Integra Resources achieved its highest annual gold production in 21 years, driven by operational enhancements and a new heap leach pad. The company has also implemented a gold price protection program for 2025 to safeguard against potential market volatility.
Integra Resources achieved a record 72,229 ounces of gold production in 2024, the highest annual output in 21 years. This milestone production was driven by the successful implementation of several key initiatives at the Florida Canyon mine. The fourth quarter of 2024 saw a significant production surge of 21,278 ounces. The company attributed this success to the completion and commissioning of the new Phase III-A South Heap Leach Pad , along with enhancements to solution processing systems.
Integra's commitment to optimizing operations and maximizing gold extraction is evident in these strategic investments. To mitigate potential price fluctuations in the gold market, Integra has implemented a gold price protection program for its 2025 production at Florida Canyon. This program utilizes put options, effectively establishing a floor price for gold while allowing for upside potential if prices increase. The program encompasses 37,800 ounces of put options with a strike price of $2,400 per ounce, evenly distributed across the months of January to December 2025. This hedging strategy represents approximately 54% of the anticipated 2025 gold ounces sold from Florida Canyon. Florida Canyon boasts a long operational history, consistently producing gold since 1986.
Integra Resources Gold Production Florida Canyon Price Protection Heap Leach Pad
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