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

Overview of Integra Resources Corp.

Integra Resources Corp. is a prominent mining company based in Vancouver, British Columbia, focusing on precious metals in the Great Basin of the United States. The company operates primarily at the Florida Canyon Mine in Nevada and is committed to sustainable practices within its operations. On April 22, 2025, Integra provided an operational update outlining its impressive first-quarter results for 2025, indicating a positive trajectory in its production capabilities and financial standing.

First Quarter 2025 Operational Highlights

For the first quarter of 2025, Integra's Florida Canyon Mine produced 19,323 ounces of gold and sold 19,540 ounces, exceeding initial expectations. This remarkable performance can be attributed to various factors, including enhanced efficiency techniques and improved processing methods. Notably, the recovery of approximately 2,000 ounces of gold from an electrowinning tank contributed significantly to the production increase. Furthermore, efforts to ramp up solution flow rates through heap leach pads and the commissioning of a carbon-in-column circuit in late 2024 further supported strong production outcomes.

Key Operational Metrics:

• - Ore Mined: 3,021 kt
• - Waste Mined: 1,799 kt
• - Total Mined: 4,820 kt
• - Strip Ratio: 0.60
• - Crushed Ore to Pad: 1,764 kt
• - Run-of-Mine (ROM) Ore to Pad: 1,199 kt
• - Total Placed: 2,963 kt
• - Grade of Crushed Ore: 0.26 g/t Au
• - Grade of ROM Ore: 0.19 g/t Au
• - Processed Grade: 0.23 g/t Au
• - Gold Recovery Rate: 60.4%

These figures highlight a clear operational efficiency that is pivotal for sustaining robust production levels.

Financial Update

As of March 31, 2025, Integra reported a cash balance of $61.1 million, signaling a strong financial position. The working capital was calculated at $68.3 million, further indicating the company's capability to support its operational and developmental activities. These financial figures underscore the company’s strategic management of resources and commitment to growth.

Financial Metrics:

• - Cash and Cash Equivalents: $61.1 million
• - Working Capital: $68.3 million

Integra plans to release detailed financial results for Q1 2025 after the market closes on May 14, 2025, followed by a conference call on May 15, 2025, to discuss the outcomes with investors and stakeholders. This approach demonstrates a commitment to transparency and open dialogue with the investment community.

Future Directions and Exhibitions

Integra Resources is focused not only on enhancing the performance at Florida Canyon Mine but also on developing new projects that bolster its market position. Upcoming resources include planned advancements in the DeLamar Project in Idaho and the Nevada North Project, which aim to expand Integra’s operational reach. The company’s proactive stance in project exploration and sustainable practices exemplifies its dedication to shareholder value and community engagement.

Conclusion

Integra's robust production results and strong financial reserves indicate a promising future for the company. With ongoing operational efficiency and commitment to responsible mining practices, Integra stands positioned for growth and success in the competitive mining landscape. Investors and stakeholders alike can look forward to the forthcoming financial updates as well as insights from management during the upcoming conference call. Overall, Integra Resources continues to affirm its position as a growing force in the precious metals sector.