Idaho Strategic Reports Strong Q3 2024 Financial Performance

Idaho Strategic Resources, Inc. announced impressive financial results for the third quarter of 2024, marked by significant increases in both revenue and net income. The company reported an 86.39% surge in revenue, reaching $6.15 million, and a 376.44% increase in net income, amounting to $2 million, compared to Q3 2023. These results underscore the effectiveness of the company's strategic initiatives despite rising exploration expenses.

Operational highlights for the quarter included the processing of 10,470 tonnes of ore, with a notable increase in average flotation feed grade to 9.32 gpt, and cost improvements post-exploration adjustments bringing all-in sustaining costs to $1,109.79 per ounce.

CEO John Swallow praised the team's efforts and highlighted the company's focus on financial discipline and strategic asset growth. He emphasized ongoing projects such as core drilling and mill construction, which bolster Idaho Strategic's production capabilities and future prospects.