Integra Resources Reports Q3 2026 Revenue Growth Amid Production Guidance Downgrade
Integra Resources (ITRG) reported third-quarter revenue of $72.4 million, a slight increase from the $70.7 million recorded in the prior-year period. Despite record material movement at the Florida Canyon Mine, reaching 97,428 tons per day, the company faced operational headwinds including rising costs for diesel, labor, and explosives. These factors contributed to cash costs of $2,419 per ounce sold. The company has revised its full-year 2026 gold production guidance downward to a range of 59,000–62,000 ounces, down from the previous estimate of 70,000–75,000 ounces. This reduction is attributed to leaching rates failing to keep pace with increased mining and stacking activities. While adjusted earnings fell to $12.8 million compared to $16.3 million last year, the company maintains a strong liquidity position with $119.5 million in cash and cash equivalents.
Topics: cash costs gold production mining operations revenue