IDR

Highlighted by a 98.97% Increase in Revenue to $14,482,286 and Record Quarterly Net Income of $6,387,992 COEUR D’ALENE, Idaho, May 14, 2026--(BUSINESS WIRE)--Idaho Strategic Resources, Inc. (NYSE American: IDR) ("IDR", "Idaho Strategic" or the "Company") today announced its consolidated operating and financial results for the first quarter ending March 31, 2026. Consistent with the Company’s business plan, IDR maintained its profitability while growing its gold production and reinvesting in near-mine exploration opportunities and capital projects on-site. During the quarter, the Company’s geology team finalized its plans for broader exploration work in the 2026 field season focused on both the Murray Gold Belt District and the Idaho Rare Earth Elements-Thorium Belt. Additionally, work continued on the construction of the Company’s new Murray Mill, with the completion of the paste backfill circuit and the start of foundation work for installation of the new ball mill. Operating and financial results for the first quarter include: During the quarter, Idaho Strategic capitalized approximately $960,713 of core drilling at the Golden Chest that informed mine planning and resource confidence largely related to the continued exploration of the Paymaster area; compared to $0 in the comparable period in 2025. Moving forward, it is anticipated that IDR will capitalize a portion of exploration expenses quarterly rather than annually. Management believes this procedural accounting change provides investors with a clearer picture of the Company’s financial performance throughout the year. Idaho Strategic’s President and CEO, John Swallow stated, "Our goal for the year was to build on a strong 2025 – and as evidenced in our record first quarter results, the team has met these expectations. From increased production to expanded exploration and drilling programs, our business plan is working as designed. In addition to the two drills dedicated to resource conversion and exploration drilling at the Golden Chest, permitting is in place for drill programs this year at two projects in the Murray Gold Belt (Little Baldy and Niagara) and at two of our REE prospects (Lucky Horseshoe at Lemhi Pass and Cardinal at Mineral Hill) near Salmon. "We are one of the few junior mining companies that put a mine into production when our industry was out of favor so that we could take advantag...

Idaho Strategic Resources (IDR) reported Q1 earnings Thursday of $0.40 per share, up from $0.12 a ye

Idaho Strategic Resources, Inc. (IDR) came out with quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.98%. A quarter ago, it was expected that this company would post earnings of $0.2 per share when it actually produced earnings of $0.62, delivering a surprise of +210%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Idaho Strategic Resources, which belongs to the Zacks Mining - Gold industry, posted revenues of $14.48 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.28%. This compares to year-ago revenues of $7.28 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Idaho Strategic Resources shares have added about 27.1% since the beginning of the year versus the S&P 500's gain of 8.8%. While Idaho Strategic Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Idaho Strategic Resources was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You ca...

Orion S.A. OEC posted an adjusted loss of 11 cents per share in the first quarter of 2026 compared with adjusted earnings of 22 cents a year ago. The result missed the Zacks Consensus Estimate of 19 cents by 157.9%. Net sales were $459.5 million, down 3.8% year over year, and came in 0.5% below the consensus estimate of $461.9 million. Total volumes rose 1.9% to 256.5 thousand metric tons as demand strengthened late in the quarter. Management pointed to lower pricing tied to oil pass-through and an unfavorable mix as the primary headwinds, even as shipments improved late in the period. That pricing backdrop also weighed on profitability, particularly in Rubber Carbon Black, where the company cited calendar 2026 agreements and regional mix as major drags. Specialty Carbon Black was steadier, supported by the mix and favorable foreign exchange. Orion S.A. price-consensus-eps-surprise-chart | Orion S.A. Quote Specialty Carbon Black delivered improved results, helped by stronger volumes and a favorable mix. Segment net sales increased 5.6% year over year to $169.7 million, while volumes rose 3.4% to 64 kmt. Adjusted EBITDA grew 6.7% to $27.1 million, supported by mix and positive foreign exchange, partially offset by absorption headwinds tied to inventory draw. Rubber Carbon Black remained the key pressure point. Segment net sales fell 8.6% to $289.8 million despite a 1.4% volume increase to 192.5 kmt. Adjusted EBITDA dropped 53.4% to $19 million as lower 2026 contractual prices, adverse regional mix and the pass-through effect of lower year-over-year oil costs more than offset the volume benefit. OEC recorded free cash outflow of $48.5 million in the quarter, reflecting typical seasonality and working-capital use. Net cash used in operating activities was $12.4 million, consistent with the company’s quarterly capital spending of $36 million. Net debt ended the quarter at $965.3 million, and the net debt-to-adjusted EBITDA ratio was 4.2x. For 2026, OEC now expects adjusted EBITDA of $170-$210 million, up from the prior view of $160-$200 million. The company reiterated capital expenditures of about $90 million. Orion also updated its free cash flow framework, now calling for free cash outflow of $25-$50 million versus its prior expectation of free cash flow of $25-$50 million. Shares of Orion have lost 33.8% in the past year against the 5.8% growth of the industr...

