Gold Miner Advances High-Grade Projects in Idaho and Nevada

Source: Ron Struthers 06/02/2026

Ron Struthers of the Struthers Resource Stock Report sees Integra Resources Corp. (ITR:TSX.V; ITRG:NYSEAMERICAN) as a bargain gold producer with strong cash flow and growth across Nevada and Idaho.

Gold remains in the range that I highlighted at the start of this correction. We want to see the US$4,400 area hold as support, and on the upside, a close at US$4,800 or higher would be positive, signaling a higher high.

Right now, at the bottom of the range, is a buy opportunity.

Top Gold Stocks to Buy Now

Some key things that I look for in a gold stock are location, valuation, and growth.

I want to find gold miners in good jurisdictions that are valued lower than peers and have strong growth potential. There are other factors, but these are some key ones, and this stock passes with flying colors!

Integra Resources

^{Recent Price -CA$3.58}

^{Entry Price CA$1.28}

^{Opinion – Buy}

Integra Resources Corp. (ITR:TSX.V; ITRG:NYSEAMERICAN) has three projects that are located in Nevada and Idaho. They are producing at their Florida Canyon mine, which is generating strong cash flow, while their next project, the DeLama Project, has a robust feasibility and is proceeding to engineering and the construction phase.

Today, Integra announced the appointment of Ausenco Engineering USA South Inc as the lead engineering partner for detailed engineering activities at the company’s DeLamar Project in southwestern Idaho.

As part of the engagement, Ausenco has retained SLR Consulting (“SLR”), which brings specialized heap leach engineering, metallurgy, and mine planning expertise to the Project.

The Feasibility revealed a very robust project with excellent numbers at a US$3,000 gold price, giving a 46% IRR and 1.8 years payback. The capex at US$389 million is modest and something that Integra can easily manage.

The DeLamar Project’s permitting timeline was posted to the FAST-41 project dashboard on January 13, 2026.

The FAST-41 Transparency Project program is a federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency.

Mining activities at Florida Canyon during the first quarter of 2026 increased significantly, achieving a record mining rate of 76,800 total tonnes per day and positioning the operation to deliver improved operational flexibility and production consistency in future quarters.

This increase was driven by the addition of the six Caterpillar 785 haul trucks commissioned during the quarter, completing the expansion of the fleet since 2025 to include eight Caterpillar 785 haul trucks, one Caterpillar 992HL loader, and one Hitachi EX3600 front shovel. With increased haulage capacity and an enhanced mining fleet, the operation is better equipped to manage the historical waste stripping inherited from prior operators.

As of March 31, 2026, the Company had a cash and cash equivalent balance of US$105.8 million, an increase of US$42.7 million from US$63.1 million at December 31, 2025.

In March, Integra announced the launch of a 50,000-meter drill program (the “2026 Drilling Program”) across its Nevada and Idaho portfolio, marking the largest gold-focused exploration campaign in the Company’s history. There should be lots of drill news. Also, this year, Integra has been included in the VanEck Junior Gold Miners (“GDXJ”) exchange-traded fund (“ETF”), effective at the close of markets on March 20, 2026.

The DeLamar project in Idaho (a lower-risk jurisdiction with a Governor that is pro-mining, and near infrastructure) and the Nevada North project in Nevada (another lower-risk jurisdiction) to create a multi-asset U.S. producer. The company is well cashed up and will see strong news flow on drill results and with DeLamar progression.

And better still, even at these prices above our first entry price, the stock is a bargain with a low valuation. Integra has about 7.1 million ounces measured and indicated across its three projects. At US$2.58, the market cap is just US$521.2 million, and subtracting US$100 million in cash, this values their gold resources at only US$60 per ounce in the ground.

I believe this is a very low valuation for a small, growing producer in one of the best mining jurisdictions in the world. These are valuations that we saw with US$1,500 to US$2,000 gold, and as this bull market advances, these deposits will be re-rated towards US$500 per ounce in the ground.

There are no exciting indicators on the chart, other than the fact that it is trading near the bottom of a 9-month range.

Could it get cheaper? Yes, and that would just mean an even better bargain.

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Important Disclosures:

1. Ron Struthers: I, or members of my immediate household or family, own securities of: Integra Resources. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

( Companies Mentioned: ITR:TSX.V;ITRG:NYSEAMERICAN, )

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