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Integra Resources Corp (TSE:ITR)
:ITR

Integra Resources Corp (ITR) AI Stock Analysis

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Integra Resources Corp

(ITR)

Rating:60Neutral
Price Target:
Integra Resources Corp's stock score reflects a mixed outlook. The transition to revenue generation and strong technical momentum are positive signs, but ongoing profitability challenges and high costs weigh on the financial performance. Valuation concerns due to a negative P/E ratio also affect the score. Positive corporate events and a generally favorable earnings call outlook help maintain a balanced perspective, highlighting the need for continued operational improvements to unlock value.
Positive Factors
Financial Performance
Recent acquisition of Florida Canyon led to a sharp increase in revenue and net income for Integra Resources.
Management and Strategy
Insight from experienced management team effectively showcased Florida Canyon’s current performance and long-term potential.
Operational Strength
Overall gold production exceeded management and analyst expectations, partially based on a one-time efficiency initiative.
Negative Factors
Market Environment
Revised precious metal price estimates account for the ongoing inflationary environment and recessionary concerns, potentially benefiting the company.
Permitting and Regulation
Submission of the updated Mine Plan of Operations for the DeLamar Project marks a significant milestone in initiating the federal permitting process.

Integra Resources Corp (ITR) vs. iShares MSCI Canada ETF (EWC)

Integra Resources Corp Business Overview & Revenue Model

Company DescriptionIntegra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho. The company was formerly known as Mag Copper Limited and changed its name to Integra Resources Corp. in August 2017. Integra Resources Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyIntegra Resources Corp generates revenue through the exploration and potential development of mineral properties. The company's primary revenue streams are derived from the discovery and development of economically viable mineral deposits, which can then be advanced towards production. Significant value is often generated through strategic partnerships, joint ventures, or selling stakes in projects to other mining companies. Additionally, the company may raise capital through equity financing to fund its exploration and development activities. The success of its business model depends heavily on the ability to acquire properties with substantial mineral deposits, manage exploration effectively, and navigate regulatory requirements to eventually bring a property into production.

Integra Resources Corp Earnings Call Summary

Earnings Call Date:May 14, 2025
(Q1-2025)
|
% Change Since: 4.65%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Positive
The earnings call reflects a generally positive sentiment driven by Integra's successful transition to gold production, strong financial position, and promising growth and exploration plans. However, challenges such as high production costs and operational issues at Florida Canyon, alongside permitting delays at Nevada North, highlight areas needing attention.
Q1-2025 Updates
Positive Updates
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.
Negative Updates
High Production Costs
Florida Canyon's all-in sustaining costs were $2,342 per ounce, which is relatively high, partly due to increased capital spending for pre-stripping activities and increased royalty and tax-related costs.
Operational Challenges
Mining and ore placement rates were impacted due to longer hauls and lower haul truck mechanical availability, requiring truck rentals to offset these issues.
Permitting Delays at Nevada North
The environmental assessment process for the Wildcat Exploration Plan of Operations at Nevada North experienced delays due to staffing issues, impacting its progression.
Company Guidance
In the first quarter of 2025, Integra Resources reported significant achievements as a newly transitioned US gold producer. The Florida Canyon Mine produced 19,323 ounces of gold, with all-in sustaining costs at $2,342 per ounce, compared to an average realized gold price of $2,888 per ounce, showcasing substantial leverage to the gold price. Operating cash flow for the quarter was $16.1 million, culminating in a robust cash balance of $61.1 million, marking the company's strongest financial position to date. This financial strength positions Integra well to execute its 2025 objectives without needing additional market financing. The company also advanced its DeLamar project by submitting an updated mine plan of operations to the BLM and made strides in its feasibility study. Moreover, Integra bolstered its leadership team with key appointments from SilverCrest Metals, enhancing its strategic focus on becoming a mid-tier gold producer.

