SIXTY NORTH GOLD MIN.LTD. (2F40) - Net Assets
Based on the latest financial reports, SIXTY NORTH GOLD MIN.LTD. (2F40) has net assets worth €12.99 Million EUR (≈ $15.19 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€14.93 Million ≈ $17.45 Million USD) and total liabilities (€1.94 Million ≈ $2.26 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See 2F40 net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.99 Million |
| % of Total Assets | 87.04% |
| Annual Growth Rate | 10.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.64 |
SIXTY NORTH GOLD MIN.LTD. - Net Assets Trend (2021–2025)
This chart illustrates how SIXTY NORTH GOLD MIN.LTD.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SIXTY NORTH GOLD MIN.LTD. market capitalisation.
Annual Net Assets for SIXTY NORTH GOLD MIN.LTD. (2021–2025)
The table below shows the annual net assets of SIXTY NORTH GOLD MIN.LTD. from 2021 to 2025. Also explore 2F40 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | €9.18 Million ≈ $10.73 Million |
+6.89% |
| 2024-10-31 | €8.59 Million ≈ $10.04 Million |
+9.61% |
| 2023-10-31 | €7.83 Million ≈ $9.16 Million |
-4.30% |
| 2022-10-31 | €8.19 Million ≈ $9.57 Million |
+30.67% |
| 2021-10-31 | €6.26 Million ≈ $7.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SIXTY NORTH GOLD MIN.LTD.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 274857200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €15.46 Million | 168.50% |
| Total Equity | €9.18 Million | 100.00% |
SIXTY NORTH GOLD MIN.LTD. Competitors by Market Cap
The table below lists competitors of SIXTY NORTH GOLD MIN.LTD. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loyal Textile Mills Limited
NSE:LOYALTEX
|
$10.78 Million |
|
Jeju Beer Co. Ltd.
KQ:276730
|
$10.78 Million |
|
Mode Tour Real Estate Investment Trust Inc
KO:204210
|
$10.79 Million |
|
SSH Group Ltd
AU:SSH
|
$10.80 Million |
|
LDT Inc
KQ:096870
|
$10.77 Million |
|
First Lithium Ltd
AU:FL1
|
$10.77 Million |
|
Larq SA
WAR:LRQ
|
$10.76 Million |
|
Yelooo Integra Datanet Tbk PT
JK:YELO
|
$10.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SIXTY NORTH GOLD MIN.LTD.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,585,939 to 9,177,302, a change of 591,363 (6.9%).
- Net loss of 582,789 reduced equity.
- New share issuances of 876,721 increased equity.
- Other factors increased equity by 297,431.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-582.79K | -6.35% |
| Share Issuances | €876.72K | +9.55% |
| Other Changes | €297.43K | +3.24% |
| Total Change | €- | 6.89% |
Book Value vs Market Value Analysis
This analysis compares SIXTY NORTH GOLD MIN.LTD.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.69x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.28x to 0.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-10-31 | €0.43 | €0.12 | x |
| 2022-10-31 | €0.39 | €0.12 | x |
| 2023-10-31 | €0.28 | €0.12 | x |
| 2024-10-31 | €0.20 | €0.12 | x |
| 2025-10-31 | €0.17 | €0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SIXTY NORTH GOLD MIN.LTD. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-6.35%) is above the historical average (-8.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -11.38% | 0.00% | 0.00x | 1.01x | €-1.34 Million |
| 2022 | -8.14% | 0.00% | 0.00x | 1.06x | €-1.49 Million |
| 2023 | -15.12% | 0.00% | 0.00x | 1.05x | €-1.97 Million |
| 2024 | -3.66% | 0.00% | 0.00x | 1.05x | €-1.17 Million |
| 2025 | -6.35% | 0.00% | 0.00x | 1.08x | €-1.50 Million |
Industry Comparison
This section compares SIXTY NORTH GOLD MIN.LTD.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $6,519,311,133
- Average return on equity (ROE) among peers: -24.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SIXTY NORTH GOLD MIN.LTD. (2F40) | €12.99 Million | -11.38% | 0.15x | $10.77 Million |
| Pearl Gold AG (02P) | $13.49 Million | 0.00% | 0.03x | $11.98 Million |
| NEWPATH RESOURCES INC. (0MZ) | $-104.03K | 0.00% | 0.00x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $58.57 Billion | 5.04% | 1.74x | $2.87 Billion |
| Asante Gold Corporation (1A9) | $1.50 Million | -47.59% | 1.26x | $552.59 Million |
| American Pacific Mining Corp (1QC1) | $48.70 Million | 7.16% | 0.08x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $17.87 Million | -9.87% | 0.17x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $8.63 Million | -7.22% | 0.07x | $10.69 Million |
| CLARITY METALS CORP. (27G0) | $2.12 Million | -130.79% | 0.25x | $1.66 Million |
| CANDELARIA MINING CORP (29LN) | $11.59 Million | -37.86% | 0.45x | $262.83K |
About SIXTY NORTH GOLD MIN.LTD.
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold. The company's flagship project holds 100% interest in the Mon Property that includes 13 contiguous mining leases and 1 mineral claim comprising an area of approximately 1,536.92 acres located in Yellowknife, the Northwest Territories. The company w… Read more