#United States #Idaho #Integra Resources #DeLamar Project #Idaho Gold

Integra Resources Announces Feasibility Study Results for DeLamar Project

Integra Resources Corp. has recently unveiled promising results from its feasibility study (FS) concerning the DeLamar Gold and Silver Heap Leach Project, situated in southwestern Idaho. This study indicates robust economic potential and significantly reduced development risks, marking a pivotal step for the company's growth.

Overview of the Feasibility Study

The FS reveals an impressive after-tax net present value (NPV) of approximately $774 million at a base case valuation, alongside a remarkable after-tax internal rate of return (IRR) of 46%. Such figures are computed using conservative metal prices of $3,000 per ounce for gold and $35 per ounce for silver, showcasing the project's resilience and profitability.

Notably, if we consider current spot prices of $4,250 per ounce for gold and $60 per ounce for silver, the NPV could leap to $1.7 billion with an IRR soaring to 89%.

Key Highlights

Increased Resources and Mine Life

The Feasibility Study has enabled Integra to identify significant additional stockpile materials, leading to a mine life extension to ten years with a total production output of 1.1 million ounces of gold equivalent (AuEq). This amplified lifespan strengthens the project's viability and enhances its appeal to potential investors.

Consistent Production Metrics

From the beginning of its operational phase, the project anticipates a steady production profile averaging 119,000 ounces of AuEq per annum in the first five years. Furthermore, it achieves competitive site-level cash costs of $1,179 per ounce AuEq — well below industry averages at $1,480 per ounce.

Interactive Financial Pathways

The project outlines a total initial capital expenditure at $389 million and sustaining capital of $305 million, highlighting a financeable project structure supported by existing cash flow from the operating Florida Canyon Mine and a solid cash reserve of around $81 million as of the third quarter of 2025.
An impressive NPV-to-capital expenditure ratio of 2.0 and a notably quick payback period of 1.8 years demonstrate efficient financial planning, with even better ratios anticipated under favorable spot market conditions.

Community and Tribal Engagement

Integra has fostered robust relationships with local communities and the Shoshone-Paiute Tribes over the years, ensuring that project development aligns with community interests. The company is expected to create approximately 300 sustainable jobs throughout the project's life, which enhances its socio-economic impact.

Additionally, the FD has positioned DeLamar among the few large-scale precious metals projects in the United States actively progressing through the National Environmental Protection Act (NEPA) federal mine permitting process.

Environmental Considerations and Compliance

Integra has undertaken vigorous environmental assessments and engaged with regulatory bodies to ensure compliance with local and federal regulations. Through a well-structured environmental and permitting strategy, the company aims to minimize the ecological footprint of its operations.

Future Prospects and Conclusion

The completion of the feasibility study invites a bright future for the DeLamar project, as it sits within one of the strongest gold-silver pricing environments recorded in recent history. The anticipation of commencing federal permitting processes strengthens its projected timeline toward production.

In summary, Integra Resources stands at the cusp of potentially transformative growth, with the DeLamar Gold-Silver Project embodying robust economic metrics, sound environmental practices, and meaningful community benefits. The anticipated operational strategies and insights derived from the feasibility study underscore the optimistic outlook for all stakeholders involved.

For inquiries or detailed information on the project, Integra is set to conduct a conference call on December 18, 2025, where further insights into the feasibility study will be discussed.