Integra Resources Corp. reported that its Florida Canyon mine produced 70,927 ounces of gold in 2025, exactly within the company’s guidance range of 70,000‑75,000 ounces. The mine processed 13,226 kt of ore at an average grade of 0.22 g/t Au, achieving a 60.1 % gold recovery rate and a 0.71 waste‑to‑ore strip ratio in the fourth quarter. The fourth‑quarter output of 12,864 ounces fell short of the 13,000‑ounce target because a liner tear in the solution pond temporarily reduced solution flow; the liner was repaired by mid‑November and the company expects the deferred 2,000‑3,000 ounces to be recovered in 2026.
The 2025 operating cash flow from the heap‑leach operation reached $35.6 million in Q3, a strong indicator that the mine is self‑funding. At year‑end, Integra held $63.1 million in cash, a figure that reflects the mine’s robust cash generation after accounting for capital expenditures. The company invested roughly $60 million in sustaining capital at Florida Canyon during 2025, including a fleet revitalization that introduced new haul trucks and loaders to reduce rental costs and lower all‑in sustaining costs. An additional $12‑$12.5 million was allocated to advance permitting for the DeLamar heap‑leach project.
Florida Canyon remains the company’s primary cash generator and is strategically positioned to fund the development of DeLamar and Nevada North. The capital outlay at Florida Canyon is intended to extend mine life and support a larger drilling program, while the DeLamar investment accelerates the project’s permitting process. Management projects that the mine will maintain or exceed the 70,000‑75,000‑ounce production target in 2026, citing the successful repair of the liner and the implementation of additional protective measures.
President, CEO and Director George Salamis said the 2025 results “demonstrate the effectiveness of our disciplined operating model and our ability to generate cash that fuels both current operations and future growth.” He added that the company’s focus on operational excellence, coupled with strategic reinvestment, positions Integra to capitalize on opportunities in both its flagship asset and its development pipeline.
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