AI-extracted from the 10-Q filed 2026-08-13 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 13.3% YoY to $10.7M on a $4,277.53 average realized gold price, lifting net income 32.4% to $3.6M despite a first-ever 17.48% tax rate.
Biggest Revenue Drivers
Concentrate sales to H&H Metals Corp.$10.7M+13.3% YoY
Increase due to increased average gold price realized on ounces sold ($4,277.53 vs. $3,223.38)
Biggest Revenue Drivers
Total revenue: $10.7M+13.3% YoY
Concentrate sales to H&H Metals Corp.$10.7M+13.3% YoY
Increase due to increased average gold price realized on ounces sold ($4,277.53 vs. $3,223.38)
Within Concentrate sales to H&H Metals Corp.
Gold$10.8Mvs. $9.6M prior-year quarter
3,047 ounces produced; 11,094 dry metric tonnes processed at 7.89 gpt head grade, 91.4% recovery
Silver$71,747vs. $44,454 prior-year quarter
Doré sales to refineries$0
No doré sold in the quarter; all sales were flotation concentrate
Largest Expense Items
Cost of sales and other direct production costs$3.9Mvs. $3.5M prior-year quarter
Cash cost per ounce of $1,020.88, down $43.80 versus the prior-year quarter
Exploration$1.7M-$513,882 YoY
Company capitalized $1,046,700 of core drilling costs at the Golden Chest versus $0 a year ago
Depreciation and amortization$845,640vs. $541,738 prior-year quarter
Property, plant and equipment depreciation of $719,670 plus mineral property amortization of $125,970
Income tax provision$726,914vs. $0 prior-year quarter
Effective rate of 17.48% now that cumulative loss position and historical NOLs have been worked through
Margins: Gross profit margin slipped to 56.2% from 57.8% a year earlier, which the filing attributes to lower grade processed. Operating income rose 45.5% to $3,662,904.
Watch Items from the Filing
All quarterly revenue came from concentrate sold to a single broker, H&H Metals, which also owes the entire $2,961,809 gold sales receivable.
AISC per ounce rose to $2,261.81 from $1,948.53 on higher sustaining capital tied to Golden Chest core drilling; adjusted AISC rose to $1,819.75.
Revenue growth is price-driven: realized gold averaged $4,277.53/oz versus $3,223.38, while ounces produced rose only to 3,047 from 3,010.
A June wildfire adjacent to the New Jersey Mill blocked access for one week and burned some company timberland; no mill or equipment damage.
Capital outlays are stepping up: $5.8M PP&E purchases, $4.7M equipment deposits, and $5.0M mineral property additions drove $16.4M of investing outflows year-to-date.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Hayes Monique DCorporate SecretaryOption exercise · Jan 7, 2026
About Idaho Strategic Resources, Inc. (IDR): stock profile, AI score and financials
Idaho Strategic Resources, Inc. (IDR) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores IDR at 71.2/100 on a composite quality score built from its SEC filings, placing it at rank #189 of 2,925 stocks — the top 10% of the AI-ranked universe. IDR scores in the top quartile across profitability (97.4), balance sheet strength (97.3), revenue growth (95.5). Areas of concern include revenue scale (9.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 29.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Idaho Strategic Resources, Inc. reports quarterly revenue of $10.7M, net income of $3.7M, an operating margin of 34.1%. Top institutional holders of IDR by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. IDR trades on the NYSE exchange and files with the SEC under CIK 1030192. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate IDR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Idaho Strategic Resources, Inc. directly from SEC EDGAR.