Integra Gold Corp.

Integra Gold Corp. is a Canadian company focused on the exploration and development of its high-grade Lamaque gold project in one of Canada's premier gold-producing districts, Val-d'Or, Québec, the "Valley of Gold." Complete mining and milling infrastructure, human resources and mining expertise are centered in the city of Val-d'Or, located within 1km of the Lamaque project. The Lamaque project is directly adjacent to over 9 Moz of historic gold production from the Lamaque and Sigma mines, historically operated by Teck Inc. and Placer Dome Inc., respectively. Integra is well financed and advancing steadily toward a production decision with more than 65,000m of drilling completed in the past two years. The company is also progressing on numerous engineering, environmental and economic studies.

Expert Comments:

Derek Macpherson, Salman Partners (11/20/15)
"We are initiating coverage on Integra Gold Corp. with a Buy rating and a 1-year target of CA$0.90/share. . .we believe the combination of the company's high-grade resource and exceptional infrastructure make it a developable project in the current environment. . .with ~CA$20M in cash and ~CA$11M of in-the-money warrants, Integra is funded to complete its aggressive exploration program and planned PEA update early next year."

"There are probably half a dozen or so advanced development companies with high-grade resources that aren't yet in production but are getting close, like Integra Gold Corp. . .the company is doing the right thing by expanding the Lamaque resource with a large drill program. One Moz of high grade is probably already economic, but because it has a mill next door that is bigger than it needs to be, Integra now has the capacity to build a bigger mine. It could have a 100 Koz/year mine with the current 1 Moz resource. But it's definitely worth the effort to find out if there is 2 or 3 Moz there, and maybe it can have a 200–250 Koz/year mine because the mill could probably sustain that kind of production. Integra is definitely in a position to create value by expanding the resource. . .Integra has a very different strategy than the last couple of owners. The owners of this property or the neighboring property tried to make money by creating a big open pit. From day one, Integra said, "Let's go back to the companies that made money in Val-d'Or historically, which were Placer Dome Inc. and Teck Resources, and they made money running underground, high-grade mines." Integra already has a low-risk starting point. A lot of the underground information exists from historical mining. Integra already knows the metallurgy. Plus there is the mill that actually processed this ore. Lamaque South is starting from a much more derisked point than any other deposit out there." read more >

Andrew Mikitchook, M Partners (11/18/15)
"We are resuming coverage of Integra Gold Corp. with a Buy rating and a 12-month target price of CA$0.80/share. . .the Triangle zone's C structures are the key investment driver, as they deliver significant tons largely minable by long-hole stoping. The recent resource update showed a significant tonnage increase while still maintaining a respectable 9 g/t grade. . .manageable capital expenditure is a significant advantage at Lamaque. . .the Gold Rush Challenge is another important catalyst that will deliver public and investor visibility for the company."

Lauren McConnell, Paradigm Capital (11/18/15)
"Integra Gold Corp. announced a new resource for its 100%-owned Lamaque gold project. All of the changes occurred in the Triangle zone, where total resources increased 99–116%. . .clearly, Triangle has become the economic heart of the project and has strong exploration momentum."

Barry Allan, Mackie Research Capital (11/12/15)
"An updated resource of 1.5 Moz at approximately 7 g/t gold for just the Triangle zone confirmed our understanding that in-fill drilling would support a material increase in Integra Gold Corp.'s overall resources. Indeed, discovery of high-angle C structures not only has materially added to the resource and has become the majority of overall resources, but the ability to mine a high-angle structure reduces the potential cost to extract. So not only did the resource increase, but the quality of the resource increased as well. We believe a preliminary economic assessment due in early 2016 will confirm the economic viability of development as an underground mine."

Eric Lemieux, Pear Tree Securities Inc. (11/12/15)
"On Nov. 11, Integra Gold Corp. disclosed an update to its resource from the Triangle zone in the Lamaque South gold project. . .main takeaways are a notable increase in total resources (115%) to 1.49 Moz at 7.08 g/t gold, with upside potential at depth and organic growth potential and optionality on the property. . .in-fill drilling has led to an increase in resources and, with the discovery of high-angle C structures, added beneficial elements for underground mining as the capacity to mine high-angle structures should reduce mining costs. . .an updated preliminary economic assessment is scheduled to be completed in H1/16."

More Expert Comments

Experts Following This Company

Randall Abramson, Fund Manager – Trapeze Asset Management
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Peter Campbell, Analyst – Mackie Research Capital
Mick Carew, Analyst – Haywood Securities
Killian Charles, Analyst – Laurentian Bank Securities
Brent Cook, Analyst, Geologist Exploration Insights
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Michael Gray, Analyst – Macquarie Capital Markets
Jeb Handwerger, Author Gold Stock Trades
Wayne Hewgill, Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Louis James, Analyst – Casey Research
Eric Lemieux, Analyst – PearTree Securities
Thibaut Lepouttre, Editor Caesars Report
Kevin MacKenzie, Analyst – Salman Partners
Derek Macpherson, Analyst – M Partners
Lauren McConnell – Paradigm Capital
Andrew Mikitchook, Analyst – Edgecrest Capital
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Carsten Ringler, Founder – Ringler Research
Kerry Smith, Analyst – Haywood Securities
Jay Taylor, Author Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
High-Grade Gold in Quebec, Canada
Preliminary Economic Assessment Complete
Fully Permitted Mill and Tailings Facility Acquired
catalyst Calendar