Idaho Strategic Resources Reports Record Revenue in Q2 2025

Idaho Strategic Resources, Inc. announced a record quarterly revenue of $9.48 million for the second quarter ending June 30, 2025, marking a 54.71% increase compared to the same period in 2024. The company's financial performance was bolstered by significant advancements in their operations, including 5,819 meters of completed drilling.

The company processed 10,240 tonnes of ore, a 10.58% rise, and produced 3,010 ounces of gold despite a slight decrease in the feed grade. However, the all-in sustaining cost per ounce soared by 42.75%, reaching $1,980.41. Net income attributed to Idaho Strategic registered a 28.25% increase, amounting to $2.77 million.

President and CEO John Swallow highlighted that the company's robust revenue and cash flow have fueled increased investments in production and exploration activities. Swallow noted the strategic importance of expanding domestic demand within the rare earth elements sector.