en.Wedoany.com Reported - Integra Resources Corp. (ITR:TSX.V; ITRG:NYSEAMERICAN) has appointed Ausenco Engineering USA South Inc. as the lead engineering partner for detailed engineering activities at its DeLamar Project in southwestern Idaho, and has engaged SLR Consulting to provide expertise in heap leach engineering, metallurgy, and mine planning for the project. The company operates three projects in Nevada and Idaho, with the Florida Canyon mine currently in production and generating cash flow, while the DeLamar Project has completed a feasibility study and is entering the engineering and construction phase.
The feasibility study shows an internal rate of return of 46% for the DeLamar Project at a gold price of $3,000 per ounce, with a payback period of 1.8 years and a capital expenditure of $389 million. The project's permitting timeline was published on the FAST-41 project dashboard on January 13, 2026.
As of March 31, 2026, the company held a cash and cash equivalents balance of $105.8 million, an increase of $42.7 million from $63.1 million on December 31, 2025. In the first quarter of 2026, mining activities at the Florida Canyon mine reached a record total daily extraction of 76,800 tons, benefiting from six Caterpillar 785 haul trucks put into operation during the quarter, as well as a fleet expansion completed since 2025, including eight Caterpillar 785 haul trucks, one Caterpillar 992HL loader, and one Hitachi EX3600 front shovel. In March, the company announced the launch of a 50,000-meter drilling program, the largest gold exploration campaign in its history. Since March 20, 2026, Integra has been included in the VanEck Junior Gold Miners exchange-traded fund.
The company holds approximately 7.1 million ounces of proven and indicated resources across its project portfolio in Nevada and Idaho. At a share price of $2.58, the company's market capitalization is $521.2 million, and after subtracting $100 million in cash, its gold resource value underground is approximately $60 per ounce.
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