Integra Resources Q2 2026 Earnings Report

Integra Resources EPS Results

• Actual EPS: $0.06
• Consensus EPS: $0.07
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: N/A

Integra Resources Revenue Results

• Actual Revenue: $69.42 million
• Expected Revenue: $82.69 million
• Beat/Miss: Missed by -$13.28 million
• YoY Revenue Growth: N/A

Integra Resources Announcement Details

• Quarter: Q2 2026
• Date: 8/11/2026
• Time: Before Market Opens
• Conference Call Date: Wednesday, August 12, 2026
• Conference Call Time: 10:00AM ET

Integra Resources (NYSEAMERICAN:ITRG) is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar. The project area includes two past-producing sites—DeLamar and Florida Mountain—as well as the adjacent Lena Trend, where recent exploration has intersected high-grade zones of oxide and sulphide mineralization. The company’s technical team applies modern geophysical, geochemical and drilling techniques to target shallow, heap-leach amenable ore bodies with potential for low-cost extraction.

Headquartered in Vancouver, British Columbia, Integra Resources serves the U.S. mining sector through its operations in Idaho and maintains active engagement with local and regional regulatory bodies. The company is led by President and Chief Executive Officer Stephen R. Pollard, a professional geologist with extensive experience in mine development and resource evaluation. Under his guidance, Integra’s board and management team—comprising specialists in corporate finance, engineering and exploration—are working to advance the DeLamar Project toward a feasibility study and a potential production decision.

Integra Resources Q2 2026 Earnings Call Transcript

Key Takeaways

• Positive Sentiment: Florida Canyon’s updated mine plan materially improved its outlook: Proven and probable reserves rose 74% to nearly 1.2 million ounces, active mine life extended to eight years plus residual leaching, and average annual production increased 17% to approximately 82,000 ounces. The plan forecasts about $770 million of after-tax free cash flow and a $600 million after-tax NPV.
• Positive Sentiment: Florida Canyon delivered record quarterly throughput of 87,867 tons per day, driving a 30% quarter-over-quarter increase in gold production to 16,379 ounces. Management maintained 2026 production guidance of 70,000–75,000 ounces, supported by a 45% increase in ore placed on the heap leach pads.
• Positive Sentiment: Integra reported its strongest financial position to date, with $111.1 million in cash, $146.5 million in working capital, and no debt apart from mobile-equipment financing. Second-quarter operating cash flow increased 40% year over year to $22.8 million, while free cash flow rose to $9.3 million from $2.1 million.
• Negative Sentiment: 2026 cost and capital guidance was increased: mine-site AISC is now expected at $3,300–$3,500 per ounce, cash costs at $2,300–$2,500 per ounce, and non-sustaining growth capital at $16.5 million–$18.5 million. Higher royalties and excise taxes, diesel and explosives costs, increased mining activity, and lower first-half ounces sold contributed to the revisions.
• Neutral Sentiment: DeLamar’s federal permitting process is underway, with the company targeting a final environmental impact statement and record of decision in the second half of 2027. Integra has begun detailed engineering, long-lead procurement, and site-repair work, while exploration drilling at Nevada North is scheduled to begin in August 2026.

Presentation

[Operator]

Good morning. My name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to the Integra Resources second quarter 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 this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank you. I would now like to turn the meeting over to Josh Serfass, Vice President, Investor Relations. Please go ahead, Josh.

[Josh Serfass, VP of Investor Relations at Integra Resources]

Thank you, Rob. I would like to welcome everyone to Integra's 2026 second 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 be found on Integra's corporate website. Please note, all dollar amounts discussed today will refer to USD unless otherwise indicated. On the call today, I am joined by Integra's President, CEO, and Director, George Salamis, Chief Operating Officer, Cliff Lafleur, Chief Financial Officer, Andrée St-Germain, Vice President, Finance, Sean Deissner, Vice President, Permitting, Dale Kerner, and General Manager of the Florida Canyon Mine, Greg Robinson.

[Josh Serfass, VP of Investor Relations at Integra Resources]

Today, we are pleased to provide an operating and financial update for the second 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.

