Company Performance - Idaho Strategic Resources, Inc. (IDR) shares increased by 6.8% to close at $14.84, with notable trading volume compared to typical sessions, and a total gain of 27.2% over the past four weeks [1] - The company's sales surged 89.3% year-over-year in Q2 2024, driven by increased gold production and a higher average gold price, with expectations to maintain production levels for the rest of the year [3] - IDR is projected to report quarterly earnings of $0.20 per share, reflecting a year-over-year increase of 566.7%, with revenues expected to reach $7 million, up 112.1% from the previous year [3] Market Context - The rise in IDR shares is linked to record gold prices around $2,633 per ounce, influenced by geopolitical tensions, potential monetary policy easing, and ongoing central bank purchases [2] - The consensus EPS estimate for IDR has been revised 185.7% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] Industry Comparison - Idaho Strategic Resources is part of the Zacks Mining - Gold industry, where Agnico Eagle Mines (AEM) saw a slight decline of 0.6% to $82.61, with a 0.4% return over the past month [5] - Agnico's consensus EPS estimate remains unchanged at $0.90, representing a year-over-year change of 104.6%, and it holds a Zacks Rank of 3 (Hold) [6]

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing to maximize profits, highlighting the utility of a specific screening strategy to find stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain an upward price trend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Idaho Strategic Resources, Inc. (IDR) is highlighted as a candidate that passed the screening, showing a significant price increase of 46.3% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - IDR has also experienced a price increase of 39% over the last four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Strength - IDR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. - The price trend for IDR is expected to remain positive, supported by its strong fundamentals and market position [8].

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 ...

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stock prices [1]. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Stocks that pass this screen are typically trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: Idaho Strategic Resources, Inc. (IDR) - Idaho Strategic Resources, Inc. has shown a solid price increase of 31.8% over the past 12 weeks, reflecting investor confidence in its potential upside [3]. - The stock has also increased by 14.7% over the last four weeks, indicating that the upward trend is still intact [4]. - IDR is currently trading at 98.4% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. Group 3: Fundamental Strength and Ratings - IDR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The Zacks Rank system has a strong track record, with Rank 1 stocks averaging an annual return of +25% since 1988 [6]. - The Average Broker Recommendation for IDR is also 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Investment Opportunities - Besides IDR, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting potential investment opportunities [7]. - The article encourages exploring over 45 Zacks Premium Screens tailored to different investing styles to identify winning stock picks [7].

分组1 - Idaho Strategic Resources, Inc. reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and showing a significant increase from $0.03 per share a year ago, resulting in an earnings surprise of 142.86% [1] - The company posted revenues of $6.13 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 17.79%, and compared to $3.24 million in the same quarter last year [2] - Idaho Strategic Resources shares have increased approximately 67.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 14.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $5.1 million, and for the current fiscal year, it is $0.27 on revenues of $20.4 million [5] - The estimate revisions trend for Idaho Strategic Resources is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [11] - The Mining - Gold industry, to which Idaho Strategic Resources belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook for the sector [12]

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 ...