Innospec Inc. IOSP earnings per share (as reported) for the first quarter of 2026 declined to $1.22 per share from $1.31 a year ago. Adjusted earnings per share declined 26% to $1.05 per share from $1.42 a year ago. It beat the Zacks Consensus Estimate of $1.02 per share. Revenues for the first quarter rose 3% year over year to $453.2 million, beating the Zacks Consensus Estimate of $432.2 million. Adjusted EBITDA declined 19% year over year to $43.7 million. Operating income declined 14% to $36.5 million. Innospec Inc. price-consensus-eps-surprise-chart | Innospec Inc. Quote Fuel Specialties revenues rose 7% year over year to $181.6 million, driven by volume growth of 10% and a favorable currency impact of 6%, offset by an adverse price/mix of 9%. Gross margin compressed 0.3 percentage points to 35.4% and operating income increased 2% to $37.8 million. Performance Chemicals revenues rose 1% to $169.4 million as volume declines of 9% were offset by positive price/mix of 1% and favorable currency impact of 9%. Gross margin declined 4.2 percentage points to 16.8% and operating income fell 46% to $10.7 million, adversely impacted by shutdowns at the North Carolina plants due to the January 2026 U.S. winter storm. Oilfield Services revenues were essentially flat at $102.2 million. Gross margin improved 1.7 percentage points to 30.1% on a richer sales mix, and operating income increased 37% to $5.6 million, although results were also negatively impacted by the winter storm. Operating cash flow was $17.6 million versus $28.3 million in the year-ago quarter. The company ended the quarter with cash of $289.1 million and no debt. In the first quarter, the effective tax rate was 22.8% compared with 25.7% in the year-ago quarter. The company increased its semi-annual dividend by 10% to 92 cents per share, repurchased $6.2 million of shares in the quarter and announced a new $75 million buyback authorization. Management expects sequential growth in the second quarter from Performance Chemicals, supported by plant repairs, pricing/mix opportunities and margin initiatives. For Oilfield Services, the company remains cautiously optimistic that recent DRA expansion and opportunities in completions and production will drive sequential improvement in the second quarter and position the business for further improvement in the second half of 2026. Fuel Specialties is expected to...

Tronox Holdings Plc TROX logged a loss (as reported) of 65 cents per share for the first quarter of 2026, wider than a loss of 70 cents reported a year ago. Barring one-time items, adjusted loss for the reported quarter was 55 cents per share compared with a loss of 15 cents a year ago. It was wider than the Zacks Consensus Estimate of a loss of 48 cents. The company raked in revenues of $760 million, up around 3% year over year. It beat the Zacks Consensus Estimate of $758.5 million. Higher TiO2 and zircon sales volumes and favorable currency impact more than offset lower average selling price and product mix impact. Adjusted EBITDA was $62 million, down 45% year over year, with an adjusted EBITDA margin of 8.2%. The downside was due to lower average selling prices, including mix, unfavorable exchange rate movements and higher freight and production costs. Tronox Holdings PLC price-consensus-eps-surprise-chart | Tronox Holdings PLC Quote TiO2 sales were $616 million in the reported quarter, up 5% year over year. TiO2 volumes rose 5% year over year, while price/mix was down 4%. Currency was 4% favorable. Zircon sales were $89 million, up 29% year over year. Sales were supported by 57% volumes growth, offset by 28% price/mix decline. Cash and equivalents were $126 million as of March 31, 2026. Total debt was $3.3 billion at the end of the year, while net debt was $3.2 billion. Operating cash used was $68 million for the first quarter, while free cash flow was negative $135 million. Management expects a stronger second quarter with improving demand pricing and cash generation. The company expects free cash flow to turn positive in quarter two and largely offset the cash use in the first quarter while also targeting meaningful positive free cash flow for full-year 2026. TiO2 volumes are projected to rise sequentially in the high-single-digit percentage range while zircon volumes are expected to moderate slightly from first-quarter levels. Both TiO2 and zircon pricing are expected to improve in the mid-single-digit percentage range due to announced price increases and cost-related surcharges. Supported by stronger pricing and higher TiO2 volumes, Tronox expects adjusted EBITDA of $65 million to $85 million for the second quarter of 2026. Shares of Tronox have risen 57.4% in the past year compared with the industry’s 18.6% growth. Image Source: Zacks Investment R...

