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

Integra Resources Reports Strong Performance in Q2 2025

Financial Overview

Integra Resources Corp., a prominent player in the precious metals sector, has shared its financial and operational results for the second quarter of 2025. The Vancouver-based company, which trades on both the TSX and NYSE, experienced remarkable growth at its Florida Canyon Gold Mine, underscoring its commitment to maintaining high operational efficiency.

For the three months ending June 30, 2025, Integra reported a total mined ore of 3,074,440 tonnes, coupled with a waste extraction of 2,966,291 tonnes. This activity led to a respectable strip ratio of 0.96. The mining rate marked a 1% increase from the previous quarter, now reaching 33,785 tonnes per day.

Production and Revenue Results

The Florida Canyon mine's production statistics were equally impressive, yielding 18,087 ounces of gold during the quarter. Its sales reached 18,194 ounces, generating a record average realized price of $3,332 per ounce. These achievements contributed to a record quarterly revenue of $61.1 million, surpassing the prior quarter's $57.0 million. Furthermore, the operating earnings remained robust at $25.2 million, establishing a 41% operating margin, a notable improvement from 27% in Q1 2025.

Integra also recorded net earnings of $10.6 million ($0.06 per share) for the quarter, a significant leap from $1.0 million ($0.01 per share) reported in the preceding quarter. Adjusted earnings showed a similar trend, increasing to $11.8 million ($0.07 per share) compared to $4.4 million ($0.03 per share) previously.

Cash Management and Investments

In terms of cash flow management, Integra demonstrated an operating cash flow of $16.3 million, showing growth from $15.7 million in Q1 2025. The company concluded the quarter with $63.0 million in cash and equivalents, highlighting a stable financial footing with a 3% increase from Q1.

During this quarter, the company also advanced its capital expenditures significantly. A total of $14.2 million was invested in sustaining capital projects as part of its ongoing strategy to enhance the mine's infrastructure and operational capabilities. Future growth is expected with plans to invest over $55 million in Florida Canyon this year alone, aimed at infrastructure improvements and a sustainable operational model.

Development Projects and Future Outlook

Looking ahead, Integra Resources is planning to continue its advanced drilling initiatives at Florida Canyon. A drill program focused on resource growth was commenced, completing approximately 5,700 meters of drilling by the end of June. The expansion of this program aims to support sustainable production levels and mine life extension.

In addition to Florida Canyon, Integra is also advancing its other projects, the DeLamar Project and Nevada North Project. Efforts are currently being directed towards optimizing operational strategies and preparing necessary submissions for permits.

Conclusion

With a solid financial performance in Q2 2025, Integra Resources is clearly positioned for continued success. The company's strategic focus on capital investment in Florida Canyon, combined with its commitment to operational excellence, cements its role as a formidable player in the precious metals industry. Integra plans to uphold transparency and engage stakeholders further with an upcoming conference call scheduled for August 14, 2025, to chat through these results in greater detail.

As Integra continues to innovate and grow, its commitment to sustainable practices and community engagement remains a cornerstone of its operational ethos.