Idaho Strategic Resources Inc. ( (IDR) ) has released its Q1 earnings. Here is a breakdown of the information Idaho Strategic Resources Inc. presented to its investors.
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Idaho Strategic Resources, Inc. is an Idaho-based company engaged in gold production and rare earth elements exploration, uniquely positioned as the only publicly traded company in the U.S. with both growing gold production and significant potential in rare earth elements development.
In the first quarter of 2025, Idaho Strategic Resources reported a record quarterly revenue of $7.28 million, marking a 23.39% increase from the previous year. This achievement is attributed to the company’s production-backed exploration business plan, which has led to significant reinvestment in exploration activities, particularly at the Golden Chest Mine.
Key financial highlights include the processing of 11,337 dry metric tonnes of ore, resulting in the production of 2,900 ounces of gold. The all-in sustaining cost per ounce rose by 21.98% to $1,430.90, reflecting increased exploration investments. The company also reported a net income of over $1.6 million for the quarter, despite higher expenses due to exploration and non-cash charges related to stock options and equipment exchanges.
Strategically, Idaho Strategic Resources has made substantial progress in its exploration and development projects, including the construction of a new tailings filtration circuit and the commissioning of a Paste Backfill Plant. The company is also advancing its rare earth elements exploration plans, aligning with broader geopolitical and economic trends.
Looking ahead, Idaho Strategic Resources remains committed to its long-term business strategy, focusing on value-added exploration and development across its asset base. The company anticipates further growth in its exploration activities and aims to enhance shareholder returns through strategic investments and operational advancements.