sur Idaho Strategic Resources, Inc. (NASDAQ:IDR)
Idaho Strategic Achieves Record Financial Growth in 2024
Idaho Strategic Resources, Inc. reported substantial financial gains for 2024, with annual revenue rising by 88.66% to $25.77 million and net income surging 663.27% to $8.84 million. This marked the company’s ninth consecutive profitable quarter under GAAP.
Operationally, Idaho Strategic boosted gold production by 44.48% to 11,915 ounces. The company processed 41,140 tonnes of ore at an average grade of 9.67 grams per tonne. Costs increased, with All In Sustaining Cost per ounce rising 15.56% to $1,478.41.
Cash and investments in US Treasury notes totaled $16.09 million by year-end. CEO John Swallow emphasized the transformative nature of the year, highlighting efforts to strengthen operations and expand reserves.
The company actively engaged in industry events and explored rare earth minerals, positioning itself for continued growth in a potentially volatile market.
R. E.
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