Group 1 - U.S. stocks showed mixed performance, with the Dow Jones increasing by over 600 points on Thursday [1] - Diamond Hill Investment Group Inc's shares surged 45.3% to $170.74 after First Eagle announced an acquisition for $175 per share in a $473 million all-cash deal [1] Group 2 - Planet Labs PBC's stock rose 29.7% to $16.79 following better-than-expected third-quarter sales results and an optimistic fourth-quarter sales guidance [2] - Nextdoor Holdings Inc experienced a gain of 22.9% to $3.11 [2] - Gemini Space Station Inc's shares jumped 19.2% to $13.54 after regulatory approval for its subsidiary to offer prediction markets to U.S. customers [2] - Rhythm Pharmaceuticals Inc's stock increased by 13.5% to $119.00 after announcing preliminary results from a Phase 2 trial for setmelanotide in Prader-Willi syndrome patients [2] - Candel Therapeutics Inc gained 12.4% to $6.52 [2] - VersaBank's shares rose 12.34% to $14.52 [2] - Perpetua Resources Corp's stock increased by 10.4% to $28.37 [2] - iHeartMedia Inc jumped 10.1% to $5.19 [2] - NovaBay Pharmaceuticals Inc gained 9.5% to $2.65 [2] - Idaho Strategic Resources Inc's shares rose 9.3% to $43.62 [2] - Immunovant Inc's stock increased by 8.5% to $25.57 after pricing a $550 million common stock offering [2] - Vail Resorts Inc gained 8.3% to $153.30 following first-quarter results [2] - Mosaic Co's shares surged 7.2% to $25.47 amid higher fertilizer stock prices after reports of Ukraine attacking Russian fertilizer plants [2] - Wayfair Inc's stock rose 6.9% to $99.76 [2] - Centene Corp gained 5.3% to $40.72 [2]

Core Insights - Idaho Strategic Resources, Inc. (IDR) reported quarterly earnings of $0.2 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.15 per share a year ago, representing an earnings surprise of +5.26% [1] - The company achieved revenues of $11.08 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 17.88%, compared to $6.15 million in the same quarter last year [2] - The stock has increased approximately 214% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $9.5 million, and for the current fiscal year, it is $0.75 on revenues of $35.6 million [7] - The estimate revisions trend for Idaho Strategic Resources was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Mining - Gold industry, to which Idaho Strategic Resources belongs, is currently ranked in the top 10% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Revenue Growth - Revenue increased by 80.1% for the three-month period ended September 30, 2025, compared to the same period in the prior year, primarily due to an increased average gold price realized on ounces sold, which was $3,578.07[90] - For the nine-month period ended September 30, 2025, revenue increased by 53.1% compared to the same period in the prior year, with the average gold price realized at $3,249.28[90] - Revenue increased by 80.1% for the three-month period and 53.1% for the nine-month period ended September 30, 2025, primarily due to higher average gold prices of $3,578.07 and $3,249.28, respectively[91] Profitability - Gross profit as a percentage of sales increased from 48.7% in the three-month period ended September 30, 2024, to 63.6% in the three-month period ended September 30, 2025[90] - Operating income for the three-month period ended September 30, 2025 was $2,593,970, an increase of 80.2% from the same period in 2024[97] - Net income for the three-month period ended September 30, 2025 was $2,960,340, an 88.4% increase compared to the same period in 2024[97] - Gross profit as a percentage of sales increased from 48.7% to 63.6% for the three-month period and from 49.0% to 58.3% for the nine-month period ended September 30, 2025[91] Costs - Cash cost per ounce for the three-month period ended September 30, 2025 increased by $315.26 to $1,156.74 compared to the same period in 2024[97] - All-in sustaining cost (AISC) per ounce for the three-month period ended September 30, 2025 was $2,444.63, an increase from $1,108.41 in the same period in 2024[97] - Cash cost per ounce increased to $1,156.74 for the three-month period and $1,028.52 for the nine-month period ended September 30, 2025, compared to $841.48 and $853.54 in the same periods in 2024[97] - All-in sustaining cost per ounce increased to $7,493.49 for the three-month period and $17,534.25 for the nine-month period ended September 30, 2025, compared to $4,365.84 and $12,034.32 in the same periods in 2024[97] Exploration and Development - Exploration expense increased by $2,712,860 and $5,441,150 for the three and nine-month periods ended September 30, 2025, respectively, due to increased core drilling activity and geophysics conducted on multiple properties[90] - The Company announced the discovery of a carbonatite with strong REE mineralization at the Lucky Horseshoe prospect, with initial samples assaying up to 6.14% total rare earth oxides[91] - Idaho Strategic initiated a large-scale geophysics program across its Mineral Hill and Lemhi Pass projects, including LiDAR, magnetics, and radiometrics surveys[91] - The company has three REE exploration properties in Idaho, which aids in diversifying its holdings and responding to domestic critical mineral supply and demand trends[82] - The company plans to continue exploring partnerships to advance the U.S. domestic REE supply chain[83] Production and Processing - At the Golden Chest, ore mined from underground stopes totaled approximately 10,570 tonnes, with all tonnage coming from H-Vein stopes[91] - A total of 10,570 dry metric tonnes were processed at the New Jersey Mill with a flotation feed head grade of 9.94 gpt gold and gold recovery of 93.1%[91] - The company processed a total of 10,570 dry metric tonnes at the New Jersey Mill with a flotation feed head grade of 9.94 gpt gold and a gold recovery of 93.1%[91] Financial Position - Net cash provided by operating activities for the nine-month period ended September 30, 2025 was $8,355,889, compared to $7,686,400 in 2024[98] - The company raised $19,498,502 from the issuance of 496,000 shares of common stock[80] - Cash and cash equivalents at the end of the period were $3,783,684, down from $8,392,556 in the previous year[98] - The asset retirement obligation for the Golden Chest Mine property is estimated at $104,000 and $224,000 for the New Jersey Mine and Mill as of September 30, 2025[86] - The estimated asset retirement obligation for the Golden Chest Mine is $104,000, and for the New Jersey Mine and Mill is $224,000[86]

Company Overview - Idaho Strategic Resources, Inc. (IDR) shares increased by 6% to $30.91 in the last trading session, with a notable trading volume, contributing to a total gain of 19.7% over the past four weeks [1] - The company is expected to report quarterly earnings of $0.19 per share, reflecting a year-over-year increase of 26.7%, with revenues projected at $9.4 million, up 52.9% from the previous year [3] Market Context - The rise in IDR shares is attributed to soaring gold prices, which have increased by 40.4% year-to-date, driven by safe-haven buying amid geopolitical tensions and expectations of further U.S. Federal Reserve rate cuts [2] - The Federal Reserve recently lowered interest rates by 25 basis points and hinted at the possibility of two additional cuts this year [2] Industry Position - Idaho Strategic Resources has been included in the VanEck Junior Gold Miners ETF (GDXJ) and the Russell 3000 index, enhancing its visibility among retail and institutional investors [3] - The company operates within the Zacks Mining - Gold industry, where AngloGold Ashanti (AU) also saw a 5% increase in its stock price, with a 17.8% return over the past month [6] Earnings Estimate Trends - Despite positive earnings and revenue growth expectations, the consensus EPS estimate for IDR has been revised 5% lower in the last 30 days, indicating a potential negative trend in earnings estimate revisions [5] - Empirical research suggests that trends in earnings estimate revisions are closely linked to near-term stock price movements, which may impact IDR's future performance [4]

Group 1 - Idaho Strategic Resources, Inc. has been added to the VanEck Junior Gold Miners ETF (GDXJ) as part of its quarterly review and rebalancing [1] - The inclusion is expected to be effective at market close on September 19th, 2025 [1] - This milestone follows the company's previous inclusion in the Russell 3000 index, enhancing its visibility among retail and institutional investors [1]

Core Insights - Idaho Strategic Resources (IDR) reported high-grade gold intercepts from the Red Star area of the Golden Chest mine, with notable drill hole GC 24-276 returning 5.13 grams per tonne (gpt) over 13.5 meters, including 14.72 gpt over 2.3 meters [1] Group 1 - The completion of underground drill stations at the 941-level of the Golden Chest Mine enhances drill hole orientations and increases available targets within the Red Star area [1] - The Red Star area was initially discovered in October 2024 during a drill program targeting H-Vein extensions [1] - The new drill results indicate additional high-grade gold intercepts within broader zones of gold mineralization [1]

Company Overview - Idaho Strategic Resources, Inc. (IDR) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Momentum Performance - IDR shares have increased by 10.53% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 4.64% during the same period [5] - Over the last month, IDR's price change is 37.31%, significantly higher than the industry's 13.99% [5] - In the last quarter, IDR shares have surged by 100.68%, and over the past year, they have gained 101.29%, while the S&P 500 has only moved 8.34% and 14.94%, respectively [6] Trading Volume - The average 20-day trading volume for IDR is 523,260 shares, which is a useful indicator of market interest and momentum [7] Earnings Outlook - In the past two months, one earnings estimate for IDR has increased, while none have decreased, raising the consensus estimate from $0.52 to $0.76 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, IDR is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of A [11]

