Idaho Strategic Resources, Inc. announced its consolidated operating and financial results for the third quarter ending September 30, 2024. The company reported a significant increase in its financial metrics.
Revenue for the third quarter increased by 86.39% compared to the second quarter of 2023. Net income also saw a substantial rise, increasing by 376.44% over the same comparative period.
These strong financial results were achieved despite increased exploration expenses during the quarter, which led to the discovery of the Red Star Vein. The company's ability to grow revenue and net income while investing in exploration underscores its production-backed exploration strategy.
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