Idaho Strategic Reports Record Q1 2026 Revenue and Net Income
Idaho Strategic Resources, Inc. (NYSE American: IDR) announced record consolidated operating and financial results for the first quarter ending March 31, 2026. The company reported a 98.97% increase in revenue to $14,482,286 and a record quarterly net income of $6,387,992, representing a 297.02% year-over-year growth. This performance was driven by an 11.52% increase in gold production to 3,234 ounces and a significant rise in the average realized gold price to $4,702.04 per ounce. Operationally, IDR processed 11,290 tonnes of ore at its New Jersey Mill with a 92.1% gold recovery rate. The company continued capital projects, including construction of the new Murray Mill and exploration drilling at the Golden Chest mine. Additionally, IDR finalized plans for broader exploration in the Murray Gold Belt District and Idaho Rare Earth Elements-Thorium Belt. The company also executed a long-term lease agreement for the Niagara project, expanding its copper-silver exposure. Management highlighted these achievements as evidence that their business plan is effectively capitalizing on favorable market conditions and strategic acquisitions made in late 2025.
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Idaho Strategic Reports Record Q1 2026 Revenue and Net Income
Idaho Strategic Resources, Inc. (NYSE American: IDR) announced record consolidated operating and financial results for the first quarter ending March 31, 2026. The company reported a 98.97% increase in revenue to $14,482,286 and a record quarterly net income of $6,387,992, representing a 297.02% year-over-year growth. This performance was driven by an 11.52% increase in gold production to 3,234 ounces and a significant rise in the average realized gold price to $4,702.04 per ounce. Operationally, IDR processed 11,290 tonnes of ore at its New Jersey Mill with a 92.1% gold recovery rate. The company continued capital projects, including construction of the new Murray Mill and exploration drilling at the Golden Chest mine. Additionally, IDR finalized plans for broader exploration in the Murray Gold Belt District and Idaho Rare Earth Elements-Thorium Belt. The company also executed a long-term lease agreement for the Niagara project, expanding its copper-silver exposure. Management highlighted these achievements as evidence that their business plan is effectively capitalizing on favorable market conditions and strategic acquisitions made in late 2025.