Idaho Strategic sees 2023 topline revenue $13.6M

Idaho Strategic Resources announced that 2023 was its best year in corporate history – continuing its track record of consistent revenue growth and operating results. Estimated top-line revenue for 2023 is $13.6M resulting from over 8,100 ounces of gold production, which represents a 41.9% increase in revenue and a 32.7% increase in ounces produced over 2022. Idaho Strategic President and CEO, John Swallow stated, “The 2023 results and year over year numbers speak for themselves. And with a good start to 2024 already underway, it is not difficult to see why we talk often about our team and company-wide dedication – the recognition is well-deserved. The record-setting results of 2023 and IDR‘s track record of continued year over year growth belongs to our employees, families, shareholders, and those that have supported us along the way.” At the Golden Chest Mine, IDR’s results were driven largely by focusing on the impressive H-Vein, improved mine scheduling, keeping costs in check, and increasing the number of active stopes. The Company also added a CAT AD30 to its fleet of mine equipment. The AD30 is a 30-tonne underground haul truck that complements the existing CAT AD22 underground haul truck. Swallow concluded, “We have mentioned on occasion that there are subtleties that exist which are not easily seen in the numbers yet play an important role in the actual results. This is apparent in our gold mining and milling operations as well as with exploration and our rare earth projects. Every component of our ecosystem relies on those standing on either side, however one standout over the last couple years that deserves some additional recognition has been our shop. The relationship between the shop and the underground (and everyone else) is positive and almost seamless. Being responsible for the upkeep of mining equipment is akin to working on a car as it is going down the highway – and Steve and his guys are on it.”