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Josh. Q2 was pivotal for the company. Florida Canyon remains the cash generator for Integra and the updated technical report and life of mine released in June demonstrates a bright future for Florida Canyon. The updated life of mine plan highlighted a longer mine life, higher annual production, and strong free cash flow generation. Nearly two years of operating experience have enabled us to develop a more realistic, stable, and executable mine plan that reflects the operating realities of the mine. The updated plan increases average annual gold production by 17% while providing a more consistent production profile over an eight-year mine life. Finally, strategic investments in fleet modernization and expanded heap leach capacity position Florida Canyon for sustainable long-term growth, lower operating costs, and continued value creation. DeLamar continues to advance through the federal permitting process under the National Environmental Policy Act.

[George Salamis, President, CEO, and Director at Integra Resources]

With the public scoping period now complete and the Bureau of Land Management currently reviewing comments received on the project. In parallel, the company continues to advance detailed engineering and planning at DeLamar to prepare for future development. State of good repair initiatives are also underway on site, including test mining, crushing optimization, truck shop repairs, general site preparation, and other low-risk activities that will in fact shorten the development timeline and reduce execution risk at DeLamar in the future. With the improved exploration plan of operations received at Wildcat, exploration drilling is expected to start soon as we work on advanced economic studies. Now, turning to slide five, I'll walk through our second quarter financial highlights before handing the call off to Cliff to cover Florida Canyon's operating results.

[George Salamis, President, CEO, and Director at Integra Resources]

Q2 was highlighted by a strong financial position with $111.1 million in cash and working capital of $146.5 million. Operationally, the quarter was marked by record throughput of 87,867 total tons per day at Florida Canyon, resulting in a 30% increase in gold production quarter-over-quarter. Florida Canyon produced 16,379 oz of gold in the quarter, generated revenue of $70.8 million, and operating cash flow of $22.8 million. The 45% increase in ore placed on the heap leach pads in Q2 has created a large inventory of recoverable gold ounces that supports increased production over the balance of the year. This has led the company to maintain its annual gold production guidance of 70,000 oz-75,000 oz of gold this year. With that, I will hand the call over to our COO, Cliff, to discuss the second quarter operating results for Florida Canyon.

[Cliff Lafleur, COO at Integra Resources]

Thanks, George. Turning to slide six, we've outlined the key operating metrics for Florida Canyon in the second quarter of 2026. The second quarter showed strong operating results at Florida Canyon with a record mining rate of 87,867 total tons per day, achieved through the integration of new mining equipment into our existing mining fleet and shorter haul distances. In Q2 2026, the company mined 4.4 million tons of ore and 3.6 million tons of waste at a strip ratio of 0.81 for the quarter. Average gold recovery was 57.8% in the quarter, in line with expectations. Florida Canyon produced 16,379 oz of gold in the quarter and sold 15,794 oz.

[Cliff Lafleur, COO at Integra Resources]

Q2 2026 mine site AISC came in at $3,371 per oz sold at the lower end of our revised guidance range, reflecting increased rates of mining, hauling and stacking, cost pressures related to royalties and excise taxes from stronger than anticipated gold prices, and higher diesel and explosive costs. Cash costs averaged $2,495 per oz sold for the quarter. During the quarter, we invested $13.5 million in sustaining capital that reflects the company's continued reinvestment strategy at Florida Canyon. Spending year to date includes new equipment leases, capital stripping, and mobile equipment refurbishments. The company expects investments in sustaining capital expenditures to continue into the third quarter. The company also invested $0.8 million in non-sustaining capital this quarter.

[Cliff Lafleur, COO at Integra Resources]

The non-sustaining capital spent this year was primarily directed toward equipment leases for the expanded fleet, engineering and permitting work on phase 3C leach pad facility, and growth-focused drilling programs at the Florida Canyon Mine. Importantly, in the quarter, we released the results of our updated technical report and life of mine plan for Florida Canyon, which demonstrated a materially enhanced operation, highlighting a substantial increase in mineral reserves, an eight-year mine life, an increased annual production profile, lower operating costs, $600 million after-tax net present value, and approximately $770 million in after-tax free cash flow over the life of the mine. I will hand the call back to George to discuss the updated life of mine plan at Florida Canyon.

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Cliff. When Integra acquired Florida Canyon in 2024 for approximately $68 million, we saw a producing mine with significant upside, but also with limited remaining mine life and a relatively flat production profile. We have studied and learned a lot about the mine in the last 18 months of ownership. The updated technical report and life of mine plan has been greatly informed by what we have learned about this mine thus far. In short, in less than two years since the acquisition of Florida Canyon, we have transformed the operation into a materially different mine. The technical report shows that Florida Canyon will generate more than 11x the original acquisition cost of $68 million in after-tax free cash flow. Despite mining depletion, proven and probable reserves have increased by 74%, from approximately 685,000 oz of gold to nearly 1.2 million oz of gold.

[George Salamis, President, CEO, and Director at Integra Resources]

In addition, the mineral resource estimate has increased 128% in the oxide M&I category and 57% in the oxide inferred category. Mine life has been extended by three years and now has a total active mine life of eight years +2 years of residual leaching. The annual gold production has increased by approximately 17%, from roughly 70,000 oz- 82,000 oz of gold per year. This transformation reflects extensive drilling, geological refinement, engineering work, and operational improvements completed since the acquisition. The updated technical report demonstrates a substantially improved operation. Here are the highlights. Approximately $770 million in after-tax free cash flow over the life of mine. This cash flow will be used to self-support Florida Canyon and fund growth elsewhere in the company. After-tax NPV of approximately $600 million using base case metal prices. Eight years of active mining with two years of residual leaching.

[George Salamis, President, CEO, and Director at Integra Resources]

Total payable gold production of 685,000 oz of gold. Life of mine AISC of approximately $2,331 per oz. Importantly, these economics are supported by a mine plan that we believe is both executable and sustainable moving forward. This graph demonstrates Florida Canyon's strong after-tax free cash flow, which averages $90 million per year for total life of mine cumulative after-tax free cash flow of approximately $770 million. This robust cash flow profile allows for the expansion highlighted in the updated life of mine plan at Florida Canyon to be self-funded while supporting the DeLamar and Nevada North development project pipeline. Based on current estimates, we anticipate funding a portion of the DeLamar project pre-production capital expenditures with cash generated from Florida Canyon. Now I will hand the call back to Cliff to discuss our second quarter highlights at the DeLamar project.

[Cliff Lafleur, COO at Integra Resources]

Thank you, George. Turning to slide 10, DeLamar continues to advance through permitting towards a final environmental impact statement and record of decision in the second half of 2027. On May 29th, 2026, the U.S. Bureau of Land Management published the Notice of Intent for DeLamar in the Federal Register, initiating the National Environmental Policy Act review process, a formal start of federal permitting. The associated public scoping and stakeholder engagement process concluded on June 29th, 2026, and the Bureau of Land Management is reviewing comments received. In the second quarter of 2026, we also announced that we engaged Ausenco to lead detailed engineering and procurement for the project. This work has begun and will continue through the first quarter of 2027, with long lead procurement activities beginning in the second half of this year and continuing through 2027.

[Cliff Lafleur, COO at Integra Resources]

On the ground at DeLamar, the company has begun state of good repair work, which is focused on updating and de-risking existing infrastructure and optimization projects, like truck shop refurbishment, communications infrastructure installation, and crush optimization analysis. We are also pleased to have entered into an agreement with the Shoshone-Paiute Tribes to collaboratively design and implement processes and initiatives that address their respective interests in the DeLamar project. During the quarter, the company also advanced the Nevada North project, which consists of the Wildcat deposit and the Mountain View deposit. Decision record documentation for the Wildcat Exploration Plan of Operations was complete as of April 9th, 2026, and the reclamation permit for Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation was received on April 20th, 2026, with an effective date of May 5th, 2026.

[Cliff Lafleur, COO at Integra Resources]

The Wildcat Exploration Plan of Operations will provide greater flexibility for significantly expanded exploration and hydrogeological drilling campaigns. Exploration drilling is scheduled to initiate in August 2026. I'll now pass the call to our CFO, Andrée, to provide an overview of the second quarter financial results.

