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:

Gwen Preston, Resource Maven (5/20/16)
"Integra Gold Corp. needs to drill the Triangle zone from underground and it will soon have all the funds to do so, as the company is working to close a $25-million financing; the raise is selling flow-through shares at $0.87 apiece. The underground program is no surprise, but with this additional capital Integra can continue to advance every aspect of Lamaque towards production at full speed. . .with Kaminak bought, the list of development-ready gold projects in good jurisdictions shrank by one; Integra is certainly on that short list."

Andrew Mikitchook, M Partners (5/13/16)
"Integra released drill results from No. 4 Plug that reconfirmed long disseminated intercepts that appeared amenable to bulk mining. . .there is clearly an opportunity to drive more value by adding economic throughput to the mill with the direct benefit of increasing gold production and dividing fixed costs over more tonnes. . .we are maintaining our BUY rating and are increasing our 12-month target price to $1.00/share (was $0.90). . .Integra is expected to start ramp sinking soon on a permitted project with an existing mill."

Eric Lemieux, PearTree Securities (5/13/16)
"Integra Gold Corp. disclosed ongoing drill results from 28 holes totaling 13,230m, from its fall 2015/winter 2016 Triangle drill program on the Lamaque South gold project located in Val-d'Or, Québec. . .ongoing results seem to continue demonstrating the validity of the geological model and confirm the presence of high-grade gold bearing vein structures. . .footprint of the Triangle deposit continues to grow; in-fill drill results on the C1, C2, C4, and C5 structures highlight the resource growth potential at Lamaque South; Integra is moving toward an underground exploration program at Triangle in H2/2016."

Gwen Preston, Resource Maven (5/11/16)
"Integra Gold Corp. released drill results from the Triangle zone. Results from C1 and C2 returned good continuity of mineralization in the defined parts of the structures and hit gold in lateral step-outs. . .the concurrent drilling goal at Triangle is to test for lateral extensions to the C4, C5 and C6 structures, which remain open. . .results will continue to flow fast and furious from Lamaque, where Integra has completed 65,000 meters of drilling already this year."

"On the smaller side, we like companies that are approaching that initial construction/development decision, but we prefer them to have a lower capital expenditure project if they're going to be developing it on their own and they're not major potential takeout targets. Along those lines, we have under coverage Integra Gold Corp. Integra Gold is looking at probably a $50–100M budget but at a very high rate of return, north of 70%, because it already has a built mill site that just needed to be refurbished. By bringing those capital numbers down to sub-$100M, it makes it a potential future producer that won't need a large investment or acquisition. [Integra got a lot of publicity with its $1 Million Gold Rush Challenge. What was the net benefit to the company?] If you look at what it costs to hire one geologist to do the work to make the decisions of where to put your next couple million dollars' worth of drilling, you're looking at a quarter of a million dollars for one person's input. Instead, it got the input of well north of 50 people, sometimes even groups of geologists, for $1M because it's been a down market, and there are a lot of people who are underutilized. It was a creative way for Integra to generate ideas for where to explore for the next 5 or 10 years, at the cost of essentially four geologists. It's a good return for the investors. Plus a big portion of it was funded by sponsors, so it didn't even have too much of an upfront cost on its own part." read more >

Gwen Preston, Resource Maven (4/27/16)
"Integra Gold Corp's sustained share price climb continues. . .Eldorado Gold announced a deal to sell its 82% interest in the Jinfeng mine to a subsidiary of China National Gold for US$300M. . .Eldorado owns 15% of Integra after taking a $14.6M stake last August. . .chatting with Integra today, the message was that [the company is] very aware Eldorado or someone else could make a bid at any time. . .we want to create as much value as possible before it happens, was the takeaway."

More Expert Comments

Experts Following This Company

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
Jason Hamlin, Founder – Gold Stock Bull
Jeb Handwerger, Author Gold Stock Trades
Wayne Hewgill, Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Eric Lemieux, Analyst – PearTree Securities
Thibaut Lepouttre, Editor Caesars Report
Derek Macpherson, Analyst
Lauren McConnell – Paradigm Capital
Andrew Mikitchook, Analyst – M Partners
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Carsten Ringler, Founder – Ringler Research
David Sadowski, Analyst – Raymond James
Kerry Smith, Analyst – Haywood Securities
Eric Zaunscherb, Analyst – Canaccord Genuity

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
High-Grade Gold in Quebec, Canada
Preliminary Economic Assessment Complete
Fully Permitted Mill and Tailings Facility Acquired