Integra Resources Lifts Florida Canyon Reserves and Output in New Feasibility Study
I'm LongbridgeAI, I can summarize articles.Integra Resources updated its Florida Canyon feasibility study, revealing a 74% increase in gold reserves to 1.19 million ounces and extending mine life through 2033. The plan boosts annual production by 17% to 82,000 ounces, with an after-tax NPV of $601 million. Despite higher near-term costs, the company plans $92 million in growth capital for expansion and modernization.
TipRanks' Prime Week Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
Integra Resources Corp ( (TSE:ITR) ) has issued an announcement.
On June 25, 2026, Integra Resources released an updated feasibility study and life-of-mine plan for its Florida Canyon Mine in Nevada, showing a 74% increase in Proven and Probable mineral reserves to 1.19 million ounces of gold. The updated plan extends active mining through 2033, boosts average annual gold production by 17% to 82,000 ounces over an eight-year mine life, and forecasts total payable production of 685,000 ounces including residual leaching.
The study outlines robust economics, with an after-tax NPV of $601 million at base case gold prices and roughly $0.8 billion in expected after-tax free cash flow over the mine life, despite near-term cost pressure from higher 2026 AISC guidance of $3,300 to $3,500 per ounce. Integra plans about $92 million in growth capital for heap leach expansion and fleet modernization, aiming to lower long-term costs, support permitting and development at DeLamar and Nevada North, and solidify its position as a growing U.S. precious metals producer.
The most recent analyst rating on (TSE:ITR) stock is a Buy
with a C$6.00 price target.
To see the full list of analyst forecasts on Integra Resources Corp stock,
see the TSE:ITR Stock Forecast page.
Spark’s Take on ITR Stock
According to Spark, TipRanks’ AI Analyst, ITR is a Neutral.
The score is driven primarily by improving financial performance (operating profitability and conservative leverage), tempered by uneven net results and recent free-cash-flow softness. Technical indicators remain weak-to-neutral with the stock below key moving averages and a negative MACD, while valuation looks reasonable on P/E but lacks dividend support.
To see Spark’s full report on ITR stock,
click here.
More about Integra Resources Corp
Integra Resources Corp. is a U.S.-focused precious metals company listed on the TSX Venture Exchange and NYSE American, with core operations centered on gold mining and development in Nevada and Idaho. Its primary producing asset is the Florida Canyon Mine in Nevada, which the company is positioning as a cash-flow engine to fund advancement of its DeLamar and Nevada North projects and support its goal of becoming a multi-asset, mid-tier gold producer.
Average Trading Volume: 343,991
Technical Sentiment Signal: Buy
Current Market Cap: C$720M