FLORIDA CANYON FEASIBILITY STUDY DELIVERS SUBSTANTIAL INCREASE IN MINERAL RESERVE, GOLD PRODUCTION OVER AN 8-YEAR MINE LIFE AND US$0.8 BILLION IN AFTER-TAX FREE CASH FLOW; PROVIDES OPERATIONAL UPDATE
Integra Resources released a Feasibility Study for the Florida Canyon Mine showing a 74% increase in Proven and Probable Mineral Reserves to 1.19 million ounces and an extended mine life to 2033. The study outlines an average annual gold production of 82,000 ounces over an 8-year operating mine life, representing a 17% increase from previous estimates. Economics indicate the project will generate approximately $0.8 billion in after-tax free cash flow with a base case after-tax NPV of $601 million and a Life-of-Mine AISC of $2,331 per ounce. The company plans $92 million in growth capital, including $55 million for heap leach pad expansion and $37 million for fleet modernization.
Key figures
- Guidance
- 2026 site-level AISC guidance revised to $3,300-$3,500/oz; production guidance maintained at 70-75 Koz Au
- Lom aisc per oz
- 2331
- Mine life years
- 8
- Growth capital million
- 92
- Mineral reserve pp moz
- 1.19
- Avg annual production koz
- 82
- Lom after tax fcf billion
- 0.8
- Mineral reserve increase pct
- 74
- Npv after tax base case million
- 601
AI analysis
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