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 |