IDR triples land holdings, turns profitable with $16.6M net income on higher gold prices

Filed March 23, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 31, 2025 · ~2 min read

Key Changes

• high

  Land holdings nearly tripled from 7,000 to over 20,000 acres in the Murray Gold Belt, with unpatented mineral claims more than doubling to 14,880 acres, significantly expanding exploration footprint.

  Business: Land Holdings Expansion view on EDGAR →
• high

  Net income rose 90% to $16.6M on 65% revenue growth to $42.4M, driven by 55% higher realized gold price ($3,583 vs $2,307/oz) and improved 62% gross margin. Company eliminated accumulated deficit and now holds $8.3M retained earnings.

  MD&A: Financial Performance verify on EDGAR →
• high

  Exploration drilling nearly doubled to 19,362 meters; Jumbo vein discovery yielded 25 meters at 85 gpt gold. Company permitting new Tailings Storage Facility for dedicated Golden Chest mill, signaling production expansion plans.

  MD&A: Exploration & Development verify on EDGAR →