Core Insights - Gold prices have reached a new all-time high, surpassing $3,500 an ounce, driven by safe-haven demand amid geopolitical and economic uncertainties [1][10] - The price of gold has increased over 30% in 2025, with a continuous rally for six sessions [2][10] - Key factors contributing to gold's rise include expectations of Federal Reserve rate cuts, a weaker U.S. dollar, concerns over Fed independence, and ongoing geopolitical risks [4][5][6][7] Gold Market Dynamics - Expectations of Fed Rate Cuts: Market anticipates a 90% probability of a 25-basis-point cut at the upcoming Fed meeting, making gold more attractive as lower rates diminish the appeal of yield-bearing assets [4] - A Weaker Dollar: The U.S. Dollar Index has fallen approximately 10%, making gold cheaper for international buyers and boosting global demand [5] - Concerns Over Fed Independence: Political pressure on the Fed has raised doubts about its independence, enhancing gold's appeal as a safe-haven asset [6] - Lingering Geopolitical and Economic Uncertainty: Ongoing trade tensions and fragile economic growth continue to drive investors towards gold for stability [7] Investment Opportunities - Agnico Eagle Mines Limited (AEM): A leading gold producer with strong financials, including a nearly doubled operating cash flow to $1.8 billion in Q2 2025 and a solid project pipeline [8][9] - Idaho Strategic Resources Inc. (IDR): Combines gold production with rare earth elements, ramping up exploration at its Golden Chest Mine while maintaining a low debt profile [12][13] - Harmony Gold Mining Company Limited (HMY): South Africa's largest gold producer, with significant cash reserves and a projected 128% year-over-year EPS growth for fiscal 2026 [15][16][17] - Gold Fields Limited (GFI): One of the largest unhedged gold producers, showing impressive financial performance with a 94% year-over-year EPS growth estimate for 2025 [18][19][20]

Core Insights - MP Materials and Idaho Strategic Resources are key players in the U.S. critical minerals sector, focusing on rare earth elements and gold production respectively [2][3][4]. MP Materials - MP Materials is the largest producer of rare earth materials in the Western Hemisphere, with a market capitalization of $12.4 billion [2]. - In Q2 2025, MP Materials reported revenues of $57.4 million, an 84% increase year-over-year, driven by a 119% increase in NdPr production [5]. - The company produced 597 metric tons of NdPr and 13,145 metric tons of rare earth oxides, marking a 45% increase in REO production [5]. - The Materials segment's revenues rose 20% to $37.5 million, while the Magnetics segment generated $19.9 million in revenues [6]. - Despite revenue growth, MP Materials reported a loss of 13 cents per share due to higher production costs and expenses, compared to a loss of 17 cents in Q2 2024 [7]. - A significant long-term agreement with Apple to supply rare earth magnets from recycled materials was announced in July [8]. - MP Materials is collaborating with the U.S. Department of Defense to develop a domestic rare earth magnet supply chain, with plans for a new manufacturing facility [9]. - As of December 31, 2024, MP Materials' proven and probable reserves were estimated at 2.04 million short tons of REO, with a mine life of 29 years [10][11]. - The stock has surged 348% year-to-date, reflecting strong market performance [10][22]. - The Zacks Consensus Estimate for fiscal 2025 earnings is a loss of 32 cents per share, with a projected return to profitability in fiscal 2026 [19]. Idaho Strategic Resources - Idaho Strategic Resources is a gold producer with a market capitalization of approximately $385 million, owning the largest rare earth elements land package in the U.S. [3]. - In Q2 2025, Idaho Strategic's revenues increased 54.7% to $9.5 million, driven by a 57.7% rise in average realized gold prices [15]. - The company produced 3,010 ounces of gold, a 3.7% increase, and reported earnings of 20 cents per share, up 17.65% [15]. - Exploration costs surged by 262%, impacting earnings despite revenue growth [16]. - Idaho Strategic is planning its largest exploration program to date in 2025, focusing on REE and thorium [14][18]. - The company signed a memorandum of understanding with Clean Core Thorium Energy to explore thorium mining and processing [17]. - The Zacks Consensus Estimate for fiscal 2025 earnings is 76 cents per share, indicating a year-over-year increase of 13.4% [20]. Comparative Analysis - MP Materials is trading at a forward price-to-sales ratio of 24.59X, while Idaho Strategic is at 11.05X, indicating a premium valuation for MP [24]. - Both companies are ranked 2 (Buy) by Zacks, making the choice between them challenging [26]. - MP Materials is recognized for its strong production results and strategic partnerships, while Idaho Strategic offers unique exposure to both gold and rare earths [25][27].

Group 1 - Idaho Strategic Resources, Inc. (IDR) is currently outperforming the Basic Materials sector with a year-to-date gain of approximately 163.6%, compared to the sector's average return of 14.2% [4] - The Zacks Consensus Estimate for IDR's full-year earnings has increased by 46.2% over the past three months, indicating improved analyst sentiment and a more positive earnings outlook [4] - IDR holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Group 2 - Idaho Strategic Resources, Inc. is part of the Mining - Gold industry, which has seen an average gain of 72% year-to-date, indicating that IDR is performing well within its specific industry [6] - In comparison, Denison Mine (DNN), another Basic Materials stock, has gained 14.4% year-to-date and belongs to the Mining - Miscellaneous industry, which is ranked 149 and has increased by 16.7% this year [5][6] - The Basic Materials sector includes 238 individual stocks and currently holds a Zacks Sector Rank of 14 out of 16 groups [2]