Workflow
Idaho Strategic Resources(IDR)
icon
Search documents
Idaho Strategic Resources(IDR) - 2021 Q1 - Quarterly Report
2021-05-17 13:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 For the transition period from _____________ to ____________ Commission File No. 000-28837 NEW JERSEY MINING COMPANY | (Name of small business issuer in its charter) | | | | --- | --- | --- | | Idaho | 82-0490295 | | | (State or other jurisdiction of incorporation or organization) | ...
Idaho Strategic Resources(IDR) - 2020 Q4 - Annual Report
2021-03-31 12:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 NEW JERSEY MINING COMPANY (Name of small business issuer in its charter) Idaho 82-0490295 FORM 10-K 201 N. Third Street, Coeur d'Alene, ID 83814 (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission fil ...
Idaho Strategic Resources(IDR) - 2020 Q3 - Quarterly Report
2020-11-16 13:30
Financial Performance - Gold sales revenue for the three months ended September 30, 2020, was $1,556,070, a decrease of 16% compared to $1,852,636 for the same period in 2019[14] - The company reported a net loss of $7,327 for the three months ended September 30, 2020, compared to a net income of $165,242 for the same period in 2019[14] - Operating loss for the nine months ended September 30, 2020, was $686,418, compared to an operating income of $191,852 for the same period in 2019[14] - For the nine-month period ended September 30, 2020, the net loss was $382,028 compared to a net loss of $357,240 in the same period of 2019, indicating a 6.5% increase in losses year-over-year[19] - The company reported a gross loss of $107,237 for the three months and a gross profit of $24,033 for the nine months ending September 30, 2020, compared to a gross profit of $447,185 and $584,649 for the same periods in 2019[83] - Revenue decreased to $1,556,070 and $4,281,401 for the three and nine months ending September 30, 2020, down from $1,852,636 and $4,544,964 in 2019[83] - The company experienced an operating loss of $342,132 and $686,418 for the three and nine months ending September 30, 2020, compared to operating income of $191,852 and a loss of $340,741 in 2019[83] - Net loss was $7,327 and $382,028 for the three and nine months ending September 30, 2020, compared to net income of $165,242 and a net loss of $357,240 for the same periods in 2019[83] Assets and Liabilities - Total assets increased to $14,678,864 in September 2020, up from $10,852,181 in December 2019, representing a growth of 35.5%[12] - Total current assets rose significantly to $3,805,303 in September 2020, compared to $910,109 in December 2019, marking an increase of 317%[12] - The accumulated deficit increased to $12,345,684 as of September 30, 2020, from $12,029,910 at the end of 2019[12] - Total liabilities increased to $3,213,793 in September 2020, up from $2,195,204 in December 2019, reflecting a rise of 46.4%[12] - The total stockholders' equity reached $11,465,071 in September 2020, up from $8,656,977 in December 2019, indicating a growth of 32.9%[12] Cash Flow and Financing - Cash flows from operating activities provided $121,737, a decrease of 13.5% from $140,755 in the prior year[19] - The company reported a net cash used in investing activities of $1,149,669, a significant increase compared to net cash provided of $128,345 in 2019[19] - Financing activities generated net cash of $3,960,948, contrasting with a net cash used of $237,200 in the previous year, marking a substantial turnaround[19] - Cash and cash equivalents at the end of the period totaled $3,150,812, a significant increase from $280,666 at the end of the same period in 2019[19] - The company raised $200,000 from a private placement in April 2020 and $2,706,896 from another private placement in August 2020[99] Production and Sales - The company is currently producing from both open-pit and underground operations at the Golden Chest Mine, ensuring ongoing production[36] - For the three months ended September 30, 2020, total sales amounted to $1,556,070, a decrease from $1,852,636 in the same period of 2019, representing a decline of approximately 16%[42] - Gold sales for the nine months ended September 30, 2020, were $4,629,816, compared to $4,870,402 for the same period in 2019, reflecting a decrease of about 5%[42] - Concentrate sales to H&H for the three months ended September 30, 2020, were $1,476,395, down from $1,788,031 in 2019, indicating a decline of approximately 17%[42] - The company mined a total of 