Harvest Gold Corporation
Harvest Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of natural resources properties in Canada. It explores for copper-gold porphyry projects. The company's flagship property is the Mosseau Gold Project which consists of 147 claims covering an area of 7265.88 hectares located in the Abitibi Region of Quebec. Harvest Gold Corporation is he… Read more
Harvest Gold Corporation (HVGDF) - Net Assets
Latest net assets as of December 2025: $3.59 Million USD
Based on the latest financial reports, Harvest Gold Corporation (HVGDF) has net assets worth $3.59 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.95 Million) and total liabilities ($362.63K). 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 | $3.59 Million |
| % of Total Assets | 90.82% |
| Annual Growth Rate | -7.15% |
| 5-Year Change | -24.66% |
| 10-Year Change | N/A |
| Growth Volatility | 141.57 |
Harvest Gold Corporation - Net Assets Trend (2006–2025)
This chart illustrates how Harvest Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harvest Gold Corporation (2006–2025)
The table below shows the annual net assets of Harvest Gold Corporation from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $737.21K | -71.37% |
| 2024-03-31 | $2.57 Million | -12.99% |
| 2023-03-31 | $2.96 Million | -12.81% |
| 2022-03-31 | $3.39 Million | +246.88% |
| 2021-03-31 | $978.46K | +395.64% |
| 2020-03-31 | $197.41K | -90.54% |
| 2019-03-31 | $2.09 Million | +339.73% |
| 2018-03-31 | $474.51K | -70.02% |
| 2017-03-31 | $1.58 Million | +8203.00% |
| 2016-03-31 | $-19.54K | -102.99% |
| 2015-03-31 | $652.99K | +8.74% |
| 2014-03-31 | $600.50K | -74.56% |
| 2013-03-31 | $2.36 Million | -8.16% |
| 2012-03-31 | $2.57 Million | -6.73% |
| 2011-03-31 | $2.76 Million | +64.22% |
| 2010-03-31 | $1.68 Million | -73.32% |
| 2009-03-31 | $6.29 Million | -7.58% |
| 2008-03-31 | $6.81 Million | +56.10% |
| 2007-03-31 | $4.36 Million | +44.40% |
| 2006-03-31 | $3.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harvest Gold Corporation'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 2027004700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.38 Million | 2629.46% |
| Other Components | $2.31 Million | 313.32% |
| Total Equity | $737.21K | 100.00% |
Harvest Gold Corporation Competitors by Market Cap
The table below lists competitors of Harvest Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Myeco Group Ltd
F:MZ60
|
$1.46 Million |
|
Kaushalya Infrastructure Development Corporation Limited
NSE:KAUSHALYA
|
$1.46 Million |
|
Yunhong Green CTI Ltd.
NASDAQ:YHGJ
|
$1.46 Million |
|
GATX (GAX.SG)
STU:GAX
|
$1.46 Million |
|
Solid Clouds hf
IC:SOLID
|
$1.46 Million |
|
ADS Maritime Holding Plc
OL:ADS
|
$1.46 Million |
|
STME
PINK:STME
|
$1.46 Million |
|
DIANOMI PLC LS -002
F:3NJ
|
$1.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvest Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,574,821 to 737,207, a change of -1,837,614 (-71.4%).
- Net loss of 1,829,335 reduced equity.
- New share issuances of 657,230 increased equity.
- Other comprehensive income decreased equity by 2,269,053.
- Other factors increased equity by 1,603,544.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.83 Million | -248.14% |
| Share Issuances | $657.23K | +89.15% |
| Other Comprehensive Income | $-2.27 Million | -307.79% |
| Other Changes | $1.60 Million | +217.52% |
| Total Change | $- | -71.37% |
Book Value vs Market Value Analysis
This analysis compares Harvest Gold Corporation'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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | $55.10 | $0.02 | x |
| 2007-03-31 | $17.94 | $0.02 | x |
| 2008-03-31 | $18.98 | $0.02 | x |
| 2009-03-31 | $14.55 | $0.02 | x |
| 2010-03-31 | $3.77 | $0.02 | x |
| 2011-03-31 | $4.67 | $0.02 | x |
| 2012-03-31 | $3.68 | $0.02 | x |
| 2013-03-31 | $3.38 | $0.02 | x |
| 2014-03-31 | $0.78 | $0.02 | x |
| 2015-03-31 | $0.81 | $0.02 | x |
| 2016-03-31 | $-0.02 | $0.02 | x |
| 2017-03-31 | $0.31 | $0.02 | x |
| 2018-03-31 | $0.09 | $0.02 | x |
| 2019-03-31 | $0.28 | $0.02 | x |
| 2020-03-31 | $0.02 | $0.02 | x |
| 2021-03-31 | $0.08 | $0.02 | x |
| 2022-03-31 | $0.13 | $0.02 | x |
| 2023-03-31 | $0.08 | $0.02 | x |
| 2024-03-31 | $0.07 | $0.02 | x |
| 2025-03-31 | $0.01 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvest Gold Corporation 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): -248.14%
- 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: 1.39x
- Recent ROE (-248.14%) is below the historical average (-116.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -22.75% | 0.00% | 0.00x | 1.03x | $-988.99K |
| 2007 | -12.22% | 0.00% | 0.00x | 1.03x | $-969.07K |
| 2008 | -8.51% | 0.00% | 0.00x | 1.06x | $-1.26 Million |
| 2009 | -12.26% | 0.00% | 0.00x | 1.02x | $-1.40 Million |
| 2010 | -283.63% | 0.00% | 0.00x | 1.17x | $-4.93 Million |
| 2011 | -53.26% | 0.00% | 0.00x | 1.08x | $-1.74 Million |
| 2012 | -7.62% | 0.00% | 0.00x | 1.05x | $-453.06K |
| 2013 | -8.77% | 0.00% | 0.00x | 1.06x | $-443.09K |
| 2014 | -306.74% | 0.00% | 0.00x | 1.23x | $-1.90 Million |
| 2015 | 8.02% | 0.00% | 0.00x | 1.14x | $-12.95K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-671.05K |
| 2017 | -31.96% | 0.00% | 0.00x | 1.09x | $-664.30K |
| 2018 | -248.80% | 0.00% | 0.00x | 1.29x | $-1.23 Million |
| 2019 | -44.40% | 0.00% | 0.00x | 1.03x | $-1.14 Million |
| 2020 | -956.95% | 0.00% | 0.00x | 1.51x | $-1.91 Million |
| 2021 | -51.51% | 0.00% | 0.00x | 1.15x | $-601.89K |
| 2022 | -17.50% | 0.00% | 0.00x | 1.03x | $-933.38K |
| 2023 | -14.69% | 0.00% | 0.00x | 1.03x | $-730.75K |
| 2024 | -18.02% | 0.00% | 0.00x | 1.08x | $-721.48K |
| 2025 | -248.14% | 0.00% | 0.00x | 1.39x | $-1.90 Million |
Industry Comparison
This section compares Harvest Gold Corporation'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 |
|---|---|---|---|---|
| Harvest Gold Corporation (HVGDF) | $3.59 Million | -22.75% | 0.10x | $1.46 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 |