Integra Resources reports Q1 production results

Integra Resources (ITRG) provided an interim operational update for Q1. The company mined 3.0M tons of ore and 3.9M tons of waste at a strip ratio of 1.30 at the Florida Canyon Mine. As a result, mining rates averaged 76,800 total tpd a record for the Mine and its operations. The Florida Canyon Mine produced 12,635 ounces of gold and sold 12,518 ounces of gold in the quarter. The company raised $61M through a bought deal public offering in Q1 funding near-term growth initiatives at the DeLamar Project. Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project.