Independence Group NL (ASX:IGO)

Independence Group NL (ASX:IGO) Company Profile

Symbol(s): ASX:IGO, OTCMKTS:IPGDF
Industry: Gold Mining
Website: www.independencegroup.com.au
eMail: info@independencegroup.com.au

Independence Group NL (ASX:IGO) is a Canadian Gold mining company. It’s a mid-tier producer mainly focused on exploration and development of mineral properties in Australia. The company has multiple properties including Tropicana (Western Australia, Australia), Empress Springs (Western Australia, Australia), Jaguar (Western Australia, Australia) and Lake Mackay (Western Australia, Australia).

Independence Group NL (ASX:IGO) has about 3 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$918.7 per gold equivalent ounce. The company currently produces 150000 ounces of gold per year with the all-in sustaining costs of US$600 per ounce.

Independence Group NL has US$34.43 million cash and US$202.84 million debt. The company has 590.8 million shares outstanding and as of September 01, 2020, had a market capitalization of US$2587.69 million. The stocks of Independence Group NL trade on the Australian Securities Exchange and the Over-the-Counter Exchange.