Kronos Worldwide, Inc. KRO reported a first-quarter 2026 net loss of 4 cents per share, narrower than the Zacks Consensus Estimate of a loss of 33 cents. Earnings delivered a positive surprise of 87.9%. Net sales were $509.8 million, up 4.1% year over year, but missed the consensus mark of $523.8 million by 2.7%. The quarter reflected improving cost performance, while weaker year-over-year pricing and lower production weighed on profitability. Kronos Worldwide Inc price-consensus-eps-surprise-chart | Kronos Worldwide Inc Quote TiO2 sales volumes rose 4.4% year over year to 142 thousand metric tons in the quarter, supported by higher volumes in North American, Latin American and export markets. Production volumes, however, declined 10.5% to 128 thousand metric tons, reflecting lower operating rates. On pricing, the company started 2026 with average TiO2 selling prices below the beginning of 2025. Management noted that average TiO2 selling prices increased 2% during the quarter as it works to recover pricing lost during 2025, but pricing remained a year-over-year headwind to both sales and profits. Kronos reported TiO2 segment profit of $15.1 million in the first quarter, down from $41.6 million a year ago. Management attributed the decline primarily to lower average TiO2 selling prices, lower production volumes and an unfavorable currency impact, partially offset by higher sales volumes and lower production costs. Kronos ended the quarter with cash and cash equivalents of $25.7 million as of March 31, 2026, down from $33.2 million at the end of 2025. Long-term debt stood at $602.7 million as of March 31, 2026, up from $557.4 million as of Dec. 31, 2025. Management emphasized continued execution on pricing and cost initiatives as the key operational priorities following the restructuring actions taken late in 2025. Additional increases will be needed as selling prices remain below 2025 levels. Kronos expects gross margin to improve as higher-cost inventory produced in late 2025 works through the system and it realizes the benefit of lower-cost production in 2026, though it is beginning to see higher shipping and production costs tied to Middle East-related supply disruptions and higher energy and raw material costs, particularly in Europe. Customers are still cautious on inventories, but longer lead times and a higher backlog entering 2026 have improved near-t...

Century Aluminum Company CENX reported earnings of $3.23 per share for the first quarter of 2026. It compares favorably with the prior-year quarter’s earnings of 29 cents. Barring one-time items, adjusted earnings came in at $1.06 per share. The bottom line missed the Zacks Consensus Estimate of $1.16. Adjusted EBITDA was $231.4 million, up from $78 million in the prior-year quarter. Century Aluminum Company price-consensus-eps-surprise-chart | Century Aluminum Company Quote The company reported net sales of $649.2 million, up 2.4% year over year. However, the figure missed the Zacks Consensus Estimate of $652.2 million. The increase in sales was driven by higher aluminum prices, which more than offset lower shipment volumes. Primary aluminum shipments were 122,865 tons, down around 27% year over year and around 12% sequentially. At the end of the quarter, the company had cash and cash equivalents of $244.1 million, up 81.9% from the previous quarter. The company forecasts second-quarter 2026 adjusted EBITDA to be in the range of $315 million to $335 million, supported by higher realized LME and regional premiums, energy benefits and favorable volume/mix, partly offset by raw material costs and OPEX/other items. Shares of Century Aluminum have risen 250.3% in the past year compared with the industry’s 55.8% growth. Image Source: Zacks Investment Research CENX currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN. Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.78 per share, indicating 270.8% year-over-year growth. SQM has a Zacks Rank #2 (Buy) at present. Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 76 cents per share. HWKN currently has a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can downl...

