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IGO Ltd - Stock Quote IPGDF

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Morningstar's IGO Ltd Stock Analysis

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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

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Key Statistics - IPGDF

IGO Ltd's Company Profile

Business Description

IGO Ltd is a diversified metals miner based in Western Australia. Key exposures are to nickel and gold, with minor copper and cobalt revenue from Nova. Nova-Bollinger is the key asset and nickel is the major source of earnings from 2018, taking over from gold from the firms 30% share of the Tropicana mine. Both mines have relatively low operating costs but reserve life is less than 10 years. IGO has a bias towards growth through exploration. With the balance sheet in good shape and cash flow expected to be strong in the medium-term, we expect exploration expenditure and activity to be elevated. IGO is well placed to fund the development of any discoveries.

Contact
85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre
Perth, WA, 6151, Australia
T +61 892388300
Industry Other Industrial Metals & Mining
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 155