secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001654954-22-015360
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Idaho Strategic Resources reports Q3 net loss $1.9M; revenue down 17% YoY; guides Q4 rev $2.5-2.7M
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- Q3 revenue $1.745M vs $2.099M YoY; gross loss $228,760; net loss $1.909M vs $238K loss prior year.
- Processed 10,024 dmt at 4.59 gpt head grade, 89.8% recovery; 354 more oz YTD than 2021.
- Q4 revenue guidance $2.5-2.7M; management expects improvement after cost structure adjustments.
- Initiated first REE drill program at Diamond Creek; Murray Gold Belt drilling discovered new gold zone (AG22-2: 0.566 g/t over 24m).
- Tailings facility expansion completed, providing ~4 yrs capacity; paste backfill could extend to 7 yrs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422015360/0001654954-22-015360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422015360/njmc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015360

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