Independence Group Share Price Continues to Display Positive Results

Mining giant Independence Group NL [ASX:IGO] continues to stay ahead of the game, as their shares slightly increased by 0.80% this morning

While not a large growth, their share value has been rising on a consistent basis all throughout 2017 and going into 18.

Independence Group are now trading at $5.05 a share, when six months ago they were trading for two dollars less.

Independence Group operates through multiple operations, holding a large amount of interest in Zinc, copper, silver and gold mines that cover large ground.

Continuing to put in hard work

Independence Group are focusing on two mining operations located in Western Australia.

Their quarterly report, which was released in January, states their Nova and Tropicana projects have stayed within production and cost guidelines.

The Tropicana project has turned over more gold than expected.

The West Australian reported that Independence Group’s Managing Director Peter Bradford stated:

Our focus now is on delivering consistency and the continued optimisation of our assets coupled with exploration and discovery, across our brownfields sites and belt-scale greenfields projects, to deliver organic growth.

Operations

The Tropicana operation is in it for the long haul. It’s expected to have another 10 years of mining life. A second ball mill is also being installed, in order to increase throughput and recovery processes.

In Western Australia the Nova mine achieved commercial production in July 2017, five years from its initial discovery.

All development capital is expected to be completed by the end of the 2018 financial year.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: Sam Volkerning from Money Morning has more than a few things to say about Aussie stock gains. Check out his free report ‘How to capture MORE Aussie stock gains in a single year than most investors do in 10 years…’ outlining how to properly benefit from the right stocks


Ryan Clarkson-Ledward is one of Money Morning’s junior analysts. Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects. Ryan’s primary focus is assisting Sam Volkering with background research and insight for readers by dissecting the latest events affecting the world. Working closely with Sam, they explore the latest in small-cap and technology stocks as well as cryptocurrency opportunities. You can find Ryan’s contributing research, developments, and supporting information across several e-letters, including:


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