Integra Resources, the Canadian-focused gold producer, announced a 30% increase in gold production for the second quarter of 2026, citing higher ore grades and improved mill throughput at its Nevada operations. The company produced approximately 45,000 ounces in the three months to June, up from 34,600 ounces in the same period last year, according to a statement released on Wednesday.
The news sent Integra’s shares up 4.2% on the Toronto Stock Exchange, with the broader S&P/TSX Composite Index gaining 0.3% as gold miners rallied. In London, the FTSE 100 rose 0.5% to 8,245 points, buoyed by a 1.1% advance in the mining sector, led by Fresnillo and Endeavour Mining. The FTSE 250 added 0.4% to 20,112 points.
Gold prices held above $2,410 per ounce on Wednesday, underpinned by a weaker US dollar and expectations that the Federal Reserve may begin cutting interest rates later this year. Analysts at SP Angel noted that ‘the combination of strong operational performance and supportive macro conditions is providing a tailwind for gold equities.’
For UK investors, the rally in gold miners offers a hedge against inflation and currency volatility, though analysts caution that gold stocks remain sensitive to shifts in US monetary policy. Pension funds with exposure to commodity-focused funds may benefit from the sector’s recent gains, but diversification remains key.
The company reaffirmed its full-year production guidance of 170,000 to 180,000 ounces, with a review of costs expected later in the year. Integra said it would provide a further update on expansion plans in its third-quarter report.