INTEGRA PROVIDES 2026 GUIDANCE AND THREE-YEAR OUTLOOK HIGHLIGHTING PRODUCTION GROWTH AT FLORIDA CANYON GOLD MINE

The most recent news (Feb 23, 2026) provides 2026 guidance and a three-year outlook. Integra expects 2026 gold production of 70,000 to 75,000 ounces at the Florida Canyon Mine, increasing to 80,000–90,000 ounces in 2027 and 2028. However, costs remain high, with 2026 Mine-Site AISC projected at $2,750 to $2,950 per ounce. The company is aggressively reinvesting, allocating $35M–$40M to the DeLamar Project and $10M–$15M to Nevada North in 2026. This follows a strategic 6,600-acre land acquisition (Feb 17) and the closing of a US$61M financing (Feb 9) intended to fund early works at DeLamar.

The news is Routine - Positive. While the production growth outlook is encouraging and confirms the "stable foundation" management promised during the Florida Canyon acquisition, the AISC guidance for 2026 is exceptionally high ($2,750–$2,950/oz). This indicates that Florida Canyon is currently a high-cost operation where profitability is heavily dependent on sustained high gold prices. The material impact lies in the successful transition from a developer to a producer that can now fund its own "early works" and land acquisitions without total reliance on equity markets, though the recent US$61M raise shows they still require external capital for major project advancements.

Integra Resources is a U.S.-focused precious metals producer. Its flagship is the DeLamar Project in Idaho, a past-producing heap leach project. The Feb 2026 Feasibility Study outlines a 10-year mine life producing 106,000 oz AuEq annually with an after-tax NPV5% of $774M (at $3,000 gold). The company also operates the Florida Canyon Mine in Nevada, which provides the cash flow to advance DeLamar and the Nevada North (Wildcat/Mountain View) deposits.