INTEGRA ANNOUNCES FIRST QUARTER PRODUCTION RESULTS FROM THE FLORIDA CANYON MINE AND STRENGTHENED BALANCE SHEET

Rhea-AI Summary

Integra Resources (NYSE: ITRG) reported Q1 2026 operational results and a stronger balance sheet. Florida Canyon mined 3.0M tonnes ore and 3.9M tonnes waste, hit a record 76,800 tpd mining rate, produced 12,635 oz gold (≈3,000 oz deferred), and reported $105.6M cash after a $61M bought deal.

The company reaffirmed 2026 guidance of 70,000–75,000 oz gold and plans to release full Q1 financials on May 11, 2026, with a May 12 conference call.

AI-generated analysis. Not financial advice.

Positive

• Record mining rate of 76,800 total tonnes per day
• $61M bought deal increased cash to $105.6M at March 31, 2026
• Commissioned six Cat 785 haul trucks to expand haulage capacity
• Reaffirmed 2026 production guidance of 70,000–75,000 ounces

Negative

• Q1 gold production of 12,635 oz included ~3,000 oz deferred due to reduced solution flow rates
• Reported gold recovery rate 59.9% in Q1 2026
• Capital-intensive quarter with ~$12M at Florida Canyon and ~$16.5M on DeLamar de‑risking

News Market Reaction – ITRG

-0.68%

1 alert

-0.68% News Effect

On the day this news was published, ITRG declined 0.68%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Gold produced: 12,635 oz Gold sold: 12,518 oz Total ore mined: 3,008 Kt +5 more

8 metrics

Gold produced 12,635 oz Florida Canyon, Q1 2026

Gold sold 12,518 oz Florida Canyon, Q1 2026

Total ore mined 3,008 Kt Florida Canyon, Q1 2026 ore mined

Waste mined 3,902 Kt Florida Canyon, Q1 2026 waste mined

Gold recovery rate 59.9% Florida Canyon, Q1 2026 processed ore

Bought deal financing $61 M Public offering raised in Q1 2026

Cash position $105,635 (000s) Cash and cash equivalents as of March 31, 2026

Capex Florida Canyon ≈$12 M Q1 2026 sustaining and non-sustaining capital

Market Reality Check

Price: $2.89 Vol: Volume 3,561,626 is 1.19x...

normal vol

$2.89 Last Close

Volume Volume 3,561,626 is 1.19x the 20-day average of 2,988,799, indicating elevated interest into the update. normal

Technical Shares at $3.02 are trading slightly below the 200-day MA of $3.04 and about 37.99% under the 52-week high.

Peers on Argus

Key peers in Other Precious Metals & Mining show modest gains (e.g., NEWP +3.91%...

2 Up 1 Down

Key peers in Other Precious Metals & Mining show modest gains (e.g., NEWP +3.91%, ASM +1.25%, MUX +0.86%), while the momentum scanner flags a mixed tape with both up and down movers, suggesting ITRG’s reaction is more stock-specific than a broad sector rotation.

Common Catalyst Some peers, such as ASM, also released Q1 2026 production results, pointing to a cluster of production updates across junior precious metals miners.

Historical Context

5 past events · Latest: Apr 14 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 14	Drill results update	Positive	+2.6%	Near-mine oxide gold drilling at Florida Canyon highlighting growth potential.
Apr 09	Drill program launch	Positive	+3.1%	Launch of 50,000-meter 2026 drilling program across key projects.
Mar 30	Incentive awards	Neutral	+0.4%	Granting of options, RSUs, and DSUs under equity incentive plan.
Mar 24	Earnings results	Positive	+0.0%	Q4 2025 and FY results with record adjusted earnings and solid production.
Mar 16	ETF inclusion	Positive	-2.1%	Addition to GDXJ Junior Gold Miners ETF following index rebalance.

Pattern Detected

Recent operational, drilling, and index-inclusion news has generally seen modest positive alignment, with occasional divergences on major corporate milestones.

Recent Company History

Over the past months, Integra reported multiple Florida Canyon drilling updates, a large 50,000‑meter 2026 drill program, and strong 2025 financial results with record adjusted earnings. The company was also added to the GDXJ ETF and granted annual incentive awards. These events, along with guidance for 70,000–75,000 oz in 2026, show a transition toward a growth‑oriented U.S. gold producer. Today’s Q1 2026 production and balance sheet update continues this theme of operational scaling and project advancement at Florida Canyon and DeLamar.

