Integra Resources Boosts Leadership with Dale Kerner as VP of Permitting, Emphasizing Project Progression

Integra Resources Strengthens Executive Team with New Appointment

Integra Resources Corp., a prominent player in the precious metals sector, recently announced the appointment of Dale Kerner as Vice President of Permitting. This strategic addition to the leadership team underscores the company's commitment to hastening the advancement of significant projects in the pipeline. Kerner is expected to officially begin his role in early March 2025, bringing over 25 years of invaluable experience in environmental permitting and regulatory compliance.

A Leader in Environmental Permitting

Dale Kerner, who will be based in Boise, Idaho, has a proven history of navigating complex environmental regulations, especially in the United States. His extensive background includes pivotal roles at leading firms such as Perpetua Resources Corp., where he successfully managed permitting for the challenging Stibnite Gold Project. This project obtained a crucial Record of Decision from the U.S. Forest Service, marking one of the milestones in his career.

Kerner's expertise will significantly benefit Integra as the company aims to expedite the permitting process for its DeLamar Project—an asset of strategic importance. In his new role, Kerner will take the reins of all permitting activities associated with the company's developed stage projects, including DeLamar and Nevada North. His responsibilities will also involve close collaboration with the U.S. Bureau of Land Management (BLM), overseeing critical aspects such as the Mine Plan of Operations (MPO) and federal permitting initiatives mandated by the National Environmental Policy Act (NEPA).

Insights from the New VP

Kerner expressed enthusiasm about joining Integra, stating, "The DeLamar Project is currently at a critical permitting juncture, and I am excited to join the team to contribute to Integra's success." He also cited an encouraging regulatory environment in the U.S. with both federal and state agencies displaying heightened operational efficiency.

The addition of Kerner comes at a crucial moment for Integra, which is focused on transforming its solid project prospects into actionable plans for development and production. George Salamis, the company's President and CEO, remarked, "This key hire is consistent with our major strategic goal of advancing and de-risking DeLamar during a pivotal time characterized by accelerated regulatory permitting and development initiatives at the federal and state levels."

2025 Gold Price Protection Program

Integra Resources has also shed light on its gold price protection strategy for production stemming from the Florida Canyon Mine in 2025. This program aims to guarantee profit margins, diminish gold price risks, and bolster financial resilience, thus facilitating the progression of key development projects like DeLamar and Nevada North.

As part of this strategy, the company has purchased put options, effectively safeguarding a substantial portion of its projected gold sales. The protective measures now cover about 80% of the anticipated gold sales in 2025, ensuring that Integra retains a degree of financial flexibility while addressing market conditions and prioritizing capital allocation.

Ongoing Recruitment for COO Position

In pursuit of enriching its operating framework, Integra has actively initiated the search for a new Chief Operating Officer (COO) in 2025. The company reports a robust interest in the position from numerous experienced mining executives. The impending COO will shoulder substantial responsibilities including overseeing operations at Florida Canyon and steering cost guidance for the mine.

The forthcoming appointment aligns with Integra's objectives to streamline operations and further develop its core projects. The 2025 operational guidance will be formulated following the insights and expertise of the new COO.

Conclusion

As Integra Resources navigates through 2025 with its new initiatives, the strategic choices made today, including the addition of Dale Kerner, reflect a concerted effort to advance the company's objectives while maintaining exceptional environmental and governance standards. Investors and stakeholders can expect a thorough update on the company's operational status and project developments in the upcoming months. Integra remains poised for a transformative year that could redefine its standing in the mining sector.