GATX (NYSE:GATX) Bolsa

GATX

GATX Corp is a provider of railcar leasing and maintenance services. GATX operates in business segments including rail North America, rail international, Engine Leasing, and others. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.

U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.07 by 3.84 percent. This is a 13.27 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $7.004 billion which missed the analyst consensus estimate of $7.052 billion by 0.67 percent. This is a 2.43 percent increase over sales of $6.838 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

U.S. Bancorp Q2 Adj. EPS $1.11 Beats $1.07 Estimate, Sales $7.004B Miss $7.052B Estimate

A growing number of frustrated sellers are yanking their listings just as climbing borrowing costs threaten to squeeze the housing market even harder.
What Happened: Nationally, 47% more homes came off the market in June than a year earlier, Realtor.com data show, the biggest delisting spike on record. Year‑to‑date withdrawals are up 34%, and active inventory has ballooned 29%, giving buyers little reason to chase pandemic‑era sticker prices.
The glut is translating into longer waits: typical properties now linger nearly three weeks beyond last summer's pace, according to Realtor.com senior economist Jake Krimmel, who <a href="https://fortune.com/2025/07/16/housing-market-sellers-delistings/">spoke</a> to Fortune. Phoenix, Austin and Denver lead the retreat, with Phoenix seeing the nation's highest share of pulled listings and price cuts.
Mortgage pain is compounding the chill. The average 30‑year fixed rate jumped to 6.82% last week, the highest in a month, as Treasury yields tracked tariff‑driven inflation worries, reveals Bankrate. The Mortgage Bankers Association says total loan applications dropped 10% from the prior week, with purchase demand down 12% to its slowest clip since May.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46461319/trump-cancels-4-billion-funding-for-california-high-speed-rail-project-calls-it-disastrously-overpriced">Trump Cancels $4 Billion Funding For California High-Speed Rail Project, Calls It &#8216;Disastrously Overpriced&#8217;</a>
Refinancings, which had briefly revived when rates dipped in June, fell another 7%, erasing most of that bounce. Higher rates, even after two weeks of declines, stalled activity, explains MBA deputy chief economist Joel Kan, adding that jumbo rates now sit below conforming loans as banks hunt for balance‑sheet growth.
Why It Matters: Some owners would rather wait than capitulate. Many sellers are still anchored to pandemic‑era prices even though the market is telling them otherwise, Krimmel said. Analysts warn that the tactic could backfire if borrowing costs stay elevated. Moody's chief economist Mark Zandi on Wednesday flagged mortgage rates stuck near 7% as a <a href="https://www.benzinga.com/real-estate/25/07/46438021/moodys-warns-of-housing-market-red-flare-as-sales-plunge-builders-back-off">"red flare" for further price drops</a> and builder pullbacks.
The latest rise in mortgage rates <a href="https://www.benzinga.com/real-estate/25/07/46361041/mortgage-rates-inch-up-to-6-72-after-5-weeks-of-decline-but-experts-see-stability-ahead">ended a five‑week decline</a> in rates and follows April's 7.1% spike tied to new trade tariffs, a pattern that has repeatedly cooled buyer traffic. With pundits expecting mortgages to hover between 6% and 7% for the rest of 2025, would‑be sellers <a href="https://www.benzinga.com/markets/25/07/46381942/why-more-and-more-people-are-questioning-the-financial-value-of-owning-a-home-in-2025">face an uneasy choice</a>. Either they cut now, or delist and gamble that the next rate break arrives before their patience and equity runs out.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46460715/anthony-scaramucci-says-zohran-mamdani-as-nyc-mayor-will-cause-happy-feet-rich-people-to-leave-the-city">Anthony Scaramucci Says Zohran Mamdani As NYC Mayor Will Cause &#8216;Happy Feet, Rich People To Leave The City&#8217;</a></li>
</ul>
Image Via Shutterstock

Financing

As Mortgage Rates Near 7%, Record Delistings Surge 47% — Homeowners Trapped Between Price Cuts And The Waiting Game

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) raises FY2025 Adj EPS guidance from $5.10-$5.45 to $5.60-$5.80 vs $5.57 analyst estimate..

