[PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [ITEM 1. Financial Statements](index=3&type=section&id=ITEM%201.%20Financial%20Statements) Presents unaudited condensed consolidated financial statements, covering balance sheets, operations, equity, cash flows, and detailed notes [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheets | Metric | March 31, 2025 | December 31, 2024 | | :-------------------------------- | :------------- | :---------------- | | Total Assets | $48,067,150 | $44,021,630 | | Total Liabilities | $5,564,912 | $3,608,316 | | Total Stockholders' Equity | $42,502,238 | $40,413,314 | | Current Assets | $12,727,803 | $11,742,073 | | Current Liabilities | $2,914,813 | $2,279,549 | [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Condensed Consolidated Statements of Operations | Metric | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :--------------------------------------- | :-------------------------------------- | :-------------------------------------- | | Revenue | $7,278,536 | $5,898,938 | | Gross Profit | $3,698,086 | $2,838,237 | | Operating Income | $1,401,254 | $2,141,973 | | Net Income attributable to Idaho Strategic Resources, Inc. | $1,608,979 | $2,171,109 | | Net Income per common share-basic | $0.12 | $0.17 | | Exploration Expense | $1,371,433 | $267,848 | [Condensed Consolidated Statement of Changes in Stockholders' Equity](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Stockholders'%20Equity) Condensed Consolidated Statement of Changes in Stockholders' Equity | Metric | March 31, 2025 | January 1, 2025 | | :--------------------------------------- | :------------- | :-------------- | | Total Stockholders' Equity | $42,502,238 | $40,413,314 | | Stock options issued to management, directors and employees | $495,146 | - | | Net income (loss) | $1,608,979 | - | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Condensed Consolidated Statements of Cash Flows | Cash Flow Activity | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | | Operating activities | $2,409,589 | $2,579,853 | | Investing activities | $(1,993,128) | $(1,004,815) | | Financing activities | $(217,238) | $1,433,420 | | Net change in cash and cash equivalents | $199,223 | $3,008,458 | | Cash and cash equivalents, end of period | $1,306,124 | $5,295,457 | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Provides detailed information on accounting policies, financial statement line items, and significant transactions, including investments and equity [Note 1. The Company and Significant Accounting Policies](index=6&type=section&id=Note%201.%20The%20Company%20and%20Significant%20Accounting%20Policies) - The company's unaudited interim financial statements are prepared in accordance with GAAP, with estimates and assumptions that may differ from actual results[19](index=19&type=chunk)[20](index=20&type=chunk) - Consolidates accounts of the Company and its majority-owned subsidiary, the New Jersey Mill Joint Venture (NJMJV)[22](index=22&type=chunk) - Revenue from gold sales is recognized upon transfer of control, with concentrate sales estimated at shipment and adjusted to final settlement prices; timber revenue is recognized upon completion of performance obligations[23](index=23&type=chunk)[25](index=25&type=chunk) - Exploration costs are expensed as incurred, while pre-development costs are capitalized once ore reserves are identified as economically developable[27](index=27&type=chunk) - The company operates as a single operating segment, with the CEO as the Chief Operating Decision Maker (CODM) using consolidated net income to assess performance[39](index=39&type=chunk) - Adopted ASU 2023-05 (JV Formations) with no material impact; currently evaluating ASU 2023-09 (Income Tax Disclosures) and ASU 2024-03 (Expense Disaggregation Disclosures)[40](index=40&type=chunk)[41](index=41&type=chunk)[42](index=42&type=chunk) [Note 2. Investments in US Treasury Notes](index=9&type=section&id=Note%202.%20Investments%20in%20US%20Treasury%20Notes) Investments in US Treasury Notes | Metric | March 31, 2025 | December 31, 2024 | | :--------------------------------------- | :------------- | :---------------- | | Total Amortized Cost | $15,073,154 | $14,984,123 | | Gross Unrealized Gains | $97,846 | $102,877 | | Fair Value | $15,171,000 | $15,087,000 | [Note 3. Inventories](index=9&type=section&id=Note%203.