Project UpdateJun 25, 2026, 11:36 AM
Integra Resources Florida Canyon Feasibility Study: $0.8B Free Cash Flow
AI Summary
Integra Resources Corp. announced the results of an updated Technical Report Feasibility Study for its Florida Canyon Mine in Nevada. The study projects a substantial increase in mineral reserves, with Proven and Probable Mineral Reserves rising by 74% to 1.19 million ounces of gold. The mine's life is extended through 2033, with annual gold production increasing by 17% to an average of 82 thousand ounces, expected to generate over $0.8 billion in after-tax free cash flow. While 2026 site-level AISC guidance is revised upwards to $3,300-$3,500/oz due to increased mining rates and inflationary pressures, the long-term outlook shows lower costs and enhanced economics.
Key Highlights
- Proven and Probable Mineral Reserves increased by 74% to 1.19 Moz Au.
- After-tax free cash flow expected to be $0.8 billion over life-of-mine (LOM).
- After-tax NPV5% of $601 million using base case metal prices.
- Annual gold production increased by 17% to an average of 82 Koz Au over 8-year mine life.
- Mine life extended through 2033, with 2 years of residual leaching thereafter.
- LOM site-level All-in Sustaining Costs (AISC) expected to average $2,331/oz.
- Revised 2026 site-level AISC guidance to $3,300-$3,500/oz, maintaining 70-75 Koz production.
- Total payable gold production of 685 Koz over LOM.
Price Impact
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