, and permitting advancement under the National Environmental Policy Act ("NEPA"), guided by the federally regulated FAST-41 guidelines. In January 2026 the United States Bureau of Land Management ("BLM") formally established a federal permitting schedule under NEPA for DeLamar. The BLM-defined schedule contemplates publication of a Notice of Intent ("NOI") in the second quarter of 2026, followed by an anticipated 15-month NEPA review period, culminating in the issuance of an Environmental Impact Statement ("EIS") and Record of Decision ("ROD") in the third quarter of 2027. In addition to project advancement spending at DeLamar, a total of $38.0 million to $42.0 million has been allocated to pre-production capital and strategic land acquisition. Approximately 70% of the pre-production capital at DeLamar will be for long lead equipment procurement and early works and approximately 30% will be used for strategic land acquisition.Nevada North consists of two mineral exploration deposits, the Wildcat Deposit ("Wildcat") and the Mountain View Deposit ("Mountain View"). At Nevada North, the Company has allocated approximately $10.0 million to $15.0 million, within the total project advancement budget, to execute several initiatives focused on project advancement and permitting. Upon receipt of a favorable decision from State and Federal regulators regarding the Project Exploration Plan of Operations, expected in early 2026, the Company anticipates the commencement of a metallurgical, geotechnical and geochemical test work program supported by ~500 meters of core drilling with a further ~5,000 meters planned for conversion drilling. Additionally, the Company is planning the commencement of a pre-feasibility study in the latter part of 2026 with an expected announcement in the first half of 2027. These initiatives support Integra's long-term strategy of de-risking and permitting its key heap leach development projects to build a leading U.S.-focused intermediate gold producer.About Integra Resources Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices. ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Cautionary Note Regarding Non-GAAP Financial MeasuresAlternative performance measures in this news release such as "cash cost", "AISC" and "capital expenditures" are furnished to provide additional information. These non-GAAP performance measures are included in this news release because these statistics are used as key performance measures that management uses to monitor and assess performance and plan and assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standardized meaning within International Financial Reporting Standards ("IFRS") and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.Cash costs and AISCCash costs are a non-GAAP financial metric which includes production costs, and royalties and excise taxes. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on a site basis.AISC starts with cash costs and includes general and administrative costs, reclamation accretion expense and sustaining capital expenditures. Management uses this measure to monitor the performance of its mining operation and ability to generate positive cash flow on an overall company basis.Capital expendituresCapital expenditures are classified into sustaining capital expenditures or non-sustaining capital expenditures depending on the nature of the expenditure. Sustaining capital expenditures are those required to support current production levels. Non-sustaining capital expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended to increase production or extend mine life. Management believes this to be a useful indicator of the purpose of capital expenditures and this distinction is an input into the calculation of AISC.Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company, the Company's 2026 guidance, including production, AISC, capital expenditures and expenses; plans and expectations for the Florida Canyon Mine; anticipated benefits of completed and ongoing capital investments at the Florida Canyon Mine; expectations regarding regulatory approvals; the scope, timing and results of drilling programs; the timing and content of the technical report for Florida Canyon; the advancement, permitting and development of the DeLamar and Nevada North projects; timing and content of the pre-feasibility study for Nevada North.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-provides-2026-guidance-and-three-year-outlook-highlighting-production-growth-at-florida-canyon-gold-mine-302694278.htmlSOURCE Integra Resources Corp.
Original: INTEGRA PROVIDES 2026 GUIDANCE AND THREE-YEAR OUTLOOK HIGHLIGHTING PRODUCTION GROWTH AT FLORIDA CANYON GOLD MINE
US Market News
4月前
INTEGRA ANNOUNCES STRATEGIC LAND ACQUISITION ADJACENT TO DELAMAR PROJECTFebruary 17, 2026 4:05 PM
PR Newswire (US)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, Feb. 17, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce the acquisition of a strategically located 6,600-acre ranch (the "Ranch") contiguous with the Company's DeLamar Project in Owyhee County, Idaho ("DeLamar" or the "Project") for a purchase price of US$12.5 million (the "Acquisition").
