Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's primary asset includes the 100% owned Spanish Mountain gold project that comprises approximately 53 contiguous mineral claims and 15 placer claims covering an area of approximately 13,598 hectares located in the Cariboo r… Read more
Spanish Mountain Gold Ltd. (SPAUF) - Net Assets
Latest net assets as of September 2025: $110.27 Million USD
Based on the latest financial reports, Spanish Mountain Gold Ltd. (SPAUF) has net assets worth $110.27 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 ($111.87 Million) and total liabilities ($1.60 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 | $110.27 Million |
| % of Total Assets | 98.57% |
| Annual Growth Rate | 3.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.37 |
Spanish Mountain Gold Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how Spanish Mountain 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 Spanish Mountain Gold Ltd. (2020–2024)
The table below shows the annual net assets of Spanish Mountain Gold Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $104.99 Million | +8.73% |
| 2023-12-31 | $96.56 Million | +4.48% |
| 2022-12-31 | $92.42 Million | +0.79% |
| 2021-12-31 | $91.70 Million | +0.37% |
| 2020-12-31 | $91.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spanish Mountain 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 544906200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $123.96 Million | 118.07% |
| Total Equity | $104.99 Million | 100.00% |
Spanish Mountain Gold Ltd. Competitors by Market Cap
The table below lists competitors of Spanish Mountain Gold Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LTR Pharma Ltd
AU:LTP
|
$28.26 Million |
|
Molinos Juan Semino SA
BA:SEMI
|
$28.26 Million |
|
Live Verdure Ltd
AU:LV1
|
$28.27 Million |
|
Advagene Biopharma Co. Ltd.
TWO:6709
|
$28.27 Million |
|
TIL Limited
NSE:TIL
|
$28.24 Million |
|
ProMIS Neurosciences Inc.
NASDAQ:PMN
|
$28.24 Million |
|
Lien Chang Electronic Enterprise Co Ltd
TW:2431
|
$28.24 Million |
|
Spir Group ASA
OL:SPIR
|
$28.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spanish Mountain Gold Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 96,558,477 to 104,985,412, a change of 8,426,935 (8.7%).
- Net loss of 2,465,246 reduced equity.
- New share issuances of 11,809,984 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.47 Million | -2.35% |
| Share Issuances | $11.81 Million | +11.25% |
| Other Changes | $-917.80K | -0.87% |
| Total Change | $- | 8.73% |
Book Value vs Market Value Analysis
This analysis compares Spanish Mountain 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: 0.34x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.28 | $0.08 | x |
| 2021-12-31 | $0.27 | $0.08 | x |
| 2022-12-31 | $0.27 | $0.08 | x |
| 2023-12-31 | $0.26 | $0.08 | x |
| 2024-12-31 | $0.24 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spanish Mountain 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): -2.35%
- 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 (-2.35%) is below the historical average (-1.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -0.82% | 0.00% | 0.00x | 1.03x | $-9.88 Million |
| 2021 | -1.05% | 0.00% | 0.00x | 1.02x | $-10.14 Million |
| 2022 | -0.95% | 0.00% | 0.00x | 1.02x | $-10.12 Million |
| 2023 | -2.22% | 0.00% | 0.00x | 1.01x | $-11.80 Million |
| 2024 | -2.35% | 0.00% | 0.00x | 1.02x | $-12.96 Million |
Industry Comparison
This section compares Spanish Mountain 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 |
|---|---|---|---|---|
| Spanish Mountain Gold Ltd. (SPAUF) | $110.27 Million | -0.82% | 0.01x | $28.25 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 |