0001062993-26-002121
SEC filingIntegra Resources reported record mining rates at Florida Canyon and a strengthened balance sheet with $105.6M cash, maintaining full-year gold production guidance of 70,000–75,000 ounces despite Q1 production deferrals.
Integra Resources delivered a strong operational quarter at its Florida Canyon Mine, achieving record mining rates of 76,800 tonnes per day, a significant milestone driven by the commissioning of six new Caterpillar 785 haul trucks. This enhanced fleet capacity positions the operation for improved consistency and flexibility going forward. While gold production totaled 12,635 ounces, approximately 3,000 ounces were deferred due to temporarily reduced solution flow rates in a specific leach pad cell containing fine ore. Management has implemented a blending strategy and expects to recover these deferred ounces over the remainder of the year, allowing the Company to maintain its full-year production guidance of 70,000 to 75,000 ounces.
Financially, the Company significantly strengthened its balance sheet during the quarter. Cash and cash equivalents totaled $105.6 million as of March 31, 2026, bolstered primarily by a $61 million bought deal public offering completed in February 2026. This capital injection supports the Company's dual-track strategy of optimizing Florida Canyon while advancing the DeLamar Project. Capital allocation during the quarter reflected this focus, with approximately $12 million directed toward sustaining capital at Florida Canyon and roughly $16.5 million allocated to DeLamar pre-production activities, including a $12.5 million strategic land acquisition and a $3.4 million deposit to Idaho Power. President and CEO George Salamis highlighted that these investments position Integra for a stronger second half of 2026, reinforcing the strategy of building a sustainable, multi-asset gold producer. The Company plans to release full financial results after market close on May 11, 2026.