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Integra Resources Corp.
5/12/2026
Good morning. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to the Integra Resources Q1 2026 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 that time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. Thank you. I would now like to turn the meeting over to Andre St. Germain, Chief Financial Officer. Please go ahead, Andre.
Thank you, operator. I would like to welcome everyone to INTEGRA's 2026 First Quarter 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 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. All dollar amounts discussed today will refer to US 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 Desner, Vice President, Permitting, Gail Turner, and General Manager for the Florida Canyon Mine, Greg Robinson. Today, we are pleased to provide an operating and financial update for the first quarter of 2026, followed by a live Q&A session. With that, I would like to hand the call over to George to kick things off.
Thank you, Andre. Our 2026 plan prioritizes mine site operational safety, reliability, maintenance discipline, and targeted reinvestment to strengthen the mining operation, extending my life with the goal of conducting investment, position Florida Canyon as a sustainable, high-quality producing gold mine, rather than simply a transitional one. While these initiatives, including elevated catch-up legacy stripping and infrastructure upgrades, result in higher near-term sustaining costs, they are also designed to support higher production levels and improve cost performance in 2027 and 2028, while we built on a treasury designed to fund and support growth at Delamar and Nevada North, our two primary growth projects. Our sequencing strategy at Florida Canyon is focused on maximizing predictable cash flow. preserving balance sheet flexibility, and supporting the advancement of Delamar from a position of strength. Investments in safety systems, water source security, Polish fleet reliability, leach pad planning, and other initiatives at the site level reflect a deliberate approach to reducing operational risk and stabilizing the mine site operations before pursuing accelerated growth in the coming years. In parallel, Large-scale exploration and technical optimization programs are aimed at organically growing gold ounces around existing infrastructure and enhancing long-term asset value at all of our mining assets. Integra's strategy remains centered on building a durable U.S.-focused gold producer. Turning now to slide five, we've highlighted several metrics that underscore Q1 2026 results. Q1 was underpinned by the company's strong financial position with $105.8 million in cash and working capital of $139.7 million. While gold production in the quarter reflects temporary constraints, the deferred gold ounces are expected to be recovered over the balance of the year. Importantly, with these gold ounces expected to be recovered over the balance of the year, we have maintained our full-year gold production guidance underscoring our confidence in the operation and the improvements that we have made to the mine. In parallel, we have significantly strengthened our balance sheet through a $61 million financing focused on growth and de-risking at Delamar while we continue to invest in sustaining capital at Florida Canyon. We believe these investments position Integra for a stronger second half of 2026 and reinforce our strategy of building a sustainable multi-asset coal producer in the United States. Now, I will hand the call over to our COO, Cliff, to discuss the Q1 2026 operating results for Florida Canyon.
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