Project UpdateJul 30, 2026, 04:56 PM
Integra Florida Canyon Mine Reserves +74% to 1.19M oz Au; NPV $601M
AI Summary
Integra Resources Corp. announced the filing of an updated Feasibility Study Technical Report and Life of Mine Plan for its Florida Canyon Mine. The report shows a 74% increase in Proven and Probable Mineral Reserves to 1.19 million ounces of gold, an 8-year mine life, and a 17% increase in average annual gold production to 82,000 ounces. The project is expected to generate $0.8 billion in after-tax free cash flow and has a base case after-tax NPV (5%) of $601 million.
Key Highlights
- Proven and Probable Mineral Reserves increased by 74% to 1.19 million ounces of gold.
- Mine life extended to 8 years.
- Average annual gold production increased by 17% to 82,000 ounces.
- Life-of-mine gold sold projected at 685,000 ounces.
- After-tax free cash flow estimated at $0.8 billion.
- Base case after-tax NPV (5%) is $601 million.
- Site-level all-in sustaining costs (AISC) expected to average $2,331 per ounce.
- Enhanced mine plan to support advancement of DeLamar and Nevada North projects.
Price Impact
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