Gold Resource Corporation (GORO) - Net Assets
Based on the latest financial reports, Gold Resource Corporation (GORO) has net assets worth $25.96 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 ($164.34 Million) and total liabilities ($138.38 Million). 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 Gold Resource Corporation liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.96 Million |
| % of Total Assets | 15.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | -69.87% |
| 10-Year Change | -69.28% |
| Growth Volatility | 765.75 |
Gold Resource Corporation - Net Assets Trend (2004–2024)
This chart illustrates how Gold Resource Corporation's net assets have evolved over time, based on quarterly financial data. Also explore GORO total assets for the complete picture of this company's asset base.
Annual Net Assets for Gold Resource Corporation (2004–2024)
The table below shows the annual net assets of Gold Resource Corporation from 2004 to 2024. For live valuation and market cap data, see market value of Gold Resource Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $27.28 Million | -66.08% |
| 2023-12-31 | $80.43 Million | -28.04% |
| 2022-12-31 | $111.76 Million | -7.44% |
| 2021-12-31 | $120.75 Million | +33.37% |
| 2020-12-31 | $90.54 Million | -42.72% |
| 2019-12-31 | $158.06 Million | +24.20% |
| 2018-12-31 | $127.26 Million | +13.52% |
| 2017-12-31 | $112.11 Million | +4.70% |
| 2016-12-31 | $107.08 Million | +20.56% |
| 2015-12-31 | $88.82 Million | -1.40% |
| 2014-12-31 | $90.08 Million | +19.66% |
| 2013-12-31 | $75.28 Million | -16.19% |
| 2012-12-31 | $89.81 Million | +3.08% |
| 2011-12-31 | $87.13 Million | +61.81% |
| 2010-12-31 | $53.85 Million | +169.93% |
| 2009-12-31 | $19.95 Million | +558.85% |
| 2008-12-31 | $3.03 Million | -86.10% |
| 2007-12-31 | $21.79 Million | +190.02% |
| 2006-12-31 | $7.51 Million | +3421.04% |
| 2005-12-31 | $213.37K | +128.55% |
| 2004-12-31 | $-747.34K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gold Resource Corporation'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 7838638500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $96.00K | 0.35% |
| Other Comprehensive Income | $-1.17 Million | -4.29% |
| Other Components | $109.44 Million | 401.11% |
| Total Equity | $27.28 Million | 100.00% |
Gold Resource Corporation Competitors by Market Cap
The table below lists competitors of Gold Resource Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kuang Hong Arts Management
TWO:6596
|
$116.97 Million |
|
Hana Pharm Co Ltd
KO:293480
|
$117.00 Million |
|
Ruby Tech
TWO:8048
|
$117.08 Million |
|
Korea Petroleum Industries Co
KO:004090
|
$117.12 Million |
|
Menang Corporation (Malaysia) Bhd
KLSE:1694
|
$116.94 Million |
|
Tonlin Department Store Co Ltd
TW:2910
|
$116.88 Million |
|
GOLCONDA GOLD LTD
F:Y87
|
$116.87 Million |
|
Alicon Castalloy Limited
NSE:ALICON
|
$116.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Resource Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,428,000 to 27,283,000, a change of -53,145,000 (-66.1%).
- Net loss of 56,501,000 reduced equity.
- New share issuances of 2,740,000 increased equity.
- Other comprehensive income decreased equity by 1.
