Welcome to our dedicated page for Integra Resource news (Ticker: ITRG), a resource for investors and traders seeking the latest updates and insights on Integra Resource stock.
Integra Resources Corp. reports operating, development and corporate updates as a precious metals producer in the Great Basin of the Western United States. The company’s recurring news centers on the Florida Canyon Mine in Nevada, development work at the past-producing DeLamar Project in southwestern Idaho, and the Nevada North Project in western Nevada, including the Wildcat and Mountain View gold deposits.
Company announcements also cover mine production updates, project permitting, technical studies, drilling, public offerings, balance-sheet matters, equity incentive awards and annual governance actions. Permitting news includes federal and reclamation approvals tied to exploration plans, while financing and capital-allocation updates describe how Integra funds mine optimization and development-stage heap leach projects.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has made significant progress on its DeLamar Project. The Company completed over 80% of baseline studies critical for the Mine Plan of Operations (MPO) filing expected in late 2023. An 11,000 m exploration drill program has started to assess low-grade gold-silver stockpiles, potentially enhancing future mining plans. Stakeholder support remains strong, with 92% backing the project's advancement, aided by a comprehensive External Stakeholder Plan. These developments aim to facilitate permitting and improve the project's economic viability.
Integra has identified around 60 million tonnes of low-grade gold-silver material at the DeLamar project, potentially suitable for heap leach processing. Previous operations yielded an average grade of 1.2 g/t gold and 75 g/t silver. The upcoming 11,000 meter drill program, beginning in mid-September, aims to verify grade and increase mine life and production rates. Historical drill results support the material’s viability, with grades expected significantly above the cut-off grade. Successful outcomes could enhance project economics considerably.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has successfully completed its overnight marketed public offering, issuing 16.67 million shares at US$0.66 per share, raising US$11 million. Additionally, the company will draw an initial advance of US$10 million from a convertible loan facility of up to US$20 million from Beedie Investments. The proceeds will support the DeLamar Project's development, including 15,000 meters of drilling and working capital. Beedie Capital now holds an 8% equity stake in Integra, aligning its interests with shareholders.
Integra Resources Corp. (ITRG) has released promising drilling results from the DeLamar Project in Idaho, revealing significant mineralization of gold and silver. Drill hole IDM-22-204 showed 0.57 g/t gold and 131.29 g/t silver over 102.11 meters, including high-grade intercepts. These findings extend known mineralization at Sullivan Gulch by 30 meters and indicate potential in historic stockpiles for future heap leaching. The project exhibits a continuous high-grade gold-silver zone, enhancing the potential for future mining and development.
Integra Resources Corp. announced the voting results from its Annual General Meeting held on June 28, 2022, where 42.27% of outstanding shares were voted. Key approvals included setting the number of directors at 7, with individuals elected receiving over 94% support. MNP LLP was appointed as auditors with unanimous approval. The Amended and Restated Equity Incentive Plan was also approved, allowing up to 10% of issued shares for equity awards. This plan enhances the number of shares available for Restricted Stock Units and Deferred Stock Units, aligning with TSX Venture Exchange policies.
Integra Resources Corp. reported promising drill results from the DeLamar Project, revealing significant gold and silver intercepts at the Sullivan Gulch site. Notably, drill hole IDE-22-228 showed 0.76 g/t Au and 69.50 g/t Ag over 396.85 m, including high-grade results of 9.00 g/t Au and 491 g/t Ag over 1.52 m. These findings confirm the continuity of a new high-grade gold-silver zone and expand the potential resource growth at Sullivan Gulch. The company plans to resume drilling this summer, further enhancing exploration efforts in the region.
Integra Resources Corp. has announced significant drill results from the Sullivan Gulch area of the DeLamar Project in Idaho. Key findings include high-grade intercepts, with IDE-22-228 reporting 4.10 g/t gold and 446.92 g/t silver over 26.97 meters, including remarkable values of 80.40 g/t gold and 14,054 g/t silver over 0.40 meters. The results confirm a new, high-grade gold-silver feeder system at Sullivan Gulch, enhancing future resource potential. The project demonstrates a robust growth strategy with a 76% increase in resources since 2017.
Integra Resources has announced promising drill results from the War Eagle target at the DeLamar Project in Idaho, revealing high-grade gold-silver mineralization. The recent drill results include significant intercepts such as 3.85 g/t Au and 7.74 g/t Ag over 77.72 m, showcasing the potential for a high-grade gold-silver system. The findings suggest multiple mineralized structures with strike lengths up to 500 m, enhancing exploration potential at the site. This indicates a favorable outlook for future operations and resource expansion for Integra Resources.
Integra Resources Corp. (ITRG) has announced a strategic focus on advancing the permitting and development of its DeLamar Project's heap leach stage, which is projected to produce an average of 136,000 oz of gold equivalent per year. This initiative aims to reduce capital costs by approximately US$235 million, cut all-in sustaining costs by 15%, and optimize financing options. The heap leach method minimizes environmental impact and enhances project economics, with an after-tax NPV(5%) of US$314 million and an IRR of 33%. The company plans to expand heap leachable resources to increase mine life and production.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) announced the filing of a technical report under National Instrument 43-101 for the DeLamar Project in Idaho. The report follows a positive Pre-feasibility Study (PFS) indicating robust metrics: an after-tax NPV of US$408 million at a gold price of US$1,700/oz, with expected average annual production of 163,000 oz AuEq in the first eight years. Opportunities exist to lower capital costs by utilizing a heap-leach only operation, enhancing project flexibility and risk management. The full report can be accessed on SEDAR and the company's website.