Mineros S.A.
Mineros S.A. engages in the exploration, development, and production of gold in Central and South America. It explores for gold and silver deposits. The company holds an interest in the Nechí Alluvial Property covering an area of 473 square kilometers located in the Lower Cauca Region of Antioquia in northwestern Colombia; the Hemco Property that covers an area of 2,270 hectares located in Bonanz… Read more
Mineros S.A. (MNSAF) - Net Assets
Latest net assets as of September 2025: $500.87 Million USD
Based on the latest financial reports, Mineros S.A. (MNSAF) has net assets worth $500.87 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 ($733.39 Million) and total liabilities ($232.53 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 | $500.87 Million |
| % of Total Assets | 68.29% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 39.97% |
| 10-Year Change | 150.5% |
| Growth Volatility | 15.44 |
Mineros S.A. - Net Assets Trend (2009–2025)
This chart illustrates how Mineros S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mineros S.A. (2009–2025)
The table below shows the annual net assets of Mineros S.A. from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $514.42 Million | +25.91% |
| 2024-12-31 | $408.55 Million | +18.23% |
| 2023-12-31 | $345.56 Million | -0.29% |
| 2022-12-31 | $346.55 Million | -5.71% |
| 2021-12-31 | $367.53 Million | +19.31% |
| 2020-12-31 | $308.04 Million | +11.18% |
| 2019-12-31 | $277.07 Million | +13.38% |
| 2018-12-31 | $244.37 Million | +8.43% |
| 2017-12-31 | $225.36 Million | +9.74% |
| 2016-12-31 | $205.36 Million | +10.09% |
| 2015-12-31 | $186.54 Million | -30.04% |
| 2014-12-31 | $266.65 Million | -10.22% |
| 2013-12-31 | $297.00 Million | -1.84% |
| 2012-12-31 | $302.57 Million | +31.57% |
| 2011-12-31 | $229.98 Million | +15.73% |
| 2010-12-31 | $198.71 Million | +30.03% |
| 2009-12-31 | $152.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mineros S.A.'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 178.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $156.35 Million | 30.39% |
| Common Stock | $44.05K | 0.01% |
| Other Comprehensive Income | $327.80 Million | 63.72% |
| Other Components | $30.23 Million | 5.88% |
| Total Equity | $514.41 Million | 100.00% |
Mineros S.A. Competitors by Market Cap
The table below lists competitors of Mineros S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alchera Inc.
KQ:347860
|
$39.20 Million |
|
RoyalTek Co Ltd
TWO:3306
|
$39.20 Million |
|
Netas Telekomunikasyon AS
IS:NETAS
|
$39.20 Million |
|
Everspring Industry Co Ltd
TW:2390
|
$39.21 Million |
|
Borders & Southern Petroleum plc
PINK:BDRSF
|
$39.19 Million |
|
Kuangli Photoelectric Technology Co Ltd
TW:6431
|
$39.19 Million |
|
Daehan New Pharm Co. Ltd
KQ:054670
|
$39.18 Million |
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$39.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mineros S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 408,552,000 to 514,414,475, a change of 105,862,475 (25.9%).
- Net income of 155,664,639 contributed positively to equity growth.
- Dividend payments of 31,965,235 reduced retained earnings.
- Share repurchases of 12,921,590 reduced equity.
- Other comprehensive income increased equity by 36,296,225.
- Other factors decreased equity by 41,211,564.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $155.66 Million | +30.26% |
| Dividends Paid | $31.97 Million | -6.21% |
| Share Repurchases | $12.92 Million | -2.51% |
| Other Comprehensive Income | $36.30 Million | +7.06% |
| Other Changes | $-41.21 Million | -8.01% |
| Total Change | $- | 25.91% |
Book Value vs Market Value Analysis
This analysis compares Mineros S.A.'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: 0.81x
- 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 2.39x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $0.58 | $1.40 | x |
| 2010-12-31 | $0.76 | $1.40 | x |
| 2011-12-31 | $0.88 | $1.40 | x |
| 2012-12-31 | $1.16 | $1.40 | x |
| 2013-12-31 | $1.12 | $1.40 | x |
| 2014-12-31 | $1.01 | $1.40 | x |
| 2015-12-31 | $0.70 | $1.40 | x |
| 2016-12-31 | $0.78 | $1.40 | x |
| 2017-12-31 | $0.86 | $1.40 | x |
| 2018-12-31 | $0.93 | $1.40 | x |
| 2019-12-31 | $1.06 | $1.40 | x |
| 2020-12-31 | $1.18 | $1.40 | x |
| 2021-12-31 | $1.39 | $1.40 | x |
| 2022-12-31 | $1.16 | $1.40 | x |
| 2023-12-31 | $1.15 | $1.40 | x |
| 2024-12-31 | $1.36 | $1.40 | x |
| 2025-12-31 | $1.72 | $1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mineros S.A. 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): 30.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.13%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.46x
- Recent ROE (30.26%) is above the historical average (17.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 36.78% | 59.57% | 0.54x | 1.15x | $40.93 Million |
| 2010 | 24.14% | 37.29% | 0.58x | 1.11x | $28.10 Million |
| 2011 | 26.46% | 32.63% | 0.69x | 1.18x | $37.85 Million |
| 2012 | 24.62% | 36.68% | 0.59x | 1.14x | $44.25 Million |
| 2013 | 7.51% | 9.44% | 0.56x | 1.41x | $-7.30 Million |
| 2014 | 7.16% | 9.72% | 0.54x | 1.36x | $-7.54 Million |
| 2015 | 10.63% | 10.52% | 0.60x | 1.68x | $1.17 Million |
| 2016 | 14.36% | 12.84% | 0.72x | 1.56x | $8.92 Million |
| 2017 | 17.23% | 14.79% | 0.79x | 1.48x | $16.28 Million |
| 2018 | 19.16% | 19.48% | 0.55x | 1.80x | $22.34 Million |
| 2019 | 13.22% | 9.06% | 0.84x | 1.74x | $8.90 Million |
| 2020 | 20.60% | 12.30% | 0.97x | 1.72x | $32.60 Million |
| 2021 | 11.77% | 8.72% | 0.86x | 1.58x | $6.52 Million |
| 2022 | 1.29% | 0.85% | 0.93x | 1.64x | $-30.17 Million |
| 2023 | 4.98% | 3.85% | 0.91x | 1.43x | $-17.34 Million |
| 2024 | 21.19% | 16.07% | 0.93x | 1.42x | $45.70 Million |
| 2025 | 30.26% | 18.13% | 1.14x | 1.46x | $104.22 Million |
Industry Comparison
This section compares Mineros S.A.'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 |
|---|---|---|---|---|
| Mineros S.A. (MNSAF) | $500.87 Million | 36.78% | 0.46x | $39.19 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 |