Integra Resources Q1 Operational Update: Gold Production of 12,635 Ounces
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy ITRG?
Integra Resources provided an interim operational update for Q1. The company mined 3.0M tons of ore and 3.9M tons of waste at a strip ratio of 1.30 at the Florida Canyon Mine. As a result, mining rates averaged 76,800 total tpd a record for the Mine and its operations. The Florida Canyon Mine produced 12,635 ounces of gold and sold 12,518 ounces of gold in the quarter. The company raised $61M through a bought deal public offering in Q1 funding near-term growth initiatives at the DeLamar Project. Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project.
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Analyst Views on ITRG
Wall Street analysts forecast ITRG stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.830
Low
4.13
Averages
5.16
High
5.75
Current: 2.830
Low
4.13
Averages
5.16
High
5.75
About ITRG
Integra Resources is a Canada-based company that produce precious metals. It operates in the Great Basin region of the Western United States and conducts work at the Florida Canyon Mine in Nevada. The Company pursues heap leach projects that include the DeLamar Project in southwestern Idaho and the Nevada North Project in western Nevada. These projects cover exploration and development of mineral deposits such as gold and silver. Integra undertakes project work and mining activities while following environmental social and governance practices as well as overseeing additional early-stage exploration assets in Idaho Nevada and Arizona. The Company also manages operational planning project development and stakeholder engagement through its corporate offices and site-based programs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Successful Metallurgical Testing: The Phase II metallurgical testwork revealed gold recoveries of up to 99% from oxide antimony-gold material, demonstrating that reprocessing historical leach pads can effectively extract both antimony and gold, thereby reducing production costs and enhancing profitability.
- Resource Estimate Plans: The company aims to release its maiden antimony-gold NI 43-101 Mineral Resource Estimate in Q2 2026, targeting near-term antimony production by 2027, marking a significant milestone in resource development that could attract more investor interest.
See More
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- Promising Drill Results: On April 9, 2026, NevGold reported a drill intercept at Resurrection Ridge in Limousine Butte of 1.93 g/t gold equivalent over 100.6 meters, including 1.07 g/t Au and 0.22% Sb, highlighting the project's high-grade potential and likely boosting future production plans.
- Successful Metallurgical Testing: Phase II metallurgical tests conducted on April 2, 2026, revealed up to 99% gold recovery from residual tailings after antimony extraction, with average recoveries exceeding 93%, validating the economic viability of dual-metal production and providing robust support for future operations.
- Clear Resource Estimate Goals: NevGold aims to release its maiden antimony-gold Mineral Resource Estimate in Q2 2026, targeting near-term production by 2027 from reprocessing existing historical leach pad materials without new mining, demonstrating efficiency and sustainability in resource development.
See More
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- Promising Drill Results: The April 9, 2026 drill results from Resurrection Ridge revealed a gold equivalent of 1.93 g/t over 100.6 meters, including 1.11% antimony, indicating significant potential for high-grade gold-antimony deposits, which bolsters investor confidence.
- Successful Metallurgical Testing: Phase II metallurgical tests conducted on April 2, 2026, demonstrated up to 99% gold recovery from residual tailings after antimony extraction, with average recoveries exceeding 93%, validating the economic viability of dual-metal production and enhancing future production feasibility.
- Clear Resource Estimate Goals: NevGold aims to release its maiden antimony-gold Mineral Resource Estimate in Q2 2026, with production targeted for 2027 by reprocessing existing historical leach pad materials, indicating a strategic approach to achieve production without new mining activities.
See More
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- Utilization of Historical Waste: Drilling results indicate broad intervals of oxide gold mineralization in historical South Mine Dump, with notable intercepts like FCM25-0655 showing 0.30 g/t Au, suggesting potential for resource increase and mine life extension in these areas.
- Near-Mine Resource Growth: Drilling in areas like Radio Tower Pit and C7/Central Pit demonstrates strong mineralization continuity, with multiple intercepts exceeding 100 meters, and 26% and 38% of drill results surpassing current cut-off grades, indicating significant resource growth potential.
- Strategic Investment Focus: Integra emphasizes mineral resources near existing infrastructure, highlighting low capital intensity and high-return growth opportunities, which are expected to drive future production growth and long-term value for shareholders.
See More
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- Historic Drilling Initiative: Integra Resources announces the launch of a 50,000-meter drilling program, marking the largest gold exploration campaign in the company's history, aimed at expanding mineral resources and extending mine life, which is expected to create long-term value for shareholders.
- Florida Canyon Focus: The program includes 42,500 meters of drilling at the Florida Canyon Mine, targeting near-mine oxide gold areas, with successful outcomes likely to be rapidly converted into production, thereby enhancing cash flow.
- Concurrent Multi-Project Advancement: Plans for 5,500 meters and 2,500 meters of drilling at the Nevada North Project and DeLamar Gold-Silver Project respectively will support future feasibility studies and resource growth, showcasing the company's strategic diversification across its asset base.
- Technical and Market Opportunities: This drilling program will not only collect critical engineering and metallurgical data but also leverage synergies from existing infrastructure, with strong gold prices driving resource growth and project development.
See More
