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INTEGRA ANNOUNCES CONSISTENT SECOND QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$63 MILLION

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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.

Positive
  • 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
Negative
  • 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 $63 million, which provides substantial liquidity for their planned capital investments.

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 60.5%, consistent with the six-month average of 60.4%, demonstrating operational stability. The mine processed ore with an average grade of 0.21 g/t gold, slightly below the year-to-date average of 0.22 g/t, but still within normal operational parameters.

Most notably, Integra is self-funding its growth with operational cash flow, planning to invest approximately $55 million in Florida Canyon this year across sustaining and growth capital. This includes the ongoing construction of the Phase IIIb heap leach pad expected to be commissioned in late 2025, which should support future production capacity. The company's $63 million cash position suggests they are well-positioned to execute this capital program without additional financing.

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

VANCOUVER, BC, July 17, 2025 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to provide an interim operational update for the second quarter ended June 30, 2025 (the "second quarter 2025" or "Q2 2025"). The Company plans to release its second quarter 2025 financial results after market close on Wednesday, August 13, 2025, followed by a conference call hosted by senior management on Thursday, August 14, 2025 at 11:00 AM Eastern Time / 8:00 AM Pacific Time.

(All amounts in United States ("U.S.") dollars as at June 30, 2025, unless otherwise stated)

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 ~$55 million into Florida Canyon this year – capital that not only supports near-term improvements but also positions the mine for long-term growth and profitability. Overall, we are very pleased with the consistent operational delivery from Florida Canyon and the momentum it is helping us build across the business."

Second Quarter 2025 Florida Canyon Mine Operational Update

Florida Canyon Mine Operating Highlights

 Unit1

Three Months Ended
June 30, 2025

Six Months Ended
June 30, 2025

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 U.S. dollars

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 Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

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 United States securities law (referred to herein as forward‐looking statements). Except for statements of historical fact, certain information contained herein constitutes forward‐looking statements which includes, but is not limited to, statements with respect to: timing of the second quarter 2025 financial results and conference call, plans and expectations for Florida Canyon, the future financial or operating performance of the Company and the Wildcat and Mountain View deposits (the "Nevada North Project"), the Florida Mountain and DeLamar deposits (the "DeLamar Project") and Florida Canyon. Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions.

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 U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

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.

Cision 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.

FAQ

What was Integra Resources (ITRG) gold production in Q2 2025?

Integra Resources produced 18,086 ounces of gold and sold 18,194 ounces at Florida Canyon Mine during Q2 2025.

How much cash does Integra Resources (ITRG) have as of Q2 2025?

Integra Resources reported cash and cash equivalents of $63 million as of June 30, 2025.

What is the gold recovery rate at Florida Canyon Mine for Q2 2025?

The gold recovery rate at Florida Canyon Mine was 60.5% for Q2 2025, with a processed grade of 0.21 g/t Au.

How much is Integra Resources investing in Florida Canyon Mine in 2025?

Integra plans to invest approximately $55 million in sustaining and growth capital at Florida Canyon Mine during 2025.

When will Integra Resources release full Q2 2025 financial results?

Integra will release complete Q2 2025 financial results on August 13, 2025, followed by a conference call on August 14, 2025.
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