Income Statement Independence Gold Corp.

Stocks

IGO

CA45344A1075

Diversified Mining

Market Closed - Toronto S.E. 15:59:59 2026-10-01 EDT			5-day change	1st Jan Change
0.1500 ^CAD	-3.23%		-14.29%	+42.86%

09-30	Independence Gold to Raise CA$6 Million Via Non-Brokered Equity Financing	MT
09-24	Independence Gold Corp. Confirms Balrog Vein At Depth and Intercepts 3.11 G/T Gold and 48.69 G/T Silver over 8.03 Metres At the Tommy Vein, 3Ts Project, Bc	CI

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Published financial data: INDEPENDENCE GOLD CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	452K	456K	539K	535K	544K
Exploration / Drilling Costs, Total	2.05M	1.41M	2.78M	4.09M	5.52M
Provision for Bad Debts	-	-	-	-	-
Stock-Based Compensation (IS)	-	206K	217K	687K	378K
Depreciation & Amortization - (IS)	99.14K	95.82K	98.78K	99.53K	80.38K
Impairment of Oil, Gas & Mineral Properties - (IS)	6.31M	-	-	25.45K	-
Other Operating Expenses, Total	8.91M	2.17M	3.63M	5.44M	6.52M
Operating Income	-8.91M	-2.17M	-3.63M	-5.44M	-6.52M
Interest Expense, Total	-33.07K	-37.56K	-32.32K	-25.34K	-12.79K
Interest And Investment Income	2.87K	2.18K	2.62K	93.55K	158K
Net Interest Expenses	-30.2K	-35.37K	-29.7K	68.22K	145K
Other Non Operating Income (Expenses)	-36.6K	-28.32K	-155K	-89.31K	341K
EBT, Excl. Unusual Items	-8.98M	-2.23M	-3.82M	-5.46M	-6.04M
Gain (Loss) On Sale Of Investments	-17.62K	-45.51K	9.68K	2.88K	962
Gain (Loss) On Sale Of Assets	51K	-	-	-	-
EBT, Incl. Unusual Items	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Earnings From Continuing Operations	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Net Income to Company	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Net Income - (IS)	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Net Income to Common Incl Extra Items	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Net Income to Common Excl. Extra Items	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Per Share Items
Net EPS - Basic	-0.1	-0.02	-0.03	-0.03	-0.03
Basic EPS - Continuing Operations	-0.1	-0.02	-0.03	-0.03	-0.03
Basic Weighted Average Shares Outstanding	88.63M	104M	139M	176M	226M
Net EPS - Diluted	-0.1	-0.02	-0.03	-0.03	-0.03
Diluted EPS - Continuing Operations	-0.1	-0.02	-0.03	-0.03	-0.03
Diluted Weighted Average Shares Outstanding	88.63M	104M	139M	176M	226M
Normalized Basic EPS	-0.06	-0.01	-0.02	-0.02	-0.02
Normalized Diluted EPS	-0.06	-0.01	-0.02	-0.02	-0.02
