Integra Delivers 30% Q2 Production Jump and Record Mining Rates at Florida Canyon

By Mining Hub News Desk
12 August 2026, 9:46 a.m. EDT 2 min read

Integra Resources Corp. produced 16,379 ounces of gold at its Florida Canyon Mine during the second quarter of 2026, marking a 30% increase quarter-over-quarter driven by record total material movement.

Ore mining rates at the Nevada operation reached 48,538 tonnes per day, while total tonnes mined averaged a record 87,867 tonnes per day, supported by new mining equipment integrated into the fleet over previous quarters and shorter haul distances. During the quarter, Florida Canyon mined 4.4 million tonnes of ore and 3.6 million tonnes of waste at a strip ratio of 0.81.

The operation sold 15,794 gold ounces at an average realized price of $4,426 per ounce, generating $70.8 million in revenue compared to $61.1 million in Q2 2025. Mine operating earnings for the quarter reached $23.4 million, while net earnings stood at $12.0 million, or $0.06 per share. Adjusted earnings were $13.1 million, or $0.06 per share.

Cash costs averaged $2,495 per gold ounce and mine-site all-in sustaining costs averaged $3,371 per gold ounce. Operating cash flow improved to $22.8 million from $16.3 million in the prior-year period, primarily driven by a $9.0 million decrease in cash used for working capital. Free cash flow increased to $9.3 million, or $0.05 per share, compared to $2.1 million in Q2 2025. Cash and cash equivalents rose to $111.1 million as of June 30, 2026, benefiting from a $57.5 million bought deal public offering completed earlier in the year.

“With ore stacking on the heap leach pad exceeding expectations, the Company is maintaining its full year production guidance of 70,000 to 75,000 ounces of gold.”

— George Salamis, President, CEO and Director

Integra acquired the Florida Canyon Mine on November 8, 2024, successfully transitioning the business from a development-stage explorer into a gold producer. The company is advancing a 42,500-metre growth-focused drilling program at the mine to support resource and reserve expansion, building on the operational momentum established during the 2025 campaign.

Across its broader portfolio, Integra incurred $5.7 million in exploration and project expenses at the DeLamar Project in Q2 2026, largely directed toward engineering, permitting, and development drilling. The project entered the federal permitting process under the National Environmental Policy Act in May 2026, with an Environmental Impact Statement and record of decision anticipated in the second half of 2027.

Read the full announcement: Integra Reports Second Quarter 2026 Results; 30% Increase in Quarterly Gold Production, Record Total Tonnes Mined and Strengthened Financial Position