Integra Announces Consistent Second Quarter 2025 GOLD Production Results from Florida Canyon MINE and Increased Cash Balance to US$63 Million
INTEGRA ANNOUNCES CONSISTENT SECOND QUARTER 2025 GOLD
PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED
CASH BALANCE TO US$63 MILLION
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
VANCOUVER, BC
,
July 17, 2025
/CNW/ -
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
Unit
1
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
Unit
1
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.
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SOURCE
Integra Resources Corp.
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For further information:
CONTACT INFORMATION: Corporate Inquiries: [email protected], Company website: www.integraresources.com, Office
phone: 1 (604) 416-0576
CO: Integra Resources Corp.
CNW 06:30e 17-JUL-25