04:39 PM EST, 01/22/2025 (MT Newswires) -- Integra Resources ( ITRG ) was at last look up 14% in US after-hours trading as it released record fourth quarter and full year 2024 production from the Florida Canyon Mine in Nevada.

The company said the mine produced 72,229 ounces of gold last year, the most in 21 years, while fourth-quarter output was 21,278.

Integra is also putting a gold price protection program in place for 2025 production at Florida Canyon, with the company putting hedges in place on 37,800 ounces of gold though put options with a US$2,400 per ounce strike price.

"We are excited to announce record gold production of 72,229 ounces from Florida Canyon in 2024, marking the highest total production from the mine in 21 years. This represents a significant milestone for Integra as it marks the inaugural reported production for the company," chief executive George Salamis, said in a statement.

Salamis added Integra ended the year with near US$52 million in cash, "demonstrating the company's excellent financial position to begin 2025".

The company's shares were last seen up US$0.12 to US$0.95 after hours. They close up $0.01 to $1.19 on the TSX Venture Exchange.