Guidance

GE Aerospace Raises FY2025 Adj EPS Guidance from $5.10-$5.45 to $5.60-$5.80 vs $5.57 Est

Taiwan Semiconductor Manufacturing Co. (TSM) <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">stock soared</a> Thursday after the contract chipmaker delivered <a target="_blank" href="https://investor.tsmc.com/english/quarterly-results/2025/q2" rel="noreferrer noopener">second-quarter results</a> that blew past analyst expectations, driven by insatiable global demand for its advanced processor technologies essential for artificial intelligence applications.
As a key supplier to tech giants like Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for its graphics processing units (GPUs) and Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for its smartphones, the company&#8217;s strong results underscore its critical role in the global technology ecosystem. The company also provided an optimistic revenue forecast for the third quarter, further boosting investor confidence.
Taiwan Semiconductor reported quarterly net sales of $30.07 billion (933.79 billion New Taiwanese dollars), up 38.6% year-over-year (Y/Y), topping the analyst consensus estimate of $30.04 billion. Net sales grew&nbsp;11.3% quarter over quarter (Q/Q).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46426323/what-to-expect-from-taiwan-semiconductor-q2-performance" rel="noreferrer noopener">What To Expect From Taiwan Semiconductor Q2 Performance?</a>
Net income and earnings per share were $398.27 billion New Taiwanese dollars and 15.36 New Taiwanese dollars per share (or $2.47), up by 60.7% Y/Y, topping the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a> of $2.37.
In U.S. dollar terms, revenue growth was 44.4% Y/Y and up by 17.8% Q/Q.&nbsp;The top-line performance&nbsp;topped <a target="_blank" href="https://www.benzinga.com/25/04/44857887/taiwan-semiconductor-q1-surges-41-in-sales-boosted-by-ai-chip-demand-expanded-margins" rel="noreferrer noopener">the&nbsp;company&#8217;s guidance</a> of&nbsp;$28.4 billion-$29.2 billion.
The company said 3-nm accounted for 24% of the total revenue, 5-nm accounted for 36%, and 7-nm technologies accounted for 14%. Advanced technologies (7nm and below) accounted for 74% of total wafer revenue.
By platform, High-Performance Computing&nbsp;(HPC) and Smartphone represented 60% and 27% of net revenue, respectively, while IoT, Automotive, DCE, and Others each represented 5%, 5%, 1%, and 2%.
From a geographic perspective, revenue from customers based in North America accounted for 75% of total net revenue in 2Q25, while revenue from China, Asia Pacific, Japan, and EMEA (Europe, Middle East, and Africa) accounted for 9%, 9%, 4%, and 3% of total net revenue, respectively.
<h2 class="wp-block-heading">Margin Profile</h2>
Taiwan Semiconductor&#8217;s AI technology moat helped it expand its quarterly gross margins by 540 bps to 58.6%. The operating margin expanded by 710 bps to 49.6%.
CFO Wendell Huang expects its business to be supported by strong demand for its leading-edge process technologies for the third quarter.
During the second quarter, net cash generated from operating activities totaled 497.07 billion New Taiwanese dollars ($17.05 billion). Capital expenditures for the company on a consolidated basis totaled $9.63 billion in the second quarter of 2025. The company&#8217;s cash and marketable securities stood at $90.36 billion at the end of the quarter.
