Slide 1: Fourth Quarter & Full-Year 2024 Operating & Financial Results
Fourth Quarter & Full-Year 2024 Operating & Financial Results March 27, 2025 TSX-V: ITR I NYSE: ITRG INTEGRARESOURCES.COM
Slide 2: Cautionary Note & Disclaimer
CAUTIONARY NOTE & DISCLAIMER This document has been prepared by Integra Resources Corp. (“Integra” or the “Company”) solely for the use in connection with the recipient’s evaluation of the Company. This document is a presentation of information about the Company’s activities as the date of the prese
Slide 3: Q4 and FY 2024 Operating and Financial Results: Call Participants
Q4 and FY 2024 Operating and Financial Results: Call Participants George Salamis Andrée St-Germain President, CEO & Director Chief Financial Officer Jason Banducci Greg Robinson Vice President, Corporate Development & IR General Manager, Florida Canyon Mine 3
Slide 4: Growth Focused Precious Metals Producer in the Great Basin of the USA
Florida Canyon Mine: Nevada DeLamar Project: Idaho Nevada North Project: Nevada GROWTH FOCUSED PRECIOUS METALS PRODUCER IN THE GREAT BASIN OF THE USA Focused on demonstrating profitability Delivering value through successful mining and operational success at principal operations, efficient project d
Slide 5: Q4 & FY 2024: Transformational Year
Q4 & FY 2024: Transformational Year 2024 represents a transformational year for Integra becoming a gold producer through the acquisition of Florida Canyon 72.2 kozs Au DeLamar Florida Canyon FY 2024 Production1 De-risked Acquired Nov 8, 2024 11.0 kozs Au Significant advancements Nov 8-Dec 31, 2024 a
Slide 6: Q4 & FY 2024: Florida Canyon Operating Results
Q4 & FY 2024: Florida Canyon Operating Results Full year production at Florida Canyon marked the highest in 21 years; significant progress on major capital projects Nov. 8 – Dec. 31, Year ended Dec. Highlights Operating Statistics 2024 31, 20241 November 8 – December 31, 2024 Ore 000t 1,752 12,866 •
Slide 7: FY 2024: Florida Canyon Operating Results
FY 2024: Florida Canyon Operating Results Mining Profile Commentary: Crushed Tonnes Placed (kt) ROM Tonnes Placed (kt) 15 Total Material Placed (Mt) 12 Increased ROM material placed on pad • Record production in recent years supported by placing increased run of mine ore directly on the 9 heap leach
Slide 8: Q4 & FY 2024: DeLamar Project Achievements
Q4 & FY 2024: DeLamar Project Achievements DeLamar 2024 efforts were focused on engineering to support the 2025 feasibility study and permit advancement Highlights Feasibility Study Engineering • Completed final metallurgical and engineering test work; mine sequencing work performed by Whittle Consu
Slide 9: Q4 & FY 2024: Nevada North Project Achievements
Q4 & FY 2024: Nevada North Project Achievements Drilling at Wildcat in 2024 gathered crucial data in support of future exploration, engineering and permitting efforts Highlights Drilling • 10-hole, 1,940-meter drill program completed at Wildcat in Q2-Q3 2024; designed to refine geological, geotechni
Slide 10: Year-End 2024: Financial Position
Year-End 2024: Financial Position Integra is pleased to report its strongest ever financial position as of December 31, 2024 $52.2M $64.4M YE 2024 Cash Balance YE 2024 Working Capital1 Highlights • Significant increase in cash as a result of cash acquired through the Florida Canyon acquisition (Nov
Slide 11: Q4 2024: Financial Results
Q4 2024: Financial Results Integra demonstrated positive Q4 2024 Adjusted Earnings per Share with less than two months of operations $30.4M $5.4M $9.5M $0.02/sh Q4 & FY 2024 Revenue Q4 & FY 2024 Gross Profit Q4 2024 Net Income Q4 2024 Adjusted Earnings (Nov 8 to Dec 31, 2024) (Nov 8 to Dec 31, 2024)
Slide 12: FY 2024: Exploration & Evaluation Expenses
FY 2024: Exploration & Evaluation Expenses In 2024 significant investment was made into DeLamar and Nevada North to ensure future organic growth Exploration and evaluation expenses for the year ended Nevada & Arizona Idaho Properties Total December 31, 2024 ($000’s) Properties $14.2M Site general an
Slide 13: 2025 Outlook: Key Objectives
2025 Outlook: Key Objectives Returns for shareholders in 2025 will be delivered through execution and achievement of key milestones Florida Canyon: oxide exploration, mine optimization, cost reduction, cash flow generation DeLamar: Feasibility Study mid-year; initiation of Federal mine permitting in
Slide 14: 2025 Outlook: Florida Canyon Ongoing Optimization
2025 Outlook: Florida Canyon Ongoing Optimization Several studies underway to optimize mining operations and demonstrate sustained profitability at Florida Canyon Focused on continuous improvement initiatives across mining operation Mine Metallurgy Planning Mining Process G&A Fleet Efficiency Note:
Slide 15: 2025 Outlook: USA Project Advancement – Opportune Time
2025 Outlook: USA Project Advancement – Opportune Time Executive Orders signed at both State and Federal levels to streamline permitting for large development projects Idaho Strategic Permitting, Efficiency, & Economic Development (SPEED) Act: • Executive Order signed by Idaho Governor Brad Little i
Slide 16: 2025 Outlook: Executive Leadership Additions
2025 Outlook: Executive Leadership Additions In early 2025 Integra significantly bolstered executive level leadership in the areas of mining operations and permitting Clifford Lafleur, Chief Operating Officer • Appointed in March 2025; will lead strategic decision making at Florida Canyon and provid
Slide 17: Building the Next Mid-tier Producer
Building the Next Mid-tier Producer DeLamar Production & Florida Canyon generates cash flow to support Cash Flow the advancement of DeLamar & Nevada North Florida Canyon Growth Built-in pipeline of complementary heap leach Pipeline projects underpin unmatched growth profile Idaho Resource Peer leadi
Slide 18: Q&A
Q&A 18
Slide 19: Cautionary Note Regarding Non-IFRS Measures
CAUTIONARY NOTE REGARDING NON-IFRS MEASURES Cautionary Note Regarding Non-IFRS Financial Measures Alternative performance measures in this document such as “cash cost”, “AISC” “after-tax cash flow” are furnished to provide additional information. These non-GAAP performance measures are included in t
Slide 20: Non-IFRS Measures
Non-IFRS Measures Avg. Realized Gold Price Adjusted Earnings Cash Cost and AISC Working Capital Note: Note: Refer to Integra's financial statements and management discussion and analysis for the year ended December 31, 2024 available under Integra’s SEDAR+ profile at www.sedarplus.ca ; All dollar am
Slide 21: For more information, please contact
For more information, please contact: Jason Banducci, Vice President Corporate Development & Investor Relations TSX-V: ITR | NYSE: ITRG Email: jason.banducci@integraresources.com 21