%20Inventories) Inventories | Inventory Type | March 31, 2025 | December 31, 2024 | | :----------------------- | :------------- | :---------------- | | Total Inventories | $1,171,594 | $899,924 | | Finished Goods Concentrate | $643,028 | $334,033 | | Supplies Inventory | $528,566 | $565,891 | [Note 4. Sales of Products](index=9&type=section&id=Note%204.%20Sales%20of%20Products) Sales of Products | Product | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :---------------------- | :-------------------------------------- | :-------------------------------------- | | Gold Sales | $7,405,388 | $6,121,129 | | Silver Sales | $31,755 | $24,245 | | Total Revenue | $7,278,536 | $5,898,938 | - As of March 31, 2025, **6,768 ounces of metals** had been sold but not finally settled, with **5,225 ounces** exposed to future price changes[47](index=47&type=chunk) [Note 5. Related Party Transactions](index=10&type=section&id=Note%205.%20Related%20Party%20Transactions) Related Party Transactions | Expense Type | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :----------------------- | :-------------------------------------- | :-------------------------------------- | | Related Party Lease Payments | $7,688 | $7,620 | [Note 6. JV Arrangements](index=10&type=section&id=Note%206.%20JV%20Arrangements) - The company owns **65% of the NJMJV**, which is consolidated due to significant influence[35](index=35&type=chunk)[50](index=50&type=chunk) - The company holds a **50% interest in Butte Highlands JV, LLC**, accounted for on a cost basis due to lack of significant influence[35](index=35&type=chunk)[51](index=51&type=chunk) JV Arrangements | Metric | March 31, 2025 | December 31, 2024 | | :----------------------- | :------------- | :---------------- | | Joint Venture Receivable | $1,927 | $2,892 | [Note 7. Earnings per Share](index=10&type=section&id=Note%207.%20Earnings%20per%20Share) Earnings per Share | Metric | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :--------------------------------------- | :-------------------------------------- | :-------------------------------------- | | Net Income per Common Share - Basic | $0.12 | $0.17 | | Weighted Average Common Share Outstanding - Basic | 13,666,321 | 12,513,374 | | Incremental Shares (Stock Options) | 69,449 | 109,243 | [Note 8. Property, Plant, and Equipment](index=11&type=section&id=Note%208.%20Property,%20Plant,%20and%20Equipment) Property, Plant, and Equipment | Asset Category | March 31, 2025 | December 31, 2024 | | :--------------------------------------- | :------------- | :---------------- | | Total Property, Plant and Equipment, Net | $15,868,020 | $12,904,065 | | Mine Equipment, Net | $6,310,470 | $4,378,247 | | Mill Equipment, Net | $5,819,693 | $5,126,779 | [Note 9. Mineral Properties](index=11&type=section&id=Note%209.%20Mineral%20Properties) Mineral Properties | Metric | March 31, 2025 | December 31, 2024 | | :--------------------------------------- | :------------- | :---------------- | | Total Mineral Properties, Net | $10,994,040 | $10,573,349 | | Golden Chest Infrastructure | $5,177,358 | $4,722,328 | | Capitalized Interest Expense (Golden Chest) | $43,387 (Q1 2025) | $19,377 (Q1 2024) | [Note 10. Notes Payable](index=12&type=section&id=Note%2010.%20Notes%20Payable) Notes Payable | Metric | March 31, 2025 | December 31, 2024 | | :--------------------------------------- | :------------- | :---------------- | | Total Notes Payable | $3,670,541 | $1,732,739 | | Mine Equipment Notes | $2,804,567 | $962,384 | | Current Portion of Notes Payable | $1,330,738 | $709,381 | [Note 11. Investment in Buckskin](index=12&type=section&id=Note%2011.%20Investment%20in%20Buckskin) - The company holds a **37% common stock interest in Buckskin Gold and Silver, Inc.**, accounted for using the equity method[57](index=57&type=chunk) - The company makes an annual payment of **$12,000** to Buckskin per a mineral lease[57](index=57&type=chunk) Investment in Buckskin | Metric | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :--------------------------------------- | :-------------------------------------- | :-------------------------------------- | | Equity Income on Investment | $1,346 | $1,867 | [Note 12. Stockholders' Equity](index=12&type=section&id=Note%2012.