Independence Gold Corp (TSE:IGO)
:IGO
Want to see TSE:IGO full AI Analyst Report?
IGO Stock Chart & Stats
C$0.11
>-C$0.01(-2.44%)
At close: 4:00 PM EST
C$0.11
>-C$0.01(-2.44%)
Day’s Range― - ―
52-Week RangeC$0.08 - C$0.21
Previous CloseN/A
Volume48.21K
Average Volume (3M)922.17K
Market Cap
C$26.39M
Enterprise ValueC$17.24M
Total Cash (Recent Filing)C$6.46M
Total Debt (Recent Filing)C$110.26K
Price to Earnings (P/E)―
Beta1.93
Next Earnings
Aug 14, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding263,947,850
10 Day Avg. Volume1,159,303
30 Day Avg. Volume922,172
Financial Highlights & Ratios
PEG Ratio1.35
Price to Book (P/B)2.37
Price to Sales (P/S)0.00
P/FCF Ratio-3.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Conservative Balance SheetVery low debt levels materially reduce fixed financial obligations and interest exposure, preserving optionality to raise project funding or partner projects. For an explorer, low leverage is a durable risk mitigant that supports survival through multi‑period drilling cycles and volatile commodity environments.
Clear Monetization Pathways For ProjectsIndependence Gold’s business model centers on advancing assets to monetize via JV/earn‑ins, sales, royalties or equity financings. Those structural pathways provide multiple durable routes for converting exploration success into cash or partner funding without requiring the company to build a mine.
Recent Improvement In Cash Burn And Net Loss (TTM)While still negative, the TTM reduction in free cash outflows and a smaller net loss indicate management has recently slowed spending or improved program efficiency. If sustained, this lowers near‑term financing needs and extends runway, improving the company’s ability to execute multi‑period exploration plans.
Bears Say
Pre‑revenue Explorer With No Operating RevenueNo operating revenue means the company cannot self‑fund activities from operations; long‑term value depends entirely on exploration success and capital markets. This structural reliance amplifies execution risk and makes project monetization and financing capability core to survival.
Persistent Negative Operating And Free Cash FlowSustained cash burn requires repeated access to external capital, increasing dilution risk and constraining long‑term project schedules. Persistent negative FCF is a durable weakness that erodes flexibility, forces prioritization of projects, and heightens sensitivity to capital markets and partner availability.
Eroding Equity Base And Potential DilutionDeclining shareholder equity signals that losses and/or dilutive financings are depleting the capital base. Over the medium term this reduces balance sheet firepower to fund exploration internally, weakens negotiating leverage with JV partners, and raises the likelihood of further dilutive raises.
Independence Gold News
IGO FAQ
What was Independence Gold Corp’s price range in the past 12 months?
Independence Gold Corp lowest stock price was C$0.08 and its highest was C$0.21 in the past 12 months.
What is Independence Gold Corp’s market cap?
Independence Gold Corp’s market cap is C$26.39M.
When is Independence Gold Corp’s upcoming earnings report date?
Independence Gold Corp’s upcoming earnings report date is Aug 14, 2026 which is in 71 days.
How were Independence Gold Corp’s earnings last quarter?
Currently, no data Available
Is Independence Gold Corp overvalued?
According to Wall Street analysts Independence Gold Corp’s price is currently Overvalued.
Does Independence Gold Corp pay dividends?
Independence Gold Corp does not currently pay dividends.
What is Independence Gold Corp’s EPS estimate?
Independence Gold Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Independence Gold Corp have?
Independence Gold Corp has 263,947,850 shares outstanding.
What happened to Independence Gold Corp’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Independence Gold Corp?
Currently, no hedge funds are holding shares in TSE:IGO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Independence Gold Corp
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.
Technical Analysis
Irving Resources
―
Rackla Metals
―
Radius Gold
―
Sarama Resources
―
New Break Resources Ltd.
―
Options Prices
Currently, No data available
---