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VANCOUVER - Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG), a precious metals company with a market capitalization of $225 million that has seen its stock surge nearly 46% year-to-date, has announced the appointment of Clifford Lafleur as its new Chief Operating Officer (COO). Lafleur, who brings over 25 years of experience in the mining industry, will assume his role in April 2025, marking a strategic move by Integra to bolster its operational and executive team as it aims to grow as a precious metals producer in the U.S. Great Basin area. According to InvestingPro data, the company’s stock is trading near its 52-week high, reflecting market optimism about its growth trajectory.
The incoming COO has a notable background, having recently contributed to SilverCrest Metals Inc.’s success, which culminated in a $1.7 billion sale to Coeur Mining, Inc. His tenure at SilverCrest as Senior Vice President of Operations saw the development and operational ramp-up of the Las Chispas Mine in Mexico. Prior to that, Lafleur held a directorial role at Torex Gold Resources, where he led technical teams and played a part in constructing the El Limón Guajes underground mine. This appointment comes at a crucial time, as InvestingPro analysis shows the company faces operational challenges with weak gross profit margins and short-term liquidity concerns.
Lafleur’s appointment is timed with Integra’s focus on optimizing the Florida Canyon Mine and advancing technical studies and development at the DeLamar and Nevada North projects. He expressed enthusiasm about joining Integra at a pivotal time, with multiple catalysts for growth on the horizon.
George Salamis, President, CEO, and Director of Integra, highlighted Lafleur’s hands-on mining experience and deep understanding of mine optimization, which are expected to be instrumental in unlocking value at Florida Canyon and driving disciplined development at other projects.
In his new role, Lafleur will lead operational and technical decision-making, drive performance at Florida Canyon, and oversee technical efforts at DeLamar and Nevada North. His oversight will include the completion of the DeLamar Feasibility Study, expected in mid-2025.
Integra, which focuses on profitability and operational excellence at its principal asset, the Florida Canyon Mine in Nevada, plans to release its 2025 operating and cost guidance mid-2025. This will give Lafleur time to integrate with the operations team and assess ongoing optimization studies.
The information provided is based on a press release statement from Integra Resources Corp.
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