Company maintains 2026 gold production guidance at 70,000 to 75,000 ounces
Company raises 2026 cash cost guidance to $2,300-$2,500/oz sold
Company raises 2026 mine-site AISC guidance to $3,300-$3,500/oz sold
Overview
Canada precious metals miner's Q2 revenue rose yr/yr on higher gold prices
Q2 adjusted EPS was $0.06, comparable to $0.07 a year earlier
Gold production rose 30% quarter-over-quarter, driven by record mining rates
Result Drivers
RECORD MINING RATES - Co said record material movement at Florida Canyon Mine was driven by new equipment integration and shorter haul distances
HIGHER GOLD PRICES - Increased revenue was supported by stronger-than-anticipated gold prices, per company
HIGHER OPERATING COSTS - Cash costs and mine-site AISC rose due to increased mined, stacked and processed tonnes, higher royalties and excise taxes, and elevated diesel and explosive costs
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$8.25, about 123% above its August 10 closing price of C$3.70
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago
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