Golden Spike Resources Corp.
Golden Spike Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for copper and gold deposits. The company has an option to acquire a 100% interest in the Gregory River property that includes 4 mineral claims covering an area of approximately 5,175 hectares located in western portion of the island of N… Read more
Golden Spike Resources Corp. (GSPRF) - Net Assets
Latest net assets as of November 2025: $6.50 Million USD
Based on the latest financial reports, Golden Spike Resources Corp. (GSPRF) has net assets worth $6.50 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.57 Million) and total liabilities ($64.02K). 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 | $6.50 Million |
| % of Total Assets | 99.03% |
| Annual Growth Rate | 132.6% |
| 5-Year Change | 3308.64% |
| 10-Year Change | N/A |
| Growth Volatility | 901.0 |
Golden Spike Resources Corp. - Net Assets Trend (2020–2025)
This chart illustrates how Golden Spike Resources 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 Golden Spike Resources Corp. (2020–2025)
The table below shows the annual net assets of Golden Spike Resources Corp. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $6.57 Million | +38.58% |
| 2024-08-31 | $4.74 Million | +11.72% |
| 2023-08-31 | $4.24 Million | -7.73% |
| 2022-08-31 | $4.60 Million | +2286.23% |
| 2021-08-31 | $192.64K | +99.61% |
| 2020-08-31 | $96.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Spike Resources 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 343429000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $10.04 Million | 152.86% |
| Total Equity | $6.57 Million | 100.00% |
Golden Spike Resources Corp. Competitors by Market Cap
The table below lists competitors of Golden Spike Resources Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PROTON MOT.PWR S.LS-005
F:P6K0
|
$544.51K |
|
OCI COMPANY (NEW)
KQ:456040
|
$544.94K |
|
Xigem Technologies Corporation
PINK:XIGMF
|
$544.97K |
|
Viracta Therapeutics Inc
NASDAQ:VIRX
|
$545.23K |
|
Hamashbir 365 Holdings Ltd
TA:MSBI
|
$544.24K |
|
Flying Spark Ltd
TA:FLYS
|
$544.18K |
|
ALTEN (AN3.SG)
STU:AN3
|
$544.17K |
|
Mia Dynamics Motors Ltd
TA:MIA
|
$543.94K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Spike Resources Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,738,489 to 6,566,445, a change of 1,827,956 (38.6%).
- Net loss of 436,851 reduced equity.
- New share issuances of 2,727,750 increased equity.
- Other factors decreased equity by 462,943.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-436.85K | -6.65% |
| Share Issuances | $2.73 Million | +41.54% |
| Other Changes | $-462.94K | -7.05% |
| Total Change | $- | 38.58% |
Book Value vs Market Value Analysis
This analysis compares Golden Spike Resources 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: 0.11x
- 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 2.50x to 0.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | $0.00 | $0.01 | x |
| 2021-08-31 | $0.01 | $0.01 | x |
| 2022-08-31 | $0.14 | $0.01 | x |
| 2023-08-31 | $0.12 | $0.01 | x |
| 2024-08-31 | $0.11 | $0.01 | x |
| 2025-08-31 | $0.11 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Spike Resources 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): -6.65%
- 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: 1.03x
- Recent ROE (-6.65%) is above the historical average (-31.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -88.31% | 0.00% | 0.00x | 1.56x | $-189.39K |
| 2022 | -20.27% | 0.00% | 0.00x | 1.03x | $-1.39 Million |
| 2023 | -25.36% | 0.00% | 0.00x | 1.01x | $-1.50 Million |
| 2024 | -17.30% | 0.00% | 0.00x | 1.02x | $-1.29 Million |
| 2025 | -6.65% | 0.00% | 0.00x | 1.03x | $-1.09 Million |
Industry Comparison
This section compares Golden Spike Resources 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 |
|---|---|---|---|---|
| Golden Spike Resources Corp. (GSPRF) | $6.50 Million | -88.31% | 0.01x | $544.43K |
| 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 |