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

Integra Resources Unveils 2026 Production Outlook for Florida Canyon Gold Mine

Integra Resources Corp. has recently shared its ambitious production guidance for the year 2026, which emphasizes plans for substantial growth at the Florida Canyon Gold Mine. The company, listed on both the TSXV (ITR) and the NYSE American (ITRG), provided insight not only into expected production figures but also detailed plans regarding capital expenditures, operating costs, and a three-year outlook extending to 2028.

Key Highlights from the 2026 Guidance

According to Integra's projection, Florida Canyon aims to produce between 70,000 and 75,000 ounces of gold in 2026, with the expectation that nearly 45% of this output will be generated in the first half of the year. To support this level of production, the company is set to undertake the mining of approximately 13.9 million tonnes of ore, alongside 19.3 million tonnes of waste, to achieve a strip ratio of 1.39.

As for operational costs, the forecasted cash costs per ounce of gold sold will fall between $1,900 and $2,100, a figure influenced predominantly by rising gold prices. The total mine-site All-In Sustaining Costs (AISC) are anticipated to range from $2,750 to $2,950 per ounce, reflecting a capital-intensive year for the mine, which includes significant investments in various aspects of mining operations.

Investments for Future Growth

Integra is planning a spectrum of capital expenditures ranging from $62 million to $68 million for sustaining capital projects, with a focus on capitalized waste stripping, fleet maintenance, and exploration drilling. Additionally, growth capital is estimated to be around $7.5 million to $9.5 million, aimed at expansion projects and developmental studies.

Three-Year Production Outlook

Looking ahead, the company has ambitious plans to increase production significantly to between 80,000 and 90,000 ounces for both 2027 and 2028. This growth is underpinned by targeted expansions in the mining pit and ongoing investments into the mobile fleet. For instance, $5 million is earmarked for additional capital stripping to enhance access to mineral resources, ensuring long-term sustainability in mining operations.

Development Projects on the Horizon

In addition to its Florida Canyon project, Integra is committed to advancing its prominent development-stage heap leach projects—the DeLamar Project and the Nevada North Project. The company has budgeted between $35 million and $40 million for project advancement in 2026, focusing on engineering, permitting, and site preparations necessary to initiate these projects.

At the DeLamar site, the company aims to de-risk the project through detailed engineering and securing necessary permits under the National Environmental Policy Act (NEPA). For Nevada North, an innovative exploration program has been planned, which includes significant drilling initiatives that have not been conducted at this site in many years.

Conclusion

President and CEO George Salamis expressed confidence in the strategic direction of the company, emphasizing the commitment to operational reliability and sustainable growth. By adopting a disciplined approach and focusing on optimizing existing resources, Integra positions itself as a resilient player in the precious metals industry. As it gears up for the years ahead, Integra Resources remains devoted to creating long-term value for its shareholders and stakeholders alike.

This forward-looking strategy highlights Integra's ambition to solidify its standing as a major U.S.-based gold producer while committing to high standards of environmental, social, and governance practices.

Contact Information

For further inquiries, you can reach out to Integra Resources Corp. or visit their official website. Investors are encouraged to stay informed about future developments as they unfold, particularly the upcoming technical reports and the anticipated progress on various projects.