Integra Resources Corp.

Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Integra Resources first quarter 2025 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. We kindly ask that you please limit your questions to one and one follow-up. I would now like to turn the meeting over to Jason Banducci, Vice President, Corporate Development and Investor Relations. Please go ahead, Mr. Banducci.

Thank you, operator. I would also like to welcome everyone to Integra's first quarter 2025 operating and financial results conference call. Before we begin, I would like to note that we will be making forward looking statements during today's call. I will direct you to the second slide of this presentation, which contains important cautionary notes regarding these forward looking statements. The cautionary notes can also be found on Integra's corporate website. All dollar amounts discussed today will refer to US dollars unless otherwise indicated. On the call today, I'm joined by INTEGRA's President, CEO, and Director, George Salamis, Chief Operating Officer, Cliff LaFleur, Chief Financial Officer, Andre St. Germain, Vice President, Finance, Don Deisner, Vice President, Permitting, Dale Kerner, and General Manager of the Florida Canyon Mine, Greg Robinson. Today, we are pleased to provide an operating and financial update for the first quarter of 2025, followed by a Q&A session. With that, I would like to hand the call over to George to kick things off.

Okay. Thanks, Jason. In November 2024, Integra transformed from a development stage company into a U.S. gold producer through the acquisition of the Florida Canyon Mine. And in Q1 2025, Integra completed its first full quarter as a producing company. Today marks a real milestone for us, and we believe that Integra is now positioned better than ever with Florida Canyon delivering consistent production and cash flow to advance our two heat bleach projects, Delamar and Nevada North. Our strategy is quite simple. Operate efficiently, develop responsibly, allocate capital wisely, and grow the business organically and through tactical M&A. We're building a modern growth-focused gold company in the heart of the Great Basin. Turning to slide five, we have highlighted some metrics that underscore our key successes in the first quarter of 2025. The major takeaway from Q1 is that Florida Canyon is doing its job and performing as expected. While there is still a lot of work ahead of us, the mine is currently operating consistently and profitably, adding to Integra's cash balance to support the development and advancement of Delamar and Nevada North. In the first quarter, Florida Canyon demonstrated consistent performance with total production of 19,323 ounces of gold at site level, all in sustaining costs of $2,342 per ounce, versus the average realized gold price during the quarter of $2,888 per ounce, allowing Integra to exhibit significant leverage to the gold price. During the first quarter, operating cash flow was $16.1 million. leading to a cash balance at the end of the quarter of $61.1 million. This marks the strongest ever financial position for the company, well positioning Integra to execute on all of our major objectives for the remainder of 2025 and beyond without having to return to the market for financing. During the quarter, we're also very busy advancing our flagship development stage Delamar project. At the end of March, we submitted the updated and refined mine plan of operations to the BLM and made significant progress on the ongoing feasibility study during the quarter, which our newly appointed COO Cliff LaFleur will touch on later on in this call. From a corporate perspective, we added three highly skilled executives to the company, each of whom will be instrumental in helping Integra execute on its strategy of becoming a mid-tier coal producer. So just to touch on some of these leadership additions. So during Q1, we welcomed Cliff LaFleur as Chief Operating Officer, as I mentioned. Cliff played a key role in the growth and success at Silvercrest Metals, ultimately leading to the company's recent $1.7 billion sale to core mining. Cliff will be instrumental for Integra as we look to optimize Florida Canyon and significantly advance Delamar and Nevada North. Also joining us from Silvercrest is Sean Dysner. who's been appointed as our vice president finance. Sean is a chartered professional accountant with over 15 years of experience in the mining industry, specializing in financial reporting, corporate finance and strategic leadership. Lastly, we appointed Dale Kerner as VP of Permitting, who brings deep experience from Perpetua's Stidnight project, one of the few major gold projects in the US to receive a final record of decision in recent years. These three appointments reflect our commitment to operational excellence and permitting success as we build a leading U.S. gold producer. I will now hand the call over to Greg Robinson, General Manager of Florida Canyon, to provide an operational overview from Q1.