Galane Gold Ltd
Golconda Gold Ltd. explores, develops, and operates gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa; and the Summit Property in the United States. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. Golconda Gold Ltd. is based in Toronto, Canad… Read more
Galane Gold Ltd (GGGOF) - Net Assets
Latest net assets as of September 2025: $37.27 Million USD
Based on the latest financial reports, Galane Gold Ltd (GGGOF) has net assets worth $37.27 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 ($51.88 Million) and total liabilities ($14.61 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 | $37.27 Million |
| % of Total Assets | 71.84% |
| Annual Growth Rate | -0.54% |
| 5-Year Change | 26.35% |
| 10-Year Change | 36.35% |
| Growth Volatility | 36.6 |
Galane Gold Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Galane Gold 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 Galane Gold Ltd (2011–2024)
The table below shows the annual net assets of Galane Gold Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $30.09 Million | -3.73% |
| 2023-12-31 | $31.26 Million | -6.27% |
| 2022-12-31 | $33.35 Million | +5.23% |
| 2021-12-31 | $31.69 Million | +33.07% |
| 2020-12-31 | $23.81 Million | +84.34% |
| 2019-12-31 | $12.92 Million | -13.79% |
| 2018-12-31 | $14.98 Million | +6.34% |
| 2017-12-31 | $14.09 Million | -12.05% |
| 2016-12-31 | $16.02 Million | -27.39% |
| 2015-12-31 | $22.07 Million | -23.28% |
| 2014-12-31 | $28.76 Million | +8.03% |
| 2013-12-31 | $26.63 Million | -51.83% |
| 2012-12-31 | $55.27 Million | +71.29% |
| 2011-12-31 | $32.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Galane Gold 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 2277.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $61.04 Million | 202.86% |
| Total Equity | $30.09 Million | 100.00% |
Galane Gold Ltd Competitors by Market Cap
The table below lists competitors of Galane Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FN REPUBLIC Co. Ltd
KQ:064090
|
$12.24 Million |
|
Bangkok Lab & Cosmetic PCL
BK:BLC
|
$12.24 Million |
|
Diamond Citra Propertindo PT
JK:DADA
|
$12.24 Million |
|
Compania General de Electricidad SA
SN:CGE
|
$12.24 Million |
|
Senetas Corporation Ltd
AU:SEN
|
$12.23 Million |
|
Aqua Metals Inc
NASDAQ:AQMS
|
$12.23 Million |
|
FRENF
PINK:FRENF
|
$12.23 Million |
|
CUE Energy Resources Ltd
AU:CUE
|
$12.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Galane Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,255,549 to 30,088,850, a change of -1,166,699 (-3.7%).
- Net loss of 1,166,699 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.17 Million | -3.88% |
| Total Change | $- | -3.73% |
Book Value vs Market Value Analysis
This analysis compares Galane Gold 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: 0.50x
- 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 decreased from 2.17x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.10 | $0.21 | x |
| 2018-12-31 | $0.07 | $0.21 | x |
| 2019-12-31 | $0.06 | $0.21 | x |
| 2020-12-31 | $0.09 | $0.21 | x |
| 2021-12-31 | $0.09 | $0.21 | x |
| 2022-12-31 | $0.47 | $0.21 | x |
| 2023-12-31 | $0.44 | $0.21 | x |
| 2024-12-31 | $0.42 | $0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Galane Gold 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): -3.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.44%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.52x
- Recent ROE (-3.88%) is above the historical average (-13.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 4.40% | 4.98% | 0.54x | 1.64x | $-1.81 Million |
| 2012 | 31.61% | 21.25% | 1.14x | 1.30x | $11.95 Million |
| 2013 | -101.75% | -50.27% | 1.31x | 1.55x | $-29.75 Million |
| 2014 | 6.52% | 4.64% | 0.86x | 1.64x | $-1.00 Million |
| 2015 | -40.52% | -33.14% | 0.54x | 2.25x | $-10.84 Million |
| 2016 | -36.93% | -18.11% | 0.67x | 3.04x | $-7.52 Million |
| 2017 | -16.63% | -6.28% | 0.80x | 3.30x | $-3.75 Million |
| 2018 | -2.15% | -0.72% | 0.96x | 3.09x | $-1.82 Million |
| 2019 | -29.60% | -9.23% | 0.86x | 3.74x | $-5.12 Million |
| 2020 | 18.62% | 9.04% | 0.91x | 2.27x | $2.05 Million |
| 2021 | -12.47% | -134.52% | 0.05x | 1.85x | $-7.12 Million |
| 2022 | -2.91% | -7.37% | 0.31x | 1.28x | $-4.31 Million |
| 2023 | -6.88% | -22.95% | 0.22x | 1.36x | $-5.28 Million |
| 2024 | -3.88% | -8.44% | 0.30x | 1.52x | $-4.18 Million |
Industry Comparison
This section compares Galane Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Galane Gold Ltd (GGGOF) | $37.27 Million | 4.40% | 0.39x | $12.23 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |