Idaho Strategic Resources, Inc.
Idaho Strategic Resources, Inc. is an Idaho-based gold producer operating the high-grade underground Golden Chest Mine, in continuous production since 2016, which funds reinvestment in production growth and district-scale exploration. FY2025 (year ended 31 Dec 2025) delivered record results: revenue of $42.41 million (+64.6% y/y), diluted EPS of $1.14 (+70.1% y/y, the company's third consecutive year of GAAP profitability), net income of $16.72 million, gold production of 12,538 oz (+5.2%), AISC of $1,891.79/oz (adjusted AISC $1,494.75/oz), and $73.31 million in cash & investments at year-end. Proven & Probable reserves at Golden Chest grew 53.2% after 2025 conversion drilling. The company also holds the Niagara copper-silver project and several rare-earth-element properties in Idaho's REE-Th Belt; in Jul 2026 it reported significant heavy rare earth element (including yttrium) mineralization at its Diamond Creek project, and its Critical Material Innovation proposal was selected for U.S. Department of Energy funding. President & CEO is John Swallow.
Notable vs. Peers
- Financials score of 9.7/10 is stronger than the peer average of 6.5/10.
- Trading within 4% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Jun 2016 · Source
- Aug 2016 · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Idaho, United States -- top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Golden Chest Mine.
Nearby producing mine (20%)10/10
Lucky Friday (Hecla Mining Company) is 17 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:8.3/10
Nearest producing mine: Lucky Friday (Hecla Mining Company), 17 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and CEO of Idaho Strategic Resources, Inc., leading the Golden Chest gold mine and the company's critical-minerals (REE) exploration portfolio in Idaho.
Co-founder of the Company (as New Jersey Mining Co.) in 1996; registered professional mining engineer (Idaho), B.S. Mining Engineering, University of Idaho. Supervises mining and milling operations at the Golden Chest mine and New Jersey Mill, including permitting, bonding and internal feasibility studies. Immediately before co-founding the Company, worked for Newmont Gold Co. on the Carlin Trend in open pit mine planning and pit supervision for three years.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Idaho Strategic Resources' register is entirely passive -- State Street Corp discloses a real 5.71% stake, an index-fund position, not a discretionary specialist pick -- with no producer or specialist fund found beyond it. Three distinct insiders sold shares in the trailing 12 months with none buying, which would ordinarily score -1, but the rubric's floor of 1 applies regardless.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Idaho Strategic Resources is a US gold producer operating the high-grade Golden Chest underground mine near Murray, in Idaho's Shoshone County, in continuous production since 2016, with ore trucked to its own New Jersey Mill in Kellogg. Golden Chest holds 218,504 oz of gold in measured and indicated resources, inclusive of reserves, plus 55,911 oz inferred, as of 31 December 2025, after reserves grew 53.2% on 2025 conversion drilling. In 2025 the mine produced 12,538 oz of gold at an all-in sustaining cost of US$1,891.79/oz. The company also holds the Niagara copper-silver project and rare-earth properties in Idaho, and in July 2026 reported heavy rare earth mineralization at its Diamond Creek project.