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:

Gold Investing News Interview with Louis James (1/18/15)
"Integra Gold Corp. has a reasonably sized, high-grade gold discovery in Quebec and recently bought a neighboring mine out of bankruptcy for $1.8M. With that, it got a fully permitted plant that processes precisely its type of ore, [and] it got a tailings facility."

Mick Carew, Haywood Securities (1/16/15)
"Integra Gold Corp. released results from its updated PEA for its 100%-owned Lamaque project. . .highlights from the revised PEA include: reduction in initial capex by $7.3M. . .increased gold recoveries. . .preproduction timeline reduced from 24 months to 18 months. . .base case after-tax internal rate of return of 59% and NPV5% of $184.3M (assumes $1,175/oz gold and CA$1.14/US$ FX)."

Peter Campbell, Mackie Research Capital (1/15/15)
"Integra Gold Corp. released an updated PEA that was intended to demonstrate the beneficial impact of the Lamaque mill acquisition on project economics for its Lamaque South project. . .this updated PEA does not include a resource update and therefore uses the same resource estimate as in the prior PEA. . .we expect the forthcoming resource update will significantly increase resources on the project."

Derek Macpherson, M Partners (1/14/15)
"As expected, the incorporation of the Sigma mill into Integra Gold Corp.'s Lamaque project materially improved economics, with the main driver being a 21% decline in cash costs through the elimination of toll milling resulting in a 22% increase to after-tax net present value at a 5% discount rate. . .we view the preliminary economic assessment update positively, as it confirms our view that this project's above-average grades and premier location should translate into robust project economics. . .the high grade, low operating cost and lower capital intensity of Integra's Lamaque project should warrant a premium valuation relative to peers."

Thibaut Lepouttre, Caesars Report (1/14/15)
"Integra Gold Corp. has released an updated preliminary economic assessment on its Lamaque gold project in Quebec. . .the company will now be able to shave a substantial part of its operating costs as it now owns its own mill. The initial capital expenditures have dropped by approximately CA$7.2M. . .and the all-in sustaining cost have reduced to just CA$731/oz gold or $612/oz gold. This is a remarkably low number and shows how robust the economics of the project will be. The after-tax net present value at a 5% discount rate is now $113.5M."

Andrew Mikitchook, Edgecrest Capital (1/14/15)
"Tuesday after market close Integra Gold Corp. released an updated PEA, integrating the purchase of the Sigma mill into a revised development plan. . .capex decreases to CA$61.9M (from CA$69.2M). . .the press release also highlights several opportunities to improve the Lamaque development plan, primarily from potential to extend the mine life."

More Comments

Experts Commenting on This Company


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