[Andrée St-Germain, CFO at Integra Resources]

Thanks, Cliff. Integra closed the second quarter of 2026 with its strongest financial position to date, with a cash balance of $111.1 million and working capital of $146.5 million. With the exception of mobile equipment financing, the company has been debt-free since December 2025. The company reported Q2 2026 revenue of $70.8 million with a cost of sales of $47.4 million, resulting in $23.4 million in mine operating earnings. This represents a 33% operating profit margin for the quarter. Operating cash flows of $22.8 million, or $0.11 per share in Q2 2026, which is a 40% increase compared to $16.3 million, or $0.10 per share in Q2 2025. Q2 2026 adjusted earnings were $13.1 million, or $0.06 per share, comparable to $11.8 million or $0.07 per share in Q2 2025.

[Andrée St-Germain, CFO at Integra Resources]

Free cash flow was $9.3 million or $0.05 per share for the quarter, a meaningful improvement from $2.1 million or $0.01 per share in Q2 2025. I will now pass the call back to Cliff to walk through our revised 2026 guidance for Florida Canyon.

[Cliff Lafleur, COO at Integra Resources]

Thanks, Andrée. Turning to slide 12. We are maintaining our 2026 gold production guidance for Florida Canyon at 70,000 oz -75,000 oz. As announced on June 25th, 2026, we revised our 2026 mine site all-in sustaining cost guidance to $3,300-$3,500 per oz sold. As a result, our total cash cost guidance is increasing between $2,300-$2,500 per ounce sold. Non-sustaining growth capital guidance was revised to $16.5 million-$18.5 million, an increase of $9 million. The revisions to total cash cost and mine site AISC reflect higher tons mined, stacked, and processed, lower gold ounces sold in the first half of the year, increased royalties and excise taxes tied to stronger gold prices, and higher diesel and explosives costs. The non-sustaining capital increase reflects advance in heap leach pack construction into 2026 from 2027, in line with our updated Florida Canyon life of mine plan.

[Cliff Lafleur, COO at Integra Resources]

Our revised guidance assumes a gold price of $4,200 per oz. Royalties remain price sensitive with roughly $7 per oz change in cash cost and mine site AISC for every $100 per oz change in the gold price. I will now hand the call back to George to close out with our next steps and outlook.

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Cliff. Florida Canyon supports development across our pipeline portfolio, creating a clear path for Integra to become a multi-asset, U.S.-focused mid-tier precious metals producer. For the balance of 2026 at Florida Canyon, we are accelerating construction of our heap leach expansion to accommodate the updated mine plan. At DeLamar, state-of-good repair work is underway to advance readiness while the NEPA permitting process continues. Across the portfolio, we expect drill results from our 50,000 m drilling campaign at all three projects, and we will work on advanced economic studies at Nevada North. Looking ahead to 2027, we expect permitting to continue at the Nevada North project, along with an updated technical report and the record of decision and final environmental impact statement for DeLamar in the second half of the year. I would like to end the formal part of this presentation with slide 14 as it captures our strategy.

[George Salamis, President, CEO, and Director at Integra Resources]

Integra today is a fundamentally different company than it was just a few months ago. The updated Florida Canyon life of mine plan has established a larger, longer life, and more profitable gold mining operation, providing a stable cash-generating foundation to fund the advancement of one of the highest quality gold development pipelines in the U.S. Florida Canyon's cash flow will support DeLamar as it progresses through federal permitting, advanced economic studies at Nevada North, and the largest exploration program in the company's history to support future resource and reserve growth. We also maintain one of the largest gold and silver inventories in the Great Basin not controlled by a major gold mining company. We remain focused on disciplined execution, responsible growth, and creating long-term value as we continue building a leading U.S.-focused intermediate gold producer.

[George Salamis, President, CEO, and Director at Integra Resources]

With that, I'd like to thank everyone for joining us today. I'll now turn the call back to the operator for questions.

[Operator]

Thank you. We will now begin the question and answer session. If you'd like to ask a question, please press star one in your telephone keypad. If you'd like to withdraw your question, simply press star one again. Your first question comes from the line of Heiko Ihle from H.C. Wainwright. Your line is open.

[Heiko Ihle, Analyst at H.C. Wainwright]

Hey there, guys. Thanks so much for taking my questions. Good morning. Cliff went through the cash cost guidance, the revised cash cost guidance for Florida Canyon. I know it's early and you probably don't necessarily want to give any real numbers, but can the team walk us through your expectations for the site in 2027 and beyond? What factors might sway cash and all-in sustaining costs in the future to reach either side of a conceptually widened range given what just transpired?

