# INTEGRA REPORTS FIRST QUARTER 2026 RESULTS; RECORD TOTAL TONNES MINED, AND STRENGTHENED FINANCIAL POSITION Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/integra-reports-first-quarter-2026-results-record-total-tonnes-mined-and-strengt--7e8d7a7c-7bf4-465f-ae11-25e8e1fcdd10 Original source: https://money.tmx.com/en/quote/ITR/news/8756091567559909/integra-reports-first-quarter-2026-results-record-total-tonnes-mined-and-strengt Publisher: tmx Original announcement: 2026-05-11T21:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Integra Resources Corp. - Ticker: ITR - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Production, Capital raise, Permitting, Metallurgy - Extracted: 2026-09-14 06:42:15 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Integra Resources Corp. reported its Q1 2026 results, highlighting a record total of 6.91 million tonnes mined and a strengthened financial position with $105.8 million in cash and equivalents, partly due to a $57.5 million public offering. Despite lower gold production of 12,635 ounces and elevated cash costs of $2,422/oz and Mine-site AISC of $3,310/oz compared to Q1 2025, the company achieved increased revenue of $61.7 million and mine operating earnings of $24.9 million. Permitting for the DeLamar Project advanced with an optimized Mine Plan of Operations submitted, and the Wildcat Exploration Plan of Operations was fully approved. Reasoning: Integra Resources reported mixed Q1 2026 results with record total tonnes mined, increased revenue and operating earnings, and a strengthened financial position from a capital raise. However, gold production and sales were lower than the prior year, and costs were elevated, though the company maintained its full-year production guidance and advanced key permitting milestones. - Positive factor: Record total tonnes mined - Positive factor: Strengthened financial position due to capital raise - Positive factor: Increased revenue and mine operating earnings - Positive factor: Improved operating margin - Positive factor: Commissioned new haul trucks, enhancing mining capacity - Positive factor: Permitting progress on DeLamar and Nevada North projects - Positive factor: Maintained full-year production guidance - Negative factor: Lower gold production and sales compared to Q1 2025 - Negative factor: Elevated cash costs and Mine-site AISC, above guidance - Negative factor: Decreased operating cash flow and free cash flow compared to Q1 2025 - Negative factor: Temporary production timing impacts due to reduced solution flow rates to a leach pad cell Facts used in scoring: 9 ## Classification and evidence **Tonnage Growth** Polarity: positive Story-specific tag Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Total tonnes mined increased from 4,820 kt in Q1 2025 to 6,910 kt in Q1 2026, representing a significant increase. Evidence · table > 6,910 Context: Total Mined **Dilutive Growth** Polarity: negative Story-specific tag Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: The strip ratio increased significantly from 0.60 in Q1 2025 to 1.30 in Q1 2026, indicating a higher proportion of waste mined relative to ore, which can be dilutive to overall economics. Evidence · table > 1.30 Context: Strip ratio **Category Upgrade** Polarity: positive Story-specific tag Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The Wildcat Exploration Plan of Operations \(EPO\) decision record is complete and the Reclamation Permit was received, providing greater flexibility for expanded exploration and drilling campaigns, which can lead to resource growth and upgrades. Evidence · text > The Wildcat EPO, now fully approved, will provide greater flexibility for significantly expanded exploration and hydrogeological drilling campaigns scheduled to begin in Q2 2026. **NI 43-101 Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The scientific and technical information in the news release has been reviewed and approved by a 'Qualified Person' as defined in National Instrument 43-101. Evidence · text > The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company is advancing its resource growth drilling program at Florida Canyon and expects an updated mine plan and technical report later this year, indicating a resource update is in progress. Evidence · text > Continued advancement of the resource growth drilling program at Florida Canyon in Q1 2026. The drilling program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources. **PEA-Supporting** Polarity: neutral Story-specific tag Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The Feasibility Study for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, which supports further development and potential economic assessments. Evidence · text > The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Metallurgical Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/integra-reports-first-quarter-2026-results-record-total-tonnes-mined-and-strengt--7e8d7a7c-7bf4-465f-ae11-25e8e1fcdd10#fact-metallurgical-facts-0) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Recovery - Recovery: 59.9 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: Q1 2026 saw record total tonnes mined and a high realized gold price, but gold production and sales were lower than Q1 2025, and costs were above guidance, indicating operational challenges despite strong market conditions. - Positive factor: Record total tonnes mined - Positive factor: Increased average realized gold price - Negative factor: Lower gold production and sales compared to prior year - Negative factor: Elevated cash costs and AISC above guidance - Negative factor: Slight decrease in recovery Evidence · table > 3,008 Context: Ore mined #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 59.9% is below the weak band \(80%\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/integra-reports-first-quarter-2026-results-record-total-tonnes-mined-and-strengt--7e8d7a7c-7bf4-465f-ae11-25e8e1fcdd10#fact-metallurgical-facts-1) Florida Canyon Mine · gold Historical result Needs review: historical\_restatement #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Recovery - Recovery: 60.4 % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-11T00:00:00.000Z #### Dates - Event date: 2026-05-11T00:00:00.000Z Reasoning: This historical data from Q1 2025 shows higher production and lower costs compared to the current quarter, providing a benchmark for performance comparison. - Positive factor: Higher gold production and sales compared to Q1 2026 - Positive factor: Lower cash costs and AISC compared to Q1 2026 Evidence · table > 3,021 Context: Ore mined #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 60.4% is below the weak band \(80%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.