Idaho Strategic Resources, Inc. (IDR) reported significant financial growth in its 2025 fiscal year, with revenues from gold sales reaching $42.4 million, a 64.6% increase from $25.8 million in 2024. This surge in revenue was driven by a rise in gold production, which totaled 12,538 ounces, and higher realized gold prices, averaging $3,583.43 per ounce compared to $2,306.86 in the previous year. The company's gross profit also saw a substantial increase, climbing to $26.2 million, resulting in a gross profit margin of 61.8%, up from 50.3% in 2024. Net income for the year was reported at $16.6 million, more than doubling from $8.8 million in 2024.
Operationally, IDR focused on its Golden Chest Mine, where it mined 41,840 tonnes of ore at an average grade of 10.14 grams per tonne (gpt) of gold. The company completed extensive drilling, totaling 19,362 meters, aimed at converting mineral resources into reserves, particularly in the H-Vein and Paymaster areas. The total proven and probable reserves at the Golden Chest Mine increased significantly to 338,521 tonnes at a grade of 6.95 gpt, reflecting the successful exploration efforts and the conversion of resources into reserves.
Strategically, Idaho Strategic has expanded its portfolio to include three rare earth element (REE) properties: Mineral Hill, Lemhi Pass, and Diamond Creek, which are positioned within the U.S. national REE inventory. The company has initiated various exploration programs, including geophysical surveys and drilling, to advance these projects. Notably, a Memorandum of Understanding was signed with Clean Core Thorium Energy, Inc. to explore thorium mining and processing, indicating a strategic pivot towards critical minerals in response to growing demand in advanced technologies and national defense.
The company’s workforce has also grown, with a total of 62 full-time employees as of December 31, 2025. This increase in personnel supports the company's operational and exploration initiatives. Looking ahead, Idaho Strategic aims to continue its focus on gold production while advancing its REE projects, leveraging its established infrastructure and relationships with state agencies to enhance its operational capabilities and market position. The company anticipates maintaining positive cash flow from operations, driven by ongoing mining activities at the Golden Chest Mine and further exploration of its REE properties.
About Idaho Strategic Resources, Inc.
Idaho Strategic Resources, Inc. is a mining company focused on gold production and exploration in Idaho. It operates the Golden Chest Mine and owns significant rare earth element properties. The company provides mineral extraction, processing, and development services, leveraging established infrastructure and land holdings. Its core value lies in its diversified resource portfolio, targeting domestic precious and strategic metals markets through exploration, mining, and mineral processing activities.
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