Idaho Strategic Resources, Inc. (IDR) Stock

Idaho Strategic Resources, Inc. (IDR) is a Materials stock trading at $32.13 (as of 2026-08-24), with a market capitalization of $508.49M and a trailing P/E of 26.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Idaho Strategic Resources, Inc. is engaged in the exploration, development, and extraction of gold, silver, and base metal mineral resources in the Greater Coeur d’Alene Mining District of North Idaho and Western Montana. It holds a 100% interest in the Golden Chest Mine, including 25 patented and 90 unpatented claims in Murray, Idaho.

Understand Idaho Strategic Resources, Inc.: how it makes money

Idaho Strategic Resources explores, develops, and extracts gold, silver, and base metal mineral resources, centered on its 100% owned Golden Chest Mine in North Idaho and Western Montana, and its operational results depend on what the mine produces and how effectively its New Jersey Mill recovers gold.

The profit engine is physical production, it starts with underground and mined ore at the Golden Chest Mine and is converted into payable metal via mill recovery, then the outcome is driven by the average realized gold price.

Business quality (Strong): Investment thesis quality hinges on operating execution, the provided KPIs point to mill recovery and production volume as key levers, but there are no reportable segments listed here to help break results by asset or product.

Valuation: At 25× earnings, IDR trades 41% above the Precious Metals average (18×). Note: one-time items can distort reported P/E.

Bull case

High mill conversion signal: Gold Recovery (New Jersey Mill) is reported at 92.1 percent for the period.
Production is being tracked directly: Gold Production (Concentrates and Doré) is reported at 3234.0, alongside ore tonnes processed of 11290.0 and dry metric tonnes processed of 10430.0.
Asset control is concentrated in a 100% owned mine footprint: The company owns 100% interest in the Golden Chest Mine, which includes 25 patented mining claims (280 acres) and 90 unpatented claims (1,390 acres).

Bear case

Commodity price sensitivity: Average Realized Gold Price is tracked as an operating KPI, implying profitability can change as realized prices move.
Operations and processing execution matter: Key KPIs include mill recovery and ore processing, so underperformance in recovery or throughput would directly weaken the profit conversion from mined ore to recovered gold.
Development and expansion execution risk: Development and drilling KPIs such as Main Access Ramp Development Advanced and Drilling Completed are tracked, which suggests ongoing progress depends on execution against construction and drilling plans.

Valuation — source: SEC EDGAR (first-party)
Price	$32.13
Market Cap	$508.49M
P/E Ratio	26.2
EV / EBITDA	20.7
Price / Book	4.13
Price / Sales	10.01
FCF Yield	4.7%
DCF Value (model)	$13.62
DCF Upside vs Price	-57.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$42.41M
Net Margin	39.4%
Revenue Growth (YoY)	99.0%
EPS Growth (YoY)	233.3%
FCF Growth (YoY)	493.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	57.86 (safe)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	26.2
Sector P/E (Materials)	25.9
Industry P/E (Precious Metals)	24.4
vs Sector	1.2%
vs Industry	7.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	STATE STREET CORP ($37.09M)
Institutional Holders Tracked	10

Company
Sector	Materials
Industry	Precious Metals
CEO	John A. Swallow
Employees	51
Country	US
IPO Date	1999-10-27

Related Companies (Precious Metals; 8 comparable companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.