Integra Announced Record Gold Output from Florida Canyon Mine
Gold | 2025-01-23 11:40:05
The company reported excellent financial position by ending the year with approximately $52 million in cash.
By Paul Ploumis
SEATTLE (Scrap Monster): Integra Resources Corporation reported record production numbers from the Florida Canyon Mine in Nevada for the fourth quarter and the entire year 2024. Additionally, the business said that it will be implementing a program to protect the price of gold for mine production in 2025.
In 2024, the business reported that Florida Canyon produced a record 72,229 ounces of gold. The mine's total output hasn't been this high in 21 years. On a number of important operating and production measures, the whole year's production either matched or above previously announced guidance. According to a corporate news release, improvements to solution processing technologies and the building and commissioning of the new Phase III-A of the South Heap Leach Pad were responsible for the high annual production.
The company reported excellent financial position by ending the year with approximately $52 million in cash.
The Q4 gold production from Florida Canyon was 21,278 gold ounces.
"The company is happy to establish a price protection program for production during the current year, aiming to effectively secure downside price protection while maintaining full exposure to upside price, by means of effective utilization of put options," said George Salamis, President, CEO, and Director of Integra.
