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Independence Gold Corp

www: www.ingold.ca   email: info@ingold.ca
Category: Junior: Project Generator
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Symbol Data

Symbol Currency
CVE:IGO CAD
OTCMKTS:IEGCF USD

Description

Independence Gold Corp are a gold focused junior, project generator with five exploration properties in Canada. They have approximately 0.7Moz. of gold in the reserves and resources category They have a market capitalisation of ~C$31.47M which is a fall of roughly 19% over the last nine months. As of 12/20/2024 they have no debt and ~C$5.06M cash. They have 210M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/20/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $38.93M $31.47M 12/20/2024
MCap (OS): $32.83M $26.54M 12/20/2024
Total Assets: $7.64M $7.95M 12/20/2024
Total Liabilities: $0.47M $0.49M 12/20/2024
Current Assets: $4.86M $5.06M 12/20/2024
Current Liabilities: $0.17M $0.17M 12/20/2024
Total Debt: $0.00M $0.00M 12/20/2024
Cash: $4.86M $5.06M 12/20/2024
Debt (Net): $-4.86M $-5.06M
Enterprise Value: $34.07M $26.42M 11/02/1970
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 12/20/2024
Misc 12/20/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 210,000,000 210,000,000 12/20/2024
Shares (FD): 249,000,000 249,000,000 12/20/2024
Insider Ownership: n/a 20% 12/20/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Group: Explorer Explorer never
Production ETA: n/a n/a 12/20/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/20/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/20/2024
Development Phase: none none 12/20/2024
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 2
PG/Explorer: Average Project
 2
PG/Explorer: Average Project
 04/24/2023
Cash Flow Multiple: none none 12/20/2024

Resource Data

GOLD 12/20/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/20/2024
Measured & Indicated: 0.00M 0.00M 12/20/2024
Inferred: 0.70M 0.70M 12/20/2024
Reserves & Resources: 0.70M 0.70M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/20/2024
Measured & Indicated: 0.00M 0.00M 12/20/2024
Inferred: 0.26M 0.26M 12/20/2024
Reserves & Resources: 0.26M 0.26M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: $750 $750 12/20/2024
Extra Operating Cost: $350 $350 12/20/2024
Total: $1,100 $1,100 12/20/2024
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E		 Underground (Avg): 4.00 g/t 4.00 g/t 12/20/2024
Open Pit (Avg): n/a n/a 12/11/2023
Recovery Rate: (guess)  75.00% (guess)  75.00% 12/20/2024
F
U
T
U
R
E		 Proven & Probable: 1.50M 1.50M 12/20/2024
Annual Production: n/a n/a 12/20/2024
Cash Cost: n/a n/a 12/20/2024
Extra Operating Cost: n/a n/a 12/20/2024
SILVER 12/20/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/20/2024
Measured & Indicated: n/a n/a 12/20/2024
Inferred: n/a n/a 12/20/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/20/2024
Measured & Indicated: n/a n/a 12/20/2024
Inferred: n/a n/a 12/20/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/20/2024
Extra Operating Cost: n/a n/a 12/20/2024
Total: n/a n/a 12/20/2024
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/20/2024
Open Pit (Avg): n/a n/a 12/11/2023
Recovery Rate: n/a n/a 12/20/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/20/2024
Annual Production: n/a n/a 12/20/2024
Cash Cost: n/a n/a 12/20/2024
Extra Operating Cost: n/a n/a 12/20/2024

Property

Last Analysis Data  (12/20/2024)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp 3Ts
100 show
This their most advanced project with 500,000 of gold equivalent (including silver).

Good grades.

10 million oz of silver for offsets.

Size: 5,200 ha
Exp Boulevard
100 show
Next to Coffee deposit

Size: 20,000 ha
Exp Merit
60 show
Size: 1,907 ha
Exp Moosehorn
100 show
Early exploration property in the Yukon.

Size: 1,800 ha
Exp Nicoamen
60 show
Size: 3,332 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Exp 3Ts
100 show
This their most advanced project with 500,000 of gold equivalent (including silver).

Good grades.

10 million oz of silver for offsets.

Size: 5,200 ha
Exp Boulevard
100 show
Next to Coffee deposit

Size: 20,000 ha
Exp Merit
60 show
Size: 1,907 ha
Exp Moosehorn
100 show
Early exploration property in the Yukon.

Size: 1,800 ha
Exp Nicoamen
60 show
Size: 3,332 ha

Profitability (by resource)

Proven &
Probable		 12/20/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
EV / Gold Eq.: n/a n/a n/a
EV / Silver Eq.: n/a n/a n/a
EV / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 12/20/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
EV / Gold Eq.: n/a n/a n/a
EV / Silver Eq.: n/a n/a n/a
EV / Per Metal
as % Spot Price:		 n/a n/a n/a

Reserves &
Resources		 12/20/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.70M 0.70M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.26M 0.26M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $399.11M $666.89M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $399.11M $666.89M n/a
Max Profit / Current MCap: 10.251 21.189 n/a
Max Profit Per Share (Gold): $1.60 $2.68 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.60 $2.68 n/a
Total Free Profit Per Share: $1.38 $2.50 n/a
FD MCap / Gold Eq.: $148.31 $119.90 n/a
FD MCap / Silver Eq.: $1.67 $1.38 n/a
FD MCap / Per Metal
as % Spot Price:		 5.66% 3.29% n/a
EV / Gold Eq.: $129.78 $100.64 n/a
EV / Silver Eq.: $1.46 $1.16 n/a
EV / Per Metal
as % Spot Price:		 4.95% 2.76% n/a

Future Valuation (Cash Flow & Totals)

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