Ingevity Corporation NGVT posted first-quarter 2026 adjusted earnings of $1.15 per share, up 13.9% year over year and ahead of the Zacks Consensus Estimate of 84 cents by 36.9%. Revenues rose 4.1% year over year to $258 million, topping the consensus mark of $249.2 million by 3.6%. NGVT’s top-line improvement was driven primarily by pricing actions in Performance Materials and the Pavement Technologies businesses, with foreign exchange also contributing favorably. These benefits were partly offset by weaker operating performance in the Road Markings business and lower asset utilization in Advanced Polymer Technologies. Profitability stayed resilient as adjusted EBITDA held essentially flat year over year and adjusted EBITDA margin came in at 35.5%. Ingevity Corporation price-consensus-eps-surprise-chart | Ingevity Corporation Quote Performance Materials delivered a solid quarter, with sales rising 5.8% year over year to $155.4 million. Segment EBITDA increased 10.2% to $92 million, aided by improved price and mix, higher volumes and higher plant utilization tied to an inventory build ahead of planned second-quarter outages. Performance Chemicals’ sales were essentially flat at $58.3 million, but results were mixed within the segment. Pavement Technologies sales edged up 0.6% to $49.7 million, while Road Markings sales fell 9.5% to $8.6 million due to competitive pressure that hurt volumes. Segment EBITDA dropped sharply to $0.6 million from $5.8 million a year ago, reflecting lower plant utilization in Road Markings. Advanced Polymer Technologies’ sales increased 5% to $44.3 million as higher volumes and favorable foreign exchange more than offset a decline in price tied to an unfavorable mix. Segment EBITDA fell to $7.6 million from $13.6 million, primarily due to lower plant utilization, as the year-ago quarter benefited from an inventory build ahead of a planned outage in second-quarter 2025. Operating cash flow was negative $2 million in the quarter, leading to negative free cash flow of $12.3 million. Share repurchases totaled $52 million during the quarter, with approximately $246 million remaining under the company’s current authorization. Net leverage held steady at 2.6x compared with the fourth quarter of 2025 and improved from 3.3x a year ago. NGVT reaffirmed its full-year 2026 guidance while updating key ranges to reflect the Road Markings divesti...

Barrick Mining Corporation B recorded profits (on a reported basis) of $1,602 million or 96 cents per share for first-quarter 2026, up from $474 million or 27 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 98 cents. The figure beat the Zacks Consensus Estimate of 74 cents. Barrick recorded total sales of $5,218 million, up 67% year over year. The metric surpassed the Zacks Consensus Estimate of $4,533.5 million. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote Total gold production was 719,000 ounces in the reported quarter, down around 5.1% year over year. The figure beat the Zacks Consensus Estimate of 655,000 ounces. The average realized price of gold was $4,823 per ounce in the quarter, up around 66.4%. The cost of sales increased around 18% year over year to $1,922 per ounce. All-in-sustaining costs (AISC) moved down 4% to $1,708 per ounce in the quarter. At the end of the quarter, Barrick had cash and cash equivalents of $7,131 million, up 74% from the prior-year quarter. The company’s total debt was $4,726 million at the end of the quarter, essentially flat year over year. The operating cash flow was $2.55 billion for the quarter, whereas the free cash flow was $1.58 billion. For 2026, Barrick anticipates attributable gold production to be in the range of 2.9-3.25 million ounces. For the second quarter of 2026, gold production is expected to be in the range of 730,000-770,000 ounces. AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects to see a cost of sales of $1,870-$2,070 per ounce. Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026. B’s shares have gained 158.8% in the past year compared with the industry’s 93.3% rise. Image Source: Zacks Investment Research B currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN. Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.78 per share, indicating 270.8% year-over-year...