%20Stockholders'%20Equity) - In Q1 2025, **3,722 shares of common stock** were issued for outstanding stock options via cashless exercises by employees[58](index=58&type=chunk) - There were no stock purchase warrants outstanding at March 31, 2025, as all remaining warrants were exercised in 2024[60](index=60&type=chunk) [Note 13. Stock Options](index=13&type=section&id=Note%2013.%20Stock%20Options) - On January 15, 2025, the company granted **400,000 stock options** to employees with an exercise price of **$11.50**, resulting in **$495,146** in stock-based compensation expense for the period[61](index=61&type=chunk) Stock Options | Metric | March 31, 2025 | December 31, 2024 | | :--------------------------------------- | :------------- | :---------------- | | Outstanding Stock Options | 471,000 | 77,000 | | Weighted Average Exercise Price (Outstanding) | $10.55 | $5.17 | [Note 14. Subsequent Events](index=13&type=section&id=Note%2014.%20Subsequent%20Events) - Subsequent to March 31, 2025, **380,000 shares of common stock** were issued for net proceeds of **$6,246,713**[64](index=64&type=chunk) - Subsequent to March 31, 2025, **11,000 stock options** were exchanged for **7,658 shares of common stock** in cashless exercises by employees[64](index=64&type=chunk) [Forward-Looking Statements](index=13&type=section&id=Forward-Looking%20Statements) Provides a safe harbor statement for forward-looking statements, cautioning about risks and uncertainties that could cause actual results to differ - Forward-looking statements cover current expectations and projections about future results, performance, litigation, prospects, and opportunities, including reserves and other mineralization[63](index=63&type=chunk) - These statements are subject to risks, uncertainties, and other factors detailed in the Company's 2024 Form 10-K and this Form 10-Q[65](index=65&type=chunk) - The Company does not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by federal securities laws[65](index=65&type=chunk) [ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=14&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses operational strategy, critical accounting estimates, and Q1 2025 financial performance, highlighting gold production and REE exploration [Plan of Operation](index=14&type=section&id=Plan%20of%20Operation) - Idaho Strategic is a gold producer and critical minerals/REE exploration company focused on generating positive cash flow and increasing its gold production and asset base[66](index=66&type=chunk)[67](index=67&type=chunk) - Primary focus is to grow production at the Golden Chest Mine and reinvest cash flow into the mine, New Jersey Mill, and REE exploration efforts[68](index=68&type=chunk) - Strategic expansion into REEs is driven by anticipated demand in electrification, defense spending, and domestic supply chain security, with the company believing it has a first-mover advantage in Idaho's REE land holdings[69](index=69&type=chunk) - The company plans to continue seeking partnerships to advance the U.S.' domestic REE supply chain[70](index=70&type=chunk) [Critical Accounting Estimates](index=14&type=section&id=Critical%20Accounting%20Estimates) - Key estimates include ounces of gold in process and concentrate inventory, and in shipped concentrate, which are subject to final assays and gold price fluctuations between shipment and settlement[71](index=71&type=chunk)[72](index=72&type=chunk) - The asset retirement obligation (ARO) is based on an estimate of future remediation costs, discounted using a credit-adjusted risk-free rate, and is reviewed annually[71](index=71&type=chunk)[73](index=73&type=chunk) - Estimated ARO costs at March 31, 2025, are **$104,000** for the Golden Chest Mine and **$224,000** for the New Jersey Mine and Mill[73](index=73&type=chunk) [Highlights during the first quarter of 2025](index=15&type=section&id=Highlights%20during%20the%20first%20quarter%20of%202025) - Announced REE exploration plans for the 2025 field season[74](index=74&type=chunk) - Golden Chest operations: **11,400 tonnes of ore mined**, **176 