Integra Resources Corp.

Good morning, my name is Audra and I will be your conference operator today. At this time, I would like to welcome everyone to the Integra Resources fourth quarter and full year 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. I would like to turn the meeting over to Andre St. Germain, Chief Financial Officer. Please go ahead, Andre.

Thank you, Audra. I would like to welcome everyone to Integra's port quarter and full year 2025 operating and financial results conference call. Before we begin, I'd like to note that we will be making forward-looking statements during today's call. I will direct you to the second slide of the earnings presentation which contains important cautionary notes regarding these forward-looking statements. The cautionary notes can also be found on Integra's corporate website. Also note that all dollar amounts discussed today will refer to U.S. dollars, unless otherwise indicated. On the call today, I am joined by Integra's President, CEO, and Director, George Salamis. Chief Operating Officer Cliff LaFleur, Vice President Finance Sean Dessner, and our General Manager of the Florida Canyon Mine, Greg Robinson. Today, we are pleased to provide an operating and financial update for the fourth quarter and full year of 2025, followed by a live Q&A session. With that, I would like to hand the call over to George to kick off think-offs.

Okay, thanks Andre. So 2025 has indeed been a transformative year for Integra. I think everybody is aware of the tremendous transformation that we underwent when the company acquired the Florida Canyon mine in late 2024. The company transformed overnight from gold developer to gold producer in the United States. The primary goal of acquiring Florida Canyon was indeed to secure a consistent and reliable source of cash flow that would allow the company to advance its flagship development stage projects, Delamar and Nevada North. In the current gold price environment, Florida Canyon is generating significant cash flow, which has transformed the company's financial position and strengthened our ability to execute on our strategy. The company achieved many key milestones in 2025, and I'll just mention a few. So at Florida Canyon, we achieved record cash flows due to strong production levels and high gold prices. We also met production guidance after managing through several unplanned production impacts. We also achieved the integration of a new mining fleet and many other operational improvements at Florida Canyon. At Florida Canyon as well, we initiated the first major drilling program within the immediate mine area in many years, with results that will point to growth and increase mine life in the future. At Delamar, Cliff and his team delivered a positive and very robust study In addition to that, at Delamar in 2025, the mining operations are also completed by the Bureau of Management. Lastly, INTEGRA gained a shortened need timeline of just 15 months to a record of decision and a fast 41 federal approval. And also, lastly, led by Mark Stockton and his great team, we executed a relationship benefit agreement with the tribal nations in Idaho which is a first of its kind in the United States. Moving now to the corporate level, we strengthened the management team with the addition of a COO, VP permitting, and VP finance, some of whom are on the call today. Integra saw record share price performance, which resulted in our top 50 TSX Venture Performer Award in 2025. At the corporate level as well, year was highlighted by debt elimination from our balance sheet and the conversion of the bd convertible loan lastly we broaden the shareholder base to include a much larger and broader range of new institutional funds as owners of integra including large generalist funds in the united states and canada we are included on the siljay silver index in 2025 and lastly We experienced a marked increase in trading liquidity that has led us recently to the GDXJ ETF inclusion. I would like to add that I'm very proud of the entire team at Integra who have worked very hard at accomplishing this amazing transition and all of the other amazing related accomplishments in the space of just 12 months. What we achieved last year was phenomenal. As anticipated, Florida Canyon saw significant investments in 2025 across several ongoing initiatives to support a profitable mining operation for many years to come. This capital intensive phase of the long-term continuous improvement plan for Florida Canyon will continue into 2026. Major investments are underway in key areas, including a heat bleach pad expansion, increased capitalized waste stripping, revitalized mobile equipment fleet, process optimization, and enhance mine planning. The goal here is to sustain and grow Florida Canyon, extend its mine life, and address historical underinvestment. Integra is laying the foundation for a more efficient, longer-lived operation with an improved production and cost profile in the years to come. The company's ongoing work in Florida Canyon will be incorporated into an updated life of mine plan expected to be published in mid-2026. in which Integra aims to highlight the exciting future for this cornerstone asset. Florida Canyon's ability to generate cash flow has allowed the company to expedite and bolster initiatives at the Delamar project and advance mine permitting efforts on that project. The company's enhanced financial strength has also allowed for an increased 2025 budget for the Nevada North project to complete crucial test work to support future economic studies and permitting. That should be 2026. Integra is well positioned to deliver on its goal of profitability and project advancement while progressing its long term vision of building a US focused intermediate coal producer. Turning now to slide five, we have highlighted several metrics that underscore our key successes in 2025. Our first full year of operations. While there's still much work ahead of us, the mine currently is operating consistently and profitably, adding to Integra's cash balance to support the development and advancement of Delamar and Nevada North. We met production guidance in 2025 as Florida Canyon demonstrated consistent performance with a total of 70,927 ounces of gold produced at cash costs of $1,937 per ounce and mine all in sustaining costs of $2,693 per ounce. The average realized gold price during the year was $3,411 per ounce, allowing Integra to demonstrate its significant cash flow leverage to the gold spot price. Full year 2025 revenue was a record $243.9 million and operating cash flow generated from Florida Canyon was $72.3 million. During the year integrity deployed 52.4M dollars of sustaining and growth capital at Florida Canyon to support important initiatives, such as heat bleach pad expansions, fleet refurbishments, capitalized stripping and growth drilling. Full year 2025 adjusted earnings for the company was a record 47.3M dollars or 28 cents per share. Integra ended the quarter with a robust cash balance of 63.1M dollars, positioning us to execute on all major objectives. At Delamar 2025 was marked by significant milestones, including the signing of a relationship agreement with the Shoshone Paiute tribes of Duck Valley in August, the acceptance of our mine plan of operations by the BLM in September 2025 and last but not least ending the year with a very robust feasibility study at Delamar. We will provide further commentary on these important milestones later on in the call. Now I will hand the call over to our Chief Operating Officer, Cliff, to discuss the operating results for Florida Canyon in Q4 and full year 2025. Over to you, Cliff.