Integra needs production jump to hit gold target - The Northern Miner

AI desk brief

Integra Resources said Florida Canyon produced 17,652 oz. in Q3, up 8% sequentially, but it still needs Q4 output to rise 32%-61% from Q3 to hit its unchanged full-year target of 70,000-75,000 oz. The mine’s nine-month output reached 46,666 oz., leaving 23,334-28,334 oz. required in the final quarter; shares fell 1.9% to C$3.12 Friday.

Operationally, ore mined rose 21% to 5.35 million tonnes and ore placed on leach pads increased 25% to 5.21 million tonnes, but recovery slipped to 52.5% from 57.8% as more uncrushed ore was stacked. Integra’s preliminary cash balance was US$119.5 million at Sept. 30, while annual mine-site AISC guidance remains elevated at US$3,300-US$3,500/oz sold, underscoring the need for stronger throughput to absorb costs.