Florida Canyon Mine Feasibility Study: $601M NPV Over a 8-Year Mine Life
Integra Resources Corp.'s Florida Canyon Mine in Nevada, USA (45 miles southwest of Winnemucca) 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 has reported Feasibility Study results for the gold project in Nevada, USA (45 miles southwest of Winnemucca). 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), 2030 to 2035 ($3,600/oz); LOM weighted average $3,873/oz. Spot case: US$4,200/oz Au from mid-2026 to 2035..
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. Average head grade is 0.19 g/t Au (Q1 2026 processed grade). Metallurgical recovery averages 59.9%. The open-pit strip ratio is 1.30:1 (Q1 2026 actual).
Resources and ownership. The company holds a 100% interest in the project.
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.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven & Probable | 118,471 Kt | 0.31 g/t Au | 1,191 koz Au |
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured & Indicated | 171,842 Kt | 0.33 g/t Au | 1,706 koz Au |
| Inferred | 165,879 Kt | 0.65 g/t Au | 3,446 koz Au |
Our Analysis
Its after-tax NPV is above the company's market capitalisation (roughly 1.2x, on a currency-adjusted basis) — a wide gap that can flag value the market hasn't yet priced — though dilution, financing and permitting risk usually explain part of it. The project is located in Nevada, USA (45 miles southwest of Winnemucca), a factor in its overall risk profile. For context, gold currently trades around $4,186.60/oz.
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.