meters of exploration drifting**, **77 meters of ramping**, and **3,430 cubic meters of backfilling** completed[76](index=76&type=chunk) - New Jersey Mill operations: **11,337 dry metric tonnes processed** with a flotation feed head grade of **8.67 gpt gold** and **91.7% gold recovery**[76](index=76&type=chunk) - Construction of the new tailings filtration circuit at the New Jersey Mill was **80% complete**, with commissioning expected in Q2[76](index=76&type=chunk) - Exploration drilling: **4,230 meters of surface core drilling** completed, and underground drilling restarted focusing on the Klondike area and Red Star zone[76](index=76&type=chunk) [Results of Operations](index=15&type=section&id=Results%20of%20Operations) - Revenue increased **23.4% to $7,278,536** in Q1 2025, driven by an increased average gold price realized of **$2,848.74 per ounce** (up from **$1,968.28** in Q1 2024)[76](index=76&type=chunk) - Gross profit as a percentage of sales increased slightly from **48.1%** in Q1 2024 to **50.8%** in Q1 2025[76](index=76&type=chunk) - Operating income decreased by **$740,719 to $1,401,254** in Q1 2025, primarily due to a significant increase in exploration expense[76](index=76&type=chunk) - Net income decreased to **$1,591,851** in Q1 2025 from **$2,155,814** in Q1 2024, attributed to higher exploration expense and **$495,146** in stock-based compensation[83](index=83&type=chunk) - Other income increased by **$176,756 to $190,597** in Q1 2025, due to increased interest income and gains on US treasuries[83](index=83&type=chunk) [Cash Costs and All In Sustaining Costs ("AISC") Reconciliation to Generally Accepted Accounting Principles ("GAAP")](index=16&type=section&id=Cash%20Costs%20and%20All%20In%20Sustaining%20Costs%20(%22AISC%22)%20Reconciliation%20to%20Generally%20Accepted%20Accounting%20Principles%20(%22GAAP%22)) Cash Costs and All In Sustaining Costs ("AISC") Reconciliation to Generally Accepted Accounting Principles ("GAAP") | Metric | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :--------------------------------------- | :-------------------------------------- | :-------------------------------------- | | Cash Cost per Ounce | $846.22 | $846.84 | | AISC per Ounce | $1,430.90 | $1,173.10 | | Ounces Produced | 2,900 | 3,116 | | Exploration Costs | $1,371,433 | $267,848 | - Cash cost per ounce remained flat year-over-year, indicating diligence in keeping production costs low[83](index=83&type=chunk) - AISC per ounce increased due to higher exploration costs from underground and surface drilling at the Golden Chest Mine[83](index=83&type=chunk) - Adjusted AISC without exploration expenses were **$993.74 per ounce** in Q1 2025, compared to **$1,115.11 per ounce** in Q1 2024[83](index=83&type=chunk) [Financial Condition and Liquidity](index=16&type=section&id=Financial%20Condition%20and%20Liquidity) Financial Condition and Liquidity | Cash Flow Activity | Three-Month Period Ended March 31, 2025 | Three-Month Period Ended March 31, 2024 | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | | Operating activities | $2,409,589 | $2,579,853 | | Investing activities | $(1,993,128) | $(1,004,815) | | Financing activities | $(217,238) | $1,433,420 | | Net change in cash and cash equivalents | $199,223 | $3,008,458 | | Cash and cash equivalents, end of period | $1,306,124 | $5,295,457 | - The company is currently producing profitably from underground at the Golden Chest Mine[84](index=84&type=chunk) - Management believes cash flows from operations and existing cash are sufficient to conduct planned operations and meet contractual obligations for the next 12 months, supported by profitable production, equity sales, and potential debt borrowings or restructurings[84](index=84&type=chunk) [ITEM 3. Quantitative and Qualitative Disclosures about Market Risk](index=17&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) States that quantitative and qualitative disclosures about market risk are not required for small reporting companies - Quantitative and qualitative disclosures about market risk are not required for small reporting companies[85](index=85&type=chunk) [ITEM 4. Controls and Procedures](index=17&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were evaluated