Interview with George Salamis, President and CEO of Integra Resources (TSX-V:ITR)
Our previous interview: https://youtu.be/SOJeB_F9htM
Recording date: 23rd November 2022
Integra Resources Corp. is a development-stage mining company focused on the exploration and de-risking of the past-producing DeLamar gold-silver project. The DeLamar gold-silver project is located approximately 160 km from the city of Boise in Idaho. The project includes the past-producing DeLamar gold mine previously owned by Kinross Gold Corp. which in the past produced approximately 1.6 million ounces of gold and 100 million ounces of silver. The project also holds a 5,300-acre land position which consists of patented and unpatented claims. The company changed its strategy regarding the DeLamar gold-silver project in 2022, with it planning to pursue a simpler heap-leaching operation which is set to produce over 136,000 ounces of gold equivalent per year.
The company released an update on the permitting of the DeLamar gold-silver project on the 13th of October 2022. The highlights of the update include the company completing more than 80% of the required fieldwork necessary for the filing of the project’s mine plan of operations (MPO). The MPO is scheduled to be submitted to the bureau of land management for review by Q4 2023. The surface water hydrology and water quality test work including groundwater quality and modelling have been underway since 2021, with the pit wall modelling and humidity cell testing scheduled to be completed in 2023. The company also announced the commencement of an 11,000 m exploration drilling program which aims to expand the oxide and mixed mineral resources for its future heap leach plans.
The company also released assay results from its drilling initiatives at the DeLamar gold-silver project in October, which include highlights as 0.59 g/t of gold and 15.01 g/t of silver over 108.81 m.
0:00 – Company overview
1:05 – Thoughts about Idaho’s mining permitting process
2:41 – Terms of the convertible debenture
3:22 – Overview of Beedie Investments
4:22 – Reason for the slight change in the company’s strategy
6:21 – Navigating through the current inflationary environment
8:12 |17:36 – Overview of the company strategy
9:41 – Thoughts about the combined effects of the current inflationary environment and gold price
11:13 – Defining what “payback” means and its time frame
12:22 – Anticipated additional cost for the ramp-up period
13:18 – Goal of the company
14:33 – Advancing the exploration process along with the ongoing permitting process
15:19 – Cost of the permitting process
16:21 – Advice to potential investors
18:58 – Reason to invest in Integra Resources over its peer companies
20:45 – Outro
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4 Comments
I liked the last minute most.😂
O ye of little faith! Maréchal Foch:" My center is broken, my right wing is on the retreat…I attack!" The old Macedonian strategy
of Phillip II. Too many short term punters in the biz, not enough strategists. A take out in 12 months at twice the current level by an "integrator".
Good interview thanks.
These guys don't know their arse from their elbow. Strategy changes with the wind and dilutions at absolute lows. Endlessly raising money to absolutely zero effect. Management gets paid handsomely for this mess; investors get totally hammered. Got to be one of the worst coys in the sector – Pure Gold; Aurcana Silver; Integra. Group of three idiots.
"Very rarely get projects like this". Yep, such chaotic messes are rare.