Quarterly ResultMay 11, 2026, 05:22 PM
Integra Resources Q1 Net Earnings $12.5M; Cash $105.8M; DeLamar FS Robust
AI Summary
Integra Resources Corp. reported Q1 2026 net earnings of $12.5 million, a significant increase from $1.0 million in Q1 2025, driven by strong mine operating earnings and a record average realized gold price of $4,854 per ounce. The company's cash and cash equivalents rose to $105.8 million, bolstered by a $57.5 million net proceeds public offering. While gold production was lower and cash costs/AISC were above guidance, Integra filed a Feasibility Study for the DeLamar Project, confirming robust economics with an after-tax NPV5% of $774 million at base case prices, and advanced permitting for its development projects.
Key Highlights
- Q1 2026 net earnings increased to $12.5 million from $1.0 million in Q1 2025.
- Q1 2026 revenue was $61.7 million, up from $57.0 million in Q1 2025.
- Cash and cash equivalents reached $105.8 million as of March 31, 2026, up from $63.1 million.
- Completed a $57.5 million net proceeds public offering in Q1 2026.
- DeLamar Project FS confirmed after-tax NPV5% of $774 million and IRR of 46% at base case.
- Florida Canyon produced 12,635 gold ounces and sold 12,518 gold ounces at $4,854/oz.
- Cash costs were $2,422/oz and Mine-site AISC $3,310/oz, above guidance due to lower ounces and higher royalties.
- Acquired a strategic land position near DeLamar Project for $12.5 million.