Independence Gold Corp. (IEGCF)
Independence Gold Corp., a company founded in 2011 and based in Vancouver, Canada, specializes in the identification, exploration, and assessment of precious metal mineral properties across North America. Its primary objective is the discovery of gold and silver deposits. The company's holdings include outright ownership of several significant projects: The 3Ts project, situated in the Nechako Plateau region of central British Columbia, encompasses 15 mineral claims covering approximately 5,200 hectares. The Moosehorn property, located within the Whitehorse mining district of Yukon, comprises 82 quartz mining claims spanning roughly 1,720 hectares. The extensive Boulevard project, also in the Whitehorse mining district of Yukon, features approximately 958 quartz mining claims spread over about 19,960 hectares. Additionally, Independence Gold holds an option to acquire a 60% interest in two properties within British Columbia's Spences Bridge Gold Belt: The Merit property, consisting of four mineral claims across an area of approximately 1,907 hectares. The Nicoamen property, made up of nine mineral claims extending over roughly 3,332 hectares.
Industry: Gold
Independence Gold Corp.
OTC:IEGCFBasic Materials · Gold
-6.77%$0.0819
Mkt Cap$21.59M
Float205.51M
O/S263.79M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$4.3M
Total Assets$7.87M
Free Cash Flow-$4.64M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$100K
Total Equity$7.13M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IEGCF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$7.87M
Liabilities$741K
Accounts Receivable$53K
Accounts Payable$107K
Inventory$0
PP&E (Net)$3.21M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $57K | $71K | $70K | $68K | $71K | $125K | $122K | $19K | $131K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$57K | -$71K | -$70K | -$68K | -$71K | -$125K | -$122K | -$19K | -$131K | -$14K | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $915 | $71K | $39K | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $794K | $3.79M | $2.68M | $549K | $428K | $786K | $453K | $532K | $761K | $611K | $647K | $673K | $812K | $1.27M | $0 |
| Other | $4.08M | -$205 | $2.08M | $57K | $79K | $30K | $39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.19M |
| Total Operating Expenses | $4.87M | $3.79M | $2.68M | $1.48M | $1.79M | $816K | $930K | $637K | $1.85M | $1.8M | $1.56M | $818K | $1.7M | $3.41M | $2.19M |
| Operating Income (EBIT) | -$4.93M | -$4.03M | -$2.75M | -$1.48M | -$1.79M | -$907K | -$995K | -$714K | -$1.89M | -$1.7M | -$1.66M | -$1.22M | -$1.1M | -$2.81M | $2.19M |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $9K | $18K | $23K | $27K | $24K | $43K | $48K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $113K | $67K | $2K | $2K | $2K | $3K | $18K | $26K | $37K | $48K | $74K | $101K | $112K | $137K | $0 |
| Other Income (Expense) | $626K | -$102K | $38K | -$146K | -$4.5M | -$62K | -$54K | -$963K | $104K | -$55K | -$756K | -$207K | -$607K | -$607K | -$2.19M |
| Income Before Tax (EBT) | -$4.3M | -$3.89M | -$2.71M | -$1.63M | -$6.38M | -$848K | -$1.11M | -$1.59M | -$1.87M | -$1.86M | -$2.24M | -$1.03M | -$2.2M | -$3.88M | -$2.19M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $937K | -$104K | $55K | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$4.3M | -$3.89M | -$2.71M | -$1.63M | -$6.38M | -$848K | -$1.11M | -$1.59M | -$1.87M | -$1.86M | -$2.24M | -$1.03M | -$2.2M | -$3.88M | -$2.19M |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||
| EPS | -0.03 | -0.03 | -0.03 | -0.02 | -0.10 | -0.02 | -0.03 | -0.04 | -0.05 | -0.05 | -0.07 | -0.03 | -0.07 | -0.13 | -0.07 |
| Diluted EPS | -0.03 | -0.03 | -0.03 | -0.02 | -0.10 | -0.02 | -0.03 | -0.04 | -0.05 | -0.05 | -0.07 | -0.03 | -0.07 | -0.13 | -0.07 |
