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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statements of Operations    
Revenue-gold sales $ 25,765,373 $ 13,656,733
Cost of sales:    
Cost of sales and other direct production costs 10,861,492 8,224,994
Depreciation and amortization 1,953,388 1,466,703
Total cost of sales 12,814,880 9,691,697
Gross profit 12,950,493 3,965,036
Other operating expenses:    
Exploration 2,920,535 1,523,221
(Gain) loss on disposal of equipment 1,431 (13,026)
Management 407,715 255,579
Professional services 432,237 556,766
General and administrative 763,040 630,126
Total other operating expenses 4,524,958 2,952,666
Income from operations 8,425,535 1,012,370
Other (income) expense:    
Equity income on investment in Buckskin Gold and Silver, Inc. (2,667) (4,517)
Loss on investment in equity securities 453 5,451
Timber revenue (19,406) (20,724)
Interest income (389,517) (85,491)
Interest expense 83,295 44,202
Total other (income) expense (327,842) (61,079)
Net income 8,753,377 1,073,449
Net loss attributable to non-controlling interest (83,308) (84,297)
Net income attributable to Idaho Strategic Resources, Inc. $ 8,836,685 $ 1,157,746
Net income per common share-basic $ 0.68 $ 0.09
Weighted average common shares outstanding-basic 13,026,487 12,254,539
Net income per common share-diluted $ 0.67 $ 0.09
Weighted average common shares outstanding-diluted 13,197,308 12,260,539