Integra Resources Corp Financial Statement Overview

Summary
Integra Resources Corp shows early signs of growth with its first revenue generation in 2024. However, profitability remains a challenge due to negative margins and returns. The balance sheet reflects a cautious use of leverage, and cash flow trends indicate improvement, suggesting potential for a turnaround if revenue growth continues.
Income Statement
40
Negative
The company reported revenue for the first time in 2024, indicating potential growth. Gross and net profit margins are negative, pointing to ongoing operational challenges. EBIT and EBITDA margins are also negative, reflecting continued losses. However, the transition to generating revenue is a positive sign for future profitability.
Balance Sheet
55
Neutral
The company's debt-to-equity ratio is moderate, suggesting a balanced approach to leverage. The equity ratio indicates a solid equity base relative to total assets. However, the return on equity remains negative due to ongoing losses, highlighting the need for improved profitability.
Cash Flow
50
Neutral
The company has shown a significant improvement in free cash flow, moving from negative figures to a substantial reduction in free cash outflows. The operating cash flow to net income ratio is negative due to net losses, but the trend in cash flow improvement is promising.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
30.35M0.000.000.000.00
Gross Profit
5.37M-2.80M-968.64K-927.96K-639.46K
EBIT
-15.68M-37.67M-19.21M-31.70M
EBITDA
-3.82M-35.11M-22.37M-39.00M-25.28M
Net Income Common Stockholders
-9.50M-38.45M-20.40M-33.12M
Balance SheetCash, Cash Equivalents and Short-Term Investments
52.55M11.68M15.92M14.34M29.02M
Total Assets
237.08M108.64M61.42M75.16M89.07M
Total Debt
25.42M11.90M11.30M1.44M1.43M
Net Debt
-26.77M3.09M-4.62M-12.90M-27.59M
Total Liabilities
106.53M55.21M40.10M46.09M47.31M
Stockholders Equity
130.56M53.43M21.32M29.08M41.76M
Cash FlowFree Cash Flow
-9.43M-26.46M-18.33M-31.81M
Operating Cash Flow
-9.43M-26.46M-18.10M-30.51M
Investing Cash Flow
27.33M-4.19M-95.09K-1.29M960.73K
Financing Cash Flow
25.51M23.47M19.78M17.08M21.53M

Integra Resources Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.25
Price Trends
50DMA
2.22
Positive
100DMA
1.92
Positive
200DMA
1.62
Positive
Market Momentum
MACD
0.03
Positive
RSI
48.90
Neutral
STOCH
13.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ITR, the sentiment is Positive. The current price of 2.25 is below the 20-day moving average (MA) of 2.25, above the 50-day MA of 2.22, and above the 200-day MA of 1.62, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.90 is Neutral, neither overbought nor oversold. The STOCH value of 13.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ITR.

Integra Resources Corp Risk Analysis

Integra Resources Corp disclosed 31 risk factors in its most recent earnings report. Integra Resources Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The Wheaton Royalty Q4, 2023
2.
No Revenue and Negative Cash Flow Q4, 2023
3.
Liquidity and Capital Resources Q4, 2023

Integra Resources Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSITR
60
Neutral
C$380.25M-2.95%71.90%
51
Neutral
$2.04B-1.15-21.24%3.95%2.91%-30.44%
ASASM
$512.23M35.5110.93%
$540.02M160.581.21%
$513.08M-67.76%
$236.82M-325.93%
$272.07M-3.21%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ITR
Integra Resources Corp
2.25
0.98
77.17%
ASM
Avino Silver & Gold
3.48
2.54
270.21%
GLGDF
GoGold Resources
1.62
0.56
52.83%
ABBRF
AbraSilver Resource
3.30
1.72
108.86%
GOTRF
Goliath Resources
1.54
0.80
108.11%
NEWP
New Pacific Metals
1.57
-0.17
-9.77%

Integra Resources Corp Corporate Events

Delistings and Listing ChangesBusiness Operations and Strategy
Integra Resources Joins Solactive Global Silver Miners Index
Positive
May 1, 2025

Integra Resources Corp has been included in the Solactive Global Silver Miners Total Return Index, a significant milestone that enhances its capital markets profile and trading liquidity. This inclusion is expected to attract a broader range of institutional and retail investors, validating Integra’s success as a growing gold and silver producer in the Western United States.

Spark’s Take on TSE:ITR Stock

According to Spark, TipRanks’ AI Analyst, TSE:ITR is a Neutral.

Integra Resources shows strong technical momentum and a positive earnings call outlook, highlighting successful gold production transition and financial stability. However, the negative financial performance, with ongoing profitability challenges, and the valuation concerns due to a negative P/E ratio, limit the overall score. Continued revenue growth and operational improvements will be crucial for future performance.

To see Spark’s full report on TSE:ITR stock, click here.

