Wesdome Gold Mines Ltd
Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments. It holds 100% interest in the Eagle River Mine consisting of 3 contiguous mining leases and 426 contiguous active mining claims covering an area of approximately 7,958 hectares located in Wawa, Ontario; and the Kiena Mine in Val d'or, Québec. T… Read more
Wesdome Gold Mines Ltd (WDOFF) - Net Assets
Latest net assets as of June 2025: $735.42 Million USD
Based on the latest financial reports, Wesdome Gold Mines Ltd (WDOFF) has net assets worth $735.42 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($933.00 Million) and total liabilities ($197.58 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 | $735.42 Million |
| % of Total Assets | 78.82% |
| Annual Growth Rate | 12.56% |
| 5-Year Change | 117.16% |
| 10-Year Change | 473.7% |
| Growth Volatility | 20.92 |
Wesdome Gold Mines Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Wesdome Gold Mines 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 Wesdome Gold Mines Ltd (2006–2024)
The table below shows the annual net assets of Wesdome Gold Mines Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $570.82 Million | +33.59% |
| 2023-12-31 | $427.30 Million | +7.22% |
| 2022-12-31 | $398.52 Million | +0.85% |
| 2021-12-31 | $395.18 Million | +50.34% |
| 2020-12-31 | $262.85 Million | +27.29% |
| 2019-12-31 | $206.50 Million | +31.36% |
| 2018-12-31 | $157.21 Million | +13.74% |
| 2017-12-31 | $138.22 Million | +8.49% |
| 2016-12-31 | $127.40 Million | +28.04% |
| 2015-12-31 | $99.50 Million | +20.37% |
| 2014-12-31 | $82.66 Million | +4.17% |
| 2013-12-31 | $79.35 Million | -7.36% |
| 2012-12-31 | $85.66 Million | -32.19% |
| 2011-12-31 | $126.32 Million | -0.18% |
| 2010-12-31 | $126.55 Million | +8.50% |
| 2009-12-31 | $116.63 Million | +54.72% |
| 2008-12-31 | $75.38 Million | -9.63% |
| 2007-12-31 | $83.42 Million | +22.96% |
| 2006-12-31 | $67.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wesdome Gold Mines 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 grown by 31628300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $316.28 Million | 55.41% |
| Other Components | $254.53 Million | 44.59% |
| Total Equity | $570.82 Million | 100.00% |
Wesdome Gold Mines Ltd Competitors by Market Cap
The table below lists competitors of Wesdome Gold Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Micronics Japan Co., Ltd.
PINK:MJPNF
|
$1.66 Billion |
|
SpareBank 1 SMN
PINK:SRMGF
|
$1.66 Billion |
|
Challenger Limited
PINK:CFIGF
|
$1.66 Billion |
|
Redington Limited
NSE:REDINGTON
|
$1.66 Billion |
|
City Holding Company
NASDAQ:CHCO
|
$1.66 Billion |
|
Investment AB Latour (publ)
OTCGREY:IVTBF
|
$1.66 Billion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
$1.65 Billion |
|
Almonty Industries Inc. Common Shares
NASDAQ:ALM
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wesdome Gold Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 427,300,000 to 570,818,000, a change of 143,518,000 (33.6%).
- Net income of 135,471,000 contributed positively to equity growth.
- Other factors increased equity by 8,047,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $135.47 Million | +23.73% |
| Other Changes | $8.05 Million | +1.41% |
| Total Change | $- | 33.59% |
Book Value vs Market Value Analysis
This analysis compares Wesdome Gold Mines 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: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $10.99 | x |
| 2016-12-31 | $0.00 | $10.99 | x |
| 2017-12-31 | $1.03 | $10.99 | x |
| 2018-12-31 | $1.16 | $10.99 | x |
| 2019-12-31 | $1.50 | $10.99 | x |
| 2020-12-31 | $1.89 | $10.99 | x |
| 2021-12-31 | $2.79 | $10.99 | x |
| 2022-12-31 | $2.77 | $10.99 | x |
| 2023-12-31 | $2.87 | $10.99 | x |
| 2024-12-31 | $3.81 | $10.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wesdome Gold Mines 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): 23.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.27%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.31x
- Recent ROE (23.73%) is above the historical average (7.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.32x | 1.22x | $-6.75 Million |
| 2007 | 0.00% | 0.00% | 0.51x | 1.32x | $-8.24 Million |
| 2008 | 10.31% | 11.66% | 0.70x | 1.27x | $229.95K |
| 2009 | 26.40% | 31.15% | 0.72x | 1.18x | $18.99 Million |
| 2010 | 2.98% | 4.18% | 0.58x | 1.24x | $-8.83 Million |
| 2011 | 0.35% | 0.56% | 0.52x | 1.18x | $-12.13 Million |
| 2012 | 0.00% | 0.00% | 0.85x | 1.29x | $-8.52 Million |
| 2013 | -4.41% | -4.65% | 0.77x | 1.23x | $-11.40 Million |
| 2014 | 12.39% | 14.44% | 0.71x | 1.21x | $1.98 Million |
| 2015 | -4.72% | -6.40% | 0.57x | 1.29x | $-14.65 Million |
| 2016 | 6.11% | 9.27% | 0.52x | 1.28x | $-4.95 Million |
| 2017 | 0.93% | 1.34% | 0.53x | 1.30x | $-12.54 Million |
| 2018 | 9.45% | 12.80% | 0.55x | 1.33x | $-862.90K |
| 2019 | 19.83% | 24.97% | 0.57x | 1.38x | $20.29 Million |
| 2020 | 19.29% | 23.54% | 0.60x | 1.36x | $24.43 Million |
| 2021 | 33.22% | 49.94% | 0.47x | 1.40x | $91.77 Million |
| 2022 | -3.69% | -5.54% | 0.43x | 1.55x | $-54.56 Million |
| 2023 | -1.45% | -1.86% | 0.54x | 1.45x | $-48.92 Million |
| 2024 | 23.73% | 24.27% | 0.75x | 1.31x | $78.39 Million |
Industry Comparison
This section compares Wesdome Gold Mines 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 |
|---|---|---|---|---|
| Wesdome Gold Mines Ltd (WDOFF) | $735.42 Million | 0.00% | 0.27x | $1.66 Billion |
| 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 |