and deemed effective as of March 31, 2025, with no material changes in internal control [Disclosure Controls and Procedures](index=17&type=section&id=Disclosure%20Controls%20and%20Procedures) - The Company's disclosure controls and procedures were evaluated by the President (CEO) and Vice President (CFO) and concluded to be effective as of March 31, 2025[86](index=86&type=chunk)[87](index=87&type=chunk) - These controls are designed to ensure timely and accurate reporting of information required under the Exchange Act[86](index=86&type=chunk)[87](index=87&type=chunk) [Changes in internal control over financial reporting](index=17&type=section&id=Changes%20in%20internal%20control%20over%20financial%20reporting) - There was no material change in internal control over financial reporting during the quarter ended March 31, 2025[88](index=88&type=chunk) [PART II - OTHER INFORMATION](index=19&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [ITEM 1. Legal Proceedings](index=19&type=section&id=ITEM%201.%20Legal%20Proceedings) No legal proceedings were reported during the period - No legal proceedings were reported[90](index=90&type=chunk) [ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=19&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Shares were issued via cashless stock option exercises in Q1 2025 and for warrants/options in Q1 2024, relying on Securities Act exemptions - In the first quarter of 2025, **3,722 shares of common stock** were issued for outstanding stock options via cashless exercise[92](index=92&type=chunk) - In the first quarter of 2024, **147,026 shares of common stock** were issued for warrants (net proceeds of **$823,346**) and **5,357 shares** for stock options (net proceeds of **$29,999**), along with **5,887 shares** for cashless stock options[92](index=92&type=chunk) - The company relied on the transaction exemption afforded by Section 4(a)(2) of the Securities Act of 1933 and Regulation D Rule 506(b) for these unregistered sales[93](index=93&type=chunk) [ITEM 3. Defaults Upon Senior Securities](index=19&type=section&id=ITEM%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no outstanding senior securities - The company has no outstanding senior securities[94](index=94&type=chunk) [ITEM 4. Mine Safety Disclosures](index=19&type=section&id=ITEM%204.%20Mine%20Safety%20Disclosures) Mine safety information, including violations and regulatory matters, is included in exhibit 95 to this report - Mine safety information required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in exhibit 95[95](index=95&type=chunk) [ITEM 5. Other Information](index=19&type=section&id=ITEM%205.%20Other%20Information) No other information was reported in this section - No other information was disclosed in this item[96](index=96&type=chunk) [ITEM 6. Exhibits](index=20&type=section&id=ITEM%206.%20Exhibits) Lists all exhibits filed with the Form 10-Q, including corporate governance documents, option grants, certifications, and XBRL - Exhibits include Amended and Restated Articles of Incorporation and By-laws[97](index=97&type=chunk) - Registrant's Grant of Options to Employees and Directors dated January 15, 2025 (Exhibit 10.1) is included[97](index=97&type=chunk) - Certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are filed[97](index=97&type=chunk) - Mine safety information (Exhibit 95) and various XBRL documents are also part of the exhibits[97](index=97&type=chunk)

Core Viewpoint - The article provides a "Buy" rating for Idaho Strategic Resources, Inc. (NYSE: IDR), aligning with a previous recommendation made on December 11, 2024, indicating a favorable outlook for the company's stock [1]. Company Analysis - Idaho Strategic Resources, Inc. is highlighted as a company that fits various investor profiles, including those seeking dividends, value propositions, or growth opportunities [1]. - The analyst, Alberto, possesses a Master's degree in Business Economics and has a strong managerial and economic background, which supports the credibility of the analysis [1]. Investment Strategy - The article outlines a useful investment strategy that can cater to different types of investors, emphasizing the versatility of Idaho Strategic Resources, Inc. in the market [1].

