Integra drills record silver grades at DeLamar project in Idaho

Company reported high-grade assays from its asset in Colombia including a record 5.73 grams gold per tonne and 5.2 grams silver per tonne over 63 metres from 356 metres downhole.

Company has entered into a definitive agreement to buy back a sliding 2.5% net smelter royalty on 81 mineral claims and one mining lease from First Quantum.

Company said these gold occurrences are similar to New Found Gold’s recent discovery.

Gold output rose 38% to 313,725 ounces compared with 226,632 ounces quarter-on-quarter.

The silver mine will return to full production this quarter after a 33-month labour action.

Gold prices plunged 5%, the biggest single-day slide since August, on optimism of an imminent vaccine.

There's an interesting truth about the price of gold.

The pandemic has hurt the mining sector, which relies on workers who often need to travel to reach job sites.

Wheaton will purchase 6.5% of the gold production and 100% of the silver production from the project until 190,000 ounces of gold and 2.15 million ounces of silver have been delivered.