Market Pulse Summary

This announcement outlines record mining rates at Florida Canyon, Q1 2026 gold production of 12,635 ...

Analysis

This announcement outlines record mining rates at Florida Canyon, Q1 2026 gold production of 12,635 oz, and a strengthened balance sheet with $105,635 (000s) in cash, supported by a $61 M bought deal financing. It emphasizes continued investment in sustaining capital at Florida Canyon and pre‑production work at DeLamar. Investors may focus on how deferred ounces are recovered, the effectiveness of the expanded fleet, and upcoming detailed Q1 financials to assess margin trends alongside growth spending.

Key Terms

strip ratio, leach pads, gold recovery rate, bought deal public offering, +4 more

8 terms

strip ratio technical

"The Company mined 3.0 million ("M") tonnes of ore and 3.9 M tonnes of waste at a strip ratio of 1.30"

Strip ratio measures how much non-valuable material (waste) must be removed to access a given amount of mineral-bearing rock (ore) at a surface mine, expressed as a simple ratio like 3:1 meaning three units of waste per one unit of ore. Investors care because a higher strip ratio typically means higher extraction costs, larger equipment and disposal needs, and lower profit margins—think of peeling more rind to get the same amount of fruit, which affects project economics and cash flow.

leach pads technical

"Ore direct to leach pads | Kt | 1,074"

Leach pads are large, engineered flat areas lined to hold crushed ore while a chemical solution is sprayed or poured over it to dissolve and collect valuable metals, similar to how you might brew coffee by pouring water through grounds. They matter to investors because their design, operating costs, metal recovery rate and environmental controls directly affect a mining project's production, profitability and regulatory risk — problems or improvements there can change a mine's value.

gold recovery rate technical

"Gold recovery rate | % | 59.9 %"

The gold recovery rate is the percentage of gold actually extracted from mined rock during processing compared with the total gold present in that rock. It matters to investors because higher recovery means more sellable metal from the same amount of ore, boosting revenue and lowering unit costs, while a low recovery can shrink expected output and the economic value of a mine — like getting more juice from the same number of oranges.

bought deal public offering financial

"The Company raised $61 M through a bought deal public offering in Q1 2026"

A bought deal public offering is when one or more investment banks agree to buy all newly issued shares from a company up front and then resell them to investors, effectively guaranteeing the company will receive the agreed capital. For investors it matters because this approach provides fast, certain funding but increases the number of shares outstanding, which can dilute existing ownership and influence short-term share price; the deal’s price and demand also signal market appetite.

sustaining capital financial

"Approximately $12 M was allocated to sustaining and non-sustaining capital"

Sustaining capital is the ongoing spending a company must make to keep its existing assets, equipment and operations running at current levels — for example repairs, routine replacements and meeting safety or regulatory requirements. Investors care because these are recurring, non‑optional costs that reduce free cash flow available for dividends, debt repayment or growth; think of it as the routine maintenance you must pay to keep a car roadworthy rather than money spent to buy a new model.

non-sustaining capital financial

"Approximately $12 M was allocated to sustaining and non-sustaining capital"

Non-sustaining capital is spending on projects or assets that go beyond keeping current operations running—for example, building a new mine, expanding capacity, or developing a new site. Investors care because these costs are discretionary and often large and irregular, so they can temporarily reduce cash flow or earnings but may also drive future growth; think of it like choosing to buy a second car to expand a business rather than paying for routine repairs.

pre-production expenditures financial

"Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project"

Pre-production expenditures are the costs a company incurs before it begins full-scale manufacturing or commercial sales, such as design, prototypes, testing, tooling, permits and initial setup. Investors care because these outlays use cash and affect near-term profits, but they can also enable future revenue—think of them as the investment to build a restaurant kitchen before opening: necessary spending now that determines whether and how quickly the business can earn money later.

cash and cash equivalents financial

"Cash and cash equivalents | $000s | $105,635"

Cash and cash equivalents are the money a company has on hand plus very short-term, low-risk investments that can be quickly turned into cash, like bank deposits or government bills. Investors watch this figure because it shows a company’s immediate ability to pay bills, cover unexpected costs, and fund operations or growth — like a household’s checking account and emergency fund that keeps daily life running smoothly.

