Integra Resources Corp. (ITRG)

[bio1275]

Canadian Gold Juniors Valuations: Q1 2021

If we venture outside of Canada, there is one name that remains relatively cheap, valued at barely $40.00/oz despite being a top takeover target. This company is Integra Resources (ITRG), a junior miner in Idaho that's exploring its DeLamar Project which holds over 4.2 million gold-equivalent ounces. The company's modest upfront capex of $161 million combined with industry-leading costs of $742/oz makes it a rare breed among its peers. Besides, Integra's resource is likely to grow, pushing the stock's valuation below $35.00/oz if it stays at current levels. Therefore, while I don't see any massive deals in Canada currently, given the time to add to positions in Marathon Gold, Skeena, and Ascot was in November, I do see Integra as a top idea outside of Canada for those looking for value in the sector.

https://seekingalpha.com/article/4398507-canadian-gold-juniors-valuations-q1-2021