Record Q2 Revenue and Cash Flow
Q2 revenue was a record $61.1 million, with operating cash flow generated from Florida Canyon at $16.3 million. The company ended the quarter with a robust cash balance of $63 million, marking the strongest financial position for Integra.
Florida Canyon Operational Success
Florida Canyon produced 18,087 ounces of gold with cash costs of $1,849 per ounce and site level all-in sustaining costs of $2,641 per ounce. The average realized gold price was $3,332 per ounce.
Positive Growth Drilling Program Results
The 2025 growth drilling program at Florida Canyon demonstrated excellent initial results, leading to an increase in the scope of the program from 10,000 meters to 16,000 meters.
Strategic Advancements at DeLamar and Nevada North
Significant progress on the DeLamar Project's feasibility study and federal permitting is expected to commence in H2 2025. The Nevada North project has also advanced with environmental and metallurgical work.
Profit Margin Improvement
Q2 gross profit was $25.2 million, resulting in a 41% operating profit margin, an increase driven by the higher average realized gold price.