Financial Performance - Total revenue for Q1 2024 reached $5,898,938, a significant increase of 76% compared to $3,341,596 in Q1 2023[15] - Gross profit for Q1 2024 was $2,838,237, up from $865,599 in Q1 2023, reflecting a gross margin improvement[15] - Net income attributable to Idaho Strategic Resources, Inc. for Q1 2024 was $2,171,109, compared to $60,599 in Q1 2023, marking a substantial increase[15] - Operating income for Q1 2024 was $2,141,973, a significant increase from $13,023 in Q1 2023, reflecting increased revenue while maintaining a stable cost structure[84] - Net income for Q1 2024 was $2,155,814 compared to $44,186 in Q1 2023, marking a 35-fold increase year over year[84] Cash and Liquidity - Cash and cash equivalents increased to $5,295,457 as of March 31, 2024, up from $2,286,999 at the end of Q1 2023[12] - The company reported a net cash provided by operating activities of $2,579,853 for Q1 2024, compared to $160,762 in Q1 2023, indicating improved operational efficiency[19] - Cash and cash equivalents at the end of the period were $5,295,457, up from $2,013,804 at the end of Q1 2023, indicating improved liquidity[85] Assets and Liabilities - Total assets grew to $28,700,298 as of March 31, 2024, compared to $23,889,789 at the end of Q1 2023, indicating strong asset growth[12] - Total liabilities increased to $4,306,451 as of March 31, 2024, up from $3,354,191 in Q1 2023, primarily due to an increase in long-term notes payable[13] - The company’s accumulated deficit decreased to $(15,039,529) as of March 31, 2024, from $(17,210,638) at the end of Q1 2023, reflecting improved profitability[13] Shareholder Information - The company issued 127,152 shares of common stock for cash, netting $847,492 in Q1 2024[17] - The weighted average common shares outstanding for basic earnings per share increased to 12,513,374 in Q1 2024 from 12,200,857 in Q1 2023[16] - The company issued 123,365 shares at $5.50 and 35,088 shares at $5.70 in a private placement, generating net proceeds of $878,503 in the first quarter of 2024[55] - Subsequent to March 31, 2024, the company issued 29,763 shares for net proceeds of $166,673 in exchange for outstanding warrants[61] Sales and Production - For the three-month period ended March 31, 2024, total sales amounted to $5,898,938, a significant increase from $3,341,596 in the same period of 2023, representing a growth of approximately 76%[42] - Gold sales reached $6,121,129 for the three-month period ended March 31, 2024, compared to $3,484,034 in 2023, indicating a year-over-year increase of about 76%[42] - Gold production at the Golden Chest Mine totaled approximately 10,300 tonnes, with an average grade of 13.9 grams per tonne, contributing to a total of 3,620 tonnes mined[76] - The company processed 10,300 dry metric tonnes at the New Jersey mill with a flotation feed head grade of 10.31 grams per tonne and a gold recovery rate of 93.0%[76] Costs and Expenses - Cash cost per ounce decreased to $846.92 in Q1 2024 from $1,287.32 in Q1 2023, while all-in sustaining costs (AISC) per ounce decreased to $1,097.09 from $1,540.20[82] - The company capitalized interest expense of $19,377 for the three-month period ended March 31, 2024, down from $22,961 in the same period of 2023, a decrease of 15.3%[51] Investments and Development - The company has capitalized deferred development costs during the mine development stage, which includes costs for infrastructure improvements[29] - The company holds a 65% ownership in NJMJV, which is consolidated in the financial statements, and had an account receivable of $1,598 from Crescent Silver, LLC as of March 31, 2024[46] - The company has three REE exploration properties in Idaho, which are expected to benefit from anticipated demand in electrification and defense spending[67] - The company plans to initiate a core drilling exploration program at the Golden Chest starting in Q2 2024, which may increase AISC for the remainder of the year[84] Compliance and Regulatory - The Company has included mine safety disclosures as required by the Dodd-Frank Act, ensuring compliance with regulatory standards[98] - The Company has filed various certifications under the Sarbanes-Oxley Act, demonstrating adherence to financial reporting regulations[99] - The Company is committed to maintaining transparency and compliance with regulatory requirements through its filings and disclosures[101] Future Outlook - The company expects cash flows from operations and existing cash to be sufficient to conduct planned operations and meet contractual obligations for the next 12 months[40] - The company is evaluating the impact of new accounting standards issued by the FASB, including ASU 2023-07 and ASU 2023-09, which may affect future disclosures[37][38]

Mining Operations - The company operates the Golden Chest Mine in the Murray Gold Belt, with over 7,000 acres of patented and unpatented land, making it the largest private landholder in the area[39]. - The New Jersey Mill processes ore from the Golden Chest Mine at a capacity of 360 tonnes per day[41]. - The company has focused on expanding underground development and production at the Golden Chest Mine, significantly increasing exploration and expansion activities in the Murray Gold Belt[42]. - The company has successfully resumed operations at the New Jersey Mill and consolidated 100% ownership of the Golden Chest Mine[43]. Sales and Revenue - In 2023, 99% of gold sales were made to H&H Metals Corporation, with the remaining sales being gold doré sold to a western U.S. refinery[47]. Financial Health - The company has no material reclassifications, mergers, or significant asset sales in the past three years[38]. - The company has no bankruptcy or similar proceedings reported[37]. - The Company successfully reduced its concentrate inventory, returning it to near pre-pandemic levels due to improved shipping conditions in 2022[48]. - The Company plans to deliver an annual report to shareholders in 2024, which will include audited financial statements[61]. Regulatory Compliance - The Company is subject to extensive federal, state, and local regulations, which can delay exploration programs by one to two years due to permitting processes[53]. - The Company is required to submit a Plan of Operations (POO) for exploration drilling on public lands, which can take several months to compile[58]. - The Company complies with local building codes and ordinances as required by law[59]. Environmental and Safety Measures - The Company posted a reclamation bond of $107,000 for the tailings storage facility at the New Jersey Mill[55]. - The reclamation bond for the Golden Chest Mine is $103,320, with annual water monitoring costs estimated at $6,000[57]. - The estimated cost for water monitoring associated with the concentrate leach plant is approximately $10,000 per year[55]. - The Company has not received notifications regarding potential environmental cleanup liabilities[52]. Workforce and Capital - The Company has a total of 42 full-time employees[60]. - The company competes for capital necessary to sustain its exploration and development programs within the minerals exploration industry[44]. Industry Risks - The company faces risks typical of the mining industry, including operational effectiveness and price fluctuations of metals like gold and silver[45][46]. - The company is involved in the U.S. Critical Minerals sector, particularly in rare earth elements, with properties included in the U.S. national REE inventory[40].