<h2 class="wp-block-heading">Outlook</h2>
Taiwan Semiconductor&nbsp;guided third-quarter&nbsp;2025 revenue of $31.8 billion to $33.0 billion versus the $32.7&nbsp;billion <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus estimate</a>. It expects a gross margin of 55.5% to 57.5% and operating profit margins of 45.5% to 47.5%.
In a notable development, Taiwan Semiconductor&#8217;s Chairman, C.C. Wei, announced a <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46283410/taiwan-semiconductor-shifts-focus-100-billion-usa-expansion" rel="noreferrer noopener">significant increase</a> in the company&#8217;s investment in U.S. chip manufacturing in March. This new commitment of $100 billion came in addition to the $65 billion previously pledged in April 2024 for three fabrication plants in Arizona, one of which was already operational.
Taiwan Semiconductor stock gained over 20% year-to-date and 57% in the last three months. During the same periods, the PHLX Semiconductor Index (which includes Taiwan Semiconductor) gained over 14% and 48%.
The stock also got a boost from this week&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46412125/trumps-latest-move-on-ai-and-china-propels-chip-stocks" rel="noreferrer noopener">reports indicating the</a> Trump administration&#8217;s plans to announce roughly $70 billion in AI and energy investments in Pennsylvania, and the U.S. government&#8217;s move to ease certain chip export restrictions to China.
However, the company acknowledged in June <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45739051/tsmc-ceo-admits-trump-tariffs-have-some-impact-on-chipmaker-but-demand-consistently-outpacing-supply-thanks-to-ai" rel="noreferrer noopener">potential future headwinds</a> due to President Donald Trump&#8217;s trade policies, particularly his threats of &#8220;reciprocal tariffs&#8221; on Taiwan. Taiwan is currently subject to 32% tariffs imposed in April and is engaged in trade discussions with the U.S. Furthermore, Trump previously indicated the possibility of additional tariffs on semiconductors.
According to Reuters, the company noted that key client Nvidia had recently been allowed by the U.S. government to&nbsp;resume sales&nbsp;to China of its H20 AI chip. Taiwan Semiconductor Chief Executive C.C. Wei told a press conference, &#8220;China is a big market, and my customer can continue to supply the chip to the big market, and it&#8217;s very positive news for them and in return it&#8217;s very positive news for Taiwan Semiconductor.&#8221;
However, Wei indicated that the momentum for fourth-quarter earnings might differ. &#8220;We are taking into consideration the possible impact of tariffs and a lot of other uncertainties, so we are becoming more conservative,&#8221; he said, though he added that Taiwan Semiconductor had yet to see any changes in customer behavior so far.
Price Action:&nbsp;TSM stock is trading higher by 4.10% to $247.30 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46387337/taiwan-semiconductors-top-supply-chain-executive-exits" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s Top Supply Chain Executive Exits</a></li>
</ul>
Photo by Jack Hong via Shutterstock

