Doré Copper Mining Corp
Doré Copper Mining Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company primarily explores for copper and gold deposits. It holds 100% interest in the Corner Bay copper deposit, the Cedar Bay past producing copper mine, the Copper Rand past producing copper mine, the Joe Mann past producing gold mine, the Devlin copper deposit, an… Read more
Doré Copper Mining Corp (DRCMF) - Net Assets
Latest net assets as of September 2024: $9.96 Million USD
Based on the latest financial reports, Doré Copper Mining Corp (DRCMF) has net assets worth $9.96 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 ($12.11 Million) and total liabilities ($2.15 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.96 Million |
| % of Total Assets | 82.26% |
| Annual Growth Rate | 103.66% |
| 5-Year Change | -24.4% |
| 10-Year Change | N/A |
| Growth Volatility | 1810.51 |
Doré Copper Mining Corp - Net Assets Trend (2018–2023)
This chart illustrates how Doré Copper Mining Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Doré Copper Mining Corp (2018–2023)
The table below shows the annual net assets of Doré Copper Mining Corp from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $9.31 Million | +5.61% |
| 2022-12-31 | $8.81 Million | -56.09% |
| 2021-12-31 | $20.07 Million | +97.12% |
| 2020-12-31 | $10.18 Million | -17.29% |
| 2019-12-31 | $12.31 Million | +4531.85% |
| 2018-12-31 | $265.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Doré Copper Mining Corp'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 5144238000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $66.18 Million | 711.14% |
| Total Equity | $9.31 Million | 100.00% |
Doré Copper Mining Corp Competitors by Market Cap
The table below lists competitors of Doré Copper Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prodigy Gold NL
AU:PRX
|
$5.27 Million |
|
OXE Marine AB (publ)
PINK:CMMCF
|
$5.27 Million |
|
Tien Wah Press Holdings Bhd
KLSE:7374
|
$5.27 Million |
|
PURE ENERGY MINLS
F:AHG
|
$5.27 Million |
|
Surge Components Inc
PINK:SPRS
|
$5.27 Million |
|
Biomedico Hadarim Ltd
OTCGREY:ITGMF
|
$5.27 Million |
|
Smart Concrete Public Company Limited
BK:SMART
|
$5.27 Million |
|
Acumentis Group Ltd
AU:ACU
|
$5.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doré Copper Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 8,811,980 to 9,306,115, a change of 494,135 (5.6%).
- Net loss of 5,821,135 reduced equity.
- New share issuances of 6,761,125 increased equity.
- Other factors decreased equity by 445,855.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.82 Million | -62.55% |
| Share Issuances | $6.76 Million | +72.65% |
| Other Changes | $-445.86K | -4.79% |
| Total Change | $- | 5.61% |
Book Value vs Market Value Analysis
This analysis compares Doré Copper Mining Corp'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: 1.42x
- 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 0.32x to 1.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.32 | $0.10 | x |
| 2019-12-31 | $0.43 | $0.10 | x |
| 2020-12-31 | $0.27 | $0.10 | x |
| 2021-12-31 | $0.30 | $0.10 | x |
| 2022-12-31 | $0.10 | $0.10 | x |
| 2023-12-31 | $0.07 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doré Copper Mining Corp 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): -62.55%
- 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: 1.24x
- Recent ROE (-62.55%) is above the historical average (-79.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -12.89% | 0.00% | 0.00x | 1.22x | $-60.82K |
| 2019 | -37.18% | 0.00% | 0.00x | 1.18x | $-5.81 Million |
| 2020 | -89.38% | 0.00% | 0.00x | 1.14x | $-10.12 Million |
| 2021 | -69.34% | 0.00% | 0.00x | 1.21x | $-15.92 Million |
| 2022 | -204.61% | 0.00% | 0.00x | 1.44x | $-18.91 Million |
| 2023 | -62.55% | 0.00% | 0.00x | 1.24x | $-6.75 Million |
Industry Comparison
This section compares Doré Copper Mining Corp's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $772,452,903
- Average return on equity (ROE) among peers: -135.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doré Copper Mining Corp (DRCMF) | $9.96 Million | -12.89% | 0.22x | $5.27 Million |
| Atlas Consolidated Mining and Development Corporation (ACMDY) | $5.76 Billion | -13.16% | 2.06x | $240.13 Million |
| Antofagasta PLC (ANFGF) | $1.28 Billion | 7.59% | 0.93x | $6.24 Billion |
| Trinity One Metals Ltd. (ARJNF) | $-188.82K | 0.00% | 0.00x | $100.13K |
| Amerigo Resources Ltd. (ARREF) | $132.68 Million | 0.00% | 0.55x | $151.75 Million |
| Arizona Sonoran Copper Company Inc. (ASCUF) | $44.08 Million | -29.63% | 0.23x | $218.14 Million |
| Alta Copper Corp. (ATCUF) | $62.65 Million | -1.27% | 0.02x | $17.41 Million |
| Atalaya Mining Plc (ATLMF) | $435.90 Million | 30.66% | 0.34x | $433.10 Million |
| Bell Copper Corporation (BCUFF) | $9.40 Million | -12.90% | 0.16x | $2.22 Million |
| Giant Mining Corp. (BFGFF) | $824.41K | -253.66% | 0.31x | $18.49 Million |
| Blue River Resources Ltd (BRVRF) | $145.98K | -1083.66% | 2.72x | $704.59K |