Project UpdateJul 6, 2026, 12:16 PM
Integra Resources Florida Canyon Mine Feasibility Study: NPV $601M, Mine Life Extended
AI Summary
Integra Resources Corp. announced the results of its updated Feasibility Study for the Florida Canyon Mine, projecting an after-tax NPV of $601 million. The study outlines an extended 8-year active mine life, increasing annual gold production by 17% to 82 Koz, and anticipates $92 million in growth capital investments to expand heap leach capacity and modernize the fleet. These updates reflect a material transformation of the mine, aiming for a more stable and predictable production profile with a Life-of-Mine (LOM) site-level AISC of $2,331/oz.
Key Highlights
- Florida Canyon Mine Feasibility Study shows after-tax NPV5% of $601M.
- Mine life extended to 8 years of active mining, followed by 2 years of residual leaching.
- Annual gold production increased by 17% from 70 Koz to 82 Koz.
- Life-of-Mine (LOM) gold sold projected at 685 Koz.
- LOM site-level All-in Sustaining Costs (AISC) estimated at $2,331/oz.
- $92M growth capital for heap leach expansion and fleet modernization.
- Total Net Free Cash Flow of $769.5M over LOM.
Price Impact
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