Video News/Precious Metals Summit 2025

Integra Resources (TSXV: ITR; NYSE American: ITRG) CEO George Salamis sat down with Kitco Mining at the 2025 Precious Metals Summit in Beaver Creek to discuss the company’s transformation into a cash-flowing gold producer. Integra’s $95 million acquisition of the Florida Canyon mine in Nevada this summer has propelled its share price to all-time highs, up 68% in the past month and 182% over the past year. Salamis said the focus now is on putting cash flow from Florida Canyon to work. “For the first time in many years, the mine site proper is seeing something that looks like 15,000, 16,000 meters of drilling to be done between now and the end of the year,” Salamis said, noting the goal of extending mine life and optimization. A new feasibility study is also planned for Florida Canyon. In Idaho, Integra expects to deliver a feasibility study for its flagship DeLamar project by year-end and begin the NEPA permitting process. “We’re still aiming for 120,000 to 140,000 ounces a year as a run rate,” Salamis explained, with mine life likely extended by incorporating stockpile material. Looking ahead, Salamis highlighted growth opportunities across the Great Basin. “Our preference would be to acquire more production between now and the time DeLamar comes online… it’d be nice to squeeze in another acquisition.”