Integra Resources announces voting results from annual meeting

Published 27/06/2025, 21:46
Integra Resources announces voting results from annual meeting

VANCOUVER - Integra Resources Corp. (TSXV:ITR) (NYSE American:ITRG), a mining company with a market capitalization of $246 million and a strong InvestingPro financial health rating, reported Friday that shareholders approved all proposed resolutions at its Annual General Meeting held on June 27, 2025.

The company announced that 96,983,535 shares were voted, representing 57.39% of outstanding shares. Shareholders approved setting the number of directors at eight with 99.79% support. The strong shareholder participation comes as the company maintains a healthy balance sheet with a current ratio of 2.25, indicating robust liquidity.

All eight nominated directors were elected with strong approval ratings ranging from 98.80% to 99.87%. The elected board includes Anna Ladd-Kruger, George Salamis, Timo Jauristo, C.L. "Butch" Otter, Carolyn Clark Loder, Eric Tremblay, Ian Atkinson, and Janet Yang.

BDO Canada LLP was appointed as the company’s auditor with 99.88% approval. Shareholders also approved the Amended and Restated Equity Incentive Plan with 99.17% support from disinterested shareholders.

The amended plan maintains the "rolling" structure where the aggregate number of common shares issued under the plan shall not exceed 10% of the company’s issued and outstanding common shares. It increases the number of incentive stock options reserved for issuance to 5,000,000, restricted share units to 7,000,000, and deferred share units to 4,000,000.

Integra Resources describes itself as a precious metals producer operating in the Great Basin of the Western United States, with its principal operating asset being the Florida Canyon Mine in Nevada. The company has demonstrated impressive market performance, delivering a 74.8% return over the past year. InvestingPro analysis suggests positive growth prospects, with revenue expected to grow by 5.38% in the current fiscal year. Discover more insights and 8 additional ProTips by subscribing to InvestingPro.

This article is based on a press release statement from Integra Resources.

In other recent news, Integra Resources Corp. announced its 2025 guidance for production, costs, and capital expenditures, focusing on the Florida Canyon Mine in Nevada. The company expects gold production from Florida Canyon to reach between 70,000 and 75,000 ounces. Total cash costs are projected to be between $1,800 and $1,900 per ounce sold, with mine-site all-in sustaining costs anticipated to range from $2,450 to $2,550 per ounce sold. Integra plans to allocate $48.0 to $53.0 million to sustaining capital expenditures at Florida Canyon, primarily for capitalized waste stripping, mobile fleet rebuild and replacement, and heap leach pad expansion. An additional $8.0 to $10.0 million is earmarked for growth capital expenditures, including a $1.5 million drilling program aimed at expanding oxide resources. For its development projects, Integra has budgeted $14.5 to $15.5 million, with the majority allocated to the DeLamar Project in Idaho to support feasibility study completion and permitting advancement. The remaining funds will be used for metallurgical test work and geochemical sampling at the Nevada North Project. The mining plan for Florida Canyon in 2025 includes approximately 13.5 million tonnes of ore and 11.2 million tonnes of waste, resulting in a strip ratio of 0.83. Integra acquired Florida Canyon in late 2024 to secure a consistent source of cash flow to advance its development projects.

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