The Ranch Acquisition supports the Company's strategy for de-risked and efficient Project advancement by consolidating land ownership surrounding key infrastructure at DeLamar, while concurrently securing significant permitting, environmental, operational, and community-alignment benefits. The Ranch property contains 6,600 deeded acres, along with a large U.S. Bureau of Land Management ("BLM") grazing permit and two Idaho State grazing leases.Key strategic benefits of the Acquisition include:Land consolidation: extinguishes underlying easements and access agreements, eliminating associated payment obligations.Mitigation opportunities: secures prime mitigation habitat in close proximity to the Project, supporting permitting efficiency and flexibility, and enables the Company to manage and mitigate potential impacts to resources such as wetlands, streams, and grazing.Operational flexibility: additional surface and water rights increase operational flexibility and resilience.Grazing and agricultural alignment: allows the Company to support responsible multiple-use management of the 6,600-acre parcel, providing flexibility to manage local grazing interests and maintain a strong commitment to the Owyhee and Malheur County ranching communities.George Salamis, President, CEO and Director of Integra, commented: "This acquisition represents a significant land consolidation for Integra and the DeLamar Project. Beyond the acreage itself, the transaction advances our long-term strategic objectives by enhancing our ability to responsibly develop DeLamar in alignment with the local ranching community, while further de-risking the Project through increased operational flexibility and expanded mitigation options. It also reflects our disciplined approach to capital allocation, demonstrating how we are prudently deploying the recently completed US$61 million financing into initiatives that meaningfully reduce execution risk ahead of construction. After many years of collaborating with the ranching community to help shape our future operations, we are proud to now be joining that community through an acquisition that underscores our long-term commitment to the land and the people of the region."DeLamar Project Overview(All amounts in United States ("U.S.") dollars unless otherwise stated)The past-producing DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, is located in Owyhee County in southwest Idaho. Since acquiring the Project in 2017, the Company has demonstrated significant resource growth and conversion while providing robust economic studies in its maiden Preliminary Economic Assessment, Pre-Feasibility Study, and now Feasibility Study ("FS") in late 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. The FS outlines total production of 1.1 million ounces of gold equivalent ("AuEq") over a 10-year operating mine life (plus two years of residual leaching), resulting in an average annual production profile of 106,000 ounces AuEq per annum at a co-product mine-site all-in sustaining cost ("AISC") of $1,480 per ounce ("/oz") AuEq. The Project generates an after-tax net present value ("NPV5%") of approximately $774 million with an after-tax internal rate of return ("IRR") of 46% at base case gold and silver prices of $3,000/oz and $35/oz, respectively. After-tax NPV5% improves to approximately $1.9 billion and after-tax IRR to 97% using recent gold and silver prices of $4,500/oz and $65/oz, respectively. Refer to the 2025 DeLamar FS announcement news release from December 17, 2025 located on the Company's website at www.integraresources.com.(1)Gold equivalent calculated using base case metal prices: $3,000/oz Au and $35/oz Ag(2)See Cautionary Note Regarding Non-GAAP MeasuresAbout IntegraIntegra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the anticipated benefits of the Acquisition, including permitting, environmental, operational and community-related benefits; the consolidation of land ownership; mitigation opportunities; operational flexibility; use of proceeds from the Company's recent financing; the advancement and de-risking of the Project, the future financial or operating performance of the Company, the Project and its mineral properties; results from work performed to date; the estimation of mineral resources and reserves; the realization of mineral resource and reserve estimates; the development, operational and economic results of the FS for the Project, including cash flows, revenue potential, development, expenditures, and timing thereof, extraction rates, life-of-mine projections and cost estimates; magnitude or quality of mineral deposits; anticipated advancement of the Project mine plan; exploration expenditures, costs and timing of the development of new deposits; costs and timing of future exploration; permitting; construction and optimization planning; estimates of metallurgical recovery rates; anticipated advancement of the Project, future prospects and prospective inclusion of Mineral Resources in future mining activities; requirements for additional capital; the future price of metals; government regulation of mining operations; environmental risks; the timing and possible outcome of pending regulatory matters; the realization of the expected economics of the Project; future growth potential of the Project; and future development plans.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Project and the Company's mineral properties; satisfying ongoing covenants under the Company's loan facilities; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Project and the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Note Regarding Non-GAAP Financial MeasuresAlternative performance measures in this news release such as "AISC" are furnished to provide additional information. These non-GAAP performance measures are included in this news release because these statistics are used as key performance measures that management uses to monitor and assess performance of DeLamar, and to plan and assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standardized meaning within International Financial Reporting Standards ("IFRS") and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.All-In Sustaining CostSite level AISC includes cash costs and sustaining and expansion capital, but excludes head office G&A and exploration expenses. The Company believes that this measure is useful to external users in assessing operating performance and the Company's ability to generate free cash flow from potential operations.Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Original: INTEGRA ANNOUNCES STRATEGIC LAND ACQUISITION ADJACENT TO DELAMAR PROJECT
US Market News
4月前
INTEGRA CLOSES US$61 MILLION BOUGHT DEAL FINANCINGFebruary 9, 2026 8:54 AM
PR Newswire (Canada)
TSXV: ITR; NYSE American: ITRG
www.integraresources.comVANCOUVER, BC, Feb. 9, 2026 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that it has completed its previously announced bought deal public offering of 18,121,600 common shares of the Company (the "Common Shares") at a price of US$3.40 per Common Share for aggregate gross proceeds of US$61,613,440 (the "Offering"), including the full exercise of the over-allotment option by the Underwriters (as defined below). The Offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters that included ATB Capital Markets Corp., Desjardins Securities Inc. and Raymond James Ltd. (collectively, the "Underwriters").