Movers

Tech

Media

AAPL

NVDA

Nvidia-Supplier Taiwan Semiconductor On A Roll, Profit Explodes With Strong Margin Growth

GE Aero Q2 Adj. EPS $1.66 Beats $1.41 Estimate, Sales $11.023B

JPMorgan Chase &amp; Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.
What Happened: JPMorgan Chase is considering charging data aggregators, such as Plaid and MX, every time a customer transfers funds from their JPMorgan Chase account to a crypto account or a third-party service like Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>).
Crypto firms and fintechs commonly use these aggregators to access customer accounts held at major financial institutions such as JPMorgan Chase.
Check out the current price of&nbsp;<a href="https://benzinga.com/quote/JPM" target="_blank" rel="noreferrer noopener">JPM stock here</a>.
Anonymous industry executives have expressed concerns that this could make it financially unfeasible&nbsp;for many consumers to use&nbsp;stablecoins and crypto. They fear that the fees could &#8220;cripple the crypto industry,&#8221; reported Fortune. 
"This would put everyone out of business…It would require everyone to raise prices by 1000% to cover [the cost],"&nbsp;stated a fintech executive. 
Alex Rampell, a general partner at venture firm Andreessen Horowitz, expressed his opinion about JPMorgan&#8217;s latest move.  "It isn't about a new revenue stream. It's about strangling the competition. And if they get away with this, every bank will follow,&#8221; he stated.
Meanwhile, Arjun Sethi, co-CEO of Kraken, one of the largest crypto exchanges in the U.S., described JPMorgan&#8217;s plan as a &#8220;calculated move&#8221; to assert ownership over consumer data. He referred to the plan as a &#8220;toll&#8221; rather than a technical innovation.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46448779/inside-trumps-oval-office-crypto-push-why-did-11-republicans-suddenly-change-their-vote" target="_blank" rel="noreferrer noopener">Inside Trump&#8217;s Oval Office Crypto Push: Why Did 11 Republicans Suddenly Change Their Vote?</a>
Why It Matters: This move by JPMorgan Chase could have significant implications for the fintech industry. Several payments and fintech stocks, including&nbsp;Affirm Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>),&nbsp;PayPal Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), and&nbsp;Mastercard Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), experienced a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46377201/fintech-stocks-slip-as-jpmorgan-plans-data-access-fees-but-affirm-defies-the-trend">selloff on Friday </a>after JPMorgan announced its plans to charge significant fees for access to customer bank account data.
This move by JPMorgan could potentially disrupt the fintech industry and make it difficult for smaller players to compete. The impact of these fees on the industry remains to be seen, but this move by JPMorgan could have far-reaching consequences for the fintech and crypto sectors.
JPMorgan Chase&#8217;s&nbsp;<a href="https://www.benzinga.com/content/46456118/jpmorgan-q2-results-affirm-dividend-buybacks-amp-growth">Q2 report</a>&nbsp;with growth in net interest income and margins highlighted a positive turn in CEO Jamie Dimon&#8216;s comments, indicating resilience in the U.S. economy and financial landscape. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="775" height="125" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17052246/image-212.png" alt="" class="wp-image-989322" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17052246/image-212.png 775w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17052246/image-212-300x48.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17052246/image-212-768x124.png 768w" sizes="(max-width: 775px) 100vw, 775px" /></figure>
Benzinga's Edge Rankings place JPMorgan in the 83rd percentile for growth and momentum, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
READ MORE:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46450968/these-analysts-boost-their-forecasts-on-jpmorgan-after-upbeat-q2-earnings">These Analysts Boost Their Forecasts On JPMorgan After Upbeat Q2 Earnings</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

AFRM

HOOD

PYPL

JPMorgan's Plan To Impose Fees On Data Aggregators Could 'Cripple' The Crypto Industry, Say Execs: 'This Would Put Everyone Out Of Business'

HC Wainwright &amp; Co. analyst Scott Buck maintains Draganfly (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#NASDAQ">DPRO</a>) with a Buy and raises the price target from $3.5 to $6.

Price Target

Analyst Ratings

DPRO

HC Wainwright & Co. Maintains Buy on Draganfly, Raises Price Target to $6

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) with a Buy and maintains $75 price target.

Reiteration

LEGN

HC Wainwright & Co. Reiterates Buy on Legend Biotech, Maintains $75 Price Target

Vertiv To Acquire Great Lakes Data Racks For $200 Million To Boost AI-Ready Infrastructure And Expand High-Density Rack Solutions Portfolio

