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Integra Reports Third Quarter 2026 Results from Florida Canyon: Increase in Quarterly Gold Production and Strengthened Financial Position; Provides Operational Update

ITRG
  • Integra Resources Corp. reported third quarter 2026 financial & operating results for the period ended September 30, 2026.
  • The Florida Canyon Mine achieved record mining rates averaging 97,428 tonnes per day while mining 5.3 million tonnes of ore & 3.6 million tonnes of waste at a strip ratio of 0.68.
  • Gold production in Q3 2026 reached 17,652 ounces compared to 20,653 ounces in Q3 2025, with sales of 16,760 ounces at an average realized price of $4,272 per ounce.
  • Quarterly revenue increased to $72.4 million from $70.7 million in the prior year period.
  • Mine operating earnings were $23.3 million in Q3 2026 compared to $28.6 million in Q3 2025.
  • Net earnings for the quarter were $12.9 million ($0.06 per share), reversing a net loss of $8.2 million recorded in Q3 2025.
  • Adjusted earnings were $12.8 million ($0.06 per share), down from $16.3 million ($0.10 per share) in the same period last year.
  • Cash costs averaged $2,419 per ounce sold & Mine-site AISC averaged $3,059 per ounce sold, both within revised guidance ranges.
  • Operating cash flow decreased to $21.8 million from $35.6 million in Q3 2025, primarily due to a $15.3 million increase in working capital driven by inventory buildup.
  • Free cash flow was $11.1 million ($0.05 per share) for the quarter, compared to $20.2 million in Q3 2025.
  • Cash & cash equivalents balance rose to $119.5 million at September 30, 2026, supported by a $57.5 million public offering in Q1 2026 & free cash flow generation.
  • Exploration drilling totaled 14,309 meters in Q3 2026, identifying encouraging results at near-mine targets & the northern extension of the Madre Shear zone.
  • The DeLamar Project entered the NEPA environmental review process in May 2026 with a Record of Decision anticipated in the second half of 2027.
  • GenCap Mining Advisory was appointed to assist in evaluating financing alternatives for the future development of the DeLamar Project.
  • The Company revised 2026 gold production guidance for Florida Canyon down to 59,000–62,000 ounces from 70,000–75,000 ounces due to leaching rates not keeping pace with increased mining rates.
  • Mining rates at Florida Canyon will be reduced for the remainder of 2026 to maintain effective blending & heap leach pad performance.
  • Health & safety metrics included zero fatalities & one lost time injury at Florida Canyon during Q3 2026.
  • The Company will host a conference call on November 12, 2026, at 10:00 AM Eastern Time to discuss these results.
Company
Integra Resources Corp.
Keywords
Integra Resources Corp.