Integra Resources Posts Steady Q2 Gold Output, Boosts Cash to $63M

Integra Resources reported steady gold production of 18,086 ounces in Q2 2025 from its Florida Canyon Mine in Nevada, meeting company expectations and supported by gold recovery from multiple heap leach pads. The company processed over 3 million tonnes of ore with a gold grade of 0.21 grams per tonne and a recovery rate of about 60.5%, while the strip ratio increased to 0.96 due to strategic capitalized waste stripping as part of its reinvestment plan. Integra's cash balance rose to $63 million by mid-2025, underpinning a planned $55 million investment in sustaining and growth capital at Florida Canyon, including the construction and anticipated commissioning of the Phase IIIb heap leach pad later this year. Leadership highlighted that this operational consistency is generating significant cash flow to support both near-term improvements and long-term growth, aligning with the company’s broader strategy to enhance profitability and shareholder value. Analysts present a mixed outlook, noting positive technical momentum and revenue generation but also ongoing challenges related to profitability and valuation. Integra continues to emphasize strong environmental, social, and governance standards while advancing its development projects in the Western U.S. mining sector.