Idaho Strategic Reports Record First Quarter 2026 Operating and Financial Performance
Idaho Strategic Resources reported a record Q1 2026 revenue of $14,482,286, up 98.97% year-over-year, driven by increased gold production and higher gold prices. Net income for the quarter was a record $6,387,992, up 297.02% from $1,608,979 in Q1 2025, with EPS increasing from $0.12 to $0.40. The company also made significant progress in exploration, including finalizing plans for the 2026 field season and executing a long-term lease on the Niagara copper-silver project, which adds potential significant copper-silver exposure.
Key figures
- Eps
- 0.4
- Revenue
- 14482286
- Guidance
- Q2 2026 financial performance expected to be in-line, better, or worse than Q1 2026; continued exploration and capex initiatives at the Golden Chest; planned drilling and exploration activities for 2026; potential for Niagara to be a significant copper-silver project; high-quality exploration targets in Murray Gold Belt for many years; continued buildout of the Murray Mill.
- Revenue Yoy
- 98.97%
- Net income
- 6387992
- Gross profit
- 9564898
- Gold production yoy
- 11.52%
- Gold production ounces
- 3234
- Exploration capitalization
- 960713
- Average realized gold price yoy
- 65.06%
- All in sustaining cost per ounce yoy
- 30.55%
AI analysis
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