Business
Idaho Strategic Resources Reports Record Operating and Financial Performance for 2024
Annual Revenue Increased 88.66%, While Annual Net Income Increased 663.27% Ended 2024 With Cash and Investments in US Treasury Notes Totaling $16,091,024 Achiev
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" Annual Revenue Increased 88.66%, While Annual Net Income Increased 663.27% Ended 2024 With Cash and Investments in US Treasury Notes Totaling $16,091,024 Achieved Nine Consecutive Quarters of GAAP Profitability COEUR D'ALENE, ID / ACCESS Newswire / March 31, 2025 / Idaho Strategic Resources, Inc. (NYSE American:IDR) (\"IDR\", \"Idaho Strategic\" or the \"Company\") today announced its consolidated operating and financial results for the year ending December 31, 2024. IDR achieved record annual gold production and financial performance during 2024. Key highlights include: Operational Performance: 2024 % Change 2023 Ore Tonnes Processed 41,140 2.52 % 40,130 Average Flotation Feed Grade (gpt) 9.67 44.11 % 6.71 Ounces Produced 11,915 44.48 % 8,247 All In Sustaining Cost Per Ounce ($USD) $ 1,478.41 15.56 % $ 1,279.38 Financial Performance ($USD): 2024 % Change 2023 Revenue $ 25,765,373 88.66 % $ 13,656,733 Total Cost of Sales $ 12,814,880 32.23 % $ 9,691,697 Gross Profit $ 12,950,493 226.62 % $ 3,965,036 Net Income Attributable to IDR $ 8,836,685 663.27 % $ 1,157,746 Earnings Per Share (EPS) $ 0.68 655.56 % $ 0.09 Idaho Strategic's CEO and President, John Swallow stated, \"Hats off to our employees and stakeholders. It says a lot about a team that can follow-up the work that went into a pivotal year like 2023 - with a totally transformational year like 2024. To say we hit the ground running in 2024 is an understatement. We had record revenue and profit throughout the year, eliminated most of our debt, added cash (and treasury notes) to our balance sheet, invested considerably in operations and facilities at the Golden Chest, continued near-mine exploratory drilling throughout the year, replaced and added to reserves, and we are embarking on a 2025 that will most likely be the busiest year in company history. Again, congrats to all of our ...