Idaho Strategic Resources (IDR) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 99% year-over-year to $14.5M, driven by higher gold prices and increased production volume.

• Net income surged to $6.4M from $1.6M in Q1 2025, reflecting improved margins and operational efficiency.

• Maintained profitability while increasing gold production and reinvesting in exploration and capital projects.

• Expanded exploration and drilling programs, including a new lease on the Niagara copper-silver project.

• Gold production and sales were the primary contributors, with 7,819 ounces sold, mostly at predetermined prices.

Financial highlights

• Operating income for Q1 2026 was $7.6M, up 441% from $1.4M in Q1 2025.

• Gross profit increased 158.64% to $9,564,898.

• Net income attributable to shareholders reached $6,387,992, up from $1,608,979.

• Earnings per share grew to $0.40 from $0.12.

• Total assets increased to $125.97M from $116.24M at year-end 2025.

Outlook and guidance

• Focus remains on increasing gold production at Golden Chest and expanding REE exploration.

• Management expects to meet all contractual obligations and capital requirements for the next 12 months.

• Exploration and drilling programs set for multiple gold and REE projects in 2026.

• Plans to continue capitalizing a portion of exploration expenses quarterly for improved financial clarity.

• Management anticipates ongoing profitability and continued investment in exploration and capex at Golden Chest.