#Canada #Vancouver #Integra Resources #Gold Production #Florida Canyon

Integra Resources Reports Strong First Quarter 2025 Results

Integra Resources Corp., a prominent player in the mining industry, recently revealed its financial performance for the first quarter of 2025. The company saw significant achievements driven by their Florida Canyon gold mine, emphasizing a robust cash position that supports ongoing and future projects.

Highlights from Q1 2025

The first quarter marked a pivotal point for Integra as it was their first complete quarter operating as a gold-producing company. Key highlights include:

• - Gold production reached 19,323 ounces and sales were recorded at 19,540 ounces, with an impressive average gold price realization of $2,888 per ounce.
• - Cash costs were reported at $2,016 per ounce, while the all-in-sustaining costs (AISC) stood at $2,342 per ounce, reflecting a total AISC of $2,446 for the quarter.
• - The company posted adjusted earnings of $4.4 million, translating to $0.03 per share.
• - Operating cash flow surged to $16.1 million, with pre-adjustment cash flow at $12.3 million.
• - The financial landscape was reinforced with cash totaling $61.1 million and working capital reaching $63.8 million.

Executive Leadership Changes

In tandem with these financial milestones, Integra has strategically strengthened its leadership team. Clifford Lafleur has been appointed as the Chief Operating Officer, bringing extensive operational expertise, while Dale Kerner takes on the role of Vice President, Permitting, and Sean Deissner becomes the Vice President, Finance. These appointments are seen as vital steps in enhancing the company’s operational efficiency and growth strategies moving forward.

Insights from the CEO

George Salamis, Integra's President and CEO, expressed enthusiasm regarding the company’s performance. He stated, “We are pleased to report strong gold production and positive financial results from Florida Canyon for the first quarter of 2025. The mine continues to demonstrate its ability to generate cash flow to support Integra's growth strategy.” This success positions the company favorably for upcoming capital projects, including expansion of heap leach pads and fleet enhancements.

Future Objectives and Development Projects

Looking ahead, Integra places a strong emphasis on growth at the Florida Canyon site. Sustainable capital projects are anticipated throughout the second and third quarters of 2025, with a focus on optimizing operations and advancing key permitting processes at its DeLamar and Nevada North projects. A planned feasibility study for the DeLamar project is set for release in the latter half of 2025, which aims to outline its potential as a major underutilized resource.

Drilling Program Initiated

As part of its strategy to enhance resource discovery and expand mine life, Integra has also kicked off a 10,000-meter reverse circulation drilling program. Targeting near-mine oxide gold resources at Florida Canyon, this initiative demonstrates the company’s commitment to operational excellence and resource optimization, costing approximately $1.5 million.

Conclusion

Integra Resources Corp.'s first-quarter results not only highlight the successful transition into a gold-producing entity but also signify a robust financial upward trajectory. The leadership's focus on operational enhancements, strategic growth initiatives, and a clear vision for the future positions Integra strongly in the competitive gold mining sector. The next quarters promise to be just as exciting as the company endeavors to pioneer sustainable mining practices while maximizing shareholder value.

For more detailed insights, investors and stakeholders are encouraged to attend the upcoming conference call, where further elaborations on Integra's strategies and results will be discussed in detail.