Supplemental Items
EBITDA	-2.6M	4.15M	-3.53M	-5.41M	-6.5M
EBITA	-8.91M	-2.17M	-3.63M	-5.44M	-6.52M
EBIT	-8.91M	-2.17M	-3.63M	-5.44M	-6.52M
EBITDAR	-	-	-	-	-
Normalized Net Income	-5.61M	-1.4M	-2.39M	-3.41M	-3.77M
Interest on Long-Term Debt	33.07K	37.56K	32.32K	25.34K	12.79K
Supplemental Operating Expense Items
General and Administrative Expenses	375K	358K	412K	402K	381K
Exploration/Drilling Costs	2.05M	1.41M	2.78M	4.09M	5.52M
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	206K	217K	687K	378K
Total Stock-Based Compensation	-	206K	217K	687K	378K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	1.97M	1.57M	3.59M	9.73M	6.39M
Short Term Investments	57.81K	12.3K	21.98K	24.86K	-
Total Cash And Short Term Investments	2.03M	1.58M	3.61M	9.75M	6.39M
Other Receivables	75.33K	20.01K	76.01K	105K	74.47K
Total Receivables	75.33K	20.01K	76.01K	105K	74.47K
Prepaid Expenses	-	23.56K	23.03K	69.96K	30.22K
Total Current Assets	2.1M	1.63M	3.71M	9.93M	6.49M
Gross Property Plant And Equipment	5.13M	5.15M	5.17M	5.09M	5.14M
Accumulated Depreciation	-374K	-469K	-568K	-668K	-748K
Net Property Plant And Equipment	4.76M	4.68M	4.6M	4.42M	4.39M
Other Long-Term Assets, Total	151K	155K	155K	155K	155K
Total Assets	7.01M	6.46M	8.47M	14.5M	11.04M
Liabilities
Accounts Payable, Total	47.25K	96.7K	244K	447K	150K
Accrued Expenses, Total	139K	130K	142K	163K	193K
Current Portion of Leases	91.43K	102K	111K	104K	109K
Unearned Revenue Current, Total	-	-	60K	671K	557K
Other Current Liabilities	-	-1	-	-	-
Total Current Liabilities	278K	329K	556K	1.39M	1.01M
Long-Term Leases	510K	421K	310K	141K	31.27K
Other Non Current Liabilities	-	1	-	-	-
Total Liabilities	788K	749K	866K	1.53M	1.04M
Common Stock, Total	39.63M	41.24M	46.35M	56.48M	59.07M
Retained Earnings	-34.62M	-36.56M	-40.37M	-45.72M	-51.1M
Comprehensive Income and Other	1.22M	1.03M	1.62M	2.21M	2.04M
Total Common Equity	6.23M	5.71M	7.6M	12.98M	10M
Total Equity	6.23M	5.71M	7.6M	12.98M	10M
Total Liabilities And Equity	7.01M	6.46M	8.47M	14.5M	11.04M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	104M	130M	167M	225M	264M
ECS Total Common Shares Outstanding	104M	130M	167M	225M	257M
Book Value / Share	0.06	0.04	0.05	0.06	0.04
Tangible Book Value	6.23M	5.71M	7.6M	12.98M	10M
Tangible Book Value Per Share	0.06	0.04	0.05	0.06	0.04
Total Debt	601K	523K	421K	245K	140K
Net Debt	-1.43M	-1.06M	-3.19M	-9.51M	-6.25M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	-	3	3	3	3

