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The latest announcement is out from Independence Gold ( (TSE:IGO) ).
Independence Gold has filed an updated NI 43-101 technical report for its 3Ts gold and silver project in British Columbia, reflecting a new mineral resource estimate prepared by SGS Geological Services that incorporates the Tommy, Ted-Mint, Larry, Johnny and Ian vein systems. The updated model delivers increased tonnage and, for the first time, an Indicated resource category totaling 2.79 million tonnes for in-pit and underground material, alongside a substantial Inferred resource, supporting the project’s advancement and indicating improved confidence in the deposit’s potential economic viability under assumed metal prices and operating parameters.
The most recent analyst rating on (TSE:IGO) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Independence Gold stock, see the TSE:IGO Stock Forecast page.
Spark’s Take on TSE:IGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IGO is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and rising cash burn). Technicals show some short-term improvement but remain below longer-term trend levels, while valuation offers limited support due to negative earnings and no dividend. Recent corporate events are a net positive, with new financing and exploration/resource updates improving project momentum.
To see Spark’s full report on TSE:IGO stock, click here.
More about Independence Gold
Independence Gold Corp. is a precious metals exploration company focused on advancing its 3Ts gold and silver project in British Columbia’s Omineca Mining Division. The company targets epithermal-style vein systems and aims to delineate gold and silver resources with potential for both open-pit and underground extraction, positioning itself within the junior exploration segment of the Canadian mining sector.
Average Trading Volume: 689,357
Technical Sentiment Signal: Sell
Current Market Cap: C$25.84M
Learn more about IGO stock on TipRanks’ Stock Analysis page.