Core Viewpoint - Fitch Ratings has revised the outlook of Marex Group plc's Long-Term Issuer Default Rating (IDR) to positive from stable, affirming its Long-Term IDR at 'BBB-' [1][2] Group Performance - The positive outlook reflects Marex's strong and growing earnings across variable market conditions, as well as the expansion and diversification of its franchise through both organic growth and bolt-on acquisitions [2] - Marex has well-managed liquidity and maintains an adequate buffer over regulatory capital requirements [2] Leadership Commentary - Ian Lowitt, CEO of Marex, stated that the positive outlook from Fitch highlights the strength and scalability of Marex's diversified global platform and its 10-year track record of sequential growth through various market environments [3] - The company's risk control framework is central to its strategy, adapting to the expanding business [3] Company Overview - Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [4] - The Group offers a comprehensive range of services, including Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions, with a leading position in major metals, energy, and agricultural products [4] - Marex has access to 60 exchanges and serves a broad client base, including large commodity producers, consumers, traders, banks, hedge funds, and asset managers, with over 2,400 employees across more than 40 offices worldwide [4]

Core Insights - Idaho Strategic Resources, Inc. (IDR) reported a significant increase in earnings per share (EPS) for the fourth quarter of 2024, reaching 18 cents, surpassing the Zacks Consensus Estimate of 16 cents and reflecting an 800% increase from 2 cents in the same quarter of 2023 [1][2] - The company achieved record revenues of $25.8 million for the full year 2024, exceeding the Zacks Consensus Estimate of $25 million and marking an 88.7% year-over-year improvement [3] - IDR produced a record 11,915 ounces of gold in 2024, a 45% increase compared to the previous year [3] Financial Performance - Revenues for the fourth quarter were reported at $7.59 million, a 101% year-over-year increase, beating the Zacks Consensus Estimate of $7 million [2] - Cost of sales for the full year was approximately $13 million, up from $10 million in 2023, while gross profit rose to $12.95 million from $3.97 million in 2023, resulting in a gross margin improvement to 50.3% from 29% [4] - Operating income increased by 732% year-over-year to $8.4 million, with an operating margin of 32.7% compared to 7.4% in 2023 [4] Cost and Cash Position - The all-in-sustaining cost per ounce rose to $1,478.41 in 2024 from $1,279.38 in the previous year, attributed to increased exploration costs [5] - The company ended the year with a cash balance of $16.1 million [5] Stock Performance - Idaho Strategic Resources shares have appreciated by 65% over the past year, outperforming the industry growth of 42.7% [6] Industry Context - The performance of Idaho Strategic Resources is notable in comparison to peers such as Alamos Gold, Barrick Gold, and Kinross Gold, which also reported strong earnings and revenue growth in the same period [10][11][12]

Group 1 - Idaho Strategic Resources, Inc. (IDR) reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing significant growth from $0.02 per share a year ago, resulting in an earnings surprise of 12.50% [1] - The company achieved revenues of $7.59 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.40%, and compared to $3.78 million in the same quarter last year [2] - Over the last four quarters, Idaho Strategic Resources has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Group 2 - The stock has increased approximately 31.8% since the beginning of the year, contrasting with the S&P 500's decline of -5.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $7 million, and for the current fiscal year, it is $0.77 on revenues of $28 million [7] Group 3 - The Zacks Industry Rank indicates that the Mining - Gold sector is currently in the bottom 40% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, Comstock Inc. (LODE), is expected to report a quarterly loss of $0.20 per share, with a significant revision of the consensus EPS estimate down by 400% over the last 30 days [9]

Forward-Looking Statements and Risks - The company emphasizes that forward-looking statements are based on management's estimates and assumptions, and actual results may vary significantly from those anticipated[11]. - Risks include global economic uncertainties, operational difficulties in mining activities, and potential inability to comply with government regulations, which could adversely affect financial performance[12]. - The company warns that interruptions in production capabilities and fluctuations in commodity prices, particularly gold, could impact cash flows and market price of securities[13]. Strategic Objectives and Internal Controls - There is a potential inability to grow revenues and attract key personnel, which may hinder the company's strategic objectives[27]. - The company highlights the importance of maintaining effective internal controls over financial reporting to mitigate risks associated with financial obligations[27].

Company Overview - Idaho Strategic Resources, Inc. (IDR) shares increased by 6% to close at $12.99, following a notable trading volume compared to typical sessions, despite a 4.7% loss over the past four weeks [1] - The company announced additional high-grade drill highlights from its Golden Chest Mine, intersecting high-grade gold in six separate veins near the current underground infrastructure [2] Earnings Expectations - The upcoming quarterly earnings for Idaho Strategic are projected at $0.16 per share, reflecting a year-over-year increase of 700% [2] - Revenues are expected to reach $7 million, which is an 85.2% increase from the same quarter last year [2] Market Trends - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements, indicating potential strength in the stock [3] - The consensus EPS estimate for Idaho Strategic has remained unchanged over the last 30 days, suggesting that the stock's price may not continue to rise without changes in earnings estimates [4] Industry Context - Idaho Strategic Resources is part of the Zacks Mining - Gold industry, where another company, Kinross Gold (KGC), saw a 3.4% increase to $12.02, with a 3.2% return over the past month [4] - Kinross Gold's consensus EPS estimate has decreased by 3.8% over the past month to $0.17, representing a 70% increase from the previous year [5]

Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Core Viewpoint - Idaho Strategic Resources, Inc. (IDR) reported strong third-quarter results but missed consensus estimates, leading to a 27% decline in share price since the announcement despite a year-to-date gain of 83% [1][2]. Financial Performance - IDR's revenues for Q3 2024 were $6.15 million, an 86.4% increase year-over-year, but below the Zacks Consensus Estimate of $7.4 million [4]. - The company produced 2,892 ounces of gold in the quarter, a 45% increase from the previous year, bringing year-to-date production to 9,025 ounces [4]. - Gross margin improved to 48.7% from 33.5% year-over-year, and operating income surged 248% to $1.4 million, with an operating margin of 23.4% [5]. Exploration and Costs - Exploration expenses increased due to heightened drilling activities at the Golden Chest Mine, with all-in-sustaining costs per ounce rising to $1,500.86 from $1,333.73 year-over-year [6]. - The company has discovered the Red Star Vein during drilling, indicating potential for future production, although economic feasibility is still uncertain [12]. Earnings Estimates - The Zacks Consensus Estimate for IDR's fiscal 2024 earnings has decreased over the past 60 days, yet still suggests a year-over-year increase of 689% [7]. - Earnings estimates for fiscal 2025 have improved, indicating an 11.3% rise year-over-year [8]. Liquidity and Growth Plans - As of Q3 2024, IDR had cash and cash equivalents of $8.4 million, up from $2.3 million at the end of 2023, with a total debt-to-total capital ratio of 0.06, significantly lower than the industry average of 0.16 [13]. - The company plans to invest in existing mines and explore new opportunities, including drilling at the Eastern Star property and expanding operations at the Golden Chest [14]. Market Position and Valuation - IDR's return on equity (ROE) stands at 22.1%, outperforming the industry average of 8.4% and major competitors like Barrick Gold and Newmont [17]. - The stock is currently trading at 5.62X forward 12-month price to sales, above the industry average of 2.53X, indicating a potentially stretched valuation [19].

分组1 - Idaho Strategic Resources, Inc. reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.21 per share, representing an earnings surprise of -28.57% [1] - The company posted revenues of $6.15 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 16.85%, compared to year-ago revenues of $3.3 million [2] - The stock has increased approximately 151.6% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.22 on revenues of $7.7 million, and for the current fiscal year, it is $0.77 on revenues of $27.1 million [7] - The Mining - Gold industry is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8]