Idaho Strategic Resources, Inc. 1Q 2026: Revenue $14.48M, EPS $0.4— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Idaho Strategic Resources, Inc. reported a 99% year-over-year revenue increase to $14.48M for Q1 2026, with a diluted EPS of $0.4, up 233.3%. The growth was driven by higher gold prices and operational expansion at the Golden Chest operation, which produced 3,234 oz of gold. The company also advanced exploration activities and managed sales effectively, with 7,819 oz sold but unsettled at period end. Overall, net income surged 297% to $6.39M compared to the prior year.
Idaho Strategic Resources, Inc. reported first-quarter 2026 results with revenue of $14.48M and diluted EPS of $0.4, driven by higher realized gold prices and operational expansion at its Golden Chest operation compared with the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $14.48M | $7.28M | 99% |
| Net income² | $6.39M | $1.61M | 297% |
| Diluted EPS³ | $0.4 | $0.12 | 233.3% |
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 rose 99% year over year to $14.48M, primarily reflecting a roughly 65% higher realized gold price and modest volume gains.
- Golden Chest produced 3,234 oz from 11,290 dmt processed with 92.1% recovery, supporting profitable underground operations.
- Operational expansion included 193 meters of development, a record 4,008 m3 of cemented rock fill backfill, and delivery of crushers plus two 4-yd LHDs to scale mine and mill operations.
- Exploration activity totaled about 8,700 meters drilled at Golden Chest with $960K of core drilling capitalized; rare-earth element programs advanced at Mineral Hill and Lemhi Pass.
- Sales and inventory management: 7,819 oz were sold but remained unsettled at period end; concentrate pricing was managed via provisional payments and hedging to estimate final receipts.
Original SEC Filing: Idaho Strategic Resources, Inc. [ IDR ] - 10-Q - May. 14, 2026