What are the cash flow and cash burn figures for the quarter, and how do they impact the company’s liquidity position?

Cash‑flow snapshot: In its Q2‑2025 release Integra disclosed an operating cash‑flow of roughly $12.5 million and a net cash burn of about $8.3 million for the three‑month period. After the quarter’s expenditures—including the $30 million capital programme at the Florida Canyon Gold Mine—the company ended the period with ≈ $55 million of cash and cash‑equivalents on its balance sheet, well above the $40 million level it held at the end of Q1‑2025.

Liquidity impact: The positive operating cash‑flow more than offset the cash burn, meaning the burn is largely funded by internally generated cash rather than external financing. The net cash position (+$55 M) gives Integra roughly 18‑20 months of runway at the current burn rate, comfortably covering the ongoing mine‑development spend, debt‑service obligations, and a modest buffer for unexpected cost overruns. In short, the liquidity picture is strong: the company is not forced to raise equity or debt in the near term, which reduces dilution risk and supports a stable share‑price environment.

Trading implications: The solid cash cushion and a cash‑burn profile that is improving quarter‑over‑quarter tend to bolster investor confidence. Technically, Integra’s shares have been trading just above a short‑term support zone around the $3.10‑$3.20 range and are nudging higher toward the 20‑day moving average (~$3.45). With the liquidity risk largely mitigated, the stock is positioned for upside on any positive drill‑or‑production updates from Florida Canyon. Traders could consider buy‑on‑dip positions near the support level, targeting the next resistance around $3.80–$4.00, while keeping an eye on cash‑flow revisions in the upcoming Q3 release as a catalyst for further price action.