IRV Company Report

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Research analysts covering IRV.

Recent press releases and 8-K filings for IRV.

Integra Resources Announces Robust Feasibility Study Results for DeLamar Heap Leach Project

IRV

New Projects/Investments

The 2025 Feasibility Study for the DeLamar Heap Leach Project, published on December 17, 2025, confirms robust economics with an after-tax Net Present Value (NPV) of $774 million and an after-tax Internal Rate of Return (IRR) of 46% at base case metal prices of $3,000 gold and $35 silver, with a rapid payback period of 1.8 years.
The project's total capital is approximately $750 million, including $389 million for pre-production, and it boasts a low all-in sustaining cost (AISC) of $1,142 per gold ounce sold.
The study outlines a 10-year mine life with average annual production of 119,000 gold equivalent ounces during the first five years, and life of mine payable metals of 910,000 ounces of gold and 17.4 million ounces of silver.
Integra Resources plans to provide guidance on the permitting timeline in Q1 2026, with expectations for a significantly shorter NEPA timeline than previous estimates of 2-3 years due to supportive political and regulatory administration.
The project retains substantial long-term upside, including over 2.4 million ounces of gold equivalent in sulfide mineral resources not included in the current economic analysis, and numerous near-mine and regional exploration targets.

Dec 18, 2025, 4:00 PM

Integra Resources Announces Positive DeLamar Heap Leach Project Feasibility Study Results

IRV

New Projects/Investments

Guidance Update

The DeLamar Heap Leach Project by Integra Resources (IRV) has released its 2025 Feasibility Study Results, demonstrating robust economics for a low-cost, large-scale open pit oxide heap leach operation.
Key base case financial highlights include an After-Tax NPV5% of $774M, an After-Tax IRR of 46%, and an initial capital cost of $389M, with a payback period of 1.8 years.
The study projects a 10-year mine life with an average life-of-mine (LOM) gold equivalent (AuEq) production of 106 koz and all-in sustaining costs (AISC) of $1,480/oz AuEq.
Compared to the 2022 Pre-Feasibility Study, the After-Tax NPV5% significantly improved from US$314M to US$774M and the IRR increased from 33% to 46%, reflecting a simplified and de-risked project strategy.

Dec 18, 2025, 4:00 PM

Integra Resources Announces Robust DeLamar Project 2025 Feasibility Study Results

IRV

New Projects/Investments

Guidance Update

Integra Resources' 2025 Feasibility Study for the DeLamar Heap Leach Project reports robust economics, including an after-tax NPV of $774 million and an after-tax IRR of 46% at base case metal prices ($3,000 gold, $35 silver), with a payback period of 1.8 years. At current spot prices, the NPV increases to approximately $1.7 billion and IRR approaches 90%.
The study outlines a simplified and de-risked project, focusing on an oxide-only development case with a two-heap leach configuration, eliminating a mill for sulfides and tailings, and reducing the overall footprint.
The project is projected to produce 1.1 million ounces of gold equivalent over its life of mine, with an average of 119,000 gold equivalent ounces annually for the first five years. The total capital expenditure is approximately $750 million, and the all-in sustaining cost is estimated at $1,142 per gold ounce sold.
Integra Resources plans to provide guidance on the permitting timeline in Q1 2026, anticipating a significantly shorter NEPA timeline than the previous 2-3 year estimate.

Dec 18, 2025, 4:00 PM

Integra Resources Announces DeLamar Project 2025 Feasibility Study Results

IRV

New Projects/Investments

Guidance Update

The 2025 Feasibility Study for the DeLamar Heap Leach Project confirms robust economics, with an after-tax NPV of $774 million and an IRR of 46% at base case metal prices ($3,000 gold, $35 silver), and a rapid payback of 1.8 years.
The project, located in southwestern Idaho, is an oxide-only heap leach operation with a total capital cost of approximately $750 million and an all-in sustaining cost of $1,142 per gold ounce sold.
The mine plan anticipates an average annual production of 119,000 gold equivalent ounces for the first five years. Integra Resources expects to provide guidance on the permitting timeline in Q1 2026, anticipating a significantly shorter NEPA process.

Dec 18, 2025, 4:00 PM

Integra Resources Reports Record Q3 2025 Financial Results and Advances DeLamar Project

IRV

Earnings

Guidance Update

New Projects/Investments

Integra Resources achieved record revenue of $70.1 million, adjusted net earnings of $16.3 million ($0.10 per share), and operating cash flow of $35.6 million in Q3 2025.
Gold production for Q3 2025 was 20,653 ounces at a mine-site All-in Sustaining Cost (AISC) of $2,647/oz sold.
The company remains on track to meet its 2025 gold production guidance of 70,000 - 75,000 ounces, with mine-site AISC anticipated to be slightly above guidance due to increased royalties from higher gold prices.
A significant milestone was reached for the DeLamar Project with the acceptance of its Mine Plan of Operations (MPO), and the Feasibility Study for the project is expected in Q4 2025.