Idaho Strategic Q1 revenue doubles to $14.5M on 97% gold price surge; margins hit 66%

Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

• high

  Revenue nearly doubled to $14.5M (up 99%) driven almost entirely by a 65% jump in realized gold prices to $4,702/oz. Production volume contributed only 3% of the gain, highlighting pure commodity-price leverage.

  MD&A: Revenue Growth verify on EDGAR →
• high

  Net income quadrupled to $6.4M from $1.6M as gross margin expanded 15 points to 66%. Cash on hand surged 15-fold to $20.8M, and working capital now stands at $50.3M, eliminating near-term liquidity concerns.

  MD&A: Net Income & Working Capital verify on EDGAR →
• high

  All-in sustaining cost (AISC) rose $449/oz to $1,868 due to higher sustaining capital for core drilling at Golden Chest. Adjusted AISC climbed 52% to $1,527, pressuring unit economics despite strong gold prices.

  MD&A: AISC verify on EDGAR →