ArcelorMittal S.A. MT recorded first-quarter 2026 net income of $575 million or 75 cents per share. This compares unfavorably with net income of $805 million or $1.04 per share in the year-ago quarter. Barring one-time items, the company recorded adjusted earnings of 76 cents per share. The bottom line beat the Zacks Consensus Estimate of 72 cents. Total sales were up around 4% year over year to $15,457 million In the quarter. The figure missed the consensus estimate of $15,670.9 million. Total steel shipments fell around 6% year over year to 12.8 million metric tons in the reported quarter. ArcelorMittal price-consensus-eps-surprise-chart | ArcelorMittal Quote North America: Sales were up around 15% year over year to $3,297 million in the reported quarter. The figure missed the consensus estimate of $3,406 million. Crude steel production fell around 5% to 2,134 million metric tons. Steel shipments were down around 1% year over year to 2,624 million metric tons, lagging the consensus estimate of 2,671 million metric tons. The average steel selling price rose around 21% to $1,089 per ton. Brazil: Sales were up around 6% year over year to $2,809 million, surpassing the consensus estimate of $2,533 million. Crude steel production declined around 2% to 3,514 million metric tons. Shipments increased around 9% year over year to 3,432 million metric tons, surpassing???the consensus estimate of 3,220 million metric tons. Average steel selling prices fell around 5% to $739 per ton. Europe: Sales rose around 3% year over year to $7,446 million. The figure missed the consensus mark of $7,652 million. Crude steel production declined around 14% to 6,832 million metric tons in the reported quarter. Shipments declined around 6% year over year to 7,108 million metric tons, missing the consensus mark of 7,259 million metric tons. The average steel selling price increased around 12% year over year to $931 per ton. Mining: Sales rose around 25% year over year to $917 million, surpassing the consensus estimate of $851 million. Iron ore production totaled 9.7 million metric tons, up around 15% from the year-ago quarter’s levels. Iron ore shipments were up 25% year over year to 10 million metric tons. At the end of the reported quarter, cash and cash equivalents were $4,359 million compared with $5,476 million at the end of the prior quarter. The company’s net debt was around $9....

Nutrien Ltd. NTR recorded adjusted earnings of 51 cents per share for the first quarter of 2026, up 363.6% year over year. The metric beat the Zacks Consensus Estimate of 48 cents by 6.3%. Sales rose 18.5% year over year to $6,046 million and topped the consensus mark of $5,356.7 million by 12.9%. A key operating highlight was record first-quarter potash sales volumes of 3.51 million tons, supported by strong demand and a well-positioned supply chain. Nutrien Ltd. price-consensus-eps-surprise-chart | Nutrien Ltd. Quote Nutrien Ag Solutions (Retail) generated first-quarter sales of $3,640 million, up 17.8% from $3,090 million a year ago. Management attributed the increase largely to higher crop nutrient sales volumes from core geographies, supported by an earlier start to field activity in the United States, alongside stronger proprietary product demand. The figure beat our estimate of $3,439 million. The Potash segment posted net sales of $926 million, rising 24.5% year over year on higher global benchmark prices and record sales volumes. The metric beat our estimate of $717 million. Nitrogen net sales increased 14.6% to $1,014 million, primarily reflecting stronger global benchmarks, while volume softness was tied to the absence of production from the Trinidad and New Madrid facilities. The figure beat our estimate of $795 million Phosphate net sales climbed 34.7% to $485 million, benefiting from higher sales volumes and stronger benchmarks, though results were tempered by higher sulfur input costs. The figure exceeded our estimate of $344 million. Nutrien ended the quarter with cash and cash equivalents of $777 million, up from $701 million at the end of 2025. Long-term debt declined 5.6% to $8,825 million from $9,350 million at the end of 2025, while total long-term debt, including the current portion, was $9,861 million compared with $9,863 million at year-end. Cash used in operating activities was $851 million in the first quarter. Nutrien said the year-over-year improvement primarily reflected higher fertilizer benchmark pricing, increased Retail earnings and record potash sales volumes. Management reaffirmed full-year guidance ranges following the quarter. Retail adjusted EBITDA is still expected in the $1.75-$1.95 billion range, reflecting the company’s outlook for crop input demand and downstream execution through the year. Nutrien maintained its sa...