Sixty North Gold Mining Ltd
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. It holds 100% interest in the Mon Property that includes 13 contiguous mining leases and 1 mineral claim comprising an area of approximately 1,536.92 acres located in Yellowknife, the Northwest Territories. Sixty North Gold Mining Ltd. was… Read more
Sixty North Gold Mining Ltd (SXNTF) - Net Assets
Latest net assets as of July 2025: $8.75 Million USD
Based on the latest financial reports, Sixty North Gold Mining Ltd (SXNTF) has net assets worth $8.75 Million USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.51 Million) and total liabilities ($758.67K). 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 | $8.75 Million |
| % of Total Assets | 92.02% |
| Annual Growth Rate | 22.59% |
| 5-Year Change | 132.92% |
| 10-Year Change | N/A |
| Growth Volatility | 21.52 |
Sixty North Gold Mining Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Sixty North Gold Mining Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sixty North Gold Mining Ltd (2016–2024)
The table below shows the annual net assets of Sixty North Gold Mining Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $8.59 Million | +9.61% |
| 2023-10-31 | $7.83 Million | -4.30% |
| 2022-10-31 | $8.19 Million | +30.67% |
| 2021-10-31 | $6.26 Million | +69.93% |
| 2020-10-31 | $3.69 Million | +38.17% |
| 2019-10-31 | $2.67 Million | +14.93% |
| 2018-10-31 | $2.32 Million | +27.47% |
| 2017-10-31 | $1.82 Million | +8.21% |
| 2016-10-31 | $1.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sixty North Gold Mining Ltd'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 554113400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.73 Million | 148.31% |
| Other Comprehensive Income | $1.56 Million | 18.13% |
| Total Equity | $8.59 Million | 100.00% |
Sixty North Gold Mining Ltd Competitors by Market Cap
The table below lists competitors of Sixty North Gold Mining Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WestBond Enterprises Corporation
PINK:WBNEF
|
$3.06 Million |
|
Bedding World Co., Ltd.
TWO:2938
|
$3.06 Million |
|
Indiva Ltd
PINK:NDVAF
|
$3.06 Million |
|
HLT Global Bhd
KLSE:0188
|
$3.07 Million |
|
Winnergy Medical Public Company Limited
BK:WINMED
|
$3.06 Million |
|
Belgravia Hartford Capital Inc
PINK:BLGVF
|
$3.06 Million |
|
Fountain
BR:FOU
|
$3.06 Million |
|
Lianhe Sowell International Group Ltd Ordinary Shares
NASDAQ:LHSW
|
$3.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sixty North Gold Mining Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,832,945 to 8,585,939, a change of 752,994 (9.6%).
- Net loss of 314,650 reduced equity.
- New share issuances of 497,240 increased equity.
- Other comprehensive income increased equity by 153,872.
- Other factors increased equity by 416,532.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-314.65K | -3.66% |
| Share Issuances | $497.24K | +5.79% |
| Other Comprehensive Income | $153.87K | +1.79% |
| Other Changes | $416.53K | +4.85% |
| Total Change | $- | 9.61% |
Book Value vs Market Value Analysis
This analysis compares Sixty North Gold Mining Ltd'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: 0.37x
- 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 0.07x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-10-31 | $1.35 | $0.09 | x |
| 2017-10-31 | $0.40 | $0.09 | x |
| 2018-10-31 | $0.56 | $0.09 | x |
| 2019-10-31 | $0.51 | $0.09 | x |
| 2020-10-31 | $0.55 | $0.09 | x |
| 2021-10-31 | $0.55 | $0.09 | x |
| 2022-10-31 | $0.48 | $0.09 | x |
| 2023-10-31 | $0.33 | $0.09 | x |
| 2024-10-31 | $0.25 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sixty North Gold Mining Ltd 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): -3.66%
- 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: 1.05x
- Recent ROE (-3.66%) is above the historical average (-19.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -29.00% | 0.00% | 0.00x | 1.06x | $-656.38K |
| 2017 | -34.06% | 0.00% | 0.00x | 1.07x | $-802.51K |
| 2018 | -38.75% | 0.00% | 0.00x | 1.02x | $-1.13 Million |
| 2019 | -21.16% | 0.00% | 0.00x | 1.04x | $-831.21K |
| 2020 | -16.79% | 0.00% | 0.00x | 1.06x | $-987.52K |
| 2021 | -11.38% | 0.00% | 0.00x | 1.01x | $-1.34 Million |
| 2022 | -8.14% | 0.00% | 0.00x | 1.06x | $-1.49 Million |
| 2023 | -15.12% | 0.00% | 0.00x | 1.05x | $-1.97 Million |
| 2024 | -3.66% | 0.00% | 0.00x | 1.05x | $-1.17 Million |
Industry Comparison
This section compares Sixty North Gold Mining Ltd'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 |
|---|---|---|---|---|
| Sixty North Gold Mining Ltd (SXNTF) | $8.75 Million | -29.00% | 0.09x | $3.06 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 |