Vmbook Online ordering

Industrial Metals Minerals

New Jersey Mining Company (NJMC) is a gold and silver mining company based in Idaho, USA. The company is focused on the re-development of the historic New Jersey and Golden Chest Mines in the Murray Gold Belt, which is located in the Coeur d'Alene Mining District in northern Idaho.

As of my knowledge up to 2021, NJMC has been reporting positive financial results in recent years, with revenues and net income gradually increasing. The company's revenue for the year ended December 31, 2020 was approximately $6.2 million, representing an increase of 64% compared to the previous year. The net income for the same period was approximately $1.2 million, or $0.03 per share, compared to a net loss of $0.2 million in 2019.

NJMC's earnings have been driven by the successful re-development of its mining operations, as well as the continued exploration and discovery of additional gold and silver resources. The company's cash position has also improved significantly in recent years, providing it with the financial flexibility to continue investing in its operations and growth initiatives.

However, it's important to note that investing in the stock market always carries risk, and NJMC is no exception. While the company has reported positive financial results and has made progress in its mining operations, there are always risks and uncertainties that can impact its performance and stock price. Therefore, it's recommended to conduct thorough research and consider seeking advice from financial advisors before making investment decisions.