Positive
Seeking Alpha
9 hours ago
Integra Resources: Undervalued Growth With Significant Upside On Sustained Gold And Silver Prices
Integra Resources offers significant upside, with 2-3x potential if gold prices remain elevated, driven by DeLamar and Florida Canyon assets. ITRG is highly leveraged to gold/silver prices, with current valuation showing a meaningful discount to combined NPV even at conservative metal price assumptions. Florida Canyon provides immediate cash flow, funding growth without dilution, but high AISCs and ongoing CapEx constrain near-term free cash flow.