Gold Reserves and Production Both Increase
On June 26, 2026, Integra Resources announced the latest feasibility study results for its Florida Canyon Gold Mine located in Nevada, USA. The project's annual production will increase by 17% to 82,000 ounces of gold, with mine life extended to eight years of mining plus two years of heap leach tailings processing. Proven and probable reserves grew 74% to 1.1 million ounces at a grade of 0.31 grams per tonne. However, recovery rates remained largely flat, and all-in sustaining costs (AISC) rose 43% to $2,331 per ounce. The updated after-tax net present value (at 5% discount rate) reached $601 million, a significant increase from the $120 million estimated by the previous owner in 2024, mainly driven by higher gold price assumptions (adjusted from $1,900 per ounce to $4,200 per ounce).
Project Economic Indicators Significantly Improved
Since being acquired by Integra in 2024, economic indicators for the mine have continued to improve, supporting the company's advancement of the DeLamar project development in Idaho. Analysts note that despite rising unit costs and capital expenditures, the project demonstrates strong cash flow performance, with total after-tax free cash flow expected to reach $800 million, averaging $90 million annually.