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VANCOUVER - Integra Resources Corp. (TSXV:ITR) (NYSE American:ITRG), a mining company with an excellent financial health score according to InvestingPro, announced Thursday results from its 2025 growth drilling program at the Florida Canyon Mine in Nevada, revealing potential to expand resources and extend the mine’s operational life. The company, currently valued at $543.69 million, maintains a strong balance sheet with a healthy current ratio of 2.11.
The 16,000-meter drilling program, which has completed approximately 13,000 meters to date, focuses on three key areas: historical low-grade gold-mineralized waste material, expansion of resources between existing pits, and testing lateral extensions.
Initial results from the South Mine Dump confirmed near-surface oxide gold mineralization with consistent grades, including intercepts of 0.21 grams per tonne (g/t) gold over 73.2 meters, 0.20 g/t gold over 68.6 meters, and 0.20 g/t gold over 53.3 meters. Approximately 70% of drill intercepts exceeded the current mine cut-off grade of 0.11 g/t gold.
The company provided preliminary volume estimates for the North and South Dumps, suggesting a combined potential of approximately 34-56 million tonnes with grades ranging from 0.11-0.25 g/t oxide gold.
Drilling between existing pits also yielded positive results, with top intercepts including 0.48 g/t gold over 76.2 meters at the Central/Radio Tower Saddle area and 0.81 g/t gold over 76.2 meters at the Radio Tower Extension.
"We continue to see excellent gold-mineralized intercepts in both the historical dump and Inter-Pit areas, which confirm excellent grade continuity and continue to highlight the potential to grow mineral resources and extend mine life," said George Salamis, President, CEO and Director of Integra, in the press release. The market has responded positively to the company’s execution, with the stock delivering an impressive 262.1% return year-to-date and trading near its 52-week high of $3.35.
The company expects to complete a mineral resource and reserve update and a revised life-of-mine plan in the first half of 2026 based on the drilling program results.
Integra also announced that Eric Tremblay has resigned from its Board of Directors, effective immediately.
In other recent news, Integra Resources announced a record revenue of $61.1 million for the second quarter of 2025. This marks a significant achievement for the company, indicating strong operational performance and financial health. The reported figures reflect the company’s strategic initiatives and the favorable conditions in the gold market. Additionally, despite a recent decline in stock price, the company maintains an optimistic outlook on its growth prospects. Analysts have noted these developments, although no specific upgrades or downgrades were mentioned. Investors may find these updates crucial as they consider the company’s future trajectory. These recent developments highlight Integra Resources’ resilience in the current market environment.
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