| Weighted Average OS | 225.71M | 176.33M | 138.71M | 104.44M | 88.64M | 66.07M | 56.24M | 56.09M | 56.03M | 49.96M | 43.81M | 43.81M | 43.70M | 43.41M | 43.21M |
| EBITDA | -$4.24M | -$3.8M | -$2.62M | -$1.53M | -$6.28M | -$783K | -$900K | -$1.57M | -$1.86M | -$1.84M | -$1.49M | -$794K | -$1.1M | -$2.81M | $2.19M |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $4.55M | $6.93M | $2.56M | $1.12M | $1.4M | $2M | $514K | $1.36M | $1.11M | $1.36M | $1.12M | $1.56M | $3.51M | $3.63M | $10.26M |
| Short-Term Investments | $0 | $18K | $16K | $9K | $41K | $94K | $89K | $274K | $930K | $2.23M | $2.95M | $3.99M | $2.76M | $5.09M | $686K |
| Cash and Short-Term Investments | $4.55M | $6.95M | $2.57M | $1.13M | $1.44M | $2.1M | $603K | $1.64M | $2.04M | $3.6M | $4.06M | $5.55M | $6.27M | $8.72M | $10.95M |
| Accounts Receivable | $53K | $75K | $54K | $14K | $54K | $69K | $38K | $11K | $245K | $220K | $66K | $23K | $28K | $14K | $529K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $4.63M | $7.08M | $2.64M | $1.16M | $1.5M | $2.17M | $642K | $1.65M | $2.29M | $3.82M | $4.13M | $5.58M | $6.31M | $8.9M | $11.48M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $3.21M | $3.23M | $3.28M | $3.42M | $3.47M | $8.07M | $8.17M | $7.54M | $8.51M | $8.48M | $8.38M | $9.17M | $9.47M | $10.08M | $10.57M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $124K | $100K | $48K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $28K | $28K | $110K | $28K | $28K | $28K | $39K | $50K | $0 | $0 | $62K | $48K | $48K | $0 | $0 |
| Total Long-Term Assets | $3.24M | $3.26M | $3.39M | $3.45M | $3.5M | $8.1M | $8.21M | $7.59M | $8.63M | $8.58M | $8.49M | $9.22M | $9.51M | $10.08M | $10.57M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.87M | $10.34M | $6.04M | $4.6M | $5M | $10.26M | $8.85M | $9.24M | $10.92M | $12.41M | $12.62M | $14.8M | $15.83M | $18.97M | $22.05M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $107K | $319K | $174K | $69K | $34K | $65K | $11K | $43K | $129K | $160K | $63K | $14K | $12K | $321K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $92K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $397K | $595K | $43K | -$1 | $105K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $719K | $987K | $396K | $234K | $198K | $284K | $192K | $135K | $221K | $173K | $73K | $25K | $23K | $1.05M | $0 |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $713K |
| Total Long-Term Liabilities | $22K | $100K | $221K | $300K | $363K | $478K | $557K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $713K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $741K | $1.09M | $618K | $534K | $562K | $762K | $749K | $135K | $221K | $173K | $73K | $25K | $23K | $1.05M | $713K |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $42.1M | $40.26M | $33.04M | $29.4M | $28.25M | $26.98M | $25.31M | $25.3M | $25.3M | $25.14M | $23.59M | $0 | $0 | $0 | $0 |
| Retained Earnings | -$36.43M | -$32.59M | -$28.78M | -$26.06M | -$24.68M | -$18.33M | -$17.53M | -$16.43M | -$14.89M | -$13.28M | -$11.44M | -$9.25M | -$8.25M | -$6.06M | -$2.19M |
| Comprehensive Income & Other | $1.45M | $1.58M | $1.15M | $733K | $872K | $854K | $324K | $231K | $290K | $371K | $396K | $437K | $465K | $406K | $0 |
| Other Stockholders' Equity | $1.45M | $1.58M | $1.15M | $733K | $872K | $854K | $324K | $231K | $290K | $371K | $396K | $24.03M | $24.06M | $23.98M | $23.52M |
| Total Equity | $7.13M | $9.25M | $5.42M | $4.07M | $4.44M | $9.5M | $8.1M | $9.11M | $10.7M | $12.23M | $12.55M | $14.78M | $15.8M | $17.92M | $21.34M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $7.87M | $10.34M | $6.04M | $4.6M | $5M | $10.26M | $8.85M | $9.24M | $10.92M | $12.41M | $12.62M | $14.8M | $15.83M | $18.97M | $22.05M |
