When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...

Idaho Strategic Resources, Inc. (IDR) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings esti ...

Idaho Strategic Resources, Inc. (IDR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracke ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Idaho Strategic Resources, Inc. (IDR) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 142.86%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.17, delivering a surprise of 183.33%. Idaho Strategic Resour ...

Revenue and Income Growth - Revenue increased by 89.3% from $3,236,515 in Q2 2023 to $6,125,382 in Q2 2024, and year-to-date revenue rose by 82.8% from $6,578,111 to $12,024,320[122] - Other income rose from $5,835 in Q2 2023 to $39,326 in Q2 2024, driven by increased interest income and gains on treasuries[124] - Gross profit as a percentage of sales increased from 24.5% in Q2 2023 to 50.2% in Q2 2024, and for the six-month periods, it rose to 49.2% from 25.2%[145] - Operating income for Q2 2024 was $2,095,596, an increase of $1,805,609 from $289,987 in Q2 2023; for the six-month period, it rose to $4,237,569, up by $3,934,559[146] - Net income increased from $295,822 in Q2 2023 to $2,134,922 in Q2 2024, and from $340,008 in the six-month period ending June 30, 2023, to $4,290,736 in the same period in 2024[148] Production and Costs - Gold production at the Golden Chest Mine is expected to remain stable as mining on the H-Vein continues, with 11,500 tonnes mined from underground stopes in Q2 2024[120][115] - All-in sustaining costs per ounce increased in Q2 2024 due to higher exploration costs, while slightly decreasing for the six-month period compared to 2023[126] - Cash cost per ounce for Q2 2024 was $904.67, remaining relatively flat compared to Q2 2023; for the six-month period, it decreased significantly due to a 55.2% increase in ounces produced[149] Exploration and Development - Exploration expenses increased due to heightened drilling activity at the Golden Chest Mine, with expectations for continued drilling in Q3 2024[123] - The company has conducted numerous exploration programs on its REE properties, covering 19,090 acres, to diversify its asset base[90] - An exploration program with both underground and surface core drilling was initiated, focusing on the Klondike area and Butte Gulch[144] Strategic Positioning - The company believes it has a first-mover advantage in the REE market, anticipating increased demand for critical minerals[90] - The company plans to continue seeking partnerships to advance the U.S. domestic REE supply chain[140] Financial Position - Cash and cash equivalents at the end of the period were $1,801,257, down from $2,286,999 at the beginning of the period[151] - The company reported net cash provided by operating activities of $5,209,442 for the six-month period ending June 30, 2024[151] - The consolidated net income for the six-month periods included non-cash charges of $957,718 for depreciation and amortization, compared to $671,079 in 2023[125] Operational Achievements - A total of 3,230 cubic meters of cemented rockfill were placed during the quarter, setting a new quarterly record[143] - The company is currently producing profitably from the Golden Chest Mine and believes cash flows from operations are sufficient to meet obligations for the next 12 months[130]

Idaho Strategic Resources, Inc. (IDR) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 183.33%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.02, delivering a surprise of -60%.Over the last four quarters ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission File No. 001-41320 IDAHO STRATEGIC RESOURCES, INC (Name of small business issuer in its charter) (State or other jur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-41320 Idaho Strategic Resources, Inc. (Name of small business issuer in its charter) Idaho 82-0490295 (I.R.S. employer id ...

Revenue and Income - Revenue increased by 89.15% from $1,745,278 in Q3 2022 to $3,301,221 in Q3 2023, and increased by 60.69% from $6,148,187 to $9,879,332 for the nine-month period ended September 30, 2023[79] - Operating income for Q3 2023 was $413,461, an increase of $2,301,505 from an operating loss of $1,888,044 in Q3 2022[80] - Net income increased by $2,313,407 from a net loss of $1,909,424 in Q3 2022 to net income of $403,983 in Q3 2023, and increased by $3,978,733 from a net loss of $3,234,742 in the nine months ended September 30, 2022, to net income of $743,991 in the same period in 2023[86] - Cash provided by operating activities was $1,343,068 in 2023, compared to a cash used of $(2,007,155) in 2022[87] - Other (income) expense improved from an expense of $21,380 in the nine-month period ended September 30, 2022, to an expense of $9,478 in the same period in 2023[86] Production and Costs - Gold production for the quarter included 10,430 dry metric tonnes processed at the New Jersey mill with a flotation feed head grade of 6.41 gpt gold and a gold recovery rate of 92.1%[79] - Cash cost per ounce decreased to $895.96 in Q3 2023 from $1,298.97 in Q3 2022, while all-in sustaining costs (AISC) per ounce decreased to $1,170.55 from $2,375.18[85] - The company reported a gross profit margin improvement from negative 13.1% in Q3 2022 to positive 33.5% in Q3 2023[79] - Cash cost and all-in sustaining cost per ounce decreased in 2023 compared to 2022 due to a higher ore grade mined[86] Exploration and Projects - Exploration expenses decreased in 2023 compared to 2022, primarily due to reduced drilling activity[79] - The company has traced greater than 23% total rare earth elements at the Mineral Hill Project, with ongoing geological mapping and additional assay results pending[77] - The company advanced its USFS permit for a core drilling program at Diamond Creek, with sampling results returning up to 5% TREE[79] - The company plans a core drilling exploration program for the Golden Chest in late Q3 and early Q4 2023, which may increase all-in sustaining costs in Q4 2023[86] Financial Position and Capital - Cash and cash equivalents at the end of the period were $1,971,845 in 2023, down from $2,255,688 in 2022[87] - The consolidated net income for the nine-month period ended September 30, 2023, included non-cash charges such as depreciation and amortization of $1,034,521, compared to $717,939 in 2022[86] - The company believes cash flows from operations and existing cash are sufficient to conduct planned operations and meet contractual obligations for the next 12 months[87] - The company has been successful in raising required capital from the sale of common stock, forward gold contracts, and debt[87] Partnerships and Supply Chain - The company plans to continue seeking partnerships to enhance the U.S. domestic rare earth elements supply chain[72]