INTEGRA ANNOUNCES CONSISTENT SECOND QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$63 MILLION
Integra Resources (NYSE American: ITRG) reported strong Q2 2025 operational results from its Florida Canyon Mine. The mine produced 18,086 ounces of gold and sold 18,194 ounces during the quarter, aligning with company expectations. Total ore placed reached 3,157 kt with a gold recovery rate of 60.5%.
The company's cash position strengthened to $63 million as of June 30, 2025. Integra plans to invest approximately $55 million in sustaining and growth capital at Florida Canyon in 2025. Construction of the Phase IIIb heap leach pad was initiated in Q2, with commissioning expected in late 2025. The company will release complete Q2 2025 financial results on August 13, 2025.
Integra Resources (NYSE American: ITRG) ha riportato solidi risultati operativi nel secondo trimestre 2025 dalla sua miniera Florida Canyon. La miniera ha prodotto 18.086 once d'oro e ne ha vendute 18.194 once durante il trimestre, in linea con le aspettative aziendali. Il totale del minerale posizionato ha raggiunto 3.157 kt con un tasso di recupero dell'oro del 60,5%.
La posizione di cassa dell'azienda è migliorata raggiungendo 63 milioni di dollari al 30 giugno 2025. Integra prevede di investire circa 55 milioni di dollari in capitale di mantenimento e crescita a Florida Canyon nel 2025. La costruzione della terza fase (IIIb) della piattaforma di heap leach è iniziata nel secondo trimestre, con l'avvio previsto per la fine del 2025. I risultati finanziari completi del secondo trimestre 2025 saranno pubblicati il 13 agosto 2025.
Integra Resources (NYSE American: ITRG) reportó sólidos resultados operativos en el segundo trimestre de 2025 en su mina Florida Canyon. La mina produjo 18,086 onzas de oro y vendió 18,194 onzas durante el trimestre, cumpliendo con las expectativas de la empresa. El total de mineral apilado alcanzó 3,157 kt con una tasa de recuperación de oro del 60.5%.
La posición de efectivo de la compañía se fortaleció a $63 millones al 30 de junio de 2025. Integra planea invertir aproximadamente $55 millones en capital de mantenimiento y crecimiento en Florida Canyon durante 2025. La construcción de la plataforma de lixiviación en montón Fase IIIb se inició en el segundo trimestre, con la puesta en marcha esperada para finales de 2025. La empresa publicará los resultados financieros completos del segundo trimestre de 2025 el 13 de agosto de 2025.
Integra Resources (NYSE American: ITRG)는 플로리다 캐년 광산에서 2025년 2분기 강력한 운영 실적을 보고했습니다. 광산은 분기 동안 18,086온스의 금을 생산하고 18,194온스를 판매하여 회사의 예상과 일치했습니다. 총 광석 적치량은 3,157 kt에 달했으며 금 회수율은 60.5%였습니다.
회사의 현금 보유액은 2025년 6월 30일 기준 6,300만 달러로 강화되었습니다. Integra는 2025년에 플로리다 캐년에서 유지 및 성장 자본으로 약 5,500만 달러를 투자할 계획입니다. 3단계 IIIb 힙 리치 패드 건설이 2분기에 시작되었으며, 가동은 2025년 말에 예정되어 있습니다. 회사는 2025년 8월 13일에 2025년 2분기 재무 결과 전체를 발표할 예정입니다.
Integra Resources (NYSE American : ITRG) a annoncé de solides résultats opérationnels pour le deuxième trimestre 2025 de sa mine Florida Canyon. La mine a produit 18 086 onces d'or et vendu 18 194 onces au cours du trimestre, conformément aux attentes de l'entreprise. La quantité totale de minerai traité a atteint 3 157 kt avec un taux de récupération de l'or de 60,5 %.
La trésorerie de la société s’est renforcée à 63 millions de dollars au 30 juin 2025. Integra prévoit d’investir environ 55 millions de dollars en capital de maintien et de croissance à Florida Canyon en 2025. La construction du bassin de lixiviation en tas Phase IIIb a débuté au deuxième trimestre, avec une mise en service prévue fin 2025. Les résultats financiers complets du deuxième trimestre 2025 seront publiés le 13 août 2025.
Integra Resources (NYSE American: ITRG) meldete starke operative Ergebnisse für das zweite Quartal 2025 aus seiner Florida Canyon Mine. Die Mine produzierte im Quartal 18.086 Unzen Gold und verkaufte 18.194 Unzen, was den Erwartungen des Unternehmens entspricht. Die insgesamt eingebrachte Erzmenge betrug 3.157 kt bei einer Goldrückgewinnungsrate von 60,5%.
