Integra Resource Stock Price, News & Analysis

Integra Resources (ITRG) has initiated a 10,000-meter drill program at its Florida Canyon Mine in Nevada, marking the first phase of a multi-year growth strategy. The program, budgeted at US$1.5 million, focuses on three key areas: near-surface oxide potential from historical dump material (~2,000m), expanding in-situ resources between existing mine open pits (~5,000m), and testing lateral extensions and in-pit infill drilling (~3,000m).

Florida Canyon has historically produced 2.7 million ounces of gold from over 200 million tonnes of ore since 1986. Current proven and probable reserves stand at 70.4 Mt at 0.35 g/t gold for 785,000 ounces. The drilling program aims to support a mineral resource and reserve update and a revised life-of-mine plan in early 2026, with initial results expected in summer 2025.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has announced its inclusion in the Solactive Global Silver Miners Total Return Index, effective May 1, 2025. The index is primarily tracked by the Global X Silver Miners ETF (NYSE Arca: SIL). CEO George Salamis highlighted this as the company's first index inclusion, marking a significant milestone for Integra as a growing gold and silver producer in the Great Basin of the Western United States.

The inclusion is expected to enhance Integra's capital markets profile, increase trading liquidity, and attract a broader range of institutional and retail investors.

Integra Resources (NYSE: ITRG) reported strong Q1 2025 performance at its Florida Canyon Mine, producing 19,323 ounces of gold and selling 19,540 ounces. The exceptional production was partly attributed to recovering approximately 2,000 ounces of previously unrecovered gold from an electrowinning tank during an efficiency improvement project.

The mine processed 2,963,000 tonnes of total ore, including 1,764kt of crushed ore and 1,199kt of ROM ore. The operation maintained a strip ratio of 0.60, with crushed grade at 0.26 g/t Au and ROM grade at 0.19 g/t Au. The gold recovery rate reached 60.4%.

The company's financial position strengthened with cash and cash equivalents of $61.1 million and working capital of $68.3 million as of March 31, 2025. Full financial results will be released on May 14, 2025.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has submitted an updated Mine Plan of Operations (MPO) to the U.S. Bureau of Land Management for the DeLamar gold-silver project in Idaho, marking the start of federal permitting under NEPA. The company expects the environmental analysis process to take approximately two years.

The updated MPO features an optimized mine plan with a more compact footprint and design modifications to reduce carbon emissions and water usage. The project will undergo Environmental Impact Statement (EIS) evaluation, including public comment periods and agency reviews.

Additionally, Integra appointed U.S. Air Force Lieutenant General (Ret.) Leonard Kosinski as Strategic Board Advisor, bringing over three decades of military and government leadership experience to support federal stakeholder engagement.

The announcement coincides with a March 20, 2025 Executive Order focused on accelerating domestic mineral production through streamlined permitting processes and enhanced federal coordination.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has appointed Sean Deissner as Vice President Finance, reporting to CFO Andrée St-Germain. This strategic hire comes as the company advances its transformation into a growth-focused precious metals producer in the Great Basin.

Deissner, a Chartered Professional Accountant with over 15 years of mining industry experience, previously served at SilverCrest Metals Inc., where he led financial reporting and tax strategy initiatives until its $1.7 billion acquisition by Coeur Mining in early 2025. He also spent seven years at Pan American Silver Corp. as Senior Director of Financial Reporting.

In connection with recent executive appointments, Integra granted 292,066 options at C$1.91 per share and 276,702 restricted share units to new executives on March 27, 2025. These Equity Incentive Awards are subject to vesting provisions and the options will expire in 5 years.

Integra Resources (NYSE: ITRG) has reported its Q4 and full-year 2024 results, marking a transformational year with the acquisition of Florida Canyon Mine on November 8, 2024. The company transitioned from developer to gold producer status, with Florida Canyon producing 10,984 ounces of gold from November 8 to December 31, 2024.

Key financial highlights include:

• Q4 net income of $9.5 million ($0.07 per share)
• Strong cash position of $52.2 million
• Working capital of $64.4 million
• Gold sales of 11,382 ounces at average price of $2,643 per ounce
• Cash costs of $1,884 and AISC of $2,103 per ounce

The company is advancing optimization studies at Florida Canyon and continuing development at its DeLamar and Nevada North projects. DeLamar's feasibility study showed progress with reduced capital expenditure expectations and improved infrastructure efficiency. At Nevada North, a 10-hole drilling program was completed, confirming excellent oxide gold continuity.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has appointed Clifford Lafleur as Chief Operating Officer, effective April 2025. Lafleur brings over 25 years of operational and executive experience in mining, most recently serving as Senior VP of Operations at SilverCrest Metals where he oversaw the Las Chispas Mine until its $1.7 billion sale to Coeur Mining.

As COO, Lafleur will focus on:

• Leading technical and operational decisions across Integra's portfolio
• Driving performance optimization at the cash-flowing Florida Canyon Mine
• Overseeing development of DeLamar and Nevada North projects
• Managing strategic capital allocation

The company expects to release its 2025 operating and cost guidance by mid-2025, after Lafleur's assessment of Florida Canyon operations and ongoing optimization studies. This appointment aligns with Integra's transformation into a growth-focused precious metals producer in the Great Basin region.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has announced several key corporate updates. Dale Kerner has been appointed as Vice President of Permitting, bringing over 25 years of experience in environmental permitting and regulatory compliance. He will join the company in March 2025 to lead permitting efforts for the DeLamar and Nevada North projects.

The company has expanded its 2025 gold price protection program, purchasing additional put options with a US$2,400/ounce strike price, covering 53,350 ounces from February to December 2025 (total 56,500 ounces for the year). This represents approximately 80% of Florida Canyon's planned 2025 gold production.

Integra is also in the final stages of appointing a new Chief Operating Officer in Q1 2025, who will oversee Florida Canyon operations and the DeLamar Feasibility Study. The company will release its 2024 fourth quarter and full-year results on March 26, 2025.

Integra Resources (TSXV: ITR; NYSE American: ITRG) has expressed strong support for Idaho's new SPEED Act, an executive order aimed at streamlining state permitting processes. The Act establishes a SPEED Council of state agency directors to expedite permit reviews while maintaining environmental standards.

The company plans to advance permitting efforts at its DeLamar gold-silver project in 2025, including submitting a revised Mine Plan of Operations. Following this, the Bureau of Land Management is expected to publish a Notice of Intent, initiating the Draft Environmental Impact Statement work. DeLamar is positioned as one of the Western U.S.'s most advanced gold-silver development projects entering the NEPA permitting process.

This state initiative aligns with recent federal actions, including the Unleashing American Energy executive order, which aims to expedite permitting for domestic mineral production. Both state and federal directives focus on balancing efficient permitting with environmental protection.