Florida Canyon Acquisition Propels Integra Stock 182%With Cash Flow in Focus

Integra Resources is transforming from explorer to producer, and markets are responding. After acquiring the Florida Canyon gold mine in Nevada for $95 million, Integra’s stock has surged 182% year-over-year, hitting all-time highs as the company unlocks real cash flow and near-term growth.

At the 2025 Precious Metals Summit in Beaver Creek, CEO George Salamis tells Kitco Mining that the company is finally drilling aggressively at the mine site—up to 16,000 meters planned by year-end—as it works to extend mine life and drive optimization at Florida Canyon. A new feasibility study is already underway.

In Idaho, Integra continues advancing its flagship DeLamar project, with a feasibility study due by year-end and NEPA permitting about to begin. The company still targets a production run rate of 120,000 to 140,000 ounces per year, with potential to expand mine life by incorporating stockpile material.

Salamis also hinted at more M&A ahead: “Our preference would be to acquire more production between now and when DeLamar comes online.” With Florida Canyon now delivering cash, Integra is positioned to scale aggressively across the Great Basin.

Stay tuned to Kitco Mining for more coverage from the 2025 Precious Metals Summit in Beaver Creek.

00:26 Integra Resources' Strategic Pivot
00:40 Financial Performance and Market Impact
01:06 Challenges and Strategic Decisions
02:16 Capital Allocation and Investment
03:35 Exploration and Synergies in Nevada
04:33 Trends in the Gold Space
06:44 Project Updates and Permitting
10:35 Future Plans and Growth Opportunities
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