Canada's Integra Resources Q1 revenue rises on higher gold prices

Integra Resources

11/05/2026 22:37

Overview

Canada-based gold miner's Q1 revenue rose yr/yr on higher realized gold prices

Adjusted EPS for Q1 increased to $0.07 from $0.03 a year earlier

Company raised $57.5 mln in equity financing, strengthening its balance sheet

Outlook

Integra maintains 2026 gold production guidance of 70,000 to 75,000 ounces

Company expects cash costs to remain elevated due to higher royalties and diesel prices

Integra expects permitting milestones for DeLamar and Nevada North projects in late 2026 and early 2027

Result Drivers

HIGHER GOLD PRICES - Revenue and mine operating earnings benefited from record average realized gold prices, offsetting lower gold production and sales

RECORD MINING RATES - Increased mining rates at Florida Canyon, enabled by new haul trucks and fleet expansion, improved operational flexibility

ELEVATED COSTS - Cash costs and all-in sustaining costs rose above guidance due to lower gold ounces sold, higher royalties and excise taxes from higher metal prices, and increased diesel prices

Company press release: ID:nPn3jvb59a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$61.70 mln
Q1 Adjusted EPS
$0.07
Q1 EPS
$0.06
Q1 Adjusted Net Income
$12.90 mln
Q1 Net Income
$12.50 mln


Analyst Coverage

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$9.00, about 126.7% above its May 8 closing price of C$3.97

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)