Florida Canyon Mine - 2026 Technical Report Base Case Feasibility Study: $601M NPV Over a 8-Year Mine Life
Integra Resources Corp.'s Florida Canyon Mine - 2026 Technical Report Base Case in Nevada, USA has a Feasibility Study outlining an after-tax NPV of $601M. The mine plan runs 8 years at about 82 koz Au per year.
Integra Resources Corp.'s Florida Canyon Mine - 2026 Technical Report Base Case has reported Feasibility Study results for the gold project in Nevada, USA. The study headlines an after-tax net present value of $601M at a 5% discount rate. It reflects Integra Resources Corp.'s (ITR.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $601M using a 5% discount rate. All-in sustaining costs are pegged at 2331 USD/oz. Economics are based on Base case gold prices: 2026 ($4,344/oz), 2027 ($4,414/oz), 2028 ($4,169/oz), 2029 ($3,824/oz), 2030 to 2035 ($3,600/oz).
Production and mine plan. The project envisions an open-pit operation. Life of mine is 8 years. Average annual production is approximately 82 koz Au.
These figures are extracted from Integra Resources Corp.'s technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Our Analysis
- NPV after-tax
- $601M
higher than 59% of 141 projects we track
- Mine life
- 8yrs
- Study price assumption
- Base case gold prices: 2026 ($4,344/oz), 2027 ($4,414/oz), 2028 ($4,169/oz), 2029 ($3,824/oz), 2030 to 2035 ($3,600/oz)
- Spot gold today
- $4,455.30/oz
A 59th-percentile NPV rank among the 141 gold projects we track is the honest headline here: this is a solidly mid-tier asset, not a standout. That placement matters because it tells you the market is unlikely to misprice it on grade or scale alone. The real tension is elsewhere: the NPV sits at about 1.1x a US$561M market cap, which cuts both ways. Either the market has not yet assigned full credit for a feasibility-stage project in Nevada, or it is discounting the practical realities of funding and executing an 8-year build in a small-cap shell. Both readings are defensible, and the gap is not wide enough to call it a mispricing.
The feasibility study is the strongest confidence signal available. A build-ready estimate with a typical plus or minus 15% band carries far more weight than a scoping-level PEA, and the numbers here have earned that credibility. The base-case gold price deck, running from $4,344/oz in 2026 down to $3,600/oz by 2030, sits below the current spot of $4,455.30/oz. That is a conservative starting point, which means the returns are not relying on a frothy price assumption; if anything, the upside case is already embedded in today's market.
The constraint that matters most is funding, not geology. A US$561M company does not quietly finance a project whose NPV exceeds its entire equity value, and this is one of three tracked projects in the portfolio. Nevada is a mining-friendly jurisdiction, which removes a layer of permitting risk, but the financing question remains the binding one. The single issue that decides whether this works: can the company fund the build without diluting away the very value the NPV promises?
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.