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IDR

Idaho Strategic Resources, Inc.

https://www.idahostrategic.com

Industry

Gold

Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho and Western Montana. It owns 100% interest in the Golden Chest Mine that consists of 25 patented mining claims covering an area of 280 acres and 90 unpatented claims mine covering an area of 1,390 acres located in Murray, Idaho. The company was founded in 1996 and is headquartered in Coeur d'Alene, Idaho.

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BMO Capital analyst Katja Jancic downgraded Alcoa Corporation's (AA) price target from $30 to $29 following a Q4 earnings report showing a loss and revenue decline. Idaho Strategic Resources (IDR) reported its best year with significant revenue and gold production increases. American Battery Technology Company (ABAT) announced an upgraded resource classification for its Tonopah Flats Lithium Project, indicating a stronger potential for commercialization with a substantial increase in lithium resource size and higher confidence levels.

Portfolio Pulse from Austin DeNoce

January 18, 2024 | 9:31 pm

Idaho Strategic Resources (NYSE:IDR) reported a 41.9% increase in year-over-year top-line revenue for 2023, reaching $13.6 million. This growth is attributed to the production of over 8,100 ounces of gold, marking a 32.7% increase in production compared to 2022. The company has highlighted this achievement as its best year in corporate history, emphasizing consistent growth in revenue and operating results.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:06 pm

UBS Group initiated coverage on Alcoa Corporation with a Sell rating and a $29 price target. Dakota Gold Corp. reported promising drill results from its Richmond Hill Gold Project, indicating potential resource expansion. U.S. GoldMining Inc. announced positive assay results from its Whistler Gold-Copper Project, with plans for a significant drilling program in 2024. Idaho Strategic Resources will participate in upcoming industry events to increase company awareness.

Portfolio Pulse from Austin DeNoce

January 16, 2024 | 9:39 pm

Idaho Strategic Resources, Inc. reported trenching results from its Lemhi Pass project, revealing up to 5% total rare earth elements (REEs), with concentrations of magnet REEs exceeding 70%. These findings underscore the project's potential for significant REE deposits, which are critical for various high-tech and green energy applications.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:12 pm

Idaho Strategic Resources (AMEX:IDR) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $0.01 by 200%. This is a 142.86% increase over losses of $(0.07) per share from the same period last year. However, the company's quarterly sales of $3.24 million missed the analyst consensus estimate of $3.40 million by 4.79%. This is a 37.28% increase over sales of $2.36 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 10:37 am

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