ARGO GOLD INC. (P3U) - Net Assets
Based on the latest financial reports, ARGO GOLD INC. (P3U) has net assets worth €1.42 Million EUR (≈ $1.66 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.18 Million ≈ $3.71 Million USD) and total liabilities (€1.76 Million ≈ $2.06 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. Check P3U asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.42 Million |
| % of Total Assets | 44.6% |
| Annual Growth Rate | -10.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 59.0 |
ARGO GOLD INC. - Net Assets Trend (2021–2024)
This chart illustrates how ARGO GOLD INC.'s net assets have evolved over time, based on quarterly financial data. Also explore P3U asset base for the complete picture of this company's asset base.
Annual Net Assets for ARGO GOLD INC. (2021–2024)
The table below shows the annual net assets of ARGO GOLD INC. from 2021 to 2024. For live valuation and market cap data, see ARGO GOLD INC. (P3U) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.47 Million ≈ $1.72 Million |
+55.20% |
| 2023-12-31 | €949.13K ≈ $1.11 Million |
+54.65% |
| 2022-12-31 | €613.73K ≈ $717.51K |
-70.22% |
| 2021-12-31 | €2.06 Million ≈ $2.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ARGO GOLD INC.'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 28390700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €15.65 Million | 1062.32% |
| Total Equity | €1.47 Million | 100.00% |
ARGO GOLD INC. Competitors by Market Cap
The table below lists competitors of ARGO GOLD INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OLB Group Inc
NASDAQ:OLB
|
$4.11 Million |
|
Trinitan Metals and Minerals
JK:PURE
|
$4.11 Million |
|
Henderson High Income Trust
LSE:HHI
|
$4.11 Million |
|
TRU PRECIOUS METALS CORP.
F:706
|
$4.11 Million |
|
NuGen Medical Devices Inc
V:NGMD
|
$4.11 Million |
|
Argentum Silver Corp
V:ASL
|
$4.11 Million |
|
Adslot Ltd
AU:ADS
|
$4.10 Million |
|
Yaprak Sut ve Besi Ciftlikleri Sanayi ve Ticaret AS
IS:YAPRK
|
$4.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ARGO GOLD INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 949,127 to 1,473,069, a change of 523,942 (55.2%).
- Net income of 437,084 contributed positively to equity growth.
- Share repurchases of 23,142 reduced equity.
- Other factors increased equity by 110,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €437.08K | +29.67% |
| Share Repurchases | €23.14K | -1.57% |
| Other Changes | €110.00K | +7.47% |
| Total Change | €- | 55.20% |
Book Value vs Market Value Analysis
This analysis compares ARGO GOLD INC.'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: 2.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.70x to 2.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.03 | €0.05 | x |
| 2022-12-31 | €0.01 | €0.05 | x |
| 2023-12-31 | €0.01 | €0.05 | x |
| 2024-12-31 | €0.02 | €0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ARGO GOLD INC. 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): 29.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.50%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.24x
- Recent ROE (29.67%) is above the historical average (-85.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -105.59% | 0.00% | 0.00x | 1.04x | €-2.38 Million |
| 2022 | -235.24% | 0.00% | 0.00x | 1.78x | €-1.51 Million |
| 2023 | -29.50% | -29.39% | 0.34x | 2.92x | €-374.92K |
| 2024 | 29.67% | 19.50% | 0.68x | 2.24x | €289.78K |
Industry Comparison
This section compares ARGO GOLD INC.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $6,451,555,424
- Average return on equity (ROE) among peers: -112.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ARGO GOLD INC. (P3U) | €1.42 Million | -105.59% | 1.24x | $4.11 Million |
| Pearl Gold AG (02P) | $0.00 | 0.00% | 0.00x | $9.35 Million |
| NEWPATH RESOURCES INC. (0MZ) | $-1.67 Million | 0.00% | 0.00x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $64.38 Billion | 7.36% | 1.65x | $3.13 Billion |
| Asante Gold Corporation (1A9) | $34.84 Million | -215.82% | 19.70x | $566.26 Million |
| American Pacific Mining Corp (1QC1) | $41.94 Million | -24.06% | 0.02x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $43.88 Million | -7.79% | 0.14x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $8.41 Million | -20.86% | 0.06x | $10.69 Million |
| CLARITY METALS CORP. (27G0) | $263.00K | -857.71% | 2.32x | $1.67 Million |
| SIXTY NORTH GOLD MIN.LTD. (2F40) | $8.59 Million | -3.66% | 0.05x | $16.59 Million |
| GREENHAWK RESOURCES INC. (2V70) | $-338.95K | 0.00% | 0.00x | $43.10K |
About ARGO GOLD INC.
Argo Gold Inc. engages in the acquisition, exploration, development, and production of mineral properties in Canada. It primarily explores for gold, silver, nickel, copper, platinum group metals, cobalt, lead, zinc, and uranium deposits. The company has a mineral exploration permit for the Uchi Gold Project located 90 kilometres east of Red Lake, Ontario. The company was formerly known as Arbitra… Read more