Morning Briefing: Integra Resources Publish the DeLamar Feasibility Study
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall
It's Thursday, December 18th.
Gold futures put in its highest daily close yesterday at $4,373/oz, right at that very strong resistance level while silver did the ol’ “Hold my Holiday Eggnog” trick ran for more than 5 and a half percent on the day, closing right below $67 an ounce. Gold and sliver are not the only metals having big moves this week. Platinum is up almost 9% this week while Palladium is soaring more than 13% on the week. This morning, and ahead of key US inflation data, the precious metals sector is retreating.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Revival Gold
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here’s what you need to know this morning…..
Integra Resources have published the Feasibility Study for the DeLamar gold and silver Heap leach project in Idaho. The project economics now sits with an After-tax net present value 5% ("NPV") of $774 million ("M") and 46% after-tax internal rate of return ("IRR") using base case metal prices of $3,000 per ounce ("/oz") gold ("Au") and $35/oz silver. Addition of stockpile material enhances mine life to 10 years and total life-of-mine ("LOM") production to 1.1 million ounces AuEq. DeLamar currently has a capex of $389M according to the study. Life of Mine all-in sustaining costs comes in at $1,143 per ounce of gold and $1,480 per ounce of AuEq. (TSXV: ITR) (NYSE American: ITRG) News Release
Cartier Resources have updated the mineral resource estimate for the Cadillac Project in Val-d’Or. The updated estimates include approximately 110,000 metres of drilling completed by Cartier from 2016 to 2024 as well as 420,000 metres drilling completed by previous mining companies. Total gold resources now contains 9,953,000 tonnes at a grade of 2.40g/t Au for 767,800 ounces Measured & Indicated ("M&I") (a 7% increase) and 35,185,000 tonnes at a grade of 2.14g/t Au for 2,416,900 ounces Inferred (a 48% increase). 12% of total gold resources are pit-constrained while 88% of total gold resources are underground-constrained. The Main Sector (Chimo, East Chimo and West Nordeau deposits) hosts 87% of total resources within a 3 km mineralized trend and remains open at depth and along strike, providing strong leverage to further drilling. (TSXV: ECR) News Release
Vizsla Silver is acquiring more claims along the Panuco - San Dimas corridor. Seven of the clams comprising of just over 1,700 ha are strategic and occur adjacent to the Panuco project. Vizsla Silver has agreed to pay US$2,000,000 and issue US$4,000,000 in common shares to Fresnillo as consideration for the Claims. The Claims contain various prospective areas or potential extensions to veins with known mineralization. (TSX: VZLA) (NYSE: VZLA) News Release
Heliostar Metals has restarted mining, crushing and conveying and stacking of ore onto the leach pad at San Agustin. According to the company, mining the current reserve will produce 45,000 ounces of gold expected to generate US$40M in cash flow at a US$3,000 gold price. Further, the Company is in the middle of a 10,000-15,000 metre drill program focused on finding potential extensions of the orebody that may support an increase in mine life at San Agustin. The Technical Report earlier in the year demonstrates a post-tax NPV5% of US$35.3M, a post-tax IRR of 548% and a payback period of 0.2 years for the upside case at a $3,000/oz gold price. (TSXV: HSTR) (OTCQX: HSTXF) News Release
Orla Mining provided says drilling has confirmed high grade gold mineralization extends two kilometers beyond current underground operations at the Musselwhite Mine. Drilling 2 km down plunge of current operations returned 5m of 5.57 g/t Au and included 1m of 8.79 g/t. Other results reported toda included 9m of 22.1 g/t Au in underground resource growth drilling, and 1.2m of 43.8 g/t in near-mine satellite drilling. To date, 11,744 metres have been completed, with assay results received from eight holes. Planned drill metres have increased from 11,000 metres to approximately 12,500 metres by year-end 2025. (TSX: OLA; NYSE: ORLA) News Release
Hemlo Mining has completed its first gold pour at the Hemlo Gold Mine since acquiring the operation from Barrick. The inaugural pour produced approximately 6,704 ounces of gold, representing one of Hemlo's largest single pours this year. The Company will provide a full corporate update in early January 2026, including preliminary full-year 2025 production results and further detail on operational initiatives underway. News Release
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That’s it for today everyone. Have a great day. Stay safe.
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