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) co-founder Joe Lonsdale is backing Bedrock Robotics, a construction automation startup that emerged from stealth this week to bring autonomous heavy machinery to the $2 trillion U.S. construction industry.
Why It Matters: Bedrock, founded by three former Waymo leaders including CEO Boris Sofman, aims to deploy AI-powered equipment capable of operating 24/7 without human intervention. The company represents Lonsdale&#8217;s latest investment in transforming traditional industries through advanced technology.
&#8220;Building has become too expensive and too slow to meet rising demand and aging infrastructure,&#8221; Lonsdale <a href="https://blog.joelonsdale.com/p/ep-119-former-waymo-leader-boris">said</a> on his &#8220;American Optimist&#8221; podcast, where he interviewed Sofman about the venture. The construction industry faces significant productivity challenges despite its massive scale, with the global market valued at $13 trillion.
Sofman, who holds a PhD in Robotics from Carnegie Mellon and previously led Waymo&#8217;s trucking division, argues that recent breakthroughs in autonomous vehicle technology can now be applied to construction equipment. 
After founding consumer robotics company Anki before its acquisition by Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, Sofman helped deploy Waymo&#8217;s self-driving technology across major U.S. cities.
The startup&#8217;s emergence coincides with growing labor tensions in the construction sector. Union leaders have criticized the automation push as &#8220;misguided,&#8221; arguing it threatens traditional construction jobs at a time when infrastructure investment is increasing.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46460828/meta-aws-roll-out-6-million-startup-program-to-counter-openai-make-llama-the-go-to-ai-model-for-builders">Meta, AWS Roll Out $6 Million Startup Program To Counter OpenAI, Make Llama The Go-To AI Model For Builders</a>
Why It Matters: However, Sofman maintains that autonomy will &#8220;unlock a wave of pent-up demand and create even more jobs and opportunities for humans&#8221; by reducing construction costs and improving project timelines. The company believes automation addresses critical industry bottlenecks rather than simply replacing workers.
Bedrock&#8217;s technology focuses on heavy machinery automation, leveraging AI systems developed for autonomous vehicles. The approach mirrors similar efforts in other industries where automation has initially supplemented rather than replaced human workers.
The investment aligns with Lonsdale&#8217;s broader strategy of backing <a href="https://www.benzinga.com/markets/equities/25/07/46214540/palmer-luckey-peter-thiel-joe-lonsdale-launch-erebor-bank-for-startups-crypto-and-defense-a-digital-only-bet-on-the-post-svb-era-report">technology solutions to national challenges</a>. His venture capital firm 8VC has consistently supported companies developing AI applications for traditional industries, from healthcare to defense contracting.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/07/46458652/tim-cooks-new-job-is-keeping-trump-happy-says-economist-justin-wolfers-innovation-takes-a-back-seat-to-political-favoritism" target="_blank" rel="noreferrer noopener">Tim Cook&#8217;s New Job Is Keeping Trump ‘Happy,&#8217; Says Economist Justin Wolfers: ‘Innovation Takes A Back Seat To Political Favoritism&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Mamun_Sheikh via Shutterstock

GOOG

GOOGL

PLTR

Palantir Co-Founder Joe Lonsdale Backs Bedrock Robotics To Automate Construction — Union Leader Calls It 'Misguided'

MP Materials Prices Upsized $650 Million Public Offering To Accelerate 10X Facility Expansion And Strategic Growth Initiatives

Outlook
We believe that our markets and our operations possess and have demonstrated continuing and considerable resilience against the uncertainties of the current environment. In 2025, Snap-on expects to make ongoing progress along its decisive runways for coherent growth, leveraging capabilities already proven in the automotive repair arena, developing and expanding its professional customer base, not only in automotive repair, but in adjacent markets, additional geographies and other areas, including extending in critical industries, where the cost and penalties for failure can be high. In pursuit of these initiatives, we project that capital expenditures in 2025 will approximate $100 million, of which $42.6 million was incurred in the first six months of the year.
Snap-on currently anticipates that its full-year 2025 effective income tax rate will be in the range of 22% to 23%.

Snap-on Expects Continued Growth In Automotive Repair, Adjacent Markets, And Global Expansion In 2025, Projects $100M In Capex

HC Wainwright &amp; Co. analyst Robert Burns maintains Elicio Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTX#NASDAQ">ELTX</a>) with a Buy and raises the price target from $10 to $13.

ELTX

HC Wainwright & Co. Maintains Buy on Elicio Therapeutics, Raises Price Target to $13