Business Operations and StrategyFinancial Disclosures
Integra Resources Reports Strong Q1 2025 Gold Production and Financial Growth
Positive
Apr 22, 2025

Integra Resources Corp announced strong gold production results for the first quarter of 2025 from its Florida Canyon Mine, producing 19,323 ounces and selling 19,540 ounces of gold, which exceeded expectations due to efficiency improvements. The company also reported an increased cash balance of $61 million, highlighting its robust financial position and operational success, which may positively impact its market positioning and stakeholder confidence.

Spark’s Take on TSE:ITR Stock

According to Spark, TipRanks’ AI Analyst, TSE:ITR is a Neutral.

Integra Resources Corp’s stock score reflects a mixed outlook. The strongest factors are the technical analysis, showcasing bullish market momentum, and positive corporate events indicating strategic growth. However, financial performance remains a challenge with negative profitability and valuation concerns due to a negative P/E ratio. The company’s future potential hinges on sustaining revenue growth and improving operational efficiencies.

To see Spark’s full report on TSE:ITR stock, click here.

Executive/Board ChangesBusiness Operations and StrategyRegulatory Filings and Compliance
Integra Resources Advances DeLamar Project with Revised Mine Plan and Strategic Appointment
Positive
Apr 2, 2025

Integra Resources Corp has submitted a revised Mine Plan of Operations for its DeLamar Project to the U.S. Bureau of Land Management, marking a significant step in the federal permitting process under the National Environmental Policy Act. This move aligns with recent federal initiatives to boost domestic mineral production and reflects Integra’s commitment to sustainable mining practices. Additionally, the company has appointed retired U.S. Air Force Lieutenant General Leonard Kosinski as a strategic Board Advisor, leveraging his extensive experience to enhance federal engagement during the permitting process.

Executive/Board ChangesBusiness Operations and Strategy
Integra Resources Strengthens Leadership with New VP Finance Appointment
Positive
Mar 28, 2025

Integra Resources Corp has appointed Sean Deissner as Vice President Finance to strengthen its executive leadership team amid its transformation into a growth-focused precious metals producer. Deissner, with over 15 years of experience in the mining industry, brings expertise in financial reporting and corporate finance, having previously contributed to the successful acquisition of SilverCrest Metals Inc. His appointment is part of a broader executive expansion, which includes the granting of equity incentive awards to new executives, reflecting Integra’s strategic focus on growth and operational excellence.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Integra Resources Corp Reports Strong 2024 Results Following Florida Canyon Acquisition
Positive
Mar 26, 2025

Integra Resources Corp reported strong financial and operating results for the fourth quarter and full year 2024, highlighted by its transition to a gold producer following the acquisition of Florida Canyon Gold Inc. The company produced a record 72,229 ounces of gold for the year, surpassing its production guidance, and reported a net income of $9.5 million for the fourth quarter. Integra’s financial position was bolstered with a cash balance of $52.2 million and working capital of $64.4 million as of December 31, 2024. The company aims to focus on optimizing operations at Florida Canyon and advancing its key development projects in 2025.

Executive/Board ChangesBusiness Operations and Strategy
Integra Resources Appoints Clifford Lafleur as COO to Drive Growth
Positive
Mar 26, 2025

Integra Resources Corp has appointed Clifford Lafleur as Chief Operating Officer, a move that marks a significant milestone in the company’s transformation into a growth-focused precious metals producer. With over 25 years of experience, Lafleur’s expertise in mine development and operations is expected to drive the optimization of the Florida Canyon Mine and advance the development of DeLamar and Nevada North projects. His appointment is seen as crucial for unlocking value, maximizing efficiency, and generating shareholder returns, as Integra strengthens its leadership team to support its strategic growth initiatives.

Executive/Board ChangesBusiness Operations and Strategy
Integra Resources Strengthens Leadership to Boost Project Development
Positive
Feb 20, 2025

Integra Resources Corp. has appointed Dale Kerner as Vice President of Permitting, a strategic move to expedite the permitting process for its DeLamar and Nevada North projects. This appointment aligns with Integra’s broader strategy to enhance its executive team and accelerate project development. Additionally, the company updated its 2025 gold price protection program, aiming to secure financial stability and support project advancement. Hiring efforts for a new Chief Operating Officer are underway, with the appointment expected in Q1 2025, which will further guide the company’s operational and cost strategies.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.