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Heiko. Great question, and I think with respect to answering that question, I think that the feasibility study that we put out directly answers those questions. I am going to pass it over to Cliff. He has a more detailed sense of the evolution of our cost guidance for that study. Cliff, over to you.

[Cliff Lafleur, COO at Integra Resources]

Thanks, George. Good question. I guess what I am worried about is making statements without having a technical report right in front of me. I do know that we are, I think this question came up in the last call. We are making investments starting in 2027 in replacing the Caterpillar 777 fleet, which will complete the upgrade of our fleet. So expect that in sustaining costs. The cash costs guidance went up this year because of the increase in tonnage stacked and treated on heap leach pads. That should start to calm down in 2027 as we access the new mining area in the central pits and the grades increase.

[Cliff Lafleur, COO at Integra Resources]

I am not sure what more color I can add, but I know over the next three to four years as the sustaining capital investments in the equipment and other infrastructures, like in the plant, making sure that some of the historic equipment there is upgraded to improve its longevity and reliability, that the costs get back down to the $2,300-$2,400 level as an all-in AISC.

[Heiko Ihle, Analyst at H.C. Wainwright]

Okay. Just a clarification, one thing that caught my ear in the report on the health, safety, and environment, that you had a reportable spill. It sounds like that is not a big deal because it was not an immediately reportable spill, which appears to be over 25 gal of fuel, depending on where you are. Just out of curiosity, if something like this happens, do they come to you for bigger bonds, reclamation bonds, or anything along those lines? Or is that just something that happened and that is the end of it because nothing actually serious happened?

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Heiko. I am going to direct that question to Greg Robinson, our mine GM at Florida Canyon, because he deals with those things directly. Greg, I think you are on the line.

[Greg Robinson, General Manager of the Florida Canyon Mine at Integra Resources]

Yes, I am.

[George Salamis, President, CEO, and Director at Integra Resources]

Morning.

[Greg Robinson, General Manager of the Florida Canyon Mine at Integra Resources]

Good morning. It is a good question. The threshold is actually different for process solution and hydrocarbons. The process solution is 25 gal, I believe, for a quarterly reportable spill, which is what this was, and 100 gal or more for an immediately reportable spill. This one was a pipeline leak that was near the process plant on an old line, and it was a line that we replaced right afterwards and patched it up and moved on. Typically, we do not get a heightened response from the agencies. If it is threatening other things or maybe ongoing, they might come out and visit and help us put a plan in place. We typically do not see any enforcement action or anything unless it becomes a repeat, serious offense. It is highly subjective. It is not a black and white, you hit this threshold, and you get an automatic enforcement action.

[Greg Robinson, General Manager of the Florida Canyon Mine at Integra Resources]

In this case, it is something that was repairable. It was just a small pipeline leak that happens everywhere, and we were able to patch it up right away and move on.

[Heiko Ihle, Analyst at H.C. Wainwright]

Fair enough. Perfect. I'll get back to you. Thank you, guys.

[George Salamis, President, CEO, and Director at Integra Resources]

Thanks, Heiko.

[Operator]

Your next question comes from a line of Joseph Reagor from Roth Capital Partners. Your line is open.

[Joseph Reagor, Analyst at Roth Capital Partners]

Hey, guys. Thanks for taking the questions. Just kind of wanted to ask, given the market has kind of stabilized a bit now on the gold price front, is there an opportunity for you guys to look for a development asset that could plug the gap between current production from Florida Canyon and DeLamar's permitting timeline?

[George Salamis, President, CEO, and Director at Integra Resources]

Yeah, Joseph, thanks for the question. As we mentioned on other calls, we're constantly looking for M&A opportunities, right? The right fit ones are exactly what you just described, right? That would be a good one for us to pursue. That said, those types of opportunities are very rare, as you know, in the context of North America, which is the hunting ground that we play in, specifically the Western U.S. There's just not a lot of assets that are in production that meet that sweet spot that could fill in sort of the gap between what Florida Canyon is going to do next year and what DeLamar will do, say, three years out from today. So, we're always on the hunt, but I have to say that those types of assets are rare right now.

[George Salamis, President, CEO, and Director at Integra Resources]

I'm sure you're hearing that from your other client companies as well.