Integra Resources Corp. ("Integra" or the "Company") (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ITR#TSXV">ITR</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITRG#NYSE">ITRG</a>) is pleased to provide an interim operational update for the second quarter ended June 30, 2025 (the "second quarter 2025" or "Q2 2025"). The Company plans to release its second quarter 2025 financial results after market close on Wednesday, August 13, 2025, followed by a conference call hosted by senior management on Thursday, August 14, 2025 at 11:00 AM Eastern Time / 8:00 AM Pacific Time.
<a href="https://mma.prnewswire.com/media/2732922/Integra_Resources_Corp__INTEGRA_ANNOUNCES_CONSISTENT_SECOND_QUAR.html"><img src="https://mma.prnewswire.com/media/2732922/Integra_Resources_Corp__INTEGRA_ANNOUNCES_CONSISTENT_SECOND_QUAR.jpg" alt="Integra Resources Logo (CNW Group/Integra Resources Corp.)" /></a>
(All amounts in United States ("U.S.") dollars as at June 30, 2025, unless otherwise stated)
George Salamis, President, CEO and Director of Integra commented: "Florida Canyon continues to deliver on our expectations, generating meaningful cash flow to fund significant re-investment into the mine, while also supporting the Company's broader growth strategy. As described in our 2025 guidance, between sustaining and growth capital, the Company plans to invest over ~$55 million into Florida Canyon this year – capital that not only supports near-term improvements but also positions the mine for long-term growth and profitability. Overall, we are very pleased with the consistent operational delivery from Florida Canyon and the momentum it is helping us build across the business."
Second Quarter 2025 Florida Canyon Mine Operational Update
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Florida Canyon Mine Operating Highlights</td>
<td colspan="1" rowspan="1">&nbsp;Unit1</td>
<td colspan="1" rowspan="1">Three Months Ended June 30, 2025</td>
<td colspan="1" rowspan="1">Six Months Ended June 30, 2025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Ore mined</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">3,075</td>
<td colspan="1" rowspan="1">6,096</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Waste mined</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">2,966</td>
<td colspan="1" rowspan="1">4,765</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total mined</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">6,041</td>
<td colspan="1" rowspan="1">10,861</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Strip ratio</td>
<td colspan="1" rowspan="1">waste:ore</td>
<td colspan="1" rowspan="1">0.96</td>
<td colspan="1" rowspan="1">0.78</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Crushed ore to pad</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">1,882</td>
<td colspan="1" rowspan="1">3,646</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Run-of-mine ("ROM") ore to pad</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">1,275</td>
<td colspan="1" rowspan="1">2,474</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total ore placed</td>
<td colspan="1" rowspan="1">kt</td>
<td colspan="1" rowspan="1">3,157</td>
<td colspan="1" rowspan="1">6,120</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Processed grade</td>
<td colspan="1" rowspan="1">g/t Au</td>
<td colspan="1" rowspan="1">0.21</td>
<td colspan="1" rowspan="1">0.22</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gold recovery rate</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">60.5&nbsp;%</td>
<td colspan="1" rowspan="1">60.4&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gold produced</td>
<td colspan="1" rowspan="1">oz</td>
<td colspan="1" rowspan="1">18,086</td>
<td colspan="1" rowspan="1">37,410</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gold sold</td>
<td colspan="1" rowspan="1">oz</td>
<td colspan="1" rowspan="1">18,194</td>
<td colspan="1" rowspan="1">37,734</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">1.&nbsp; Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce</td>
</tr>
</tbody>
</table>
</figure>
The Florida Canyon Mine ("Florida Canyon") produced 18,086 ounces of gold and sold 18,194 ounces of gold during the second quarter 2025, in-line with the Company's expectations. Consistent gold production was supported by the recovery of gold ounces placed on the Phase IIIa heap leach pad in the first and second quarters of 2025, as well as residual ounces leached from Phase I and II heap leach pads. The increased strip ratio during the second quarter 2025 is a result of increased capitalized waste stripping as part of the Company's re-investment strategy at Florida Canyon, which was outlined in the Company's 2025 guidance. During the second quarter 2025 construction of the Phase IIIb heap leach pad at Florida Canyon was initiated, with commissioning expected in late 2025.
Second Quarter 2025 Financial Position
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Financial Position as of June 30, 2025</td>
<td colspan="1" rowspan="1">Unit1&nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash and cash equivalents</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">63.0</td>
</tr>
</tbody>
</table>
</figure>

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