Integra Resources Corp
XTSX:ITR
Integra Resources Corp
Integra Resources Corp. operates as a mineral resources company. The company is headquartered in Vancouver, British Columbia and currently employs 48 full-time employees. The company went IPO on 2005-07-26. The primary focus of the Company is advancement of its DeLamar gold and silver project, consisting of the DeLamar Deposit and Florida Mountain Deposit in the Owyhee County mining district in south western Idaho. The DeLamar project consists of approximately 748 unpatented lodes, placer, and mill site claims, and over 16 tax parcels comprised of patented mining claims, as well as leasehold and easement interests, that cover approximately 8,100 hectares in southwestern Idaho, and 80 kilometers (Km) southwest of Boise. The firm has optioned War Eagle project from Nevada Select, a wholly owned subsidiary of Ely Gold Royalties, Inc. The company also has interest in a highly prospective trend of multiple epithermal centers six kilometers to the northwest of the DeLamar Project, a trend referred to as the BlackSheep District.
Integra Resources Corp. operates as a mineral resources company. The company is headquartered in Vancouver, British Columbia and currently employs 48 full-time employees. The company went IPO on 2005-07-26. The primary focus of the Company is advancement of its DeLamar gold and silver project, consisting of the DeLamar Deposit and Florida Mountain Deposit in the Owyhee County mining district in south western Idaho. The DeLamar project consists of approximately 748 unpatented lodes, placer, and mill site claims, and over 16 tax parcels comprised of patented mining claims, as well as leasehold and easement interests, that cover approximately 8,100 hectares in southwestern Idaho, and 80 kilometers (Km) southwest of Boise. The firm has optioned War Eagle project from Nevada Select, a wholly owned subsidiary of Ely Gold Royalties, Inc. The company also has interest in a highly prospective trend of multiple epithermal centers six kilometers to the northwest of the DeLamar Project, a trend referred to as the BlackSheep District.
Record Revenue: Q3 revenue reached a record $70.7 million, driven by strong gold production at Florida Canyon.
Strong Cash Flow: Operating cash flow from Florida Canyon was $35.6 million, with a robust quarter-end cash balance of $81.2 million.
Gold Production: Florida Canyon produced 20,653 ounces of gold in Q3, keeping the company on track for its annual production guidance.
Cost Pressures: Elevated gold prices have pushed all-in sustaining costs to the top end of guidance, primarily due to higher royalties and taxes.
Capital Investments: Major reinvestment at Florida Canyon is underway for leach pad expansion, equipment upgrades, and mine life extension.
Development Advances: Significant progress at DeLamar (feasibility study, permitting) and Nevada North (exploration, permitting) was highlighted.
Guidance On Track: Integra expects to meet full-year production and capital expenditure targets, although costs will be slightly above previous guidance.
