Business
Idaho Strategic Resources Reports First Quarter 2025 Operating and Financial Performance
Highlighted by a 23.39% Increase in Revenue to $7,278,536 - a New Quarterly Revenue Record, and the Completion of 4,230 Meters of Drilling at the Golden Chest M
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" Highlighted by a 23.39% Increase in Revenue to $7,278,536 - a New Quarterly Revenue Record, and the Completion of 4,230 Meters of Drilling at the Golden Chest Mine COEUR D'ALENE, ID / ACCESS Newswire / May 8, 2025 / Idaho Strategic Resources, Inc. (NYSE American:IDR) (\"IDR\", \"Idaho Strategic\" or the \"Company\") today announced its consolidated operating and financial results for the first quarter ending March 31, 2025. The Company's production-backed exploration business plan is in full effect in 2025, resulting in the highest quarterly revenue in Company history and a significant reinvestment of cash flow in drilling and other exploration activities. Operating and financial results for the first quarter include: Operational Performance: Q1 2025 % Change Q1 2024 Ore Tonnes Processed 11,337 10.01% 10,300 Average Flotation Feed Grade (gpt) 8.67 -15.91% 10.31 Ounces Produced 2,900 -6.93% 3,116 All-In Sustaining Cost Per Ounce ($USD) $1,430.90 21.98% $1,173.10 Financial Performance ($USD): Q1 2025 % Change Q1 2024 Revenue $7,278,536 23.39% $5,898,938 Total Cost of Sales $3,580,450 16.98% $3,060,701 Gross Profit $3,698,086 30.30% $2,838,237 Net Income Attributable to IDR $1,608,979 -25.89% $2,171,109 Earnings Per Share (EPS) $0.12 -29.41% $0.17 Average Realized Gold Price $2,848.74 44.73% $1,968.28 Idaho Strategic's President and CEO, John Swallow stated, \"Continuing with our impressive results in 2024, we enjoyed year over year record quarterly revenue. And while we did show slightly lower grades at the mill and a modest decrease in ounces produced, more important is that our production-backed exploration business plan also allowed for a more than 5-fold increase in drilling investment during the quarter over the prior year. Together with our investment plans for the remainder of 2025 as outlined below, it is easy to see that our team is hitting on all cylinders and at the right time given the unprecedented level of investment/work planned for 2025. It is important to note that this will be the year that the benefits of full implementation of our 'production-backed exploration' business plan are felt across almost our entire asset base. During 2025 we are already executing our largest exploration program ever at the Golden Chest Mine; stepping out with additional exploration and first and second round drilling in the broader ...