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VANCOUVER - Integra Resources Corp. (TSXV:ITR) (NYSE American:ITRG), a mining company with a market capitalization of $269 million and a "GOOD" overall financial health score according to InvestingPro, announced Thursday its 2025 guidance for production, costs, and capital expenditures across its portfolio, with a focus on its Florida Canyon Mine in Nevada.
The company expects gold production from Florida Canyon to reach 70,000 to 75,000 ounces in 2025, with total cash costs projected between $1,800 and $1,900 per ounce sold. Mine-site all-in sustaining costs are anticipated to range from $2,450 to $2,550 per ounce sold. The company’s stock has shown strong momentum, with a 70% return over the past six months, while analysts expect revenue growth of 5.4% in the current fiscal year.
Integra plans to allocate $48.0-$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-$10.0 million is earmarked for growth capital expenditures, including approximately $1.5 million for a 10,000-meter drilling program aimed at expanding oxide resources.
For its development projects, Integra has budgeted $14.5-$15.5 million, with $12.0-$12.5 million allocated to the DeLamar Project in Idaho to support feasibility study completion and permitting advancement. The remaining $2.5-$3.0 million will fund metallurgical test work and geochemical sampling at the Nevada North Project.
The company indicated that Florida Canyon’s mining plan for 2025 includes approximately 13.5 million tonnes of ore and 11.2 million tonnes of waste, resulting in a strip ratio of 0.83.
According to the press release statement, Integra acquired Florida Canyon in late 2024 to secure a consistent source of cash flow to advance its development projects while reducing dependence on equity financing. With a healthy current ratio of 2.25 and more cash than debt on its balance sheet, InvestingPro analysis suggests the company is currently trading near its Fair Value. InvestingPro subscribers have access to 11 additional key insights about Integra’s financial position and growth prospects.
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