[Joseph Reagor, Analyst at Roth Capital Partners]

Yeah, fair. Then on the production front, are you still comfortable with the full year guidance, given the slow start to the year?

[George Salamis, President, CEO, and Director at Integra Resources]

Very much so. Again, I think I'm going to address that question to Cliff. He's got the same level of high conviction as we all do with respect to our production guidance for the year. Cliff, do you have any comments on that?

[Cliff Lafleur, COO at Integra Resources]

I do. Yeah, good question. One of the enabling factors we have is because we did bring in the new trucks through December and January, and with the new shovel, we still have a significant portion of the 777 fleet that we were to start mothballing this year. But we can keep those on the road with the investments we made in the other part of the 777 fleet last year and into this year, the refurbishments. We feel comfortable that we have the capacity to increase the tonnage rate and are watching it very closely and pleased with the results so far year to date with the new mining rates with the fleet.

[Joseph Reagor, Analyst at Roth Capital Partners]

Okay. Good to hear. I'll turn it over. Thanks, guys.

[George Salamis, President, CEO, and Director at Integra Resources]

Thank you, Joe.

[Operator]

Your next question comes from the line of Brian MacArthur from Raymond James. Your line is open.

[Brian MacArthur, Analyst at Raymond James]

Good morning. Thank you for taking my question. It really has to do with CapEx spending this year. With your updated guidance, when you did Q1, you sort of had $26 million, but I think the feasibility study talks about $80 for this year. When we talk about the test that talks about only doing $24 million year to date for sustaining. I'm just trying to figure out where we are in the CapEx spend this year and how much we expect in the back half of this year, and maybe even by quarter by quarter. I'm sort of looking at there's probably another $45 million-$50 million to go in the back half of the year. That's what I'm trying to reconcile between the financial statements.

[George Salamis, President, CEO, and Director at Integra Resources]

Yeah, thanks, Brian. I think a lot of the CapEx spend that you're referring to in the back half of this year, a lot of it is going to be guided towards the heap leach pad expansion that we really need to get going on this year, right? That's a big part of the cost coming up, stripping obviously to prepare us for production next year in 2027 when the production profile ramps up. Again, I'm going to pass things back to Cliff in terms of maybe walking through our CapEx expenditure plans for the balance of the year and where they're focused.

[Cliff Lafleur, COO at Integra Resources]

It's a fair question. We are planning to achieve the spend that we committed to. It's not going to be an easy feat, but we are planning to definitely will achieve the stripping that we had planned, which is a big portion of that CapEx. We're on track with the phase 3C heap expansion, which we pulled from 2027 into 2026. Which took a lot of effort from our capital planning team, our project team at site, which had other, I said smaller, but also important projects for improvement. Those are now going to start to pick up in the latter half of the year now that we've got phase 3C underway. So you'll start to see the CapEx pick up here to the end of the year.

[Brian MacArthur, Analyst at Raymond James]

Okay. That's just what I was trying to check, right? Because we added the extra sustaining of about, or non-sustaining, about 9-10 we're bringing forward. We'll probably be behind on the original runway. So I'm right in assuming that the back half, assuming you hit your targets, is going to be quite a bit heavier.

[Cliff Lafleur, COO at Integra Resources]

That's correct.

[Brian MacArthur, Analyst at Raymond James]

Great. Thank you very much. That's very helpful.

[Cliff Lafleur, COO at Integra Resources]

Thanks, Brian.

[Operator]

There are no further questions at this time. I will now turn the call back over to George Salamis for closing remarks.

[George Salamis, President, CEO, and Director at Integra Resources]

Thank you very much. I've got no further closing remarks. Those were great questions, by the way, from the analysts. We really like it when our audience engages with us. I've got nothing else to say. Thank you all for attending the call today. Operator, I'll turn it back to you.

[Operator]

This concludes today's conference call. Thank you for your participation. You may now disconnect.

Participants

Executives

• Josh Serfass, VP of Investor Relations
• George Salamis, President, CEO, and Director
• Cliff Lafleur, COO
• Andrée St-Germain, CFO
• Greg Robinson, General Manager of the Florida Canyon Mine

Analysts

• Heiko Ihle, Analyst at H.C. Wainwright
• Joseph Reagor, Analyst at Roth Capital Partners
• Brian MacArthur, Analyst at Raymond James