Northwire Canada EditionThursday, October 15, 2026
Northwire
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings Material −

INTEGRA REPORTS SECOND QUARTER 2026 RESULTS; 30% INCREASE IN QUARTERLY GOLD PRODUCTION, RECORD TOTAL TONNES MINED AND STRENGTHENED FINANCIAL POSITION

Integra’s Florida Canyon gold production rose 30% while cash-cost guidance increased 21% due to higher mining expenses and inflation.

Executive Summary

Integra Resources Corp. (ITR) reported second-quarter 2026 results featuring a 30% quarter-over-quarter increase in gold production to 16,379 oz, driven by record mining rates of 87,867 tpd and a 45% quarter-over-quarter rise in ore stacked. The company maintained its full-year production guidance of 70,000-75,000 oz.

Financially, the company posted $70.8 million in revenue, mine operating earnings of $23.4 million, and net income of $12.0 million, or $0.06 per share. However, Integra raised its cash-cost guidance to $2,300-$2,500/oz from $1,900-$2,100, increased mine-site AISC to $3,300-$3,500/oz from $2,750-$2,950, and lifted non-sustaining capital expenditures to $16.5-$18.5 million from $7.5-$9.5 million. The balance sheet was strengthened by $111.1 million in cash following a $57.5 million bought-deal offering in the first quarter.

Material Impact

Integra Resources Corp. (ITR) raised its cash-cost guidance to a range of $2,300–$2,500/oz in its Q2 release, marking a 21% increase at the midpoint from the $1,900–$2,100 guide issued in February 2026. While the increase in all-in sustaining costs (AISC) was partially anticipated by the June 2026 feasibility study, which set 2026 AISC at $3,300–$3,500, the cash-cost revision and the near-doubling of non-sustaining capital expenditures represent new disappointments.

Production guidance was maintained; however, the higher unit costs compress margins and reduce free cash flow. The market had previously reacted to the earlier AISC revision by pushing the stock from the $5.50 area to $3.70. Today’s further cost downgrade reinforces the pressure on margins, representing a clear negative deviation from the original 2026 plan.

ITR · Price
Company Overview

Integra Resources Corp. (ITR) is a U.S.-focused gold producer and developer. Its sole operating asset is the Florida Canyon Mine in Nevada, a heap-leach, open-pit facility that generates cash flow to advance the flagship DeLamar Gold-Silver Heap Leach Project in Idaho and the Nevada North Project (Wildcat/Mountain View). The company’s combined resource base totals approximately 6.9 moz AuEq Measured and Indicated and approximately 3.1 moz AuEq Inferred.

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