Independence Gold (IGO) AI Stock Analysis

• Market Cap: C$25.84M
• Dividend Yield: N/A
• Average Volume (3M): 922.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.06
• Revenue Growth: N/A
• EPS Growth: -4.78%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 224,657,500
• 10 Day Avg. Volume: 1,159,303
• 30 Day Avg. Volume: 922,172
• PEG Ratio: -0.49
• Price to Book (P/B): 2.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.12 ▲(4.55% Upside)

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.

Positive Factors

High-Grade Discoveries

High-grade discoveries at the 3Ts Project indicate potential for resource growth, which could enhance the company's asset base and future development prospects.

Project Expansion

Expanding the drill program reflects geological potential and efficient budget management, positioning the company to advance key targets and enhance shareholder value.

Strategic Acquisition

The acquisition of new mineral claims strengthens the company's exploration position, potentially increasing its resource base and enhancing long-term growth prospects.

Negative Factors

Persistent Losses

Ongoing losses highlight challenges in achieving profitability, which could hinder the company's ability to sustain operations and attract investment.

Negative Cash Flows

Negative cash flows suggest operational inefficiencies, which may threaten financial sustainability if not addressed, impacting long-term viability.

Diminishing Equity

Diminishing equity could limit financial flexibility and increase risk, potentially affecting the company's ability to finance future growth and operations.

Independence Gold Business Overview & Revenue Model

Company Description

Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interest in the 3Ts project comprising 15 mineral claims covering approximately 5,200 hectares located in the Nechako Plateau region of central British Columbia; and the Moosehorn property that consists of 82 quartz mining claims covering an area of approximately 1,720 hectares located in the Whitehorse mining district, Yukon. It also holds interests in the Boulevard project with approximately 958 quartz mining claims covering approximately 19,960 hectares situated in Whitehorse mining district, Yukon. In addition, the company has an option to acquire 60% interests in Merit property that consists of four mineral claims covering an area of approximately 1,907 hectares located in the Spences Bridge Gold Belt, British Columbia; and Nicoamen property comprises of nine mineral claims covering approximately 3,332 hectares located in the Spences Bridge Gold Belt, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Independence Gold Corp. generates revenue primarily through the exploration and potential future development of its mineral properties. The company may earn income by selling or joint venturing its exploration properties to larger mining companies once significant resources are proven, or by developing the properties into producing mines. Additionally, IGO might secure funding through private placements, public offerings, or strategic partnerships, allowing it to finance exploration activities and operations. The company's earnings are significantly influenced by factors such as the price of gold, exploration success, and the ability to attract investment and partnerships.

Independence Gold Financial Statement Overview

Summary

Independence Gold faces significant financial challenges, with persistent operating losses and negative cash flows. While the balance sheet shows low leverage, the inability to generate significant revenue and profit is concerning. Improvement in operational efficiency and revenue generation is crucial for sustainability.

Income Statement

Independence Gold has shown consistent operating losses with negative EBIT and net income over the periods. The lack of revenue highlights the challenges in generating income, and the increasing net losses suggest worsening financial health in terms of profitability.

Balance Sheet

The company maintains a relatively low level of debt compared to equity, as indicated by the debt-to-equity ratio. However, the overall equity has been diminishing, which could pose risks if the trend continues. The equity ratio suggests the company is largely financed by equity rather than debt, which is a positive sign in terms of leverage.

Cash Flow

Negative operating and free cash flows indicate operational challenges, though financing cash flows show an ability to raise funds. The lack of free cash flow growth signals ongoing operational difficulties, potentially threatening sustainability if not addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-82.97K	-99.53K	-98.78K	-95.82K	-99.14K	-175.00K
EBITDA	-6.79M	-5.33M	-3.68M	-2.15M	-2.54M	-1.10M
Net Income	-6.89M	-5.46M	-3.81M	-2.28M	-8.95M	-1.19M
Balance Sheet
Total Assets	8.74M	14.50M	8.47M	6.46M	7.01M	14.40M
Cash, Cash Equivalents and Short-Term Investments	3.92M	9.75M	3.61M	1.58M	2.03M	2.94M
Total Debt	170.33K	244.57K	420.78K	523.12K	601.26K	801.25K
Total Liabilities	502.64K	1.53M	866.29K	749.39K	787.76K	1.07M
Stockholders Equity	8.23M	12.98M	7.60M	5.71M	6.23M	13.33M
Cash Flow
Free Cash Flow	-7.18M	-4.56M	-3.39M	-1.82M	-2.57M	-872.49K
Operating Cash Flow	-7.12M	-4.56M	-3.36M	-1.82M	-2.57M	-872.49K
Investing Cash Flow	-33.58K	-3.47K	-25.45K	-3.47K	38.02K	152.08K
Financing Cash Flow	10.08M	10.70M	5.41M	1.43M	1.69M	2.81M

