Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gross Profit | -99.53K | -98.78K | -95.82K | -99.14K | -175.00K |
EBITDA | -5.33M | -3.68M | -2.15M | -2.54M | -1.10M |
Net Income | -5.46M | -3.81M | -2.28M | -8.95M | -1.19M |
Balance Sheet | |||||
Total Assets | 14.50M | 8.47M | 6.46M | 7.01M | 14.40M |
Cash, Cash Equivalents and Short-Term Investments | 9.75M | 3.61M | 1.58M | 2.03M | 2.94M |
Total Debt | 244.57K | 420.78K | 523.12K | 601.26K | 801.25K |
Total Liabilities | 1.53M | 866.29K | 749.39K | 787.76K | 1.07M |
Stockholders Equity | 12.98M | 7.60M | 5.71M | 6.23M | 13.33M |
Cash Flow | |||||
Free Cash Flow | -4.56M | -3.39M | -1.82M | -2.57M | -872.49K |
Operating Cash Flow | -4.56M | -3.36M | -1.82M | -2.57M | -872.49K |
Investing Cash Flow | -3.47K | -25.45K | -3.47K | 38.02K | 152.08K |
Financing Cash Flow | 10.70M | 5.41M | 1.43M | 1.69M | 2.81M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
50 Neutral | C$41.88M | ― | -53.99% | ― | ― | 43.11% | |
45 Neutral | C$30.92M | ― | -34.86% | ― | ― | -51.46% | |
44 Neutral | C$62.34M | 25.00 | 3.91% | ― | ― | ― | |
44 Neutral | C$982.42M | -6.71 | -13.24% | 2.54% | 17.20% | -32.72% | |
42 Neutral | C$30.33M | ― | -81.06% | ― | ― | -11.57% | |
39 Underperform | C$29.23M | ― | -275.09% | ― | ― | -56.27% | |
34 Underperform | C$57.76M | 63.04 | 93.63% | ― | ― | ― |
Independence Gold Corp. announced significant assay results from its winter drill program at the 3Ts Project in British Columbia. The results confirmed high-grade gold and silver mineralization at the Larry Vein System and revealed new mineralized structures at the Daisy target. Additionally, deeper intercepts at the Ted-Mint Vein System showed a transition to base metal mineralization, highlighting the potential for resource growth and future development.
Spark’s Take on TSE:IGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IGO is a Neutral.
Independence Gold’s overall score of 41 reflects significant financial challenges, with persistent losses and negative cash flows as key risks. While the balance sheet stability is a positive, the lack of profitability and revenue generation remains concerning. Technical signals are mixed, offering no strong directional cues. Promising drill results provide some optimism, but the company’s future hinges on improving operational efficiency and realizing mineral resource potential.
To see Spark’s full report on TSE:IGO stock, click here.
Independence Gold Corp. has expanded its winter drill program at the 3Ts Project in British Columbia from 10,000 meters to 13,000 meters, following successful initial results. This expansion reflects the project’s geological potential and efficient budget management, positioning the company to advance key targets and deliver significant results to shareholders.
Spark’s Take on TSE:IGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:IGO is a Neutral.
Independence Gold’s overall score of 41 reflects significant financial challenges, with persistent losses and negative cash flows as key risks. While the balance sheet stability is a positive, the lack of profitability and revenue generation remains concerning. Technical signals are mixed, offering no strong directional cues. Promising drill results provide some optimism, but the company’s future hinges on improving operational efficiency and realizing mineral resource potential.
To see Spark’s full report on TSE:IGO stock, click here.
Independence Gold Corp. has expanded its 3Ts Project in central British Columbia by acquiring seventeen additional mineral claims, increasing the project’s total area to approximately 35,486 hectares. The newly acquired claims, located in a region with geological features conducive to mineralization, will be the focus of an upcoming exploration program aimed at identifying high-priority target zones. This strategic acquisition strengthens Independence Gold’s position in the mineral exploration industry and potentially enhances its resource base, offering promising implications for stakeholders.
Independence Gold Corp. has announced a significant discovery of high-grade gold and silver mineralization at the Larry Vein System within its 3Ts Project in central British Columbia. This discovery, which includes notable drill results, highlights the potential of the Larry Vein to contribute to an updated resource model, enhancing the project’s value. The Larry Vein, previously overlooked due to lack of surface exposure, shows promise for expanding the company’s resource base and strengthening its position in the mineral exploration industry.
Independence Gold Corp. announced significant drilling results from the Johnny and Ted-Mint Vein Systems at its 3Ts Project in British Columbia, highlighting the discovery of robust gold-silver-bearing veins. The recent drill results, particularly from the Johnny Vein System, indicate potential contributions to an upcoming resource update, with both vein systems remaining open for further exploration. The ongoing drilling program aims to expand the known high-grade zones, reinforcing the project’s growth potential and positioning Independence Gold for future resource development.
Independence Gold Corp. has appointed Mr. Brian Booth as a Senior Technical Advisor, bringing over 40 years of mineral exploration, development, and capital markets experience to the company. The addition of Mr. Booth, who has a notable track record in advancing significant projects and facilitating major acquisitions in the mining industry, is expected to bolster the company’s efforts in advancing their 3Ts Project, potentially impacting its operational success and industry positioning positively.