5,750 tonnes during the quarter, doubling the previous quarter's output[80] Inventory and Costs - The company incurred total costs of sales of $1,663,307 for the three months ended September 30, 2020, compared to $1,405,451 for the same period in 2019, an increase of 18.4%[14] - Cash cost per ounce increased to $1,856 and $1,373 for the three and nine months ending September 30, 2020, compared to $927 and $984 in 2019, while all-in sustaining costs rose to $2,368 and $1,629 for the same periods[86] - Gold concentrate inventory decreased to $164,455 from $197,862 at the end of 2019, reflecting a 16.9% decline[37] Strategic Initiatives - The company has successfully raised capital through the sale of common stock and convertible debt, indicating strong financing capabilities[36] - The company has established asset retirement obligations totaling $170,539 as of September 30, 2020, up from $163,369 at the beginning of the period[68] - The company expanded its strategic focus with the addition of the Roberts Rare Earth Element Project, which has shown grades in excess of 12% combined rare earth elements[83] - The company has established a forward gold purchase agreement with Ophir Holdings LLC, reflecting a commitment to secure future gold production[106] - New Jersey Mining Company filed various agreements and amendments related to mining leases and asset purchases, indicating ongoing strategic partnerships and expansions in mining operations[106] Compliance and Governance - Certifications pursuant to the Sarbanes-Oxley Act of 2002 were filed, ensuring compliance with regulatory standards and enhancing corporate governance[106] - The company has a code of ethical conduct in place, emphasizing its commitment to ethical business practices[106] - The registrant's annual report on Form 10-KSB for the year ended December 31, 2003, includes audit committee pre-approval policies, indicating a structured approach to financial oversight[106] - The leadership team, including the President and CEO John Swallow and CFO Grant Brackebusch, signed the report, indicating accountability and management oversight[109]
Idaho Strategic Resources(IDR) - 2020 Q2 - Quarterly Report
2020-08-14 12:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 For the transition period from _____________ to ____________ Commission File No. 000-28837 NEW JERSEY MINING COMPANY | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Idaho | 82-0490295 | | (State or other jurisdiction of incorporation or organization) | (I ...
Idaho Strategic Resources(IDR) - 2020 Q1 - Quarterly Report
2020-05-15 12:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 For the transition period from _____________ to ____________ Commission File No. 000-28837 NEW JERSEY MINING COMPANY | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Idaho | 82-0490295 | | (State or other jurisdiction of incorporation or organization) | ( ...
Idaho Strategic Resources(IDR) - 2019 Q4 - Annual Report
2020-03-23 12:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 o 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: 000-28837 NEW JERSEY MINING COMPANY (Name of small business issuer in its charter) Idaho 82-0490295 (State or other jurisdict ...
Idaho Strategic Resources(IDR) - 2019 Q3 - Quarterly Report
2019-11-14 13:31
(Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 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. 000-28837 NEW JERSEY MINING COMPANY (Exact name of Registrant as specified in its charter) Idaho 82-0490295 (State or other jurisd ...
Idaho Strategic Resources(IDR) - 2019 Q2 - Quarterly Report
2019-08-14 12:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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. 000-28837 NEW JERSEY MINING COMPANY (Exact name of Registrant as specified in its charter) | Idaho | 82-0490295 | | --- | --- | | (Stat ...
Idaho Strategic Resources(IDR) - 2019 Q1 - Quarterly Report
2019-05-15 12:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 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 number: 000-28837 NEW JERSEY MINING COMPANY (Exact name of registrant as specified in its charter) Idaho 82-0490295 (State or other j ...
Idaho Strategic Resources(IDR) - 2018 Q4 - Annual Report
2019-04-01 13:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 11 [ ] 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 000-28837 NEW JERSEY MINING COMPANY (Name of small business issuer in its charter) Idaho 82-0490295 (State or other jur ...