Company Reports Q1 Revenue of $14.48M, Up 98.5% Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Reports Q1 revenue $14.48M vs. $7.28M last year. Reports ounces produced up 11.52% year-over-year to 3,234 from 2,900 last year. CEO John Swallow stated, "Our goal for the year was to build on a strong 2025 - and as evidenced in our record first quarter results, the team has met these expectations. From increased production to expanded exploration and drilling programs, our business plan is working as designed. In addition to the two drills dedicated to resource conversion and exploration drilling at the Golden Chest, permitting is in place for drill programs this year at two projects in the Murray Gold Belt and at two of our REE prospects near Salmon. We are one of the few junior mining companies that put a mine into production when our industry was out of favor so that we could take advantage of opportunities when the tailwinds arrived. To that end, we followed up our acquisition of Hecla's Toboggan landholdings in Q3 2025 with the execution of a long-term lease agreement on the nearby Niagara project during Q1 2026, adding potentially significant copper-silver exposure to the company. Both of these additions were essential to consolidating the Murray Gold Belt District and provide the company with high-quality exploration targets that will last many years into the future."
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Analyst Views on IDR
Wall Street analysts forecast IDR stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 38.630
Low
45.00
Averages
45.00
High
45.00
Current: 38.630
Low
45.00
Averages
45.00
High
45.00
About IDR
Idaho Strategic Resources, Inc. is a gold producer and critical minerals/rare earth element (REE) exploration company focused on a diversified asset base and cash flows from operations. Its portfolio of mineral properties is located in the historic producing silver and gold districts of the Coeur d'Alene Mining region of north Idaho and the Elk City region of north-central Idaho, as well as the historic REE-Thorium Belt located near the city of Salmon in central Idaho. Its gold properties include the Golden Chest Mine, and the New Jersey Mill, as well as the Eastern Star exploration property and other less advanced properties. In addition to its gold properties, it has three REE exploration properties in Idaho known as Lemhi Pass, Diamond Creek, and Mineral Hill. The Golden Chest Gold Mine is located in northern Idaho. It lies within the Murray Gold Belt. It also operates Toboggan project, located in the Murray Gold Belt in northern Idaho, three miles north of its Golden Chest Mine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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