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	-8.95M	-2.28M	-3.81M	-5.46M	-6.04M
Depreciation & Amortization - CF	99.14K	95.82K	98.78K	99.53K	80.38K
Impairment of Oil, Gas & Mineral Properties - (CF)	6.31M	-	-	25.45K	-
Depreciation & Amortization, Total	6.41M	95.82K	98.78K	125K	80.38K
(Gain) Loss From Sale Of Asset	-21K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	17.62K	45.51K	-9.68K	-2.88K	-962
Stock-Based Compensation (CF)	-	206K	217K	687K	378K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-13.8K	37.56K	32.32K	-63.44K	-672K
Change In Accounts Receivable	21.9K	55.31K	-56K	-28.51K	30.05K
Change In Accounts Payable	-34.05K	39.77K	159K	225K	-267K
Change in Other Net Operating Assets	-	-23.56K	536	-46.93K	39.74K
Cash from Operations	-2.57M	-1.82M	-3.36M	-4.56M	-6.45M
Capital Expenditure	-	-	-25.45K	-3.47K	-55.93K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-40K	-3.47K	-	-	-
Investment in Marketable and Equity Securities, Total	78.02K	-	-	-	25.82K
Other Investing Activities, Total	2	-	-	-	-
Cash from Investing	38.02K	-3.47K	-25.45K	-3.47K	-30.11K
Long-Term Debt Repaid, Total	-97.21K	-129K	-135K	-137K	-116K
Total Debt Repaid	-97.21K	-129K	-135K	-137K	-116K
Issuance of Common Stock	1.88M	1.6M	5.8M	11.18M	3.5M
Other Financing Activities, Total	-92.67K	-42.91K	-256K	-343K	-244K
Cash from Financing	1.69M	1.43M	5.41M	10.7M	3.14M
Net Change in Cash	-842K	-399K	2.02M	6.14M	-3.34M
Supplemental Items
Levered Free Cash Flow	757K	-1.01M	-1.84M	-1.84M	-3.99M
Unlevered Free Cash Flow	778K	-983K	-1.82M	-1.83M	-3.99M
Change In Net Working Capital	59.02K	-71.52K	-164K	-760K	312K
Net Debt Issued / Repaid	-97.21K	-129K	-135K	-137K	-116K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-52.03	-20.14	-30.41	-29.59	-31.92
Return on Total Capital	-53.15	-20.77	-31.84	-32	-34.9
Return On Equity %	-91.49	-38.2	-57.19	-53.03	-52.54
Return on Common Equity	-91.49	-38.2	-57.19	-53.03	-52.54
Short Term Liquidity
Current Ratio	7.56	4.95	6.67	7.17	6.44
Quick Ratio	7.56	4.88	6.63	7.12	6.41
Operating Cash Flow to Current Liabilities	-9.24	-5.55	-6.05	-3.29	-6.39
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	9.66	9.16	5.53	1.88	1.4
Total Debt / Total Capital	8.81	8.39	5.24	1.85	1.38
LT Debt/Equity	8.19	7.37	4.08	1.09	0.31
Long-Term Debt / Total Capital	7.47	6.75	3.87	1.07	0.31
Total Liabilities / Total Assets	11.23	11.6	10.23	10.52	9.41
EBIT / Interest Expense	-269.49	-57.8	-112.37	-214.61	-510.07
EBITDA / Interest Expense	-75.76	112.94	-106.25	-209.68	-501.79
(EBITDA - Capex) / Interest Expense	-75.76	112.94	-107.04	-209.82	-506.17
Total Debt / EBITDA	-0.24	0.12	-0.12	-0.05	-0.02
Net Debt / EBITDA	0.57	-0.25	0.93	1.79	0.97
Total Debt / (EBITDA - Capex)	-0.24	0.12	-0.12	-0.05	-0.02
Net Debt / (EBITDA - Capex)	0.57	-0.25	0.92	1.79	0.97
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-	-	-	-	-
EBITDA, 1 Yr. Growth %	107.45	-259.68	70.26	53.21	20.05
EBITA, 1 Yr. Growth %	597.35	-75.65	67.29	49.75	19.95
EBIT, 1 Yr. Growth %	597.35	-75.65	67.29	49.75	19.95
Earnings From Cont. Operations, 1 Yr. Growth %	651.63	-74.52	66.97	43.32	10.63
Net Income, 1 Yr. Growth %	651.63	-74.52	66.97	43.32	10.63
Normalized Net Income, 1 Yr. Growth %	572.92	-75.12	70.81	43.04	10.59
Diluted EPS Before Extra, 1 Yr. Growth %	460.29	-78.37	25.72	12.74	-13.57
Net Property, Plant and Equip., 1 Yr. Growth %	-57.67	-1.73	-1.57	-4.05	-0.58
Total Assets, 1 Yr. Growth %	-51.29	-7.92	31.13	71.21	-23.85
