Norsemont Mining Inc
Norsemont Mining Inc., a junior mining company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Choquelimpie project covering an area of approximately 5,757 hectares located in Northern Chile. The company was formerly known as Norsemont Capital Inc. and changed its name to … Read more
Norsemont Mining Inc (NRRSF) - Net Assets
Latest net assets as of September 2025: $28.01 Million USD
Based on the latest financial reports, Norsemont Mining Inc (NRRSF) has net assets worth $28.01 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 ($33.53 Million) and total liabilities ($5.52 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 | $28.01 Million |
| % of Total Assets | 83.53% |
| Annual Growth Rate | 15.99% |
| 5-Year Change | -33.1% |
| 10-Year Change | 6093.91% |
| Growth Volatility | 5095.95 |
Norsemont Mining Inc - Net Assets Trend (2004–2024)
This chart illustrates how Norsemont Mining 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 Norsemont Mining Inc (2004–2024)
The table below shows the annual net assets of Norsemont Mining Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $23.14 Million | +0.63% |
| 2023-12-31 | $22.99 Million | -5.45% |
| 2022-12-31 | $24.32 Million | -13.67% |
| 2021-12-31 | $28.17 Million | -18.56% |
| 2020-12-31 | $34.59 Million | +22812.64% |
| 2019-12-31 | $150.95K | +11492.75% |
| 2018-12-31 | $-1.32K | -100.65% |
| 2017-12-31 | $203.62K | -52.04% |
| 2016-12-31 | $424.58K | +13.66% |
| 2015-12-31 | $373.55K | -24.52% |
| 2014-12-31 | $494.92K | -33.91% |
| 2013-12-31 | $748.86K | -19.30% |
| 2012-12-31 | $927.91K | -23.15% |
| 2011-12-31 | $1.21 Million | +18.70% |
| 2010-12-31 | $1.02 Million | +228.35% |
| 2009-12-31 | $309.80K | -52.46% |
| 2008-12-31 | $651.69K | +26.36% |
| 2007-12-31 | $515.75K | -22.31% |
| 2006-12-31 | $663.88K | -14.64% |
| 2005-12-31 | $777.76K | -34.70% |
| 2004-12-31 | $1.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norsemont Mining 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 2583373600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $47.81 Million | 206.64% |
| Other Comprehensive Income | $2.23 Million | 9.65% |
| Total Equity | $23.14 Million | 100.00% |
Norsemont Mining Inc Competitors by Market Cap
The table below lists competitors of Norsemont Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Excelsior Biopharma
TWO:6496
|
$13.84 Million |
|
GSE Systems Inc
NASDAQ:GVP
|
$13.84 Million |
|
Yao I Fabric Co Ltd
TWO:4430
|
$13.85 Million |
|
Kentucky First Federal Bancorp
NASDAQ:KFFB
|
$13.85 Million |
|
Korea Eng Cons
KO:023350
|
$13.84 Million |
|
HiTi Digital Inc
TW:3494
|
$13.84 Million |
|
Leclanche S.A. Reg.
LSE:0QP6
|
$13.84 Million |
|
Sonoro Gold Corp
OTCQB:SMOFF
|
$13.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norsemont Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,992,014 to 23,137,531, a change of 145,517 (0.6%).
- Net loss of 2,053,000 reduced equity.
- New share issuances of 1,012,968 increased equity.
- Other comprehensive income increased equity by 500,196.
- Other factors increased equity by 685,353.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.05 Million | -8.87% |
| Share Issuances | $1.01 Million | +4.38% |
| Other Comprehensive Income | $500.20K | +2.16% |
| Other Changes | $685.35K | +2.96% |
| Total Change | $- | 0.63% |
Book Value vs Market Value Analysis
This analysis compares Norsemont Mining 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: 0.44x
- 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 increased from 0.16x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $1.05 | $0.17 | x |
| 2005-12-31 | $0.68 | $0.17 | x |
| 2006-12-31 | $0.56 | $0.17 | x |
| 2007-12-31 | $0.15 | $0.17 | x |
| 2008-12-31 | $0.46 | $0.17 | x |
| 2009-12-31 | $0.12 | $0.17 | x |
| 2010-12-31 | $0.26 | $0.17 | x |
| 2011-12-31 | $0.24 | $0.17 | x |
| 2012-12-31 | $0.13 | $0.17 | x |
| 2013-12-31 | $0.10 | $0.17 | x |
| 2014-12-31 | $0.07 | $0.17 | x |
| 2015-12-31 | $0.04 | $0.17 | x |
| 2016-12-31 | $0.04 | $0.17 | x |
| 2017-12-31 | $0.02 | $0.17 | x |
| 2018-12-31 | $0.00 | $0.17 | x |
| 2019-12-31 | $0.01 | $0.17 | x |
| 2020-12-31 | $1.05 | $0.17 | x |
| 2021-12-31 | $0.54 | $0.17 | x |
| 2022-12-31 | $0.44 | $0.17 | x |
| 2023-12-31 | $0.40 | $0.17 | x |
| 2024-12-31 | $0.38 | $0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norsemont Mining 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): -8.87%
- 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: 1.24x
- Recent ROE (-8.87%) is above the historical average (-56.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -66.24% | 0.00% | 0.00x | 1.16x | $-908.11K |
| 2005 | -53.10% | 0.00% | 0.00x | 1.01x | $-490.78K |
| 2006 | -19.13% | 0.00% | 0.00x | 1.01x | $-193.39K |
| 2007 | -28.72% | 0.00% | 0.00x | 1.01x | $-199.71K |
| 2008 | -37.12% | 0.00% | 0.00x | 1.02x | $-307.05K |
| 2009 | -203.04% | 0.00% | 0.00x | 1.07x | $-659.98K |
| 2010 | -30.82% | 0.00% | 0.00x | 1.02x | $-415.24K |
| 2011 | -32.01% | 0.00% | 0.00x | 1.01x | $-507.24K |
| 2012 | -37.40% | 0.00% | 0.00x | 1.01x | $-439.79K |
| 2013 | -24.10% | 0.00% | 0.00x | 1.02x | $-255.33K |
| 2014 | -57.30% | 0.00% | 0.00x | 1.04x | $-333.07K |
| 2015 | -87.80% | 0.00% | 0.00x | 1.03x | $-365.35K |
| 2016 | -67.77% | 0.00% | 0.00x | 1.02x | $-330.19K |
| 2017 | -120.32% | 0.00% | 0.00x | 1.06x | $-265.36K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-250.39K |
| 2019 | -219.93% | 0.00% | 0.00x | 1.77x | $-347.10K |
| 2020 | -16.08% | 0.00% | 0.00x | 1.02x | $-9.02 Million |
| 2021 | -33.60% | 0.00% | 0.00x | 1.08x | $-12.28 Million |
| 2022 | -22.37% | 0.00% | 0.00x | 1.14x | $-7.87 Million |
| 2023 | -10.41% | 0.00% | 0.00x | 1.20x | $-4.69 Million |
| 2024 | -8.87% | 0.00% | 0.00x | 1.24x | $-4.37 Million |
Industry Comparison
This section compares Norsemont Mining 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 |
|---|---|---|---|---|
| Norsemont Mining Inc (NRRSF) | $28.01 Million | -66.24% | 0.20x | $13.84 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 |