| Supplementary Data | |||||||||||||||
| Total Debt | $100K | $174K | $300K | $373K | $429K | $571K | $645K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$4.46M | -$6.76M | -$2.26M | -$746K | -$975K | -$1.43M | $131K | -$1.36M | -$1.11M | -$1.36M | -$1.12M | -$1.56M | -$3.51M | -$3.63M | -$10.26M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | -$4.3M | -$3.89M | -$2.71M | -$1.63M | -$6.38M | -$848K | -$1.11M | -$1.59M | -$1.87M | -$1.86M | -$2.25M | -$1.03M | -$2.2M | -$3.88M | -$2.19M |
| Depreciation & Amortization | $57K | $71K | $70K | $68K | $71K | $125K | $122K | $19K | $19K | $14K | $755K | $297K | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $32K | $0 | -$103K | $64K | $0 | -$68K | $103K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $270K | $490K | $154K | $147K | $0 | $139K | $93K | $0 | $253K | $40K | $16K | $0 | $14K | $416K | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $21K | -$20K | -$40K | $39K | $16K | -$31K | -$27K | $41K | -$25K | -$153K | -$43K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$162K | $127K | $114K | $12K | -$24K | $54K | -$31K | -$85K | $55K | $92K | $64K | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$141K | $106K | $74K | $51K | -$9K | $23K | -$59K | -$44K | $30K | -$61K | $21K | $8K | -$190K | $697K | $0 |
| Other Non-Cash Items | -$480K | -$29K | $16K | $27K | $4.48M | $43K | $48K | $971K | -$55K | $6K | $21K | -$22K | $627K | $572K | $2.19M |
| Net Cash from Operating | -$4.6M | -$3.25M | -$2.4M | -$1.3M | -$1.83M | -$622K | -$839K | -$648K | -$1.63M | -$1.76M | -$1.43M | -$742K | -$1.75M | -$2.2M | -$2.19M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$40K | -$2K | -$18K | $0 | $0 | $0 | -$14K | $0 | -$47K | -$152K | $36K | -$3K | -$29K | -$57K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$20K | $0 | $0 | $0 | $0 | -$4.36M | -$686K |
| Sales of Investments | $18K | $0 | $0 | $0 | $56K | $97K | $122K | $853K | $1.36M | $721K | $1.02M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$2K | -$29K | $11K | $11K | $47K | -$20K | $568K | $956K | $0 | $2.32M | -$12K | $0 |
| Net Cash from Investing | -$21K | -$2K | -$18K | -$2K | $27K | $108K | $119K | $901K | $1.29M | $568K | $992K | -$1.21M | $2.29M | -$4.43M | -$686K |
| Financing Activities | |||||||||||||||
| Debt Repaid | $83K | $97 | $96K | $92K | $69K | $133K | $130K | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $2.49M | $6.17M | $3.85M | $1.14M | $1.27M | $2.14M | $0 | $0 | $86K | $1.46M | $0 | $0 | $0 | $0 | $2.49M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$174K | $1.46M | $102K | -$31K | -$1K | $0 | $0 | $0 | $0 | -$26K | $0 | $0 | $0 | $0 | $8.45M |
| Net Cash from Financing | $2.24M | $7.63M | $3.86M | $1.02M | $1.2M | $2M | -$130K | $0 | $86K | $1.43M | $0 | $0 | -$713K | $0 | $10.95M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.38M | $4.38M | $1.44M | -$284K | -$600K | $1.49M | -$850K | $253K | -$252K | $248K | -$440K | -$1.95M | -$171K | -$6.63M | $10.26M |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | -$4.6M | -$3.25M | -$2.4M | -$1.3M | -$1.83M | -$622K | -$839K | -$648K | -$1.63M | -$1.76M | -$1.43M | -$742K | -$1.75M | -$2.2M | -$2.19M |
| Capital Expenditure | -$40K | -$2K | -$18K | $0 | $0 | $0 | -$14K | $0 | -$47K | -$152K | $36K | -$3K | -$29K | -$57K | $0 |
| Free Cash Flow | -$4.64M | -$3.25M | -$2.42M | -$1.3M | -$1.83M | -$622K | -$853K | -$648K | -$1.68M | -$1.91M | -$1.4M | -$744K | -$1.78M | -$2.25M | -$2.19M |
| Cash at Beginning | $6.93M | $2.56M | $1.12M | $1.4M | $2M | $514K | $1.36M | $1.11M | $1.36M | $1.12M | $1.56M | $3.51M | $3.63M | $10.26M | $3.63M |
| Cash at End | $4.55M | $6.93M | $2.56M | $1.12M | $1.4M | $2M | $514K | $1.36M | $1.11M | $1.36M | $1.12M | $1.56M | $3.46M | $3.63M | $13.89M |