Business
Idaho Strategic Resources Reports Record First Quarter 2026 Operating and Financial Performance
Highlighted by a 98.97% Increase in Revenue to $14,482,286 and Record Quarterly Net Income of $6,387,992 COEUR D’ALENE, Idaho / May 14, 2026 / Business Wire /
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":"Highlighted by a 98.97% Increase in Revenue to $14,482,286 and Record Quarterly Net Income of $6,387,992 COEUR D’ALENE, Idaho / May 14, 2026 / Business Wire / Idaho Strategic Resources, Inc. (NYSE American: IDR) (“IDR”, “Idaho Strategic” or the “Company”) today announced its consolidated operating and financial results for the first quarter ending March 31, 2026. Consistent with the Company’s business plan, IDR maintained its profitability while growing its gold production and reinvesting in near-mine exploration opportunities and capital projects on-site. During the quarter, the Company’s geology team finalized its plans for broader exploration work in the 2026 field season focused on both the Murray Gold Belt District and the Idaho Rare Earth Elements-Thorium Belt. Additionally, work continued on the construction of the Company’s new Murray Mill, with the completion of the paste backfill circuit and the start of foundation work for installation of the new ball mill. Operating and financial results for the first quarter include: Operational Performance: Q1 2026 % Change Q1 2025 Ore Tonnes Processed 11,290 -0.47% 11,337 Average Flotation Feed Grade (gpt) 9.68 11.65% 8.67 Ounces Produced 3,234 11.52% 2,900 All-In Sustaining Cost Per Ounce ($USD) $1,868.07 30.55% $1,430.90 Financial Performance ($USD): Q1 2026 % Change Q1 2025 Revenue $14,482,286 98.97% $7,278,536 Total Cost of Sales $4,917,388 37.34% $3,580,450 Gross Profit $9,564,898 158.64% $3,698,086 Net Income Attributable to IDR $6,387,992 297.02% $1,608,979 Earnings Per Share (EPS) $0.40 233.33% $0.12 Average Realized Gold Price $4,702.04 65.06% $2,848.74 During the quarter, Idaho Strategic capitalized approximately $960,713 of core drilling at the Golden Chest that informed mine planning and resource confidence largely related to the continued exploration of the Paymaster area; compared to $0 in the comparable period in 2025. Moving forward, it is anticipated that IDR will capitalize a portion of exploration expenses quarterly rather than annually. Management believes this procedural accounting change provides investors with a clearer picture of the Company’s financial performance throughout the year. Idaho Strategic’s President and CE...