The Common Shares were offered pursuant to a final prospectus supplement of the Company dated February 4, 2026 (the "Prospectus Supplement") to the short form base shelf prospectus of the Company dated January 16, 2024 (the "Base Shelf Prospectus"), in all of the provinces of Canada, except Quebec, and in the United States pursuant to a prospectus supplement dated February 4, 2026 (the "US Prospectus Supplement") filed as part of an effective registration statement on Form F-10 (File No. 333-276530) (the "Registration Statement") under the Canada/U.S. multi-jurisdictional disclosure system. The Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV").The Offering was completed pursuant to an underwriting agreement dated February 4, 2026 entered into among the Company and the Underwriters. The Company paid the Underwriters a cash fee of 5% of the aggregate gross proceeds of the Offering, other than in respect of the purchasers on the president's list, for which a cash fee of 2.5% was paid.The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase.George Salamis, President, CEO and Director of Integra, commented: "Following significant permitting milestones in early 2026 — including receipt of a 15-month NEPA permitting timeline and FAST-41 project designation from U.S. federal regulators — together with the recent filing of the DeLamar Project Feasibility Study, this oversubscribed financing positions Integra to capitalize on a clear execution window. The Feasibility Study has defined the early works that can advance ahead of a Record of Decision, enabling us to fund procurement, land acquisition, and other low-risk activities that shorten the development timeline and reduce execution risk at DeLamar. Raising capital from a position of strength, supported by permitting visibility, reflects a disciplined approach that enhances project readiness, lowers future financing risk, and supports a more efficient path toward a construction decision while minimizing long-term shareholder dilution."Copies of the applicable offering documents can be obtained free of charge under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of the Prospectus Supplement, the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement may be obtained, without charge, from the Company or in Canada from Canaccord Genuity Corp., 40 Temperance Street, Suite 2100, Toronto, ON M5H 0B4 or by e-mail at ecm@cgf.com, or in the United States from Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attn: Syndicate Department, by telephone at (617) 317-3900 or by email at prospectus@canaccordgenuity.com, by providing the contact with an email address or physical address, as applicableThis press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectus or the Registration Statement.About IntegraIntegra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Forward Looking StatementsThis news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian and United States securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the use of the net proceeds from the Offering; anticipated advancement of mineral properties or programs; the receipt of final TSXV approval; future operations; future growth potential of Integra; and future development plans.These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Such factors are described in detail in the Prospectus Supplements and the documents incorporated by reference in the Prospectus Supplements.Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-closes-us61-million-bought-deal-financing-302682609.htmlSOURCE Integra Resources Corp.
Original: INTEGRA CLOSES US$61 MILLION BOUGHT DEAL FINANCING
US Market News
4月前
INTEGRA ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE, ACHIEVING PRODUCTION GUIDANCE AND SIGNIFICANT CAPITAL REINVESTMENTJanuary 26, 2026 9:30 PM
PR Newswire (US)
VANCOUVER, BC, Jan. 26, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR; NYSE American: ITRG) is pleased to provide an interim operational update for the fourth quarter ended December 31, 2025 (the "fourth quarter 2025" or "Q4 2025"). The Company plans to release its fourth quarter and full year 2025 financial results after market close on Tuesday, March 24, 2026, followed by a conference call hosted by senior management on Wednesday, March 25, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time.
