Provenance Gold Corp
Provenance Gold Corp., an exploration company, engages in the acquisition, exploration and development of mineral properties in the United States. The company explores for gold deposit. It holds an option to acquire 100% interest in the White Rock property comprising 117 claims covering an area of approximately 2,396 acres located in the northeastern corner of Elko County, Nevada; and Eldorado Pr… Read more
Provenance Gold Corp (PVGDF) - Net Assets
Latest net assets as of September 2025: $8.24 Million USD
Based on the latest financial reports, Provenance Gold Corp (PVGDF) has net assets worth $8.24 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 ($8.76 Million) and total liabilities ($519.90K). 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 | $8.24 Million |
| % of Total Assets | 94.07% |
| Annual Growth Rate | 79.19% |
| 5-Year Change | 25404.06% |
| 10-Year Change | N/A |
| Growth Volatility | 4327.15 |
Provenance Gold Corp - Net Assets Trend (2017–2024)
This chart illustrates how Provenance Gold 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 Provenance Gold Corp (2017–2024)
The table below shows the annual net assets of Provenance Gold Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.14 Million | +113.36% |
| 2023-12-31 | $2.88 Million | +10.05% |
| 2022-12-31 | $2.61 Million | -8.61% |
| 2021-12-31 | $2.86 Million | +11785.93% |
| 2020-12-31 | $24.06K | +202.16% |
| 2019-12-31 | $-23.56K | -101.85% |
| 2018-12-31 | $1.27 Million | +1131.83% |
| 2017-12-31 | $103.43K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Provenance Gold 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 695801500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $13.71 Million | 223.45% |
| Total Equity | $6.14 Million | 100.00% |
Provenance Gold Corp Competitors by Market Cap
The table below lists competitors of Provenance Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seafire AB
ST:SEAF
|
$17.47 Million |
|
Primo Chemicals Limited
NSE:PRIMO
|
$17.47 Million |
|
Venu Holding Corporation
NYSE MKT:VENU
|
$17.47 Million |
|
YCQH Agricultural Technology Co. Ltd.
PINK:YCQH
|
$17.48 Million |
|
DT&CRO Co. Ltd.
KQ:383930
|
$17.45 Million |
|
Vakif Menkul Kiymet Yatirim Ortakligi AS
IS:VKFYO
|
$17.45 Million |
|
GURU Organic Energy Corp
PINK:GUROF
|
$17.44 Million |
|
Diatreme Resources Ltd
AU:DRX
|
$17.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Provenance Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,876,521 to 6,137,298, a change of 3,260,777 (113.4%).
- Net loss of 1,472,107 reduced equity.
- New share issuances of 2,412,850 increased equity.
- Other factors increased equity by 2,320,034.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.47 Million | -23.99% |
| Share Issuances | $2.41 Million | +39.31% |
| Other Changes | $2.32 Million | +37.8% |
| Total Change | $- | 113.36% |
Book Value vs Market Value Analysis
This analysis compares Provenance Gold 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: 2.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.50x to 2.35x 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 | $0.00 | $0.11 | x |
| 2018-12-31 | $0.04 | $0.11 | x |
| 2019-12-31 | $0.00 | $0.11 | x |
| 2020-12-31 | $0.00 | $0.11 | x |
| 2021-12-31 | $0.04 | $0.11 | x |
| 2022-12-31 | $0.03 | $0.11 | x |
| 2023-12-31 | $0.03 | $0.11 | x |
| 2024-12-31 | $0.04 | $0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Provenance Gold 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): -23.99%
- 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: 1.12x
- Recent ROE (-23.99%) is above the historical average (-289.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -317.31% | 0.00% | 0.00x | 7.85x | $-338.55K |
| 2018 | -23.64% | 0.00% | 0.00x | 1.06x | $-428.59K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.63 Million |
| 2020 | -1837.97% | 0.00% | 0.00x | 17.29x | $-444.70K |
| 2021 | -30.84% | 0.00% | 0.00x | 1.04x | $-1.17 Million |
| 2022 | -40.03% | 0.00% | 0.00x | 1.04x | $-1.31 Million |
| 2023 | -41.09% | 0.00% | 0.00x | 1.04x | $-1.47 Million |
| 2024 | -23.99% | 0.00% | 0.00x | 1.12x | $-2.09 Million |
Industry Comparison
This section compares Provenance Gold Corp'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 |
|---|---|---|---|---|
| Provenance Gold Corp (PVGDF) | $8.24 Million | -317.31% | 0.06x | $17.46 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 |