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Integra Resources Reports First Quarter 2026 Results; Record Total Tonnes Mined, and Strengthened Financial Position
VANCOUVER, BC, May 11, 2026 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce financial
About this update from Integra Resources Corp
[{"type":"text","content":" VANCOUVER, BC, May 11, 2026 /CNW/ - Integra Resources Corp. (\"Integra\" or the \"Company\") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce financial and operating results for the three months ended March 31, 2026 (the \"first quarter\" or \"Q1 2026\"). The Company will host a conference call to discuss first quarter 2026 results on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time. (All amounts expressed in United States (\"U.S.\") dollars unless otherwise stated) First Quarter 2026 Highlights: Mined 3.0M tonnes of ore and 3.9M tonnes of waste at a strip ratio of 1.30 at the Florida Canyon Mine (the \"Florida Canyon Mine\" or \"Florida Canyon\" or the \"Mine\") for Q1 2026. As a result, ore mining rates were 33,421 tonnes per day (\"tpd\") and total tonnes mined were 76,800 tpd, a record for the Mine. In Q1 2026, Florida Canyon produced 12,635 gold ounces and sold 12,518 gold ounces at a record average realized price of $4,854 per gold ounce. Quarterly revenue of $61.7 million in Q1 2026, compared to revenue of $57.0 million in Q1 2025. Mine operating earnings of $24.9 million in Q1 2026 compared to $15.5 million in Q1 2025. Operating margin of 40% in Q1 2026 was improved from the 27% operating margin recorded in Q1 2025. Q1 2026 adjusted earnings(1) of $12.9 million, or $0.07 per share, compared to $4.4 million, or $0.03 per share in Q1 2025. Adjustments were largely related to unrealized gains associated with the bullion contracts, losses on the disposal of mineral properties, plant, and equipment, and deferred tax expenses. Q1 2026 net earnings of $12.5 million, or $0.06 earnings per share improved from the net earnings of $1.0 million, or $0.01 earnings per share recorded in Q1 2025. Cash costs(1) averaged $2,422 per gold ounce and Mine-site all in sustaining costs(1) (\"Mine-site AISC\") averaged $3,310 per gold ounce in Q1 2026, both impacted by lower gold ounces sold, higher royalties and excise taxes on gold sales from higher than planned metal prices, and increased diesel prices. Operating cash flow of $13.8 million decreased from $15.7 million in Q1 2025, largely due to a $12.1 million increase in cash used for working capital, largely inventory buildups, partially offset by stronger mine operating earnings supported by higher metal prices. Free cash flow(1) was $3....