(All amounts in United States ("U.S.") dollars as at December 31, 2025, unless otherwise stated)2025 Operational Highlights:The Florida Canyon Mine ("Florida Canyon") delivered 70,927 ounces of gold, meeting full year production guidance of 70,000–75,000 gold ounces.The Company completed approximately $60 million of planned capital investment at Florida Canyon across mining, infrastructure, equipment, and growth drilling.Numerous significant advancements were made relating to mine flexibility, infrastructure, and equipment, positioning Florida Canyon for improved production, consistency, and growth in 2026.Cash flow generated by Florida Canyon supported the achievement of several key initiatives in 2025:Major mine reinvestment at Florida Canyon ahead of an updated technical report in mid-2026, incorporating an updated mineral reserve and resource statement and life-of-mine mine plan.Advanced the DeLamar Project ("DeLamar") through Feasibility Study and into Federal mine permitting.Advanced Nevada North Project ("Nevada North") toward a Pre-Feasibility Study and completed important pre-permitting activities.Supported corporate level costs and strengthened balance sheet by significantly increasing annual cash balance and completed full retirement of convertible debt facility.George Salamis, President, CEO and Director of Integra commented: "2025 marked a pivotal year for Integra as the Company successfully completed its first full year of production at Florida Canyon, while executing a deliberate and capital-intensive reinvestment strategy. In our first full year as a gold producer, we met our annual production guidance while advancing several foundational initiatives, namely a heap leach pad expansion, significant capitalized stripping, growth drilling, and a wide-spanning fleet modernization initiative. These initiatives were specifically designed to improve operational reliability and flexibility, supporting long-term operating performance and growth.Importantly, cash flow from Florida Canyon funded not only these mine-site investments, but also technical advancement, de-risking and advanced permitting initiatives at DeLamar and Nevada North, validating the strategic rationale behind acquiring Florida Canyon in late 2024. With major capital projects now well underway, Florida Canyon enters 2026 with improved infrastructure, enhanced mining capability, and a stronger platform for consistent production and cash generation to fund other organic growth initiatives.Following the release of 2026 guidance, expected later in the first quarter, we look forward to sharing our long-term vision for Florida Canyon in mid-2026, supported by an updated reserve and resource estimate and life-of-mine plan, which we believe will highlight an exciting future for the Florida Canyon operation."Fourth Quarter and Full Year 2025 Florida Canyon Mine Operational Update
Three months ended
December 31,Year ended
December 31,
Unit (1)20252025Ore minedkt3,41812,047Waste minedkt2,42010,584Strip ratiowaste/ore0.710.88Ore direct to leach padskt2,0085,646Ore crushedkt1,9317,580Total ore to leach padskt3,93913,226Processed gradeg/t Au0.240.22Gold recovery rate%59.2 %60.1 %Gold producedoz12,86470,927Gold soldoz12,92070,919Silver producedoz9,45053,822Silver soldoz8,80452,753(1) Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce(2) Ore milled includes material from stockpiles and ore mined.Florida Canyon produced 12,864 ounces of gold and sold 12,920 ounces of gold during the fourth quarter 2025. Production during the quarter was derived from gold placed on the Phase IIIa leach pad, together with residual recovery from Phases I and II. Quarterly production reflected a one-time, temporary reduction in solution flow rates resulting from a liner tear in a solution pond identified during the fourth quarter. The liner was fully repaired by mid-November with no solution releases and no environmental impact. Solution flow rates were restored to normal levels prior to year-end. Preventative measures, including an additional protective liner and improved access to the affected area for personnel and equipment, have been implemented for more effective response in the unlikely event this occurs again in the future. Importantly, gold ounces associated with the reduced solution flow during the quarter were deferred, not lost, and are expected to remain recoverable through continued leaching. Based on leach pad inventories and normalized solution flow, the Company expects the majority of ounces deferred during the fourth quarter—estimated at approximately 2,000 to 3,000 ounces—to be recovered through ongoing leaching throughout 2026.Despite lower fourth quarter production relative to earlier quarters, Florida Canyon delivered 70,927 ounces of gold for the full year, achieving Integra's 2025 gold production guidance. Recovery rates for the year remained consistent with expectations, and the modest fourth quarter variance reflects timing rather than any change in ore quality or metallurgical performance.Mining activities during the fourth quarter at Florida Canyon were executed in line with plan, with higher ore placement to the leach pads and reduced waste movement following earlier capitalized stripping campaigns. As a result, the strip ratio declined to 0.71 in the fourth quarter, supporting improved mining efficiency as the mine enters 2026.During the quarter, Florida Canyon completed construction of the Phase IIIb heap leach pad, with