Highlighted by a 76.5% Increase in Revenue and a 35-Fold Increase in Net Income - Exceeding the Company's Total Net Income for 2023 COEUR D'ALENE, ID / ACCESSWIRE / May 6, 2024 /
Idaho Strategic Resources Inc. today announced its consolidated operating and financial results for the first quarter ending March 31, 2024. IDR achieved a 76.5% increase in revenue and a 35-fold increase in net income compared to the first quarter of 2023. Key highlights include: Operational Performance: Q1 2024 % Change Q1 2023 Ore Tonnes Processed 10,300 -7.6% 11,144 Average Flotation Feed Grade 10.31 83.1% 5.63 Ounces Produced 3,116 80.6% 1,725 All-In Sustaining Cost Per Ounce $1,097.09 -28.8% $1,540.20 Financial Performance : Q1 2024 % Change Q1 2023 Revenue $5,898,938 76.5% $3,341,596 Cost of G...