Gold79 Mines Ltd
West Point Gold Corp., an exploration stage junior mining company, engages in the identification, acquisition, evaluation, and exploration of mineral properties in North America. The company primarily explores for gold, silver, precious metals, and base metals. It holds 100% interest in the Tip Top project located in Esmeralda County, Nevada. The company was formerly known as Gold79 Mines Ltd. an… Read more
Gold79 Mines Ltd (AUSVF) - Net Assets
Latest net assets as of September 2024: $5.18 Million USD
Based on the latest financial reports, Gold79 Mines Ltd (AUSVF) has net assets worth $5.18 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.46 Million) and total liabilities ($276.87K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.18 Million |
| % of Total Assets | 94.93% |
| Annual Growth Rate | 22.01% |
| 5-Year Change | N/A |
| 10-Year Change | 4104.5% |
| Growth Volatility | 87.0 |
Gold79 Mines Ltd - Net Assets Trend (2013–2023)
This chart illustrates how Gold79 Mines Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gold79 Mines Ltd (2013–2023)
The table below shows the annual net assets of Gold79 Mines Ltd from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $4.88 Million | -0.82% |
| 2022-12-31 | $4.92 Million | +5.35% |
| 2021-12-31 | $4.67 Million | +90.69% |
| 2020-12-31 | $2.45 Million | +1683.88% |
| 2019-12-31 | $-154.55K | -2.22% |
| 2018-12-31 | $-151.19K | -2377.70% |
| 2017-12-31 | $-6.10K | +96.11% |
| 2016-12-31 | $-156.89K | -105.84% |
| 2015-12-31 | $-76.22K | -165.71% |
| 2014-12-31 | $116.00K | -82.62% |
| 2013-12-31 | $667.32K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gold79 Mines 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 471077700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.82 Million | 529.44% |
| Total Equity | $4.88 Million | 100.00% |
Gold79 Mines Ltd Competitors by Market Cap
The table below lists competitors of Gold79 Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LACHLAN STAR
F:GY6
|
$6.14 Million |
|
Imperial Equities Inc.
V:IEI
|
$6.14 Million |
|
Securemetric Berhad
KLSE:0203
|
$6.14 Million |
|
NightFood Holdings Inc
OTCQB:NGTF
|
$6.14 Million |
|
GMV Minerals Inc
OTCQB:GMVMF
|
$6.14 Million |
|
Aman Agrindo
JK:GULA
|
$6.14 Million |
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$6.13 Million |
|
Ecomiam SA
PA:ALECO
|
$6.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold79 Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,917,461 to 4,877,221, a change of -40,240 (-0.8%).
- Net loss of 420,385 reduced equity.
- New share issuances of 344,837 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-420.38K | -8.62% |
| Share Issuances | $344.84K | +7.07% |
| Other Changes | $35.31K | +0.72% |
| Total Change | $- | -0.82% |
Book Value vs Market Value Analysis
This analysis compares Gold79 Mines 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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.00 | $0.36 | x |
| 2018-12-31 | $-0.01 | $0.36 | x |
| 2019-12-31 | $0.00 | $0.36 | x |
| 2020-12-31 | $0.03 | $0.36 | x |
| 2021-12-31 | $0.03 | $0.36 | x |
| 2022-12-31 | $0.28 | $0.36 | x |
| 2023-12-31 | $0.25 | $0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold79 Mines 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): -8.62%
- 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: 1.04x
- Recent ROE (-8.62%) is above the historical average (-41.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 131.49% | 0.00% | 0.00x | 1.11x | $810.75K |
| 2014 | -515.70% | 0.00% | 0.00x | 1.87x | $-609.81K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-332.93K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-72.43K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-365.62K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-390.90K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-214.46K |
| 2020 | -34.05% | 0.00% | 0.00x | 1.06x | $-1.08 Million |
| 2021 | -19.78% | 0.00% | 0.00x | 1.05x | $-1.39 Million |
| 2022 | -10.26% | 0.00% | 0.00x | 1.02x | $-996.09K |
| 2023 | -8.62% | 0.00% | 0.00x | 1.04x | $-908.11K |
Industry Comparison
This section compares Gold79 Mines Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold79 Mines Ltd (AUSVF) | $5.18 Million | 131.49% | 0.05x | $6.14 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |