Idaho Strategic Resources, Inc. (IDR) Stock Analysis

Idaho Strategic Resources (IDR) possesses several notable competitive advantages within the U.S. gold and rare earth elements (REE) sectors. First, IDR is the only publicly traded U.S. company combining profitable gold production with a large, officially recognized REE land package—19,000+ acres in Idaho—providing both cash flow and exposure to critical minerals. In contrast, most U.S. gold juniors lack meaningful REE assets, while REE peers such as MP Materials (Mountain Pass) are single-asset, REE-focused and face geopolitical supply chain risks.

Operationally, IDR’s Golden Chest Mine is Idaho’s largest gold producer, with 2024 output of 11,915 ounces at a high average head grade of 9.67 grams per tonne. The company’s all-in sustaining cost (AISC) of $1,478/oz is competitive, especially given its ongoing reinvestment in exploration and infrastructure. By comparison, many North American gold juniors report higher costs and lack IDR’s consistent profitability (nine consecutive quarters of GAAP net income as of Q1 2025).

IDR’s vertically integrated model—owning mining, milling, and processing—enables cost control and operational flexibility. Its local workforce and “we live here” culture foster high employee retention and community support, reducing labor risk relative to remote or fly-in/fly-out operations.

Finally, IDR’s balance sheet is conservative, with low net debt and substantial cash and U.S. Treasury holdings, supporting self-funded growth and resilience against commodity price volatility.