AI-generated analysis. Not financial advice.

TSXV: ITR; NYSE American: ITRG 
www.integraresources.com

VANCOUVER, BC, April 23, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to provide an interim operational update for the first quarter ended March 31, 2026 (the "first quarter 2026" or "Q1 2026") highlighting continued operational momentum, record mining rates, and a strengthened balance sheet.

The Company plans to release its first quarter 2026 financial results after market close on Monday May 11, 2026, followed by a conference call hosted by senior management on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time. 

(All amounts in United States ("U.S.") dollars as at March 31, 2026, unless otherwise stated.)

Q1 2026 Operational Highlights:

• The Company mined 3.0 million ("M") tonnes of ore and 3.9 M tonnes of waste at a strip ratio of 1.30 at the Florida Canyon Mine ("Florida Canyon" or the "Mine"). As a result, mining rates averaged 76,800 total tonnes per day ("tpd") which is a record for the Mine and its operations. 
• The Florida Canyon Mine produced 12,635 ounces of gold and sold 12,518 ounces of gold in the quarter.
• The Company commissioned six new Caterpillar 785 haul trucks during the quarter, materially enhancing mining capacity and supporting higher sustained mining rates going forward.
• The Company raised $61 M through a bought deal public offering in Q1 2026 significantly strengthening the Company's balance sheet and funding near-term growth initiatives at the DeLamar Project (the "DeLamar Project" or "DeLamar"). Net proceeds are expected to be used to commence pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project.

George Salamis, President, CEO and Director of Integra commented:

"The first quarter of 2026 marked a period of strong operational progress at Florida Canyon, with record mining rates and the successful ramp-up of our Phase IIIB leach pad. While gold production in the quarter reflects temporary constraints, the deferred ounces are expected to be recovered over the balance of the year. Importantly, with these gold ounces expected to be recovered over the balance of the year, we maintained our full-year production guidance, underscoring our confidence in the operation and the improvements we have made to the Mine. In parallel, we significantly strengthened our balance sheet through a $61 M financing and continued to invest in both sustaining capital at Florida Canyon and the advancement of DeLamar. We believe these investments position Integra for a stronger second half of 2026 and reinforce our strategy of building a sustainable, multi-asset gold producer."

Florida Canyon: Demonstrating Strong Operational Momentum with Record Mining Rates

		Three months ended March 31,
	Unit (1)	2026
Ore mined	Kt	3,008
Waste mined	Kt	3,902
Strip ratio	waste/ore	1.30
Ore direct to leach pads	Kt	1,074
Ore crushed	Kt	1,784
Total ore to leach pads	Kt	2,858
Processed grade	g/t Au	0.19
Gold recovery rate	%	59.9 %
Gold produced	Oz	12,635
Gold sold	Oz	12,518
Silver produced	Oz	11,622
Silver sold	Oz	11,466

(1)	Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce
(2)	Ore milled includes material from stockpiles and ore mined.

Florida Canyon produced 12,635 ounces of gold in the first quarter 2026, with approximately 3,000 ounces deferred due to temporarily reduced solution flow rates to a specific Phase II leach pad cell. The cell contains fine ore from the newly opened N2 pit, and a blending strategy has been developed to maintain nominal leach rates for this fine material. With this approach, together with the ramp up of the Phase IIIB leach pad, the Company expects to meet its annual gold production guidance of 70,000 to 75,000 ounces, with the majority of deferred first quarter ounces expected to be recovered through ongoing leaching over the remainder of 2026.

Mining activities at Florida Canyon during the first quarter 2026 increased significantly, achieving a record mining rate of 76,800 total tonnes per day and positioning the operation to deliver improved operational flexibility and production consistency in future quarters. This increase was driven by the addition of the six Caterpillar 785 haul trucks commissioned during the quarter, completing the expansion of the fleet since 2025 to include eight Caterpillar 785 haul trucks, one Caterpillar 992HL loader and one Hitachi EX3600 front shovel. With increased haulage capacity and an enhanced mining fleet, the operation is better equipped to manage the historical waste stripping inherited from prior operators.

