The feasibility study validates Florida Canyon as a long-life, low-cost gold asset with strong economics at current gold prices. The stock trades at a discount to the project NPV. Monitor for the NI 43-101 technical report filing within 45 days and any subsequent production guidance updates.
Price Chart
Executive Summary
Integra Resources announced an updated Feasibility Study for its Florida Canyon Mine in Nevada, showing an 8-year mine life with annual gold production increasing 17% to 82 Koz and a base case after-tax NPV of $600.6M. The study extends the mine life to 2033 and outlines $92M in growth capital funded from existing cash flow, representing a material transformation of the asset.
Key Facts
- LOM gold sold of 685 Koz at average annual production of 81.8 Koz
- After-tax NPV (5%) of $600.6M and total net free cash flow of $769.5M
- LOM site-level AISC of $2,331/oz net of silver by-product credits
- Growth capital of $92M ($55M heap leach expansion, $37M fleet modernization) funded from cash flow
- Mine life extended from 2030 to 2033 with 8 years of active mining plus 2 years residual leaching
Financial Impact
After-tax NPV of $600.6M and total net free cash flow of $769.5M over the life of mine
Risk Factors
- Execution risk on $92M growth capital investments for heap leach expansion and fleet modernization
- Gold price sensitivity: NPV drops to $203.8M at a 25% lower gold price
- Operational risks including mining cost overruns and permitting delays
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 17 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-003513 |
| Exhibit: exhibit99-2.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-3.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-6.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-7.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-4.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-5.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-11.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-13.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-10.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-9.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-12.htm | 0001062993-26-003513 |
| Exhibit: exhibit99-8.htm | 0001062993-26-003513 |
| Document: form6k.htm | 0001062993-26-003513 |
| Document: 0001062993-26-003513-index-headers.html | 0001062993-26-003513 |
| Document: 0001062993-26-003513-index.html | 0001062993-26-003513 |
| Document: 0001062993-26-003513.txt | 0001062993-26-003513 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 6-K | $2.30 | awaiting T+60 | — | $2.20 (−4.13%) |
Oct 22, 2026 3d ago | Press Release | $2.26 | awaiting T+60 | — | $2.20 (−2.43%) |
Oct 13, 2026 13d ago | 6-K | $2.48 | awaiting T+60 | — | $2.20 (−11.09%) |
Sep 23, 2026 4w ago | 6-K | $2.79 | awaiting T+60 | — | $2.20 (−20.97%) |
Aug 11, 2026 10w ago | Press Release | $2.70 | awaiting T+60 | — | $2.20 (−18.33%) |
Jul 6, 2026 16w ago | 6-K | $2.35 $2.66 | ▲ +13.19% | ▲ +11.28% | $2.20 (−6.17%) |
Jun 26, 2026 17w ago | 6-K | $2.22 $2.88 | ▲ +29.73% | ▲ +25.34% | $2.20 (−0.68%) |
Jun 2, 2026 20w ago | 6-K | $2.59 $2.91 | ▲ +12.36% | ▲ +11.24% | $2.20 (−14.86%) |
May 29, 2026 21w ago | 6-K | $2.74 $2.86 | ▲ +4.38% | ▲ +3.20% | $2.20 (−19.53%) |
May 26, 2026 21w ago | 6-K | $2.48 $2.83 | ▲ +14.11% | ▲ +11.39% | $2.20 (−11.09%) |
US Market Status
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