- Integra Resources released the PFS for its DeLamar project.
- The mine should be able to produce 110,000 toz of gold equivalent per year at an AISC of $955/toz of gold equivalent, over the 16-year mine life.
- At a gold price of $1,700/toz and a silver price of $21.5/toz, the after-tax NPV(5%) equals $412.3 million and the after-tax IRR equals 27%.
- The numbers are notably worse than expected, even worse compared to the PEA.
- Shares of Integra Resources still offer some upside potential, but notably reduced, and given the technical picture, I wouldn't rush to purchase them.
For further details see:
Integra Resources: Pre-Feasibility Study Disappoints, But Some Upside Still Left