West Mining Corp
West Mining Corp., together with its subsidiaries, engages in the identification, acquisition, and exploration of mineral properties. It explores for copper, gold, and silver deposits. The company holds 100% interest in the Kena project located in the Nelson Mining District, British Columbia. It also holds an agreement to acquire the Folkestone property in British Columbia. West Mining Corp. was … Read more
West Mining Corp (WESMF) - Net Assets
Latest net assets as of July 2025: $5.68 Million USD
Based on the latest financial reports, West Mining Corp (WESMF) has net assets worth $5.68 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 ($6.03 Million) and total liabilities ($348.41K). 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 | $5.68 Million |
| % of Total Assets | 94.22% |
| Annual Growth Rate | 70.64% |
| 5-Year Change | 1230.84% |
| 10-Year Change | N/A |
| Growth Volatility | 872.91 |
West Mining Corp - Net Assets Trend (2017–2024)
This chart illustrates how West Mining 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 West Mining Corp (2017–2024)
The table below shows the annual net assets of West Mining Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $6.05 Million | -27.34% |
| 2023-10-31 | $8.33 Million | -11.83% |
| 2022-10-31 | $9.45 Million | -20.44% |
| 2021-10-31 | $11.88 Million | +2510.83% |
| 2020-10-31 | $454.93K | +9.71% |
| 2019-10-31 | $414.65K | -12.84% |
| 2018-10-31 | $475.74K | +231.21% |
| 2017-10-31 | $143.64K | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Mining 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 1624518000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.36 Million | 303.31% |
| Other Comprehensive Income | $3.91 Million | 64.63% |
| Other Components | $29.48K | 0.49% |
| Total Equity | $6.05 Million | 100.00% |
West Mining Corp Competitors by Market Cap
The table below lists competitors of West Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RareX Limited
OTCQB:REEEF
|
$588.92K |
|
Transportation and Logistics System
PINK:TLSS
|
$588.94K |
|
LIBERTY DEFENSE H
F:LD2A
|
$588.98K |
|
SunocoCorp LLC
NYSE:SUNC
|
$589.10K |
|
BONGRAIN
BE:BGJ
|
$588.40K |
|
Powell Max Limited Class A Ordinary Shares
NASDAQ:PMAX
|
$587.73K |
|
ANDERSONS (AKG.SG)
STU:AKG
|
$587.58K |
|
York Timber Holdings Ltd
JSE:YRK
|
$587.38K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,331,934 to 6,054,381, a change of -2,277,553 (-27.3%).
- Net loss of 5,136,994 reduced equity.
- New share issuances of 1,667,510 increased equity.
- Other comprehensive income increased equity by 205,142.
- Other factors increased equity by 986,789.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.14 Million | -84.85% |
| Share Issuances | $1.67 Million | +27.54% |
| Other Comprehensive Income | $205.14K | +3.39% |
| Other Changes | $986.79K | +16.3% |
| Total Change | $- | -27.34% |
Book Value vs Market Value Analysis
This analysis compares West Mining 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: 0.05x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | $0.80 | $0.02 | x |
| 2018-10-31 | $2.65 | $0.02 | x |
| 2019-10-31 | $2.31 | $0.02 | x |
| 2020-10-31 | $1.28 | $0.02 | x |
| 2021-10-31 | $2.49 | $0.02 | x |
| 2022-10-31 | $1.55 | $0.02 | x |
| 2023-10-31 | $1.36 | $0.02 | x |
| 2024-10-31 | $0.49 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Mining 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): -84.85%
- 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: 1.04x
- Recent ROE (-84.85%) is below the historical average (-29.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -4.43% | 0.00% | 0.00x | 1.04x | $-20.73K |
| 2018 | -7.12% | 0.00% | 0.00x | 1.06x | $-81.43K |
| 2019 | -14.73% | 0.00% | 0.00x | 1.06x | $-102.55K |
| 2020 | -24.78% | 0.00% | 0.00x | 1.04x | $-158.21K |
| 2021 | -56.54% | 0.00% | 0.00x | 1.03x | $-7.90 Million |
| 2022 | -32.33% | 0.00% | 0.00x | 1.00x | $-4.00 Million |
| 2023 | -13.56% | 0.00% | 0.00x | 1.03x | $-1.96 Million |
| 2024 | -84.85% | 0.00% | 0.00x | 1.04x | $-5.74 Million |
Industry Comparison
This section compares West Mining Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Mining Corp (WESMF) | $5.68 Million | -4.43% | 0.06x | $588.88K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |