Mon, Mar 31, 10:46 AM (27 days ago)
### Financial Performance and Strategic Overview **Financial Performance:** - **Revenue:** $25,765,373 in 2024, up 88.7% from $13,656,733 in 2023. - **Net Income:** $8,753,377 in 2024, significantly higher than $1,073,449 in 2023. - **Gross Profit:** $12,950,493 in 2024, compared to $3,965,036 in 2023. - **Cash Cost per Ounce:** $909.63 in 2024, down from $966.00 in 2023. - **All-In Sustaining Costs (AISC) per Ounce:** $1,478.41 in 2024, slightly up from $1,450.34 in 2023. **Strategic Overview:** - **Gold Production:** Focus on the Golden Chest Mine, with 11,915 ounces produced in 2024. - **Rare Earth Elements (REE):** Exploration in Idaho's REE-Th Belt, with properties like Diamond Creek, Mineral Hill, and Lemhi Pass. - **Market Position:** Trading on the NYSE American under the symbol "IDR." **Future Outlook:** - **Production:** Continued focus on underground mining at the Golden Chest Mine. - **Exploration:** Ongoing exploration and development in the REE sector. - **Financial Condition:** Positive cash flow from operations, with plans to continue investing in growth. **Risk Factors:** - **Operational Risks:** Ground failures, equipment issues, and weather impacts. - **Market Risks:** Fluctuations in gold prices and competition. - **Environmental Risks:** Compliance with regulations and potential liabilities. **Market Position Changes:** - **Shareholder Base:** Approximately 300 shareholders of record as of March 1, 2025. - **Dividend Policy:** No dividends declared or paid in the past, with no plans to pay in the foreseeable future. **Financial Condition:** - **Cash and Cash Equivalents:** $1,106,901 at the end of 2024. - **Working Capital:** $9,462,524 at the end of 2024. - **Debt:** Managed debt with contractual obligations met through cash flows and potential financings.