Independence Gold Corp V.IGO

Alternate Symbol(s): IEGCF

Metals & Mining Industrial Metals & Minerals

Independence Gold Corp. is a Canada-based mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company's projects include 3Ts Project, Boulevard Project, and Moosehorn Project. The 3TS project is located approximately 185 kilometers (km) southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project. The 3TS project consists of approximately 8,840 hectares and 17 claims. The 3Ts Project is comprised of the Tsacha, Taken, Tam, Tommy, Bot and Blackwater South properties. The Boulevard project is located approximately 135 km south of Dawson City, 35 km south of the Golden Saddle Project. The Boulevard project consists of approximately 19,960 hectares and 958 claims. The Moosehorn project is located approximately 133 km southwest of Dawson City. The Moosehorn project consists of approximately 1,720 hectares and 82 claims.

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Independence Gold Corp

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Post by qwertyu1on Aug 20, 2022 8:43am

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Post# 34909109

New Inferred Resources update positive?

It's pretty quiet after the update.

I was also a little disappointed to be honest had hoped for more to be honest.

But after carefully reading all the information I still see positivity

Old Inferred Resources 5.452.000 Tonnes 441.000 Gold 12.500.000 Silver

New Inferred Resources 4.469.298 Tonnes 522.331 Gold 13.831.416 Silver

So almost 1.000.000 tonnes less and more resources.
Also liked the split between open pit and underground pit with the metioned costs.

I made a little calculation with the knowledge i have and it looks like a profitable mine.
Like i said withe the knowledge i have, maybe i made some wrong inputs.

	Tonnes	Gold ounces	Silver ounces	AuEq ounces	mining costs	G&A Costs	Total costs mining

In-Pit	2.453.202	254.395	7.752.575	339.237	$ 3,00	$ 22,00	$ 25,00
Underground	2.016.096	267.936	6.078.841	338.919	$ 80,00	$ 25,00	$ 105,00
Totaal	4.469.298	522.331	13.831.416	678.156


Mining costs
	Tonnes	costs	Total costs		AuEq ounces	sell price	revenu

In-Pit	2.453.202	$25	$61.330.050		339.237	$1.700	$576.702.900
Underground	2.016.096	$105	$211.690.080		338.919	$1.700	$576.162.300
Totaal	4.469.298		$273.020.130		678.156		$1.152.865.200


revenue mining	1.152.865.200
Costs mining	273.020.130	-/-
Profit mining	879.845.070
cost setup mine	??	-/-
Buying property	??	-/-
net profit	??