Integra Resources achieves record $70.7 million revenue in Q3 2025, bolstered by Florida Canyon's strong performance and strategic growth initiatives.
Companies mentioned:
Summary
- Integra Resources reported a strong financial performance with Q3 revenue of $70.7 million and operating cash flow of $35.6 million, driven by the Florida Canyon mine's cash flow generation.
- The company produced 20,653 ounces of gold at Florida Canyon with cash costs of $1,876 per ounce and an average realized gold price of $3,464 per ounce.
- Integra's strategic initiatives include reinvestment in Florida Canyon for heap leach pad expansion and mobile equipment upgrades, with a focus on sustaining and growing operations.
- An updated Life of Mine plan for Florida Canyon is expected in the first half of 2026, aiming to showcase long-term operational improvements and cost efficiencies.
- The company advanced its Delamar project with the acceptance of the Mine Plan of Operations, and a feasibility study is expected in late 2025.
- Integra established a significant relationship agreement with the Shoshone Paiute Tribe to support the Delamar project's development.
- The company's cash position increased to $81.2 million, supporting its strategic goals without requiring further equity financings.
- Management expressed optimism about future growth and profitability, bolstered by the New York Stock Exchange listing and potential for index inclusion.
Good morning. My name is Eric and I will be your conference operator today. At this time I would like to welcome everyone to the Integra Resources third quarter 2025 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. A question and answer session. If you would like to ask a question during this time, simply press STAR followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I'd like to turn the meeting over to Jason Banducci, Vice President of Corporate Development and Investor Relations. Please go ahead, Mr. Banducci.
Thank you Operator. I would also like to welcome everyone to Integra's third quarter 2025 operating and financial Results conference call. Before we begin, I would like to note that we will be making forward looking statements during today's call. I will direct you to the second slide. Slide of the earnings presentation which contains important cautionary notes regarding these forward looking statements. The cautionary notes can also be found on Integra's corporate. All dollar amounts discussed today will refer to US Dollars unless otherwise noted. On the call today, Today I'm joined by Integra's president, CEO and director George Salamis, chief operating officer Cliff Lafleur, chief financial officer Andre St. Germain, vice president of Finance Sean Diesmeyer and the General Manager of the Florida Canyon Mine, Canyon Mine, Greg Robinson. Today we are pleased to provide an operating and financial results and financial update for the third quarter 2025, followed by. A live Q and a session. With that, I'd like to hand the call over to George to kick things off.