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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:

"We are following Integra Gold Corp., which is advancing the Lamaque gold project in Quebec. You can't get any safer than Quebec. It's a high-grade gold deposit with a 1.1 Moz gold at about 10 g/t, but there is potential for much more. Recent drill results indicate that the Triangle zone could be much larger than originally thought. Drilling intersected about several meters in excess of 0.5 oz/t gold, which is much better than the average grade at Lamaque. That prompted Integra to increase this year's drill program to 50,000–75,000m. The after-tax IRR in its updated PEA, which includes the new mill, is 59% based on a gold price of $1,175/oz. Those are numbers that get any mid-tier or senior producer drooling. . .in the past 11 months the company has raised about $30M, including an oversubscribed $13M financing a few weeks ago. It shows that good companies with good projects can still get their hands on cash. This will continue as Integra builds value at Lamaque." read more >

Andrew Mikitchook, Edgecrest Capital (5/20/15)
"Integra Gold Corp.'s winter 2015 drill program on Triangle has identified four steeply dipping shear zones (C zones) that are wider and higher grade than the secondary (and shallower dipping) T zones. The T10 zone, Triangle's most significant zone and host to 170 Koz of resources, has been reinterpreted as the C4 zone. The latest drill results showed the widest intercept at Triangle to date and intersected the C4 zone on the edge of the existing resource outline, returning 10.73 g/t gold over 16m. . .this supports our expectation of a potential multiple increase in resources from the C4 zone."

Peter Campbell, Mackie Research Capital (5/20/15)
"Integra Gold Corp. released drill results from its ongoing drill program on the Lamaque South project. The headline results is the 'thickest-ever interval' of 10.73 g/t gold over 16.0m on the Triangle zone plus an additional intersection of 19.30 g/t gold over 8.0m. We estimate that the Triangle zone represents approximately 60% of the contained gold in the company's current resource estimate. . .these drill results alone are likely to contribute to increasing resources on this important zone for the company. However, we think a greater impact on resources will come from a refined geological model that now incorporates steeply dipping structures."

Derek Macpherson, M Partners (5/20/15)
"Integra Gold Corp. released a third set of drill results from this winter's drill program at the Triangle zone. Results were highlighted by 10.73 g/t over 16.0m (TM-15-25) and 19.3 g/t over 8.0m (TM-14-52EXT). These results returned a weighted average grade of 7.9 g/t over an average width of 2.3m. . .based on both the recent drilling and the potential of the recently interpreted C zones (mineralized sheer structures), we expect resources to grow with the next update. . .we would expect drill results and updated engineering work to culminate in an updated resource estimate in Q4/15 followed by a prefeasibility study."

Joe Reagor, ROTH Capital Partners (5/11/15)
"On May 6, 2015, Integra Gold Corp. announced step-out drill results at its Sigma-Lamaque project in Val d'Or, Quebec, Canada. We believe the drill results demonstrated the significant resource expansion potential of the project. . .highlights included an intercept of 4.5m grading 14.32 g/t gold 190m from the company's closest previous intercept. . .we continue to view Sigma-Lamaque as an advanced-stage project that is poised for development in the coming quarters. Continued drill success should lead to an increased mine life, which would likely improve what are already robust project economics. . .we are reiterating our Buy rating."

"Integra Gold Corp. is a favorite Canadian junior with a near-term gold project. The company's Lamaque project has about 1 Moz gold Indicated and Inferred. We like Lamaque because it's a small, very simple project with an average grade of over 9 g/t gold. There is an existing mill, and the preproduction capex is only $62M. Integra already has permits for three of the four potential production site ore bodies. So this is a near-term production opportunity with a minimal capital budget and an after-tax internal rate of return of over 50%. It could be very interesting to some of the other mid-cap gold and silver producers.

Integra wasn't cash poor to begin with, and $13M bought-deal private placement it closed May 1 provides the additional means to get Lamaque shovel ready over the next six to nine months and develop the underground deposits. Integra is not in a rush from a production standpoint. I think it wants to optimize the asset a little bit first, which could result in an even higher potential rate of return on the project. There remains the possibility that Lamaque could be financed via a larger company earning in to the project, which would still maintain a significant portion of the upside for shareholders. . .we expect first production at Lamaque could be in 24 to 36 months. The mill is already built and just needs some refurbishment. If Integra decides to spend more time on exploration, it will be closer to three years than two." read more >

More Expert Comments

Experts Commenting on This Company

Randall Abramson, Fund Manager – Trapeze Asset Management
Peter Campbell, Analyst – Mackie Research Capital
Mick Carew, Analyst – Haywood Securities
Killian Charles, Analyst – Laurentian Bank Securities
Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Christos Doulis, Analyst – PI Financial
Michael Gray, Analyst – Macquarie Capital Markets
Jeb Handwerger, Author Gold Stock Trades
Louis James, Analyst – Casey Research
Eric Lemieux, Analyst – PearTree Securities Inc.
Thibaut Lepouttre, Editor Caesars Report
Kevin MacKenzie, Analyst – Salman Partners
Derek Macpherson, Analyst – M Partners
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Lauren McConnell – Paradigm Capital
Andrew Mikitchook, Analyst – Edgecrest Capital
Björn Paffrath, Director – Stabilitas-Fonds
Joe Reagor, Analyst – ROTH Capital Partners
Jordan Roy-Byrne, Editor/CMT The Daily Gold
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Thomas Schuster Rocks to Riches
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
Q1
2015
Q1
2015
Updated NI 43-101 Resource Estimate
Q1
2015
Drilling
Q2
2015
Drilling
Integra Gold Corp. Content