Integra Resources Corp Reports Strong Q3 2026 Results
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VANCOUVER, BC, Nov. 11, 2026 /CourierPR/ -- Integra Resources Corp., a leading gold mining company, reported strong financial and operational results for the third quarter of 2026. The company's Florida Canyon Mine achieved record mining rates, processed 5.3 million tonnes of ore and 3.6 million tonnes of waste, resulting in a strip ratio of 0.68. This marked a significant improvement from the 2.5 million tonnes of ore and 3.4 million tonnes of waste processed in the same period of 2025, with mining rates averaging 97,428 tonnes per day, up from 64,488 tpd in Q3 2025.
Florida Canyon Mine produced 17,652 gold ounces in Q3 2026, a 40% increase from the first quarter of 2026 and an 8% increase from the second quarter of 2026. The mine sold 16,760 gold ounces at an average realized price of $4,272 per gold ounce, compared to 20,653 gold ounces produced and 20,265 gold ounces sold at an average realized price of $3,464 in Q3 2025. Quarterly revenue for the quarter was $72.4 million, up from $70.7 million in the same period of the previous year.
Mine operating earnings for Q3 2026 were $23.3 million, which was comparable to $28.6 million in Q3 2025. Adjusted earnings for the quarter were $12.8 million, or $0.06 per share, a slight decrease from the $16.3 million, or $0.10 per share, recorded in Q3 2025. Net earnings for the quarter were $12.9 million, or $0.06 earnings per share, compared to a net loss of $8.2 million, or $0.05 loss per share, in Q3 2025.
Cash costs averaged $2,419 per gold ounce, within revised guidance, and mine-site all in sustaining costs (Mine-site AISC) averaged $3,059 per gold ounce in Q3 2026, below revised guidance. Operating cash flow decreased to $21.8 million from $35.6 million in Q3 2025, largely due to a $15.3 million increase in cash used for working capital, primarily driven by a build-up of inventories. Free cash flow for the quarter was $11.1 million, or $0.05 per share, compared to $20.2 million, or $0.12 per share, in Q3 2025.
Cash and cash equivalents stood at $119.5 million at the end of Q3 2026, an increase from $63.1 million at the end of 2025, benefiting from a $57.5 million bought deal public offering completed in Q1 2026 and free cash flow from Florida Canyon. An additional $5.3 million of restricted cash was returned to the company due to a reduction in required cash collateral related to Florida Canyon's surety bonds program.
The company has appointed GenCap Mining Advisory to assist in evaluating and structuring potential financing alternatives for the future development of the DeLamar Project. The DeLamar Project entered the National Environmental Policy Act (NEPA) environmental review process on May 29, 2026, with the United States Bureau of Land Management's (BLM) publishing of the Notice of Intent, and concluded the 30-day public scoping process in June 2026. The company is now working closely with the BLM to address comments received during the public scoping process and conduct environmental effects analysis. The DeLamar Project Environmental Impact Statement (EIS) and Record of Decision (RoD) are anticipated in the second half of 2027.
Integra Resources Corp. has continued to engage with stakeholders across Nevada, Idaho, and Oregon, including local communities, civic and non-profit organizations, government officials, and Tribal nations. Specific engagement at DeLamar during the quarter included the "Let's Talk DeLamar" series of town hall meetings, designed to facilitate feedback on local priorities and operational considerations that fall outside the environmental analysis conducted through NEPA.
The company is revising its 2026 production guidance at Florida Canyon from 70,000-75,000 ounces of gold to 59,000-62,000 ounces, due to recent leaching rates not keeping pace with increased mining rates. To maintain effective blending and long-term heap leach pad performance, mining rates will be reduced for the remainder of the year. As the stripping campaign in the Central Pit is completed next year, access to higher-grade ore is expected to increase production.
In summary, Integra Resources Corp. has reported robust financial and operational results for Q3 2026, with record mining rates and increased gold production. The company remains well-funded to execute strategic investments at Florida Canyon while advancing its development pipeline.