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VANCOUVER - Integra Resources Corp. (TSXV:ITR) (NYSE American:ITRG), a mining company with a market capitalization of $281 million and strong financial health according to InvestingPro metrics, announced Friday it has entered into a Relationship Agreement with the Shoshone-Paiute Tribes of the Duck Valley Indian Reservation for the development of the DeLamar gold and silver mining project in southwest Idaho.
The agreement, described as the first of its kind in the Lower 48 States, establishes a framework for collaboration throughout the life of the mine on Shoshone-Paiute Traditional Homelands. The partnership covers indigenous recognition, economic participation, cultural and environmental protection, regulatory collaboration, and community investment.
Brian Mason, Chairman of the Shoshone-Paiute Tribes, said the agreement "asserts our right to a seat at the table to help direct how things happen in our territory" and supports the tribe as "a driver of responsible economic development in the region."
The agreement follows five years of collaboration between the parties and comes after Integra submitted its Mine Plan of Operations to the U.S. Bureau of Land Management in March 2025.
George Salamis, President and CEO of Integra, stated the partnership establishes "durable and long-term predictability, while providing the foundational platform for local and regional economic opportunities to thrive."
The DeLamar Project consists of historic deposits that were in production under Kinross Gold Corporation until 1998. Integra has invested approximately $140 million in resource growth, engineering, mine design, and environmental baseline work since acquiring the project in 2017. The company’s strong balance sheet, with a current ratio of 2.11, indicates solid financial positioning to continue project development.
Idaho’s congressional delegation, including Senator Mike Crapo, Senator Jim Risch, and Representative Russ Fulcher, expressed support for the agreement, citing potential economic benefits and job creation.
The company noted it is working with other Tribal Nations whose traditional territories overlap with the project footprint to explore similar relationships.
This article is based on a press release statement from Integra Resources Corp.
In other recent news, Integra Resources Corp. reported that its Florida Canyon mine produced 18,086 ounces of gold during the second quarter of 2025, with gold sales totaling 18,194 ounces for the period. The company also revealed a cash position of $63 million as of June 30, 2025, in an operational update ahead of its full financial results release. Additionally, Integra Resources announced its 2025 guidance, with a gold production target of 70,000 to 75,000 ounces from the Florida Canyon mine. The company projects total cash costs to be between $1,800 and $1,900 per ounce sold, while mine-site all-in sustaining costs are expected to range from $2,450 to $2,550 per ounce sold. At the Annual General Meeting held on June 27, 2025, shareholders approved all proposed resolutions, including setting the number of directors at eight with 99.79% support. A total of 96,983,535 shares were voted, representing 57.39% of outstanding shares. These developments provide valuable insights into Integra Resources’ operational and financial strategies for 2025.
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