INTEGRA REPORTS RECORD MINING AND ORE-STACKING RATES AT FLORIDA CANYON, 30% INCREASE IN SECOND QUARTER GOLD PRODUCTION
Integra’s Florida Canyon mine saw production rise 30% quarter-on-quarter, though the full-year target requires a steep ramp-up in the second half.
Integra Resources Corp. (ITR) reported second-quarter 2026 production of 16,379 ounces of gold at its Florida Canyon mine, with 15,794 ounces sold. This represents a 30% increase from the 12,635 ounces produced in the first quarter, bringing year-to-date production to 29,014 ounces.
The company achieved record mining rates of 87,867 tonnes per day, marking a 47% rise in ore mined and a 45% increase in ore placed on heap leach pads compared to the previous quarter. Processed grade rose to 0.23 grams per tonne of gold, up from 0.19 grams per tonne in Q1, while gold recovery dipped to 57.8% from 59.9% in the first quarter.
Cash and equivalents stood at approximately $111.1 million as of June 30. Management reaffirmed full-year 2026 production guidance of 70,000 to 75,000 ounces, expecting higher output in the second half of the year as the N2 ore blending strategy and elevated mining rates take effect.
Integra Resources Corp. (ITR) released a production report for the second quarter that confirms the operation is recovering from the one-off leach-pad constraints experienced in the first quarter. The market had already priced in the more significant June 25 announcement, which included a large reserve increase, a steep hike in all-in sustaining cost (AISC) guidance, and a $92 million growth capital expenditure plan.
The second-quarter release does not alter the fundamental cost-pressure narrative. First-half output still trails the internal first-half weighting plan. To meet the full-year target, production in the second half must average approximately 20,500 to 23,000 ounces per quarter, a significant step-up from the 16,379 ounces produced in the second quarter. While the 30% quarter-on-quarter rise is positive, it represents a recovery to a trajectory that is merely adequate to hold the annual guide rather than a beat.
Integra Resources Corp. (ITR) is a U.S.-focused gold producer and developer. Its cornerstone asset is the producing Florida Canyon heap-leach mine in Nevada, which has a 2026 guide of 70–75 koz Au.
Two advanced heap-leach development projects form a built-in growth pipeline. The DeLamar gold-silver project in Idaho has completed its feasibility study, with a 10-year LOM average of 106 koz AuEq and an AISC of $1,480/oz; a Record of Decision is expected in Q3 2027. The Nevada North project is at the PEA stage, with a PFS expected in early 2027.
Combined Measured and Indicated resources across the portfolio total approximately 6.9 moz AuEq, with an additional approximately 3.1 moz Inferred.