Tangible Book Value, 1 Yr. Growth %	-53.29	-8.3	33.17	70.65	-22.91
Common Equity, 1 Yr. Growth %	-53.29	-8.3	33.17	70.65	-22.91
Cash From Operations, 1 Yr. Growth %	194.35	-28.99	84.52	35.54	41.39
Capital Expenditures, 1 Yr. Growth %	-	-	-	-86.35	1.51K
Levered Free Cash Flow, 1 Yr. Growth %	-295.15	-232.98	82.34	0.49	116.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-322.33	-226.43	84.64	0.74	117.92
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	35.82	82	16.64	61.51	35.62
EBITA, 2 Yr. CAGR %	149.31	30.32	-36.17	58.28	34.02
EBIT, 2 Yr. CAGR %	149.31	30.32	-36.17	58.28	34.02
Earnings From Cont. Operations, 2 Yr. CAGR %	140.09	38.4	-34.77	54.7	25.92
Net Income, 2 Yr. CAGR %	140.09	38.4	-34.77	54.7	25.92
Normalized Net Income, 2 Yr. CAGR %	147.76	29.4	-34.81	56.31	25.77
Diluted EPS Before Extra, 2 Yr. CAGR %	91.25	10.08	-47.86	19.06	-1.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-35.35	-35.51	-1.65	-2.82	-2.33
Total Assets, 2 Yr. CAGR %	-24.84	-33.03	9.89	49.84	14.18
Tangible Book Value, 2 Yr. CAGR %	-25.99	-34.56	10.5	50.75	14.7
Common Equity, 2 Yr. CAGR %	-25.99	-34.56	10.5	50.75	14.7
Cash From Operations, 2 Yr. CAGR %	47.75	44.57	14.47	58.14	38.43
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	48.24
Levered Free Cash Flow, 2 Yr. CAGR %	1.27	61.09	55.72	35.36	47.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.67	67.66	52.79	36.38	48.16
Compound Annual Growth Rate Over Three Years
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-
EBITDA, 3 Yr. CAGR %	37.39	43.35	41.32	27.74	46.3
EBITA, 3 Yr. CAGR %	59.32	14.82	41.63	-15.19	44.31
EBIT, 3 Yr. CAGR %	59.32	14.82	41.63	-15.19	44.31
Earnings From Cont. Operations, 3 Yr. CAGR %	58.77	13.68	47.34	-15.2	38.34
Net Income, 3 Yr. CAGR %	58.77	13.68	47.34	-15.2	38.34
Normalized Net Income, 3 Yr. CAGR %	58.76	15.16	41.95	-15.29	39.28
Diluted EPS Before Extra, 3 Yr. CAGR %	36.31	-7.52	15.07	-32.57	7
Net Property, Plant and Equip., 3 Yr. CAGR %	-23.19	-25.67	-25.75	-2.46	-2.08
Total Assets, 3 Yr. CAGR %	-18.51	-19.58	-16.21	27.39	19.57
Tangible Book Value, 3 Yr. CAGR %	-21.3	-20.51	-17.07	27.73	20.55
Common Equity, 3 Yr. CAGR %	-21.3	-20.51	-17.07	27.73	20.55
Cash From Operations, 3 Yr. CAGR %	41.37	15.73	56.82	21.1	52.35
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	182.85	10.9	67.89	34.56	58.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	185.4	12.18	73.14	32.98	59.44
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	-	-	-	-	-
EBITDA, 5 Yr. CAGR %	1.32	9.39	28.68	30.92	39.01
EBITA, 5 Yr. CAGR %	27.97	-4.08	10.5	30.55	38.54
EBIT, 5 Yr. CAGR %	27.97	-4.08	10.5	30.55	38.54
Earnings From Cont. Operations, 5 Yr. CAGR %	27.97	-2.82	11.24	28.59	38.36
Net Income, 5 Yr. CAGR %	27.97	-2.82	11.24	28.59	38.36
Normalized Net Income, 5 Yr. CAGR %	28.06	-3.89	11.21	30.13	35.24
Diluted EPS Before Extra, 5 Yr. CAGR %	14.1	-14.2	-7.19	2.32	8.22
Net Property, Plant and Equip., 5 Yr. CAGR %	-16.75	-17.08	-15.21	-17.25	-17.14
Total Assets, 5 Yr. CAGR %	-16.62	-15.86	-8.16	3.15	-5.17
Tangible Book Value, 5 Yr. CAGR %	-18.36	-17.58	-9.85	2.68	-5.58
Common Equity, 5 Yr. CAGR %	-18.36	-17.58	-9.85	2.68	-5.58
Cash From Operations, 5 Yr. CAGR %	0.84	-4.41	29.92	31.13	49.19
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-29.54	-
Levered Free Cash Flow, 5 Yr. CAGR %	-14.94	-5.17	122.78	20.1	59.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.48	-5.62	122.28	21.3	62.68