Last A$4.14 AUD
Change Today -0.125 / -2.93%
Volume 137.5K
IGO On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 8:37 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

independence group nl (IGO) Snapshot

Open
A$4.18
Previous Close
A$4.27
Day High
A$4.23
Day Low
A$4.14
52 Week High
07/30/14 - A$4.97
52 Week Low
12/18/13 - A$2.71
Market Cap
971.0M
Average Volume 10 Days
989.3K
EPS TTM
A$0.20
Shares Outstanding
234.3M
EX-Date
09/12/14
P/E TM
20.8x
Dividend
A$0.11
Dividend Yield
2.76%
Current Stock Chart for INDEPENDENCE GROUP NL (IGO)

Related News

No related news articles were found.

independence group nl (IGO) Related Businessweek News

No Related Businessweek News Found

independence group nl (IGO) Details

Independence Group NL is engaged in the discovery, acquisition, exploration, and development of mineral properties in Australia. It operates through four segments: Nickel Mining, Copper and Zinc Mining, Tropicana Gold Project, and Feasibility and Regional Exploration Activities. The company primarily explores for nickel, gold, copper, silver, and zinc concentrates. It holds a 100% interest in the Long Nickel Mine located in Kambalda in Western Australia; and the Jaguar/Bentley Operation, including the Jaguar and Bentley copper-zinc-silver underground mines and milling operation located in Western Australia. The company also holds a 30% joint venture interest in the Tropicana Gold project located in Western Australia; 100% interest in the Karlawinda Gold project located in Western Australia; and 100% interest in the Stockman Project located to the east-south-east of the township of Benambra in East Gippsland, Victoria. Independence Group NL was incorporated in 2000 and is based in South Perth, Australia.

Founded in 2000

independence group nl (IGO) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$218.1K
Chief Financial Officer
Total Annual Compensation: A$380.3K
Group Operations Manager
Total Annual Compensation: A$502.0K
Business Development Manager
Total Annual Compensation: A$302.1K
Exploration Manager
Total Annual Compensation: A$351.0K
Compensation as of Fiscal Year 2014.

independence group nl (IGO) Key Developments

Independence Group NL Announces Fully Franked Final Dividend for Fiscal Year 2014, Payable on September 30, 2014

Independence Group NL has announced a fully franked final dividend for fiscal year 2014 of 5 cents per share which will be payable on 30 September 2014, with a record date for determining entitlements of 16 September 2014.

Independence Group NL Reports Audited Consolidated Earnings and Production Results for the Full Year Ended June 30, 2014; Provides Production Guidance for the Full Year of 2015

Independence Group NL reported audited consolidated earnings and production results for the full year ended June 30, 2014. For the year, revenue from continuing operations was $399,059,000 against $225,871,000 a year ago. Profit from continuing operations before income tax was $67,809,000 against $27,827,000 a year ago. Revenue from continuing operations increased by 77% primarily due to $137.9 million from Tropicana, as well as an improved contribution from the Jaguar Operation. Profit after income tax was $46,556,000 against $18,288,000 a year ago. Profit attributable to the members of the company was $46,556,000 or 19.78 cents per diluted share against $18,288,000 or 7.79 cents per diluted share a year ago. Total development and construction capital expenditure was $76 million of which $57 million was for plant construction and mine open pit waste stripping at Tropicana. $16.6 million was for Jaguar underground mine development and the balance was for Long underground development. Net cash flows from operating activities were $153.6 million against $67.5 million a year ago. For the year, gold production was 348,374 ounces. Attributable gold production was 104,511 ounces at average cash costs of $552/oz Au. The company’s attributable gold production for the Tropicana Gold Mine is estimated to average in the range of 141,000 ounces to 147,000 ounces of gold per annum during full year of 2015. Production guidance for the Long Operation for full year 2015 is 230,000 ore tonnes to 270,000 ore tonnes for between 9,000 tonnes and 10,000 tonnes of contained nickel. Production guidance for the Jaguar Operation for the fiscal 2015 is 420,000 ore tonnes to 440,000 ore tonnes for production of 5,800 tonnes to 6,500 tonnes of copper metal and 40,000 tonnes to 43,000 tonnes of zinc metal with Cash Costs of $0.40 to $0.60 per pound of zinc. Approximately $8 million has been budgeted for exploration during fiscal 2015 for ongoing work at Flying Spur, Triumph and elsewhere on the Jaguar concession and Darlot JV tenements.

Independence Group NL Commences an Aircore Drilling Program at the Bryah Basin Project

Independence Group NL has commenced an Aircore drilling program at the Bryah Basin Project. The program is part of the exploration farm-in Agreement covering Alchemy's interests in the whole and part tenements that cover the base metal prospective part of the Project. Independence has extensive base metal exploration and discovery experience and has commenced ground-based exploration to comprehensively evaluate the prospective Narracoota stratigraphy on the farm-in tenements. The Bryah Basin Project contains more than 45km of strike extent of the Narracoota volcanic sequence, host to Sandfire Resource's DeGrussa copper-gold deposit and Resource and Investment NL's Forrest copper-gold prospect, and is prospective for discovery of volcanic massive-sulphide (VMS)-style base metal deposits. The initial Aircore drilling program covers the Neptune, Magnus and Moby areas and some regional reconnaissance lines to better define the prospective horizons. In the Neptune area, the drilling is testing zones of base metal geochemical anomalism over the Narracoota sequence and its contact position with the Karalundi sedimentary sequence as well as EM conductors defined from limited ground EM surveys. In the Magnus and Moby areas, regional lines of drilling will test base metal and/or gold anomalies and structural targets along the largely untested prospective Narracoota-Karalundi stratigraphic position. The 7,500 metre program is expected to take approximately three weeks to complete.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IGO:AU A$4.14 AUD -0.125

IGO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Kingsgate Consolidated Ltd A$0.80 AUD +0.005
Regis Resources Ltd A$1.67 AUD -0.02
Sandfire Resources NL A$5.77 AUD +0.10
Silver Lake Resources Ltd A$0.43 AUD +0.01
Western Areas Ltd A$4.70 AUD -0.01
View Industry Companies
 

Industry Analysis

IGO

Industry Average

Valuation IGO Industry Range
Price/Earnings 20.5x
Price/Sales 2.4x
Price/Book 1.4x
Price/Cash Flow 7.2x
TEV/Sales 2.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INDEPENDENCE GROUP NL, please visit www.igo.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.