Integra Resources Provides 2025 Guidance, Updates on Nevada and Idaho Projects

Integra Resources Corp. is a precious metals producer in the Western United States. Its principal operating asset is the Florida Canyon Mine in Nevada, which produces gold through hard rock open pit mining and heap leaching. The company is also advancing its development-stage projects, including the DeLamar Project in Idaho and the Nevada North Project in western Nevada.

Integra Resources Corp. (NYSE: ITRG) has commenced a gold resource growth-focused drill program at its primary operating asset, the Florida Canyon Mine in Nevada. The 2025 drill program, which began in early May, is the first phase of a multi-year growth strategy aimed at expanding mineral reserves and resources, extending mine life, and maximizing the value of Florida Canyon. The program is expected to conclude in Q3 2025, with initial results anticipated during the summer months of 2025.

The 2025 drill program will consist of ~10,000 meters of reverse circulation/RC drilling, budgeted at ~$1.5 million. This drilling is focused on 3 key near-mine targets at Florida Canyon to support oxide mineral reserve and resource growth and extend the mine’s operational life. The program is designed to support a mineral resource and reserve update, along with a revised life-of-mine plan, in early 2026.

As of December 31, 2024, proven and probable mineral reserves at Florida Canyon totaled 70.4 million tonnes at a grade of 0.35 grams per tonne gold, amounting to 785,000 ounces of gold. The Florida Canyon Mine has a long operating history, having produced ~2.7 million ounces of gold from over 200 million tonnes of ore mined since operations began in 1986 through the end of 2024.

In addition to the Florida Canyon Mine, Integra Resources is also advancing its development-stage projects, including the DeLamar Project in Idaho and the Nevada North Project in western Nevada. The company's 2025 guidance provides an outlook for production, operating costs, sustaining and growth capital, and development spending across its portfolio. The guidance includes an expected gold production range of 70,000 to 75,000 ounces at the Florida Canyon Mine, with total cash costs ranging from $1,800 to $1,900 per ounce sold [3].

References:
[1] https://finance.yahoo.com/news/integra-resources-launches-gold-growth-080907955.html
[2] https://www.juniorminingnetwork.com/top-junior-gold-mining-stocks.html
[3] https://www.newswire.ca/news-releases/integra-provides-2025-guidance-focused-on-consistent-operations-and-capital-investment-at-florida-canyon-and-significant-advancement-of-development-projects-880200439.html