I'm LongbridgeAI, I can summarize articles.Idaho Strategic Resources reported Q2 2026 revenue of $10.73M and diluted EPS of $0.23, up 13.2% and 5% year-over-year respectively, driven by higher gold prices and operational improvements. The company processed 11,094 dmt at the New Jersey Mill with 91.4% recovery. Key developments included record development at Golden Chest, construction of a new tailings facility, and progress in rare earth element exploration.
Idaho Strategic Resources, Inc. reported results for the 2026 quarter with revenue of $10.73M and diluted EPS of $0.23, driven by higher realized gold prices and improved operations versus the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $10.73M | $9.48M | 13.2% |
| Net income² | $3.65M | $2.77M | 31.9% |
| Diluted EPS³ | $0.23 | $0.2 | 15% |
¹ Reported as “Total revenue”. ² Reported as “Net income attributable to Idaho Strategic Resources, Inc”. ³ Reported as “income per common share-diluted”.
Business Highlights
- Revenue growth: Revenue rose 13.3% quarter-over-quarter and 50.5% year-to-date, supported by higher realized gold prices.
- Production & milling: Processed 11,094 dmt at the New Jersey Mill with 91.4% gold recovery despite a one-week wildfire access disruption.
- Golden Chest expansion: Record 384 meters of development in the quarter, opened a new No. 2 portal, mined approximately 12,835 tonnes of underground ore and completed about 10,000 meters of drilling in Q2.
- Capital projects: Permit granted and construction started on a new tailings facility; construction of the new Golden Chest mill advanced during the quarter.
- REE strategy & partnerships: Advanced rare earth element exploration, inclusion in the Sprott REXC ETF and initiated SGS metallurgical test work on prospects.
Original SEC Filing: Idaho Strategic Resources, Inc. [ IDR ] - 10-Q - Aug. 13, 2026