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% interests in the 3Ts project comprising eight contiguous claim groups that consist of thirty-one mineral claims covering an area of approximately 35,486 hectares located in the Nechako Plateau region of cent… Read more
Independence Gold Corp (IEGCF) - Net Assets
Latest net assets as of September 2025: $8.23 Million USD
Based on the latest financial reports, Independence Gold Corp (IEGCF) has net assets worth $8.23 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.74 Million) and total liabilities ($502.64K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.23 Million |
| % of Total Assets | 94.25% |
| Annual Growth Rate | -5.42% |
| 5-Year Change | -2.67% |
| 10-Year Change | -26.3% |
| Growth Volatility | 29.31 |
Independence Gold Corp - Net Assets Trend (2012–2024)
This chart illustrates how Independence Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Independence Gold Corp (2012–2024)
The table below shows the annual net assets of Independence Gold Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.98 Million | +70.65% |
| 2023-12-31 | $7.60 Million | +33.17% |
| 2022-12-31 | $5.71 Million | -8.30% |
| 2021-12-31 | $6.23 Million | -53.29% |
| 2020-12-31 | $13.33 Million | +17.28% |
| 2019-12-31 | $11.37 Million | -11.01% |
| 2018-12-31 | $12.77 Million | -14.89% |
| 2017-12-31 | $15.01 Million | -12.56% |
| 2016-12-31 | $17.16 Million | -2.51% |
| 2015-12-31 | $17.61 Million | -1.32% |
| 2014-12-31 | $17.84 Million | -14.52% |
| 2013-12-31 | $20.87 Million | -17.63% |
| 2012-12-31 | $25.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Independence Gold Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4571641700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $58.69 Million | 452.34% |
| Total Equity | $12.98 Million | 100.00% |
Independence Gold Corp Competitors by Market Cap
The table below lists competitors of Independence Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autocount Dotcom Berhad
KLSE:0276
|
$17.17 Million |
|
Tacheng Real Estate Co Ltd
TWO:6171
|
$17.20 Million |
|
PSG Konsult Ltd
JSE:KST
|
$17.21 Million |
|
Chien Wei Precise Technology Co Ltd
TWO:8092
|
$17.21 Million |
|
Ariadne Australia Ltd
AU:ARA
|
$17.16 Million |
|
Marka Yatirim Holding AS
IS:MARKA
|
$17.16 Million |
|
PT Cerestar Indonesia Tbk
JK:TRGU
|
$17.15 Million |
|
Lixte Biotechnology Holdings Inc
NASDAQ:LIXT
|
$17.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Independence Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,603,339 to 12,975,172, a change of 5,371,833 (70.7%).
- Net loss of 5,455,914 reduced equity.
- New share issuances of 8,649,989 increased equity.
- Other factors increased equity by 2,177,758.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.46 Million | -42.05% |
| Share Issuances | $8.65 Million | +66.67% |
| Other Changes | $2.18 Million | +16.78% |
| Total Change | $- | 70.65% |
Book Value vs Market Value Analysis
This analysis compares Independence Gold Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.11 | x |
| 2016-12-31 | $0.00 | $0.11 | x |
| 2017-12-31 | $0.27 | $0.11 | x |
| 2018-12-31 | $0.23 | $0.11 | x |
| 2019-12-31 | $0.20 | $0.11 | x |
| 2020-12-31 | $0.16 | $0.11 | x |
| 2021-12-31 | $0.06 | $0.11 | x |
| 2022-12-31 | $0.04 | $0.11 | x |
| 2023-12-31 | $0.05 | $0.11 | x |
| 2024-12-31 | $0.06 | $0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Independence Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-42.05%) is below the historical average (-29.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 1.06x | $-2.53 Million |
| 2013 | -13.92% | 0.00% | 0.00x | 1.00x | $-4.99 Million |
| 2014 | -6.94% | 0.00% | 0.00x | 1.00x | $-3.02 Million |
| 2015 | -17.89% | 0.00% | 0.00x | 1.01x | $-4.91 Million |
| 2016 | -15.19% | 0.00% | 0.00x | 1.01x | $-4.32 Million |
| 2017 | -17.52% | 0.00% | 0.00x | 1.02x | $-4.13 Million |
| 2018 | -17.50% | 0.00% | 0.00x | 1.01x | $-3.51 Million |
| 2019 | -13.65% | 0.00% | 0.00x | 1.09x | $-2.69 Million |
| 2020 | -8.93% | 0.00% | 0.00x | 1.08x | $-2.52 Million |
| 2021 | -143.68% | 0.00% | 0.00x | 1.13x | $-9.57 Million |
| 2022 | -39.93% | 0.00% | 0.00x | 1.13x | $-2.85 Million |
| 2023 | -50.07% | 0.00% | 0.00x | 1.11x | $-4.57 Million |
| 2024 | -42.05% | 0.00% | 0.00x | 1.12x | $-6.75 Million |
Industry Comparison
This section compares Independence Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Independence Gold Corp (IEGCF) | $8.23 Million | 0.00% | 0.06x | $17.16 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |