Canada's Integra Resources Q2 revenue rises on higher gold prices

Integra Resources

11/08/2026 22:35

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

Outlook
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

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

Company press release: ID:nCNWJS6TPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$70.80 mln
 
Q2 Adjusted EPS
 
$0.06
 
Q2 Adjusted Net Income
 
$13.10 mln
 
Q2 Net Income
 
$12 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$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

Reuters Recommended Reads
Aug 10 - Caledonia Mining's Q2 revenue rises 16% on higher gold prices
Aug 10 - Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026
Aug 10 - Canada's K92 Mining Q2 profit jumps 116% on mine expansion, infrastructure upgrades

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)