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Independence Gold Corp. (V:IGO)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 650 WEST GEORGIA STREET, SUITE 1410
VANCOUVER BC V6B 4N8
Tel: N/A
Website: https://ingold.ca
IR: See website
Key People
Randy C. Turner
President, Chief Executive Officer, Director
Harry Chan
Chief Financial Officer, Corporate Secretary
 
Business Overview
Independence Gold Corp. is a Canada-based mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company's projects include 3Ts Project, Boulevard Project, and Moosehorn Project. The 3TS project is located approximately 185 kilometers (km) southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project. The 3TS project consists of approximately 8,840 hectares and 17 claims. The 3Ts Project is comprised of the Tsacha, Taken, Tam, Tommy, Bot and Blackwater South properties. The Boulevard project is located approximately 135 km south of Dawson City, 35 km south of the Golden Saddle Project. The Boulevard project consists of approximately 19,960 hectares and 958 claims. The Moosehorn project is located approximately 133 km southwest of Dawson City. The Moosehorn project consists of approximately 1,720 hectares and 82 claims.
Financial Overview
For the nine months ended 30 September 2023, Independence Gold Corp revenues was not reported. Net loss increased 22% to C$2.6M. Higher net loss reflects Exploration expenditures increase of 28% to C$1.8M (expense), Legal, audit and accounting increase from C$6K to C$41K (expense), Shareholder communications increase of 66% to C$77K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $33.98M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$2.70M as of Sep 30, 2023
Net annual income (TTM): -$2.76M as of Sep 30, 2023
Free cash flow (TTM): -$2.38M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 167,304,931 as of Mar 27, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization