Integra Resources cuts 2026 gold output forecast for Florida Canyon mine
Canada's Integra Resources lowered its 2026 gold production guidance for Florida Canyon due to slower leaching. Reuters reports Q3 revenue rose year on year.
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what happened
According to Reuters, Canadian gold miner Integra Resources has reduced its 2026 gold production guidance for the Florida Canyon mine to 59,000–62,000 ounces from 70,000–75,000 ounces. The cut reflects slower leaching, which has not kept pace with higher mining rates, so the company plans to scale back mining for the rest of the year.
In the third quarter, revenue edged up year on year despite lower production and sales. Adjusted earnings per share were $0.06, down from $0.10 a year earlier. Revenue came in at $72.4 million and net income at $12.9 million.
The company also pointed to higher costs for diesel, explosives, royalties and excise taxes, driven by higher gold prices. Integra expects access to higher-grade ore in 2027 to support output.
why it matters
The story concerns one mine at a small company, so its impact on the broader gold market is limited. For Integra shareholders, the lower forecast and rising costs that pressure margins are the key points.
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sources
- Integra Resources cuts 2026 gold production forecast at Florida Canyon mine — Reuters, 11 November 2026 at 23:09 UTC
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