regulatory approval to begin leaching expected in the first quarter of 2026. The Company also advanced its fleet revitalization program with refurbishment of legacy haul trucks and loaders, while commissioning four new machines: a Hitachi EX3600 front shovel, a Caterpillar 992HL loader, and two Caterpillar 785 haul trucks. An additional six Caterpillar 785 haul trucks are expected to be commissioned in the first half of 2026. The upgraded fleet is expected to reduce reliance on expensive rental equipment, enhance productivity, and lower mining costs per tonne over the coming years.The Company also continued its growth focused drilling program at Florida Canyon in the fourth quarter, completing approximately 3,100 meters of reverse circulation and sonic drilling. The 2025 program, originally planned for approximately 10,000 meters, was subsequently expanded to 16,000 meters due to its initial success. Drilling is focused on three key areas: (1) evaluating near-surface oxide potential from historical waste areas; (2) expanding in-situ resources between existing open pits; and (3) testing lateral extensions and conducting in-pit infill drilling. The program was specifically designed to support future mineral resource and reserve updates aiming to extend mine life at Florida Canyon. The 2025 drill program at Florida Canyon will support a mineral resource and reserve update and a revised life-of-mine plan in mid-2026.The Company expects to release 2026 production and cost guidance for Florida Canyon in late February 2026.Fourth Quarter 2025 Financial PositionFinancial PositionUnit (1)December 31, 2025Cash and cash equivalents$000s$ 63,086(1) Unit abbreviations: $000s = thousands of U.S. dollarsThe fourth quarter 2025 marked a capital intensive period across the Company's portfolio of assets and at the corporate level with several key activities during the quarter:Florida Canyon: Approximately $20 million was allocated to sustaining and non-sustaining capital including the completion of construction of the Phase IIIb heap leach pad, capitalized waste stripping, initial cash payments on new mining equipment, and an expanded growth drilling program.DeLamar and Nevada North: Approximately $6 million was allocated to complete significant de-risking activities including feasibility studies, permitting work, and hydrogeological drilling.Corporate: Approximately $8 million was allocated to Florida Canyon tax remittances and corporate activities including accrued interest and standby charges related to the conversion and retirement of the convertible debt facility, and general and administrative expenses.The financial information presented above is preliminary in nature and subject to completion of the Company's year-end financial reporting process. Final audited financial results may differ from these amounts and will be reported as part of the Company's audited year end financial statements. Complete financial results for the fourth quarter and full year 2025 will be reported and filed on Integra's profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on Tuesday, March 24, 2026.Fourth Quarter 2025 Conference Call Integra will host a conference call and webcast on Wednesday, March 25, 2026, at 11:00 AM Eastern Time / 8:00 AM Pacific Time, to discuss the fourth quarter and full year 2025 results. Details for the conference call and webcast are included below.Dial-In Numbers / Webcast:Conference ID: 1860723
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/743710418About Integra Resources Corp.Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.ON BEHALF OF THE BOARD OF DIRECTORSGeorge Salamis
President, CEO and DirectorCONTACT INFORMATION:
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").Forward Looking StatementsCertain information set forth in this news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward-looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company, the timing of the release of the Company's fourth quarter and full year 2025 financial results and related conference call; expectations regarding gold production, recoveries and the timing of recovery of deferred ounces; anticipated benefits of completed and ongoing capital investments at the Florida Canyon Mine; expected commissioning and performance of mining equipment; anticipated reductions in operating costs and improvements in productivity; expectations regarding regulatory approvals, including approval to commence leaching on the Phase IIIb heap leach pad; the scope, timing and results of drilling programs; the timing and content of updated mineral resource and reserve estimates and life-of-mine plans; the advancement, permitting and development of the DeLamar and Nevada North projects; timing of technical reports on the DeLamar and Nevada North properties; success of preventative measures with respect to liner repair at the Florida Canyon Mine; and the timing of the release of 2026 production and cost guidance.Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Note for U.S. Investors Concerning Mineral Resources and ReservesNI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-announces-fourth-quarter-and-full-year-2025-gold-production-results-from-florida-canyon-mine-achieving-production-guidance-and-significant-capital-reinvestment-302670347.htmlSOURCE Integra Resources Corp.
Original: INTEGRA ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE, ACHIEVING PRODUCTION GUIDANCE AND SIGNIFICANT CAPITAL REINVESTMENT