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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$27.95M which is a fall of roughly 5% over the last days. As of 12/27/2025 they have no debt and ~C$2.86M cash. They have 297M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/27/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $29.33M $27.95M 12/27/2025 $-1.38M
MCap (OS): $23.88M $22.75M 12/27/2025 $-1.13M
Total Assets: $6.38M $6.37M 12/27/2025 $-0.01M
Total Liabilities: $0.37M $0.36M 12/27/2025 $0.00M
Current Assets: $3.05M $3.04M 12/27/2025 $-0.01M
Current Liabilities: $0.32M $0.32M 12/27/2025 $0.00M
Total Debt: $0.00M $0.00M 12/27/2025 $0.00M
Cash: $2.87M $2.86M 12/27/2025 $0.00M
Debt (Net): $-2.87M $-2.86M $0.00M
Enterprise Value: $26.47M $25.09M 10/18/1970 $-1.38M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 12/27/2025 n/a
Misc 12/27/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 297,016,603 297,016,603 12/27/2025 0
Shares (FD): 364,833,720 364,833,720 12/27/2025 0
Insider Ownership: 20% 20% 12/27/2025 n/a
Dividend (Annual): n/a n/a 12/27/2025 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Explorer Explorer never n/a
Production ETA: n/a n/a 12/27/2025 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/27/2025 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/27/2025 0
Development Phase: none none 12/27/2025 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 2
PG/Explorer: Average Project
 2
PG/Explorer: Average Project
 12/27/2025 0
Cash Flow Multiple: none none 12/27/2025 0.00

Resource Data

GOLD 12/27/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/27/2025 0.00M
Measured & Indicated: 0.00M 0.00M 12/27/2025 0.00M
Inferred: 0.70M 0.70M 12/27/2025 0.00M
Reserves & Resources: 0.70M 0.70M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/27/2025 0.00M
Measured & Indicated: 0.00M 0.00M 12/27/2025 0.00M
Inferred: 0.26M 0.26M 12/27/2025 0.00M
Reserves & Resources: 0.26M 0.26M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: $750 $750 12/27/2025 $0.00
Extra Operating Cost: $350 $350 12/27/2025 $0.00
Total: $1,100 $1,100 12/27/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AuEq): n/a n/a n/a
EV / Production (AuEq): n/a n/a n/a
G
R
A
D
E		 Underground (Avg): 4.00 g/t 4.00 g/t 12/27/2025 n/a
Open Pit (Avg): n/a n/a 12/27/2025 n/a
Recovery Rate: (guess)  75.00% (guess)  75.00% 12/27/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.50M 1.50M 12/27/2025 0.00M
Annual Production: n/a n/a 12/27/2025 n/a
Cash Cost: n/a n/a 12/27/2025 n/a
Extra Operating Cost: n/a n/a 12/27/2025 n/a
SILVER 12/27/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/27/2025 0.00M
Measured & Indicated: n/a n/a 12/27/2025 0.00M
Inferred: n/a n/a 12/27/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/27/2025 0.00M
Measured & Indicated: n/a n/a 12/27/2025 0.00M
Inferred: n/a n/a 12/27/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/27/2025 $0.00
Extra Operating Cost: n/a n/a 12/27/2025 $0.00
Total: n/a n/a 12/27/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): n/a n/a n/a
EV / Production (AgEq): n/a n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/27/2025 n/a
Open Pit (Avg): n/a n/a 12/27/2025 n/a
Recovery Rate: n/a n/a 12/27/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/27/2025 0.00M
Annual Production: n/a n/a 12/27/2025 n/a
Cash Cost: n/a n/a 12/27/2025 n/a
Extra Operating Cost: n/a n/a 12/27/2025 n/a

Property

Last Analysis Data  (12/27/2025)
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
Option with Almadex was terminated and property relinquished

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

Size: 1,800 ha
Exp Nicoamen
60 show
Option with Almadex was terminated and property relinquished

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
Option with Almadex was terminated and property relinquished

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

Size: 1,800 ha
Exp Nicoamen
60 show
Option with Almadex was terminated and property relinquished

Size: 3,332 ha

Profitability (by resource)

Proven &
Probable		 12/27/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 12/27/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%

Reserves &
Resources		 12/27/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.70M 0.70M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.18M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.26M 0.26M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.44M
Maximum Profit (Gold): $890.43M $842.97M n/a $-47.45M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $890.43M $842.97M n/a $-47.45M
Max Profit / Current MCap: 30.358 30.161 n/a -0.197
Max Profit Per Share (Gold): $2.44 $2.31 n/a $-0.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.44 $2.31 n/a $-0.13
Total Free Profit Per Share: $2.33 $2.21 n/a $-0.13
FD MCap / Gold Eq.: $111.74 $106.47 n/a $-5.26
FD MCap / Silver Eq.: $1.92 $1.78 n/a $-0.14
FD MCap / Per Metal
as % Spot Price:		 2.49% 2.47% n/a -0.02%
EV / Gold Eq.: $100.82 $95.58 n/a $-5.25
EV / Silver Eq.: $1.73 $1.59 n/a $-0.14
EV / Per Metal
as % Spot Price:		 2.24% 2.22% n/a -0.03%

Future Valuation (Cash Flow & Totals)

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