Idaho Strategic Resources (IDR) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of $42.4 million, up 64.6% year-over-year, and three consecutive years of GAAP profitability.

• Net income rose 89.2% to $16.7 million, with diluted EPS of $1.14, a 70.1% increase from the prior year.

• Ended the year with $73.3 million in cash and investments.

• Record gold production and most meters drilled in company history, with significant operational and exploration milestones.

Financial highlights

• Gross profit increased 102.4% to $26.2 million compared to the previous year.

• Total cost of sales rose 26.4% to $16.2 million.

• All-in sustaining cost per ounce was $1,891.79, up 28.3% year-over-year; adjusted cost excluding exploration was $1,494.75.

Outlook and guidance

• Plans to safely grow production at Golden Chest Mine and advance Murray Mill facility in 2026.

• Focus on proving the Murray Gold Belt District as a major mineral district and expanding rare earth elements exploration.