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Independence Gold

IGO.V
Gold · Basic Materials
Price
C$0.12
+0.01 (+4.35%)
Market Cap
C$27.0M
Exchange
Toronto Stock Exchange Ventures
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+154.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 88.6M (2021) → 225.7M (2025)

Independence Gold Corp., established in Vancouver, Canada, in 2011, specializes in the acquisition, exploration, and assessment of sites prospective for gold and silver deposits across North America. The company wholly owns several significant properties, including the 3Ts project, which encompasses 15 mineral claims spanning approximately 5,200 hectares within British Columbia's central Nechako Plateau. It also holds full ownership of the Moosehorn property, consisting of 82 quartz mining claims covering about 1,720 hectares in the Yukon's Whitehorse mining district. Additionally, Independence Gold Corp. maintains ownership stakes in the Boulevard project, an extensive property featuring roughly 958 quartz mining claims across approximately 19,960 hectares, also situated in the Whitehorse mining district, Yukon. Furthermore, the company possesses an option to acquire a 60% stake in two British Columbia properties located in the Spences Bridge Gold Belt: the Merit property, comprising four mineral claims over approximately 1,907 hectares, and the Nicoamen property, which includes nine mineral claims totaling about 3,332 hectares.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+51.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Research and development spending

Cash Runway

~3 years

$6M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$6M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
N/A
Data not available
Operating Margin
N/A
Data not available
ROCE
-15.7%
Weak — -15.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
N/A
Data not available

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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