Argo Gold Inc
Argo Gold Inc. engages in the acquisition, exploration, development, and production of mineral properties in Canada. It primarily explores for gold, silver, nickel, copper, platinum group metals, cobalt, lead, zinc, and uranium deposits. The company was formerly known as Arbitrage Exploration Inc. and changed its name to Argo Gold Inc. in September 2016. Argo Gold Inc. was incorporated in 1995 an… Read more
Argo Gold Inc (ARBTF) - Net Assets
Latest net assets as of September 2025: $1.42 Million USD
Based on the latest financial reports, Argo Gold Inc (ARBTF) has net assets worth $1.42 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 ($3.18 Million) and total liabilities ($1.76 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 | $1.42 Million |
| % of Total Assets | 44.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | -62.79% |
| 10-Year Change | 708.49% |
| Growth Volatility | 196.16 |
Argo Gold Inc - Net Assets Trend (2001–2024)
This chart illustrates how Argo Gold 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 Argo Gold Inc (2001–2024)
The table below shows the annual net assets of Argo Gold Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.47 Million | +55.20% |
| 2023-12-31 | $949.13K | +54.65% |
| 2022-12-31 | $613.73K | -70.22% |
| 2021-12-31 | $2.06 Million | -47.94% |
| 2020-12-31 | $3.96 Million | +364.25% |
| 2019-12-31 | $852.75K | -58.88% |
| 2018-12-31 | $2.07 Million | +60.52% |
| 2017-12-31 | $1.29 Million | +188.93% |
| 2016-12-31 | $447.16K | +145.42% |
| 2015-12-31 | $182.20K | -0.29% |
| 2014-12-31 | $182.72K | -33.74% |
| 2013-12-31 | $275.75K | +133.14% |
| 2012-12-31 | $-832.20K | -34.71% |
| 2011-12-31 | $-617.76K | -124.22% |
| 2010-12-31 | $-275.51K | +72.35% |
| 2009-12-31 | $-996.52K | +4.43% |
| 2008-12-31 | $-1.04 Million | -25.22% |
| 2007-12-31 | $-832.73K | -73.88% |
| 2006-12-31 | $-478.90K | -70.71% |
| 2005-12-31 | $-280.54K | -154.84% |
| 2004-12-31 | $511.54K | +117.72% |
| 2003-12-31 | $234.95K | +634.31% |
| 2002-12-31 | $32.00K | +102.89% |
| 2001-12-31 | $-1.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argo Gold 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 872655100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.65 Million | 1062.32% |
| Total Equity | $1.47 Million | 100.00% |
Argo Gold Inc Competitors by Market Cap
The table below lists competitors of Argo Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trek Resources Inc
PINK:TRKX
|
$3.73 Million |
|
SINTEZA S.A.
RO:STZ
|
$3.73 Million |
|
BTM Resources Bhd
KLSE:7188
|
$3.73 Million |
|
Golden Land Bhd
KLSE:7382
|
$3.73 Million |
|
World Technology Corp
PINK:HLOC
|
$3.73 Million |
|
BitFuFu Inc. Warrant
NASDAQ:FUFUW
|
$3.73 Million |
|
Widad Group Bhd
KLSE:0162
|
$3.73 Million |
|
Heliogen Inc
OTCQX:HLGN
|
$3.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argo Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 949,127 to 1,473,069, a change of 523,942 (55.2%).
- Net income of 437,084 contributed positively to equity growth.
- Share repurchases of 23,142 reduced equity.
- Other factors increased equity by 110,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $437.08K | +29.67% |
| Share Repurchases | $23.14K | -1.57% |
| Other Changes | $110.00K | +7.47% |
| Total Change | $- | 55.20% |
Book Value vs Market Value Analysis
This analysis compares Argo Gold 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: 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 |
|---|---|---|---|
| 2001-12-31 | $-1.72 | $0.06 | x |
| 2002-12-31 | $0.03 | $0.06 | x |
| 2003-12-31 | $0.15 | $0.06 | x |
| 2004-12-31 | $0.22 | $0.06 | x |
| 2005-12-31 | $-0.09 | $0.06 | x |
| 2006-12-31 | $-0.13 | $0.06 | x |
| 2007-12-31 | $-0.23 | $0.06 | x |
| 2008-12-31 | $-0.29 | $0.06 | x |
| 2009-12-31 | $-0.26 | $0.06 | x |
| 2010-12-31 | $-0.05 | $0.06 | x |
| 2011-12-31 | $-0.04 | $0.06 | x |
| 2012-12-31 | $-0.06 | $0.06 | x |
| 2013-12-31 | $0.04 | $0.06 | x |
| 2014-12-31 | $0.02 | $0.06 | x |
| 2015-12-31 | $0.01 | $0.06 | x |
| 2016-12-31 | $0.03 | $0.06 | x |
| 2017-12-31 | $0.05 | $0.06 | x |
| 2018-12-31 | $0.07 | $0.06 | x |
| 2019-12-31 | $0.02 | $0.06 | x |
| 2020-12-31 | $0.08 | $0.06 | x |
| 2021-12-31 | $0.03 | $0.06 | x |
| 2022-12-31 | $0.01 | $0.06 | x |
| 2023-12-31 | $0.01 | $0.06 | x |
| 2024-12-31 | $0.02 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argo Gold 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): 29.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.50%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.24x
- Recent ROE (29.67%) is above the historical average (-106.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-60.43K |
| 2002 | -1522.14% | 0.00% | 0.00x | 14.42x | $-490.22K |
| 2003 | -197.59% | 0.00% | 0.00x | 2.40x | $-487.73K |
| 2004 | -124.66% | 0.00% | 0.00x | 1.45x | $-688.86K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.05 Million |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-150.50K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-270.56K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-105.68K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $105.46K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-110.94K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-388.97K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-131.22K |
| 2013 | 22.49% | 0.00% | 0.00x | 1.26x | $34.43K |
| 2014 | -50.91% | 0.00% | 0.00x | 1.65x | $-111.30K |
| 2015 | -52.41% | 0.00% | 0.00x | 1.69x | $-113.70K |
| 2016 | -68.23% | 0.00% | 0.00x | 1.69x | $-349.81K |
| 2017 | -52.25% | 0.00% | 0.00x | 1.08x | $-804.33K |
| 2018 | -16.88% | 0.00% | 0.00x | 1.28x | $-557.52K |
| 2019 | -143.70% | 0.00% | 0.00x | 1.32x | $-1.31 Million |
| 2020 | -5.22% | 0.00% | 0.00x | 1.09x | $-602.43K |
| 2021 | -105.59% | 0.00% | 0.00x | 1.04x | $-2.38 Million |
| 2022 | -235.81% | 0.00% | 0.00x | 1.78x | $-1.51 Million |
| 2023 | -29.50% | -29.39% | 0.34x | 2.92x | $-374.92K |
| 2024 | 29.67% | 19.50% | 0.68x | 2.24x | $289.78K |
Industry Comparison
This section compares Argo Gold Inc'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 |
|---|---|---|---|---|
| Argo Gold Inc (ARBTF) | $1.42 Million | 0.00% | 1.24x | $3.73 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 |