Independence Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IGO, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.11, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.91 is Neutral, neither overbought nor oversold. The STOCH value of 55.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IGO.

Independence Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IGO	50 Neutral	C$25.84M	-3.75	-102.24%	―	―	-4.78%
IRV	50 Neutral	C$22.09M	-4.18	-10.18%	―	―	-165.27%
RDU	49 Neutral	C$19.09M	-13.41	-88.09%	―	―	21.15%
NBRK	48 Neutral	C$16.76M	122.73	13.19%	―	―	―
SWA	47 Neutral	C$20.84M	-2.30	-3995.40%	―	―	-51.94%

Independence Gold Corporate Events

Independence Gold Upgrades 3Ts Resource With New NI 43-101 Report

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.

Independence Gold Raises C$3.5 Million in Private Placement to Advance B.C. Exploration

Independence Gold Corp. has closed a non-brokered private placement raising C$3.5 million through the issuance of 3,622,400 units at C$0.10 and 28,525,092 flow-through common shares at C$0.11. Each unit comprises one common share and half a warrant exercisable at C$0.15 for 24 months, while finders received C$193,545 in cash fees and 1,773,953 compensation warrants, also exercisable at C$0.15 until December 19, 2027. Company insiders participated on the same terms as other subscribers, contributing C$102,240, with the board, including independent directors, unanimously approving the financing and relying on regulatory exemptions for related party transactions. Proceeds from the flow-through shares will fund Canadian exploration expenses at the company’s British Columbia properties, including a major exploration program aimed at growing resources at the 3Ts Project, while unit proceeds will support both exploration and general administrative costs, strengthening Independence Gold’s capacity to advance its exploration strategy.

Independence Gold Corp. Launches $5 Million Financing Initiative

Independence Gold Corp. announced a non-brokered equity financing plan to raise up to $5 million through the issuance of flow-through common shares and units. The funds will support eligible Canadian exploration expenditures for the 3Ts Project in British Columbia and the Boulevard Project in Yukon, with the financing expected to close by December 19, 2025, subject to regulatory approvals.

Independence Gold Uncovers New Anomalies at 3Ts Project

Independence Gold Corp. announced the discovery of new gold-in-soil and geophysical anomalies at its 3Ts Project in British Columbia. These findings, which include two significant gold-in-soil anomalies, suggest the presence of sulphide-bearing quartz carbonate veins east of the Ted-Mint Vein System. The results, derived from soil geochemistry and IP surveys, indicate potential extensions of known mineralized structures, enhancing the project’s exploration prospects and potentially increasing its resource base.

Independence Gold Announces Major Update to 3Ts Project Resource Estimate

Independence Gold Corp. has announced a substantial update to the mineral resource estimate for its 3Ts Project in British Columbia. The updated estimate, which includes new vein systems, indicates increased tonnage and introduces an Indicated resource category, marking a significant advancement for the project. This development is expected to enhance the company’s operational capabilities and strengthen its position in the mining industry, potentially offering promising prospects for stakeholders.

Independence Gold Expands Mineralization at 3Ts Project

Independence Gold Corp. has announced a significant expansion of copper-silver mineralization at its Ootsa target within the 3Ts Project in British Columbia. The recent fieldwork led to the discovery of two new copper showings, Rogers and Metz, which have expanded the mineralized footprint and indicated a potential large-scale magmatic-hydrothermal system. This development enhances the company’s operational prospects and strengthens its position in the mining sector, potentially benefiting stakeholders through increased resource potential.