Canada's Integra Resources Q1 revenue rises on higher gold prices

Overview

• Canada-based gold miner's Q1 revenue rose yr/yr on higher realized gold prices

• Adjusted EPS for Q1 increased to $0.07 from $0.03 a year earlier

• Company raised $57.5 mln in equity financing, strengthening its balance sheet

Outlook

• Integra maintains 2026 gold production guidance of 70,000 to 75,000 ounces

• Company expects cash costs to remain elevated due to higher royalties and diesel prices

• Integra expects permitting milestones for DeLamar and Nevada North projects in late 2026 and early 2027

Result Drivers

• HIGHER GOLD PRICES - Revenue and mine operating earnings benefited from record average realized gold prices, offsetting lower gold production and sales

• RECORD MINING RATES - Increased mining rates at Florida Canyon, enabled by new haul trucks and fleet expansion, improved operational flexibility

• ELEVATED COSTS - Cash costs and all-in sustaining costs rose above guidance due to lower gold ounces sold, higher royalties and excise taxes from higher metal prices, and increased diesel prices

Company press release: ID:nPn3jvb59a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the diversified mining peer group is "buy"

• Wall Street's median 12-month price target for Integra Resources Corp is C$9.00, about 126.7% above its May 8 closing price of C$3.97

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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