Mining Stock Daily Integra Resources Back Exploring at Florida Canyon
May 12, 2025
George Salamis, CEO of Integra Resources, shares insights on the company's promising drill program at Florida Canyon, focusing on resource expansion and extending the mine's life. He highlights the potential economic gains from historic materials and discusses the importance of the DeLamar project amidst positive regulatory changes in the U.S. Salamis also touches on Integra's recent inclusion in a silver ETF, noting its impact on market performance and investor interest, signaling a bright future for the company.
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Unlocking Low-Grade Dump Potential
- The Florida Canyon mine has significant low-grade dump material that wasn't economical to process 10-15 years ago.
- Higher gold prices now make this material viable for leaching and potential resource expansion.
Exploring Pit Connectivity
- Drilling targets the ridges and saddles between smaller pits to test ore continuity.
- Success could mean merging small pits into larger, more economical mining areas.
High-Value Resource Expansion
- Adding 200,000 ounces to the mine plan could generate $200 million in future cash flow.
- A small investment in drilling could yield a highly profitable increase in mine life and value.