The Company expects production to trend higher through the balance of 2026 as mining rates remain elevated and leach pad performance continues to normalize.

First Quarter 2026 Consolidated Financial Position: Strengthened Balance Sheet Supports Growth and Development Pipeline

Consolidated Financial Position	Unit (1)	March 31, 2026
Cash and cash equivalents	$000s	$105,635

(1)	Unit abbreviations: $000s = thousands of U.S. dollars

The Company significantly strengthened its cash position in Q1 2026, primarily driven by a $61 M bought deal public offering in February 2026 and positive operating earnings from Florida Canyon. Proceeds from the offering are being used to fund pre-production expenditures at the DeLamar Project and funded the acquisition of a strategic land position near the DeLamar Project in February 2026. This strengthened financial position provides Integra with the flexibility to continue optimizing Florida Canyon while advancing DeLamar without compromising balance sheet discipline.

The first quarter of 2026 continued to mark a capital-intensive period across the Company's portfolio of assets with several key activities during the quarter. These investments reflect a deliberate focus on de-risking the portfolio and positioning the Company for sustainable production growth:

• Florida Canyon: Approximately $12 M was allocated to sustaining and non-sustaining capital including capitalized waste stripping and initial cash payments on new mining equipment.
• DeLamar and Nevada North: Approximately $5 M was allocated towards project expenses such as engineering and permitting work.
• DeLamar pre-production and de-risking activities: Approximately $16.5 M was allocated towards de-risking activities, including a $3.4 M initial deposit to Idaho Power, and $12.5 M spent to acquire a strategic land position near the DeLamar Project.

The financial information presented above is preliminary in nature and subject to completion of the Company's quarter-end financial reporting process. Final unaudited financial results may differ from these amounts and will be reported as part of the Company's quarter-end financial statements. Complete financial results for the first quarter 2026 will be reported and filed on Integra's profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on Monday May 11, 2026.

First Quarter 2026 Conference Call

Integra will host a conference call and webcast on Tuesday May 12, 2026, at 11:00 AM Eastern Time / 8:00 AM Pacific Time, to discuss the first quarter 2026 results. Details for the conference call and webcast are included below.

Dial-In Numbers / Webcast:

Conference ID: 1860723
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/227670078

About Integra Resources Corp.

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

Qualified Person 

The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

Forward Looking Statements

Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward‐looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward‐looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company, the timing of the release of the Company's first quarter 2026 financial results and related conference call; expectations regarding gold production, recoveries and the timing of recovery of deferred ounces; anticipated benefits of completed and ongoing capital investments at the Florida Canyon Mine; expected performance of mining equipment; and anticipated improvements in productivity.

Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.

Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.

Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves

NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Integra Resources Corp.

FAQ

How much gold did Integra (ITRG) produce and sell in Q1 2026?

Integra produced 12,635 ounces of gold and sold 12,518 ounces in Q1 2026. According to the company, roughly 3,000 ounces were deferred due to reduced solution flow rates at a Phase II leach pad cell.

What caused the deferred gold ounces at Florida Canyon in Q1 2026 for ITRG?

Deferred ounces were caused by temporarily reduced solution flow rates to a Phase II leach pad cell containing fine N2 pit ore. According to the company, a blending strategy and Phase IIIB ramp-up are intended to recover those ounces.

How did Integra strengthen its balance sheet in Q1 2026 (ITRG)?

Integra completed a $61 million bought deal public offering, raising cash to $105.6 million at March 31, 2026. According to the company, proceeds fund DeLamar pre‑production and a strategic land acquisition.

What operational improvements did Integra report at Florida Canyon in Q1 2026?

The mine achieved a record 76,800 tpd mining rate and commissioned six new Cat 785 haul trucks. According to the company, these changes increase haulage capacity and operational flexibility.

Will Integra (ITRG) meet its 2026 gold production guidance after Q1 results?

The company reaffirmed full‑year guidance of 70,000–75,000 ounces for 2026. According to the company, deferred Q1 ounces are expected to be recovered through ongoing leaching over the remainder of 2026.

When will Integra release full Q1 2026 financial results and hold the conference call?

Integra will release full Q1 2026 financial results after market close on May 11, 2026 and host a conference call on May 12, 2026 at 11:00 AM ET. According to the company, the webcast and dial‑in details are provided for investors.