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IDRBullishEarningsnews
High materiality8/10

IDR Q2 2026 Revenue Up 13% Amid Mine Development and REE Opportunity

Aug 13, 2026, 6:35 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong Q2 revenue, improving production metrics, and notable development progress support a higher multiple; REE exposure adds optionality that could attract a broader investor base.

AI summary

What happened, with direct paths to the underlying reporting

Idaho Strategic Resources reported Q2 2026 revenue of $10.73 million, up 13.25% YoY, with net income of $3.65 million and EPS of $0.23. The company progressed Golden Chest and the Jumbo vein (No. 2 portal and 384 meters of development) while wildfire briefly shut the New Jersey mill. Rare-earth exploration and REE ETF inclusion add optionality to IDR's gold-centric growth plan.

  • Q2 2026 revenue rose 13.25% to $10.73M; IDR net income $3.65M, EPS $0.23.
  • Ounces produced: 3,047; head grade 7.89 gpt; ore processed 11,094 tonnes.
  • All-in sustaining cost per ounce: $2,261.81; coarse cost structure shown in results.
  • Golden Chest/Jumbo vein progress: No.2 portal opened; 384m development; 4 cuts side-by-side.
  • Wildfire temporarily shut New Jersey mill; REE exposure rising via REXC ETF inclusion.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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