Idaho Strategic Resources(US:IDR) ZACKS·2025-04-01 16:05Core 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]