- Other factors increased equity by 616,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-56.50 Million | -207.09% |
| Share Issuances | $2.74 Million | +10.04% |
| Other Comprehensive Income | $-1.00 | -0.0% |
| Other Changes | $616.00K | +2.26% |
| Total Change | $- | -66.08% |
Book Value vs Market Value Analysis
This analysis compares Gold Resource Corporation'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: 4.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $-0.07 | $1.29 | x |
| 2005-12-31 | $0.01 | $1.29 | x |
| 2006-12-31 | $0.37 | $1.29 | x |
| 2007-12-31 | $0.76 | $1.29 | x |
| 2008-12-31 | $0.09 | $1.29 | x |
| 2009-12-31 | $0.46 | $1.29 | x |
| 2010-12-31 | $1.08 | $1.29 | x |
| 2011-12-31 | $1.54 | $1.29 | x |
| 2012-12-31 | $1.59 | $1.29 | x |
| 2013-12-31 | $1.36 | $1.29 | x |
| 2014-12-31 | $1.65 | $1.29 | x |
| 2015-12-31 | $1.64 | $1.29 | x |
| 2016-12-31 | $1.92 | $1.29 | x |
| 2017-12-31 | $1.95 | $1.29 | x |
| 2018-12-31 | $2.18 | $1.29 | x |
| 2019-12-31 | $2.47 | $1.29 | x |
| 2020-12-31 | $1.28 | $1.29 | x |
| 2021-12-31 | $1.60 | $1.29 | x |
| 2022-12-31 | $1.26 | $1.29 | x |
| 2023-12-31 | $0.91 | $1.29 | x |
| 2024-12-31 | $0.30 | $1.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Resource Corporation 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): -207.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -87.25%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 5.35x
- Recent ROE (-207.09%) is below the historical average (-85.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -755392.04% | 0.01x | 0.00x | $-778.86K |
| 2005 | -570.79% | -19726.45% | 0.02x | 1.16x | $-1.24 Million |
| 2006 | -35.76% | 0.00% | 0.00x | 1.06x | $-3.44 Million |
| 2007 | -37.07% | 0.00% | 0.00x | 1.04x | $-10.26 Million |
| 2008 | -859.23% | 0.00% | 0.00x | 1.58x | $-26.32 Million |
| 2009 | -171.09% | 0.00% | 0.00x | 1.14x | $-36.12 Million |
| 2010 | -42.85% | -156.39% | 0.23x | 1.17x | $-28.46 Million |
| 2011 | 66.99% | 55.50% | 0.88x | 1.37x | $49.66 Million |
| 2012 | 37.49% | 25.55% | 1.25x | 1.18x | $24.69 Million |
| 2013 | 0.11% | 0.07% | 1.37x | 1.22x | $-7.44 Million |
| 2014 | 18.03% | 14.08% | 1.03x | 1.24x | $7.24 Million |
| 2015 | 3.45% | 3.30% | 0.87x | 1.20x | $-5.82 Million |
| 2016 | 4.10% | 5.27% | 0.70x | 1.11x | $-6.32 Million |
| 2017 | 3.70% | 3.77% | 0.83x | 1.19x | $-7.06 Million |
| 2018 | 7.30% | 8.05% | 0.77x | 1.18x | $-3.44 Million |
| 2019 | 3.69% | 4.85% | 0.62x | 1.22x | $-9.97 Million |
| 2020 | 4.81% | 4.81% | 0.86x | 1.17x | $-4.69 Million |
| 2021 | 6.65% | 6.46% | 0.58x | 1.79x | $-4.05 Million |
| 2022 | -5.66% | -4.54% | 0.66x | 1.88x | $-17.50 Million |
| 2023 | -30.02% | -24.70% | 0.53x | 2.29x | $-32.19 Million |
| 2024 | -207.09% | -87.25% | 0.44x | 5.35x | $-59.23 Million |
Industry Comparison
This section compares Gold Resource Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $348,047,585
- Average return on equity (ROE) among peers: -7.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Resource Corporation (GORO) | $25.96 Million | 0.00% | 5.33x | $116.96 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aura Minerals Inc. Common Shares (AUGO) | $310.13 Million | 21.44% | 1.35x | $6.08 Billion |
| Austin Gold Corp (AUST) | $3.69 Million | -84.10% | 0.01x | $17.66 Million |
| Barrick Mining Corporation (B) | $1.17 Billion | 11.61% | 0.83x | $68.16 Billion |
| Blue Gold Limited Class A Ordinary Shares (BGL) | $1.33 Million | 52.84% | 2.03x | $33.45 Million |
| Coeur Mining Inc (CDE) | $852.51 Million | -5.68% | 1.01x | $18.24 Billion |
| Caledonia Mining Corporation (CMCL) | $157.69 Million | 7.13% | 0.49x | $440.34 Million |
| Collective Mining Ltd. (CNL) | $864.96 Million | 8.62% | 1.81x | $1.45 Billion |
| Contango ORE Inc (CTGO) | $12.81 Million | -78.30% | 0.14x | $346.52 Million |
| Dakota Gold Corp. (DC) | $-2.37 Million | 0.00% | 0.00x | $698.29 Million |
About Gold Resource Corporation
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects. It also explores copper, lead, and zinc deposits. It holds 100% interest in the Don David gold mine, including two production stage and four exploration stage properties located in Oaxaca, Mexico that cover approximately 55,119 hectares. The company also holds 100% interest in the Back F… Read more