Integra Resources announced it has acquired a strategically located 6,600-acre ranch contiguous with its DeLamar Project in Owyhee County, Idaho, for $12.5 million.
The company said the acquisition supports its strategy to advance DeLamar in a de-risked and efficient manner by consolidating land ownership around key project infrastructure. The ranch includes 6,600 deeded acres, a large U.S. Bureau of Land Management grazing permit, and two Idaho State grazing leases.
Integra outlined several strategic benefits tied to the transaction. By consolidating the land, the company will extinguish the underlying easements and access agreements, thereby eliminating associated payment obligations. The property also secures mitigation habitat close to the project, which the company said will support permitting efficiency and flexibility while enabling management of potential impacts to wetlands, streams, and grazing resources.
The acquisition is also expected to provide additional surface and water rights, increasing operational flexibility and resilience. Integra added that the ranch will allow it to support responsible multiple-use management of the parcel, offering flexibility to manage local grazing interests and maintain alignment with ranching communities in Owyhee County, Idaho and Malheur County, Oregon.
The transaction follows the company’s recently completed $61 million financing, with proceeds being deployed toward initiatives aimed at reducing execution risk ahead of construction at DeLamar.
The DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, is located in southwest Idaho. Since acquiring the asset in 2017, Integra has advanced resource growth and completed a Preliminary Economic Assessment, a Pre-Feasibility Study, and most recently a Feasibility Study in late 2025.
According to the feasibility study, DeLamar is designed as a low-cost, large-scale conventional open pit oxide heap leach operation with competitive operating costs and a high rate of return. The study outlines total production of 1.1 million ounces of gold equivalent over a 10-year mine life, plus two years of residual leaching, with average annual production of approximately 106,000 ounces of gold equivalent. The co-product mine-site all-in sustaining cost is estimated at $1,480 per ounce of gold equivalent.
At base case gold and silver prices of $3,000 per ounce and $35 per ounce, respectively, the project is expected to generate an after-tax net present value (NPV5%) of approximately $774 million and an after-tax internal rate of return of 46%. Using recent gold and silver prices of $4,500 per ounce and $65 per ounce, respectively, the after-tax NPV5% increases to approximately $1.9 billion and the after-tax IRR to 97%.
Integra is a growing precious metals producer in the Great Basin of the western United States. The company operates the Florida Canyon Mine in Nevada and is advancing both the DeLamar Project in Idaho and the Nevada North Project in western Nevada, focusing on disciplined capital allocation, operational excellence, and environmental, social, and governance standards.
KEY QUOTES
“This acquisition represents a significant land consolidation for Integra and the DeLamar Project. Beyond the acreage itself, the transaction advances our long-term strategic objectives by enhancing our ability to responsibly develop DeLamar in alignment with the local ranching community, while further de-risking the Project through increased operational flexibility and expanded mitigation options. It also reflects our disciplined approach to capital allocation, demonstrating how we are prudently deploying the recently completed US$61 million financing into initiatives that meaningfully reduce execution risk ahead of construction. After many years of collaborating with the ranching community to help shape our future operations, we are proud to now be joining that community through an acquisition that underscores our long-term commitment to the land and the people of the region.”
George Salamis, President, CEO and Director, Integra Resources Corp.
