Golden Lake Exploration Inc
Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets in the United States. The company primarily explores for gold deposits. Its flagship project is the Jewel Ridge project located in Eureka County, Nevada. The company was incorporated in 2018 and is based in Vancouver, Canada.
Golden Lake Exploration Inc (GOLXF) - Net Assets
Latest net assets as of August 2025: $10.51 Million USD
Based on the latest financial reports, Golden Lake Exploration Inc (GOLXF) has net assets worth $10.51 Million USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.12 Million) and total liabilities ($608.85K). 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 | $10.51 Million |
| % of Total Assets | 94.52% |
| Annual Growth Rate | 100.72% |
| 5-Year Change | 366.69% |
| 10-Year Change | N/A |
| Growth Volatility | 6828.13 |
Golden Lake Exploration Inc - Net Assets Trend (2018–2024)
This chart illustrates how Golden Lake Exploration Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golden Lake Exploration Inc (2018–2024)
The table below shows the annual net assets of Golden Lake Exploration Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $10.77 Million | +9.95% |
| 2023-11-30 | $9.79 Million | -9.79% |
| 2022-11-30 | $10.86 Million | -10.60% |
| 2021-11-30 | $12.14 Million | +426.30% |
| 2020-11-30 | $2.31 Million | +18380.94% |
| 2019-11-30 | $12.48K | -92.41% |
| 2018-11-30 | $164.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Lake Exploration 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 726945100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $18.14 Million | 168.44% |
| Total Equity | $10.77 Million | 100.00% |
Golden Lake Exploration Inc Competitors by Market Cap
The table below lists competitors of Golden Lake Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Park & Bellheimer AG
F:PKB
|
$2.38 Million |
|
Menteng Heritage Realty Tbk PT
JK:HRME
|
$2.38 Million |
|
CannaPharmaRx Inc
PINK:CPMD
|
$2.39 Million |
|
Pearl Gull Iron Ltd
AU:PLG
|
$2.39 Million |
|
INSULET
BE:GOV
|
$2.38 Million |
|
Pheton Holdings Ltd Class A Ordinary Shares
NASDAQ:PTHL
|
$2.38 Million |
|
Canlan Ice Sports Corp
PINK:CNLFF
|
$2.38 Million |
|
Bounty Oil & Gas NL
PINK:BYOGF
|
$2.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Lake Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,792,510 to 10,767,193, a change of 974,683 (10.0%).
- Net loss of 833,492 reduced equity.
- New share issuances of 1,671,750 increased equity.
- Other factors increased equity by 136,425.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-833.49K | -7.74% |
| Share Issuances | $1.67 Million | +15.53% |
| Other Changes | $136.43K | +1.27% |
| Total Change | $- | 9.95% |
Book Value vs Market Value Analysis
This analysis compares Golden Lake Exploration 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: 0.23x
- 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 1.88x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-11-30 | $0.01 | $0.03 | x |
| 2019-11-30 | $0.00 | $0.03 | x |
| 2020-11-30 | $0.07 | $0.03 | x |
| 2021-11-30 | $0.19 | $0.03 | x |
| 2022-11-30 | $0.17 | $0.03 | x |
| 2023-11-30 | $0.15 | $0.03 | x |
| 2024-11-30 | $0.11 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Lake Exploration 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): -7.74%
- 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: 1.02x
- Recent ROE (-7.74%) is above the historical average (-674.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -3955.03% | 0.00% | 0.00x | 12.66x | $-494.99K |
| 2020 | -37.69% | 0.00% | 0.00x | 1.02x | $-1.10 Million |
| 2021 | -15.26% | 0.00% | 0.00x | 1.01x | $-3.07 Million |
| 2022 | -16.50% | 0.00% | 0.00x | 1.00x | $-2.88 Million |
| 2023 | -12.71% | 0.00% | 0.00x | 1.01x | $-2.22 Million |
| 2024 | -7.74% | 0.00% | 0.00x | 1.02x | $-1.91 Million |
Industry Comparison
This section compares Golden Lake Exploration Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,891,869
- Average return on equity (ROE) among peers: -95.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Lake Exploration Inc (GOLXF) | $10.51 Million | -3955.03% | 0.06x | $2.38 Million |
| Asia Broadband Inc (AABB) | $204.90K | -396.88% | 2.89x | $231.65 |
| Altair Resources Inc (AAEEF) | $-288.26K | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $-71.30K | 0.00% | 0.00x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $31.17 Million | -4.21% | 0.19x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $3.76 Million | -50.20% | 0.18x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-742.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $5.68 Million | -407.57% | 1.10x | $14.34 Million |