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Integra Resources Corp ITRG


Primary Symbol: V.ITR Alternate Symbol(s):  V.ITR.WT

Integra Resources Corp. is a precious metals producer in the Great Basin of the Western United States. Its principal operating asset is the Florida Canyon Mine, located in Nevada. In addition, it is engaged in advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. The Florida Canyon Mine is located about 125 miles east of Reno Nevada, and immediately south of Interstate 80. The mine produces gold by conventional hard rock open pit mining with processing by two-stage crushing and Run of Mine (ROM) heap leaching. The DeLamar Project is a gold and silver mining development project located in Owyhee County in southwest Idaho. The Nevada North Project includes the Wildcat and Mountain View deposits in northwestern Nevada. The Wildcat Deposit is a resource stage gold-silver deposit. The Mountain View Deposit is located within the Deephole mining district in Nevada.


TSXV:ITR - Post by User

Comment by Tim2Agamion Jul 29, 2024 11:17am
154 Views
Post# 36152651

RE:Florida Canyon

RE:Florida Canyon

The payment was only "95 million" on a good day for the shares of ITR (and it's not one of those days as it fades back to its normal multi year trend line from its price, which has been pumped since March), but really it's 0.467 of a common share of Integra for each share of FCGI, and thus a variable "implied" price.

The Exchange Ratio implies consideration of C$0.69 per FCGI Share based on the closing market price of the Integra Shares on the TSX Venture Exchange on July 26, 2024 (i.e $1.49 then; currently, 29 July 2024, $1.23, down 14% and continuing to fall) or total consideration of approximately C$95 million(a no longer viable "implication")

AISC of Florida Canada is projected in its "guidance" at   $2,350 –  $2,450

Given that this average is greater than the price of gold at $2380, there is not much "cash flow" to be had from that.
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