Die Cash-Position des Unternehmens verbesserte sich zum 30. Juni 2025 auf 63 Millionen US-Dollar. Integra plant, im Jahr 2025 rund 55 Millionen US-Dollar in Erhaltungs- und Wachstumskapital für Florida Canyon zu investieren. Der Bau der Heap-Leach-Lagerstätte Phase IIIb wurde im zweiten Quartal begonnen, die Inbetriebnahme ist für Ende 2025 geplant. Die vollständigen Finanzergebnisse für das zweite Quartal 2025 werden am 13. August 2025 veröffentlicht.
- Cash position increased to $63 million
- Gold production met expectations with 18,086 ounces in Q2 2025
- Consistent gold recovery rate of 60.5%
- Significant $55 million planned investment in mine development
- Increased strip ratio in Q2 due to higher waste stripping
- Lower processed gold grade of 0.21 g/t Au
Insights
Integra's Florida Canyon mine delivered consistent Q2 gold production with 18,086 oz while strengthening cash position to $63M.
Integra Resources reported Q2 gold production of 18,086 ounces from its Florida Canyon Mine, maintaining operational consistency that aligns with management's expectations. The company simultaneously strengthened its financial position, growing its cash balance to
Production metrics show healthy mining volumes with 3,075 kilotonnes of ore mined in Q2 against 2,966 kilotonnes of waste, resulting in a strip ratio of 0.96. The modest increase in strip ratio from the six-month average of 0.78 reflects planned capitalized waste stripping as part of the company's reinvestment strategy, not an operational concern.
Florida Canyon's recovery rates remain steady at
Most notably, Integra is self-funding its growth with operational cash flow, planning to invest approximately
The consistent production levels combined with significant reinvestment signal management's confidence in the long-term potential of Florida Canyon, with current operations providing the financial foundation for future expansion.
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
(All amounts in
George Salamis, President, CEO and Director of Integra commented: "Florida Canyon continues to deliver on our expectations, generating meaningful cash flow to fund significant re-investment into the mine, while also supporting the Company's broader growth strategy. As described in our 2025 guidance, between sustaining and growth capital, the Company plans to invest over
Second Quarter 2025 Florida Canyon Mine Operational Update
Florida Canyon Mine Operating Highlights | Unit1 | Three Months Ended | Six Months Ended |
Ore mined | kt | 3,075 | 6,096 |
Waste mined | kt | 2,966 | 4,765 |
Total mined | kt | 6,041 | 10,861 |
Strip ratio | waste:ore | 0.96 | 0.78 |
Crushed ore to pad | kt | 1,882 | 3,646 |
Run-of-mine ("ROM") ore to pad | kt | 1,275 | 2,474 |
Total ore placed | kt | 3,157 | 6,120 |
Processed grade | g/t Au | 0.21 | 0.22 |
Gold recovery rate | % | 60.5 % | 60.4 % |
Gold produced | oz | 18,086 | 37,410 |
Gold sold | oz | 18,194 | 37,734 |
1. Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce |
The Florida Canyon Mine ("Florida Canyon") produced 18,086 ounces of gold and sold 18,194 ounces of gold during the second quarter 2025, in-line with the Company's expectations. Consistent gold production was supported by the recovery of gold ounces placed on the Phase IIIa heap leach pad in the first and second quarters of 2025, as well as residual ounces leached from Phase I and II heap leach pads. The increased strip ratio during the second quarter 2025 is a result of increased capitalized waste stripping as part of the Company's re-investment strategy at Florida Canyon, which was outlined in the Company's 2025 guidance. During the second quarter 2025 construction of the Phase IIIb heap leach pad at Florida Canyon was initiated, with commissioning expected in late 2025.
Second Quarter 2025 Financial Position
Financial Position as of June 30, 2025 | Unit1 | |
Cash and cash equivalents | $m | 63.0 |
1. Unit abbreviations: $m = millions of |
Complete financial results for the second quarter 2025 will be reported and filed on Integra's profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on Wednesday, August 13, 2025.
Second Quarter 2025 Conference Call
Integra will host a conference call and webcast on Thursday, August 14, 2025, at 11:00 AM Eastern Time / 8:00 AM Pacific Time, to discuss the second quarter 2025 results. Details for the conference call and webcast are included below.
Dial-In Numbers / Webcast:
Conference ID: 2435675
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/915207495
About Integra Resources
Integra is a growing precious metals producer in the Great Basin of the
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Gregory Robinson (P.E., SME Registered Member), Integra's General Manager of the Florida Canyon Mine. Mr. Robinson is a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
Forward Looking Statements
Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and in applicable
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements, including but not limited to those risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.
Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.
Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves
NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-announces-consistent-second-quarter-2025-gold-production-results-from-florida-canyon-mine-and-increased-cash-balance-to-us63-million-302507438.html
SOURCE Integra Resources Corp.