Integra Resources cuts 2026 gold guidance to 59,000–62,000 ounces

what happened

Integra Resources has lowered its 2026 gold production guidance for the Florida Canyon project to 59,000–62,000 ounces from the previous 70,000–75,000, according to TradingView. The company blamed leaching rates that have not kept pace with ore mining.

In the third quarter, Integra produced 17,652 ounces of gold, down from 20,653 ounces a year earlier. Revenue nevertheless rose to $72.4 million from $70.7 million, as the average realized gold price climbed to $4,272 per ounce from $3,464.

Net earnings for the quarter were $12.9 million, against a net loss of $8.2 million a year earlier. Adjusted earnings, however, fell to $12.8 million from $16.3 million because higher diesel and explosives costs pushed up cost of sales. Cash and equivalents stood at $119.5 million on September 30.

why it matters

For the gold market this is mainly company-level news, since one producer's lower forecast barely changes the overall supply balance. For Integra's shareholders, the more important questions are whether leaching recovers, how 2027 Central Pit output develops, and whether the DeLamar project advances through permitting.

market impact

Gold and Integra shares: a lower output forecast reduces the company's supply, with limited effect on the wider market.

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