Independence Gold (TSXV:IGO) - Stock Price, News & Analysis

IGO Stock Overview

Engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. More details

IGO fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 17.7% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$38M)

Independence Gold Corp. Competitors

Eastern Platinum

TSX:ELR

CA$35.4m

Arizona Gold & Silver

TSXV:AZS

CA$39.8m

Empress Royalty

TSXV:EMPR

CA$41.5m

Canterra Minerals

TSXV:CTM

CA$27.9m

Price History & Performance

Summary of all time highs, changes and price drops for Independence Gold
Historical stock prices
Current Share Price	CA$0.22
52 Week High	CA$0.33
52 Week Low	CA$0.15
Beta	1.37
11 Month Change	-27.87%
3 Month Change	4.76%
1 Year Change	-12.00%
33 Year Change	175.00%
5 Year Change	340.00%
Change since IPO	-48.84%

We're Keeping An Eye On Independence Gold's (CVE:IGO) Cash Burn Rate

Aug 16

Recent updates

We're Keeping An Eye On Independence Gold's (CVE:IGO) Cash Burn Rate

Aug 16

Is Independence Gold (CVE:IGO) In A Good Position To Deliver On Growth Plans?

May 03

Shareholder Returns

	IGO	CA Metals and Mining	CA Market
7D	4.8%	6.6%	2.2%
1Y	-12.0%	32.2%	23.4%

Return vs Industry: IGO underperformed the Canadian Metals and Mining industry which returned 32.1% over the past year.

Return vs Market: IGO underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is IGO's price volatile compared to industry and market?
IGO volatility
IGO Average Weekly Movement	12.0%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: IGO has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: IGO's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Randy Turner	www.ingold.ca

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in Canada and North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts Project comprising six claim groups and consist of seventy mineral claims covering an approximately 8,840 hectares located in the Nechako Plateau region of central British Columbia; and the Laidman Project comprising six mineral tenures covering an approximately 10,800 hectares located in the British Columbia.

Independence Gold Corp. Fundamentals Summary

How do Independence Gold's earnings and revenue compare to its market cap?
IGO fundamental statistics
Market cap	CA$37.97m
Earnings (TTM)	-CA$4.58m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.3x

P/E Ratio

Is IGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IGO income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$4.58m
Earnings	-CA$4.58m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.027
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did IGO perform over the long term?

See historical performance and comparison

IGO Stock Overview

Risk Analysis

Independence Gold Corp. Competitors

TSX:ELR

CA$35.4m

TSXV:AZS

CA$39.8m

TSXV:EMPR

CA$41.5m

TSXV:CTM

CA$27.9m

Price History & Performance

Recent News & Updates

Independent Director exercised options to buy CA$135k worth of stock.

Independence Gold Corp. announced that it has received CAD 6.649999 million in funding

Independence Gold Corp., Annual General Meeting, Dec 18, 2024

Independence Gold Corp. announced that it expects to receive CAD 3.0008 million in funding

We're Keeping An Eye On Independence Gold's (CVE:IGO) Cash Burn Rate

Independence Gold Expands the Spring Drill Program At 3Ts Project, BC

Recent updates

Independent Director exercised options to buy CA$135k worth of stock.

Independence Gold Corp. announced that it has received CAD 6.649999 million in funding

Independence Gold Corp., Annual General Meeting, Dec 18, 2024

Independence Gold Corp. announced that it expects to receive CAD 3.0008 million in funding

We're Keeping An Eye On Independence Gold's (CVE:IGO) Cash Burn Rate

Independence Gold Expands the Spring Drill Program At 3Ts Project, BC

Is Independence Gold (CVE:IGO) In A Good Position To Deliver On Growth Plans?

Independence Gold Corp. Announces Assay Results from the Fall Trenching Program At Its 100% Owned 3Ts Project as Well as the Staking of 36.40 Square Kilometres ("Km2") of Mineral Tenure Immediately Adjacent to the Southern Boundary of the Project

Independence Gold Corp. Announces the First Assay Results from Drilling Carried Out on the Mint Vein System at its 100% Owned 3Ts Project

Independence Gold Corp. announced that it has received CAD 1 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1 million in funding

New major risk - Shareholder dilution

Independence Gold Corp. announced that it has received CAD 2.6 million in funding

Independence Gold Corp. Announces John McDonald Elects Not to Run as Director

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Independence Gold Commences 2,000 Metre Drill Program At the 3Ts Project, BC

Independence Gold Corp., Annual General Meeting, Nov 02, 2023

Independence Gold Corp. Independence Gold Intersects 5.50 Metres Grading 3.17 G/T Gold and 85.64 G/T Silver and Discovers Copper Mineralization At the 3Ts Project, Bc

Independence Gold Corp. Announces Assay Results from Ian Vein Discovered During its 4,000 Metre Drill Program at its 100% Owned 3Ts Project

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

President exercised options to buy CA$78k worth of stock.

Independence Gold Corp. Discovers New Veins returning up to 7.71 g/t Gold and 253 g/t Silver atthe 3Ts Project, BC

Independence Gold Corp. announced that it has received CAD 1.6 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1.3 million in funding

Independence Gold Corp. announced that it expects to receive CAD 1.3 million in funding

Insufficient new directors

Independence Gold Corp. Commences Fall Exploration at the 3Ts Project, BC

Independence Gold Corp., Annual General Meeting, Nov 02, 2022

Independence Gold Corp. Announces the Final Assay Results from Its 4,200 Metre Winter Drill Program At Its 100% Owned 3Ts Project

Independence Gold Corp. Announces Additional Assay Results from Winter Drill Program At Its 100% Owned 3Ts Project

Independence Gold Intersects 30.10 Metres Grading 4.99 G/T Gold and 53.3 G/T Silver from the Tommy Vein At the 3Ts Project, BC

Insufficient new directors

Independence Gold Commences 4,200 Metre Drill Program At 3Ts Project, BC

Independence Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Independence Gold Corp. Gives Exploration Update At the 3Ts Property, BC

Independence Gold Corp. Intersects 36.15 Metres Grading 4.48 g/t Gold and 61.64 g/t Silver at the 3Ts Property, BC

Bullet Exploration Inc. (TSXV:AMMO) completed the acquisition of Anita Property in British Columbia from Independence Gold Corp. (TSXV:IGO).

Independence Gold Intersects 37.00 Metres Grading 2.45 G/T Gold and 29.36 G/T Silver from the Tommy Vein and Provides Exploration Update at the 3Ts Property, BC

Independence Gold Corp. Recovers Up to 97.9% Gold from 3Ts Property, British Columbia

Independence Gold Corp. Commences Drilling At 3Ts Project, B.C

Independence Gold Corp. Reports Assay Results from Two Drillholes Completed on Its 100% Owned 3Ts Project

Independence Gold Corp Reports Assay Results from the First Two Drillholes of A Ten Hole, 2,034 Metre Diamond Drilling Program Recently Completed on Its 100% Owned 3Ts Project

Independence Gold Corp Commences Exploration Work on the Merit and Nicoamen Properties

Independence Gold Corp. Announces Grades of Up to 7.69 g/t Gold and 447 g/t Silver at Surface on the Merit Property, British Columbia

Independence Gold Corp. announced that it has received CAD 1 million in funding from Goldcorp Inc.

Independence Gold Corp. announced that it expects to receive CAD 1 million in funding

Shareholder Returns

Price Volatility

About the Company

Independence Gold Corp. Fundamentals Summary

0.0x

-8.3x

Earnings & Revenue