#Canada #Vancouver #Integra Resources #DeLamar Project #Florida Canyon Mine

Integra Resources Reports Strong Q3 2025 Financial Results

Integra Resources Corp., based in Vancouver, has reported substantial financial and operational results for the third quarter ending September 30, 2025. As a leading operator in precious metals mining, Integra’s performance during this quarter has set a new benchmark for the company, largely driven by the successful operations at its Florida Canyon Mine.

Key Highlights from Q3 2025

In Q3 2025, Integra successfully mined 2.5 million tonnes of ore and 3.4 million tonnes of waste at Florida Canyon Mine, maintaining a strong mining rate of 27,538 tonnes per day. This quarter saw the production of an impressive 20,653 gold ounces, which were sold at a record average price of $3,464 per ounce. As a result, the company recorded a revenue of $70.7 million, an increase from $60.6 million in the previous quarter.

The company's operating earnings reached a new high of $28.6 million with an operating margin of 40%, consistent with the previous quarter's margin. Adjusted earnings hit $16.3 million or $0.10 per share, surpassing the figures from Q2 2025, which were $11.8 million and $0.07 per share, respectively. However, the company also reported a net loss of $8.2 million, primarily due to $17.7 million in unrealized derivative losses and increased tax expenses.

Financial Position and Cash Flow

Integra ended Q3 2025 with a strong cash position of $81.2 million, representing a 29% increase compared to $63 million in Q2 2025. The operating cash flow surged to $35.6 million, higher than the $16.3 million recorded in Q2. Furthermore, the company generated free cash flow of $20.2 million, showcasing solid financial health and operational efficiency.

Mining Operations and Costs

The mining operations at Florida Canyon faced some challenges but showed resilience. The average cash costs of production rose slightly to $1,876 per gold ounce. The mine-site all-in sustaining costs (AISC) averaged $2,647 per ounce, remaining within the guidance range of $2,450 to $2,550 per ounce. Notably, the company is facing an upward pressure on costs due to soaring royalty payments alongside increased gold prices.

Development Initiatives

A significant focus for Integra going forward is the DeLamar Project, where it has made substantial strides by entering into an important agreement with the Shoshone-Paiute Tribes. This strategic partnership is expected to establish a long-term framework that aligns the interests of both parties regarding economic opportunities, environmental stewardship, and cultural recognition.

Moreover, the company has engaged in its resource growth drilling program at Florida Canyon, targeting potential expansions of mineral reserves and helping to increase the mine’s lifespan. This proactive approach is crucial to Integra’s overarching growth strategy.

Future Outlook

As the company heads into the fourth quarter of 2025, Integra intends to maintain its trajectory of growth and operational excellence. The successful performance at Florida Canyon and strategic partnerships like the one with the Shoshone-Paiute Tribes will be pivotal in bolstering its projects moving forward. The strong financial results coupled with advancements in development projects position Integra for continued success in the precious metals sector.

Looking ahead, Integra Resources continues to promote transparency and engagement with stakeholders, ensuring sustainability and community well-being remain at the forefront of its operations. The upcoming conference call on November 13, 2025, promises to shed more light on these results and future strategies, inviting investor relations and community stakeholders to stay engaged with the company's progress.