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Idaho Strategic Reports Second Quarter 2024 Operating and Financial Performance

Idaho Strategic Reports Second Quarter 2024 Operating and Financial Performance

爱达荷州2024年第二季度运营及财务绩效战报
Accesswire ·  07/30 06:30

Highlighted by an 89.26% Increase in Revenue and a 558.30% Increase in Net Income - IDR's 6-Month Net Income in 2024 is Nearly 4x Last Year's Total Net Income

收入增长了89.26%,净收入增长了558.30%,这突显了印尼盾在2024年的6个月净收入是去年总净收入的近4倍

COEUR D'ALENE, ID / ACCESSWIRE / July 30, 2024 / Idaho Strategic Resources, Inc. (NYSE American:IDR) ("IDR", "Idaho Strategic" or the "Company") today announced its consolidated operating and financial results for the second quarter ending June 30, 2024. IDR achieved an 89.26% increase in revenue and a 558.30% increase in net income compared to the second quarter of 2023. Key highlights include:

爱达荷州科达伦/ACCESSWIRE/2024年7月30日/爱达荷战略资源公司(纽约证券交易所美国股票代码:IDR)(“IDR”、“爱达荷战略” 或 “公司”)今天公布了截至2024年6月30日的第二季度的合并经营和财务业绩。与2023年第二季度相比,印尼盾的收入增长了89.26%,净收入增长了558.30%。主要亮点包括:

Operational
Performance:

Q2 2024

% Change

Q2 2023

Ore Tonnes Processed

9,260

-20.91%%

11,708

Average Flotation Feed Grade (gpt)

10.29

40.77%

7.31

Ounces Produced

2,903

34.99%

2,152

All-In Sustaining Cost Per Ounce ($USD)

$ 1,319.40

17.66%

$ 1,121.39

运营
性能:

2024 年第二季度

% 变化

2023 年第二季度

已加工的矿石吨数

9,260

-20.91%

11,708

平均浮选饲料等级 (gpt)

10.29

40.77%

7.31

产量盎司

2,903

34.99%

2,152

每盎司的全额维持成本(美元)

1,319.40 美元

17.66%

1,121.39 美元

Financial
Performance ($USD):

Q2 2024

% Change

Q2 2023

Revenue

$ 6,125,382

89.26%

$ 3,236,515

Total Cost of Sales

$ 3,051,957

24.93%

$ 2,442,932

Gross Profit

$ 3,073,425

287.28%

$ 793,583

Net Income Attributable to IDR

$ 2,157,873

558.30%

$ 327,793

Earnings Per Share (EPS)

$ 0.17

466.67%

$ 0.03

金融
业绩(美元):

2024 年第二季度

% 变化

2023 年第二季度

收入

6,125,382 美元

89.26%

3,236,515 美元

总销售成本

3,051,957 美元

24.93%

2,442,932 美元

毛利润

3,073,425 美元

287.28%

793,583 美元

归属于印尼盾的净收入

2,157,873 美元

558.30%

327,793 美元

每股收益 (EPS)

0.17 美元

466.67%

0.03 美元

Idaho Strategic's CEO and President, John Swallow stated, "Our folks did a great job during the second quarter. We have a lot going on (in addition to daily activities) - underground and surface drilling at the Golden Chest, pad and road construction for the paste backfill plant, power upgrade underway, paste plant structure and equipment ordered, upcoming drill program at Eastern Star in September, added two geologists and seasonal help to our staff, and possibly one or two other items on deck. Not to mention that the macro picture seems to be evolving more and more toward our business plan. In alignment with our discretionary 'win as we go' approach to compensation, each employee, officer, and director earned another quarterly 'paycheck bonus' on top of the normal pay structure."

爱达荷战略首席执行官兼总裁约翰·斯瓦尔德表示:“我们的员工在第二季度做得很好。我们还有很多工作要做(除了日常活动)——在金箱进行地下和露天钻探,浆料回填厂的垫层和道路施工,正在进行电力升级,已订购浆厂结构和设备,9月东星即将进行的钻探计划,为我们的员工增加了两名地质学家和季节性帮助,甲板上可能还有另外一两件物品。更不用说宏观形势似乎越来越朝着我们的商业计划发展。根据我们自由裁量的'边走边赢'的薪酬方法,每位员工、高管和董事在正常薪酬结构的基础上又获得了每季度的'薪水奖金'。”

Golden Chest Highlights for Q2 2024 Include:

2024 年第二季度的金箱亮点包括:

  • At the Golden Chest, ore mined from underground stopes totaled approximately 11,500 tonnes with all of the tonnage coming from H-Vein stopes. A significant stockpile of ore was built up at the mill by the end of the quarter.

  • A total of 3,230 cubic meters of cemented rockfill ("CRF") were placed during the quarter, which is a new quarterly record. The Main Access Ramp ("MAR") and associated drifts and raises were advanced by about 100 meters during the quarter.

  • For the quarter ended June 30, 2024, a total of 9,260 dry metric tonnes ("dmt") were processed at the Company's New Jersey mill with a flotation feed head grade of 10.29 gpt gold and gold recovery of 93.6%.

  • An exploration program consisting of both underground and surface core drilling was started in the second quarter. Underground drilling was focused on exploring the Klondike area and the projected northerly strike of the H-vein. Surface drilling was started in Butte Gulch with plans to move to the northern area of the Golden Chest in the third quarter.

  • 在金箱,从地下采集点开采的矿石总量约为11,500吨,所有吨位均来自H-Vein停靠站。到本季度末,该工厂已积累了大量的矿石库存。

  • 本季度共投放了3,230立方米的水泥堆石料(“CRF”),创下了新的季度纪录。在本季度中,主入口坡道(“MAR”)和相关的漂移和加高处向前推进了约100米。

  • 在截至2024年6月30日的季度中,该公司在新泽西州的工厂共加工了9,260干公吨(“dmt”),浮选饲料头黄金品位为10.29gpt,黄金回收率为93.6%。

  • 第二季度启动了一项包括地下和地表岩心钻探的勘探计划。地下钻探的重点是探索克朗代克地区和预计的H脉向北冲击。在比尤特峡谷开始了露天钻探,计划在第三季度移至金箱北部地区。

Rare Earth Highlights for Q2 2024 Include:

2024 年第二季度的稀土亮点包括:

  • Continued discussions with various laboratories, universities, and partners to advance our understanding of Idaho's rare earth mineralogy and broader mineral endowment.

  • 继续与各种实验室、大学和合作伙伴进行讨论,以增进我们对爱达荷州稀土矿物学和更广泛的矿产资源的理解。

Mr. Swallow concluded, "I am not sure where I saw or heard the phrase that bees don't waste their time explaining to flies that honey is better than sh*t, but we now receive considerably less unsolicited 'advice' from those that hadn't built a producer 10 years ago, and still haven't as of today. As I reflected on the discussion around this record quarter, I found myself concurring with those that describe the feeling of the early days as when you have a lot of music to make yet haven't any instruments and only sounds in your head. Compared to now (as a result of our approach) having the luxury to produce the albums you want to make and the song selection is yours. And I am sure Rob and Grant feel the same way; although Grant with a few more expletives and a heck of a lot less external reflection and Rob with a wistful story of sleeping out in front of the core shack, not making any money and still as enthusiastic as ever. Production and minding costs are always within our daily focus... And when you control the part you can control, sometimes the part you cannot control becomes part of the reward."

Swallow先生总结道:“我不确定我在哪里看到或听到过这样的话,那就是蜜蜂不会浪费时间向苍蝇解释蜂蜜比狗屁好,但是我们现在从那些10年前没有建立生产厂的人那里得到的'建议'要少得多,到今天还没有建过蜂房。当我回顾这个创纪录季度的讨论时,我发现自己同意那些将早期的感觉描述为你有很多音乐要创作,但没有任何乐器,脑海里只有声音的感觉。与现在(由于我们的方法)相比,您可以奢侈地制作想要制作的专辑,而歌曲选择则由您自己选择。我敢肯定,罗布和格兰特也有同样的感受;尽管格兰特多了几句挑衅性的话,少了外在的反思,而罗布则讲了一个渴望的故事,那就是在核心棚屋前睡觉,没有赚到钱,而且仍然像以往一样热情。生产和管理成本始终是我们每天关注的焦点...而且,当你控制你可以控制的部分时,有时候你无法控制的部分就会成为奖励的一部分。”

Notes accompanying the financial statements below can be found in the Company's quarterly report filed this morning with the SEC on EDGAR.

以下财务报表附注可在公司今天上午向美国证券交易委员会提交的关于EDGAR的季度报告中找到。

Qualified person

合格人员

IDR's Vice President, Grant A. Brackebusch, P.E. is a qualified person as such term is defined under S-K 1300 and has reviewed and approved the technical information and data included in this press release.

IDR副总裁Grant A. Brackebusch, P.E. 是一名合格人士,因为该术语的定义见S-K 1300,并且已经审查并批准了本新闻稿中包含的技术信息和数据。

About Idaho Strategic Resources, Inc.

爱达荷州战略资源公司简介

Idaho Strategic Resources (IDR) is an Idaho-based gold producer which also owns the largest rare earth elements land package in the United States. The Company's business plan was established in anticipation of today's volatile geopolitical and macroeconomic environment. IDR finds itself in a unique position as the only publicly traded company with growing gold production and significant blue-sky potential for rare earth elements exploration and development in one Company.

爱达荷战略资源(IDR)是一家总部位于爱达荷州的黄金生产商,还拥有美国最大的稀土元素土地一揽子计划。公司的业务计划是在对当今动荡的地缘政治和宏观经济环境的预期下制定的。作为唯一一家黄金产量不断增长且在一家公司中具有巨大稀土元素勘探和开发蓝天潜力的上市公司,IDR发现自己处于独特的地位。

For more information on Idaho Strategic Resources, visit , go to or call:

有关爱达荷州战略资源的更多信息,请访问、访问或致电:

Travis Swallow, Investor Relations & Corporate Development
Email: tswallow@idahostrategic.com
Phone: (208) 625-9001

Travis Swallow,投资者关系与企业发展
电子邮件:tswallow@idahostrategic.com
电话:(208) 625-9001

Idaho Strategic Resources, Inc.
爱达荷州战略资源有限公司
Condensed Consolidated Statements of Operations (Unaudited)
简明合并运营报表(未经审计)
For the Three and Six-Month Periods Ended June 30, 2024 and 2023
在截至2024年6月30日和2023年6月30日的三个月和六个月期间

June 30, 2024

June 30, 2023

Three
Months
Six
Months

Three Months

Six Months

Revenue:
Sales of products

$

6,125,382

$

12,024,320

$

3,236,515

$

6,578,111

Total revenue

6,125,382

12,024,320

3,236,515

6,578,111

Costs of Sales:
Cost of sales and other direct production costs

2,596,027

5,154,940

2,099,890

4,247,850

Depreciation and amortization

455,930

957,718

343,042

671,079

Total costs of sales

3,051,957

6,112,658

2,442,932

4,918,929

Gross profit

3,073,425

5,911,662

793,583

1,659,182

Other operating expenses:
Exploration

620,056

887,904

207,369

480,811

Management

90,313

199,413

55,568

124,479

Professional services

84,982

239,226

123,238

364,043

General and administrative

179,456

340,119

123,765

387,063

(Gain) loss on disposal of equipment

3,022

7,431

(6,344) (224)
Total other operating expenses

977,829

1,674,093

503,596

1,356,172

Operating income

2,095,596

4,237,569

289,987

303,010

Other (income) expense:
Equity (income) loss on investment in Buckskin Gold and Silver, Inc

1,589

(278) (1,007) (1,357)
Timber revenue net of costs
(6,049) (19,406)

-

(20,724)
Loss on investment in equity securities

-

453

2,880

2,880

Gain on short term investments
(21,862) (21,862)

-

-

Interest income
(38,606) (58,241) (18,756) (37,693)
Interest expense

25,602

46,167

11,048

19,896

Total other (income) expense
(39,326) (53,167) (5,835) (36,998)
Net income

2,134,922

4,290,736

295,822

340,008

Net loss attributable to non-controlling interest
(22,951) (38,246) (31,971) (48,384)
Net income attributable to Idaho Strategic Resources, Inc.

$

2,157,873

$

4,328,982

$

327,793

$

388,392

Net income per common share-basic

$

0.17

$

0.34

$

0.03

$

0.03

Weighted average common share outstanding-basic

12,836,205

12,674,789

12,256,523

12,228,844

Net income per common share-diluted

$

0.17

$

0.34

$

0.03

$

0.03

Weighted average common shares outstanding- diluted

13,043,026

12,904,998

12,259,438

12,232,638

2024年6月30日

2023年6月30日

三个月

六个月

收入:
产品的销售

$

6,125,382

$

12,024,320

$

3,236,515

$

6,578,111

总收入

6,125,382

12,024,320

3,236,515

6,578,111

销售成本:
销售成本和其他直接生产成本

2,596,027

5,154,940

2,099,890

4,247,850

折旧和摊销

455,930

957,718

343,042

671,079

总销售成本

3,051,957

6,112,658

2,442,932

4,918,929

毛利润

3,073,425

5,911,662

793,583

1,659,182

其他运营费用:
探索

620,056

887,904

207,369

480,811

管理

90,313

199,413

55,568

124,479

专业服务

84,982

239,226

123,238

364,043

一般和行政

179,456

340,119

123,765

387,063

处置设备的(收益)损失

3,022

7,431

(6,344) (224)
其他业务支出总额

977,829

1,674,093

503,596

1,356,172

营业收入

2,095,596

4,237,569

289,987

303,010

其他(收入)支出:
投资 Buckskin Gold and Silver, Inc. 的股权(收益)亏损

1,589

(278) (1,007) (1,357)
扣除成本后的木材收入
(6,049) (19,406)

-

(20,724)
股权证券投资亏损

-

453

2,880

2,880

短期投资的收益
(21,862) (21,862)

-

-

利息收入
(38,606) (58,241) (18,756) (37,693)
利息支出

25,602

46,167

11,048

19,896

其他(收入)支出总额
(39,326) (53,167) (5,835) (36,998)
净收入

2,134,922

4,290,736

295,822

340,008

归属于非控股权益的净亏损
(22,951) (38,246) (31,971) (48,384)
归属于爱达荷战略资源公司的净收益

$

2,157,873

$

4,328,982

$

327,793

$

388,392

普通股每股净收益-基本

$

0.17

$

0.34

$

0.03

$

0.03

加权平均未偿普通股——基本

12,836,205

12,674,789

12,256,523

12,228,844

摊薄后每股普通股净收益

$

0.17

$

0.34

$

0.03

$

0.03

已发行普通股的加权平均值——摊薄

13,043,026

12,904,998

12,259,438

12,232,638

Idaho Strategic Resources, Inc.
Condensed Consolidated Balance Sheets (Unaudited)

爱达荷州战略资源有限公司
简明合并资产负债表(未经审计)

June 30,
2024
December 31,
2023
ASSETS
Current assets:
Cash and cash equivalents

$

1,801,257

$

2,286,999

Short term investments

6,344,725

-

Gold sales receivable

1,516,514

1,038,867

Inventories

766,612

876,681

Joint venture receivable

1,413

2,080

Investment in equity securities

-

5,649

Other current assets

172,036

236,837

Total current assets

10,602,557

4,447,113

Property, plant and equipment, net of accumulated depreciation

10,492,298

10,233,640

Mineral properties, net of accumulated amortization

9,459,771

7,898,878

Investment in Buckskin Gold and Silver, Inc

339,047

338,769

Investment in joint venture

435,000

435,000

Reclamation bond

256,310

251,310

Deposits

600,267

285,079

Total assets

$

32,185,250

$

23,889,789

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses

$

732,832

$

484,221

Accrued payroll and related payroll expenses

286,187

266,670

Notes payable, current portion

745,132

978,246

Total current liabilities

1,764,151

1,729,137

Asset retirement obligations

295,874

286,648

Notes payable, long term

1,985,742

1,338,406

Total long-term liabilities

2,281,616

1,625,054

Total liabilities

4,045,767

3,354,191

Commitments Notes 5 and 9

-

-

Stockholders' equity:
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding

-

-

Common stock, no par value, 200,000,000 shares authorized; June 30, 2024-12,958,574 and December 31, 2023- 12,397,615 shares issued and outstanding

38,264,643

34,963,739

Accumulated deficit
(12,881,656) (17,210,638)
Total Idaho Strategic Resources, Inc stockholders' equity

25,382,987

17,753,101

Non-controlling interest

2,756,496

2,782,497

Total stockholders' equity

28,139,483

20,535,598

Total liabilities and stockholders' equity

$

32,185,250

$

23,889,789

6月30日
2024
十二月三十一日
2023
资产
流动资产:
现金和现金等价物

$

1,801,257

$

2,286,999

短期投资

6,344,725

-

应收黄金销售款

1,516,514

1,038,867

库存

766,612

876,681

合资企业应收账款

1,413

2,080

投资股权证券

-

5,649

其他流动资产

172,036

236,837

流动资产总额

10,602,557

4,447,113

不动产、厂房和设备,扣除累计折旧

10,492,298

10,233,640

矿产财产,扣除累计摊销额

9,459,771

7,898,878

投资鹿皮黄金和白银公司

339,047

338,769

投资合资企业

435,000

435,000

回收债券

256,310

251,310

存款

600,267

285,079

总资产

$

32,185,250

$

23,889,789

负债和股东权益
流动负债:
应付账款和应计费用

$

732,832

$

484,221

应计工资和相关的工资支出

286,187

266,670

应付票据,当期部分

745,132

978,246

流动负债总额

1,764,151

1,729,137

资产报废债务

295,874

286,648

长期应付票据

1,985,742

1,338,406

长期负债总额

2,281,616

1,625,054

负债总额

4,045,767

3,354,191

承诺附注5和9

-

-

股东权益:
优先股,无面值,授权1,000,000股;未发行或流通股票

-

-

普通股,无面值,授权2亿股;2024年6月30日-12,958,574股和2023年12月31日-已发行和流通12,397,615股

38,264,643

34,963,739

累计赤字
(12,881,656) (17,210,638)
爱达荷州战略资源公司股东权益总额

25,382,987

17,753,101

非控股权益

2,756,496

2,782,497

股东权益总额

28,139,483

20,535,598

负债和股东权益总额

$

32,185,250

$

23,889,789

Forward Looking Statements

前瞻性陈述

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Often, but not always, forward-looking information can be identified by forward-looking words such as "intends", "potential", "believe", "plans", "expects", "may", "goal', "assume", "estimate", "anticipate", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, assumptions, intentions, or statements about future events or performance. Forward-looking information includes, but are not limited to, Idaho Strategic Resources' potential to deliver Q3 2024 financial performance that is in-line, better, or worse than Q2 2024, the potential for the Company to initiate and complete additional capital investments that may or may not lead to increased production, the Company's plans to increase its exploration and development efforts, the potential for Idaho Strategic's operations to remain profitable in Q3 2024, the potential for ongoing and future drilling and exploration work to yield positive results, the potential for the Company's planned power upgrades to be completed on time and on budget, the potential for the Company to complete a drill program at Eastern Star this year, and the potential monetary and operational benefits of implementing the paste backfill system. Forward-looking information is based on the opinions and estimates of Idaho Strategic Resources as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of IDR to be materially different from those expressed or implied by such forward-looking information. Investors should note that IDR's claim as the largest rare earth elements landholder in the U.S. is based on the Company's internal review of publicly available information regarding the rare earth landholdings of select companies within the U.S., which IDR is aware of. Investors are encouraged not to rely on IDR's claim as the largest rare earth elements landholder in the U.S. while making investment decisions. The forward-looking statement information above, and those following are applicable to both this press release, as well as the links contained within this press release. With respect to the business of Idaho Strategic Resources, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreaks; interpretations or reinterpretations of geologic information; the accuracy of historic estimates; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms; the ability to operate the Company's projects; and risks associated with the mining industry such as economic factors (including future commodity prices, and energy prices), ground conditions, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Idaho Strategic Resources filings with the SEC on EDGAR. IDR does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

本新闻稿包含经修订的1933年《证券法》第27A条和经修订的1934年《证券交易法》第21E条所指的 “前瞻性陈述”,旨在涵盖这些条款设立的安全港。通常,但并非总是如此,前瞻性信息可以通过诸如 “打算”、“潜在”、“相信”、“计划”、“期望”、“可能”、“目标”、“假设”、“估计”、“预期” 和 “意愿” 等前瞻性词语来识别,或暗示未来结果的类似词语,或其他预期、信念、假设、意图或有关未来事件或业绩的陈述。前瞻性信息包括但不限于:爱达荷战略资源公司在2024年第三季度实现与2024年第二季度持平、好于或差的财务业绩的可能性、公司启动和完成可能导致产量增加的额外资本投资的可能性、公司增加勘探和开发工作的计划、爱达荷战略的业务在2024年第三季度保持盈利的可能性、正在进行和未来的钻探和勘探的可能性努力取得积极成果,公司计划中的电力升级有可能按时按预算完成,公司今年在东星完成钻探计划的可能性,以及实施浆料回填系统的潜在金钱和运营收益。前瞻性信息基于爱达荷战略资源公司在提供此类信息之日的观点和估计,并受已知和未知的风险、不确定性和其他因素的影响,这些因素可能导致IDR的实际业绩、活动水平、业绩或成就与此类前瞻性信息所表达或暗示的结果存在重大差异。投资者应注意,IDR声称自己是美国最大的稀土元素土地持有者,这是基于该公司对有关美国境内部分公司稀土土地持有量的公开信息的内部审查,IDR知道这一点。鼓励投资者在做出投资决策时不要依赖印尼盾作为美国最大的稀土元素土地持有者的说法。上述前瞻性陈述信息以及以下前瞻性陈述信息适用于本新闻稿以及本新闻稿中包含的链接。就爱达荷战略资源的业务而言,这些风险和不确定性包括与大规模流行病或疫情爆发相关的风险;对地质信息的解释或重新解释;历史估计的准确性;不利的勘探结果;无法获得未来勘探、开发或生产所需的许可证;影响公司经营行业的总体经济状况和条件;监管要求和批准的不确定性;矿产和大宗商品的波动价格;以可接受的条件获得未来必要融资的能力;运营公司项目的能力;以及与采矿业相关的风险,例如经济因素(包括未来的大宗商品价格和能源价格)、地基条件、工厂、设备、流程和运输服务未能按预期运行、环境风险、政府监管、当前勘探和生产活动的实际结果、矿石品位或回收率的可能变化、许可时间表、资本和建筑支出,开垦活动。尽管公司试图确定可能导致实际业绩与前瞻性信息中包含的业绩存在重大差异的重要因素,但可能还有其他因素导致业绩与预期、估计或预期不符。提醒读者不要过分依赖此类信息。有关可能导致实际结果与这些前瞻性信息存在重大差异的因素的更多信息,请参阅爱达荷州战略资源向美国证券交易委员会提交的关于EDGAR的文件。除非法律要求,否则IDR不承担任何义务公开更新或以其他方式修改任何前瞻性信息,无论这些信息是由于新信息、未来事件还是其他影响这些信息的因素造成的。

SOURCE: Idaho Strategic Resources, Inc.

来源:爱达荷州战略资源公司


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