Idaho Strategic reports 42.6% revenue increase, first full-year net income of $1.16M

Idaho Strategic Resources, Inc.

Revenue $13.66M (up 42.6% YoY); net income $1.16M vs. ($2.54M) loss in 2022.
Gold production 8,247 oz (up 35.1%); AISC fell to $1,279/oz from $1,689/oz.
Gross profit margin rose to 29.0% from 16.2% in 2022.
Golden Chest H-Vein ore averaged 6.36 gpt; mill processed 40,130 dmt at 92% recovery.
REE samples up to 34.1% total rare earth oxides at Mineral Hill; 5% TREO at Lemhi Pass.

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