Successful Transition to Gold Production
Integra completed its first full quarter as a producing company with Florida Canyon Mine, marking a significant milestone in its transition from a development stage company to a US gold producer.
Strong Financial Position
Integra ended Q1 2025 with a cash balance of $61.1 million, its strongest financial position to date, and an operating cash flow of $16.1 million.
Improved Profit Margins
The company reported a 27% operating profit margin for Q1 2025, benefiting from the increased gold price, with an average realized gold price of $2,888 per ounce.
Promising Growth and Exploration Plans
A 10,000-meter growth-focused drill program was initiated at Florida Canyon, aimed at expanding resources and reserves, increasing mine life, and maximizing value.
Key Leadership Appointments
Integra added three experienced executives to its team, including a new COO, VP of Finance, and VP of Permitting, enhancing its leadership strength as it transitions to a mid-tier gold producer.
Progress on DeLamar Project
Significant progress was made on the DeLamar project, including the submission of an updated Mine Plan of Operations to the BLM, advancing federal permitting processes.