Integra’s Florida Canyon Study Boosts Reserves 74% and Projects $0.8 B Cash Flow
ITRG•Integra’s updated 2026 feasibility study for Florida Canyon delivers a 74% rise in Proven and Probable gold reserves to 1.19 Moz and lifts average annual production 17% to 82 Koz over an 8-year life through 2033. The mine is projected to generate over $0.8 B in after-tax free cash flow.
1. Feasibility Study Overview
Integra released its updated 2026 Technical Report for the Florida Canyon Mine, acquired in 2024 for $68 M, presenting robust project economics with an after-tax 5% NPV of $601 M at base case metal prices and $723 M at spot prices.
2. Reserve and Resource Increases
Proven and Probable gold reserves surged by 74% to 1.19 Moz from 685 Koz in 2024, while oxide Measured and Indicated mineral resources jumped 128% and oxide Inferred resources rose 57%, including new estimates at the adjacent Standard Mine.
3. Enhanced Production Profile
The revised mine plan raises average annual production to 82 Koz over an eight-year operating life ending in 2033, up from 70 Koz, and adds two years of residual leach recovery, driving total payable gold to 685 Koz over life-of-mine.
4. Financial Impact and Cost Guidance
Florida Canyon’s life-of-mine plan is projected to deliver over $0.8 B in after-tax free cash flow, with average annual free cash flow of $90 M and an LOM AISC of $2,331/oz, alongside revised 2026 AISC guidance of $3,300–$3,500/oz.
