Belo Sun Mining Corp. Net Assets
Belo Sun Mining Corp. net assets. Based on the latest financial reports, Belo Sun Mining Corp. (BSX) has net assets worth CA$16.19 Million CAD (≈ $11.71 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 (CA$18.24 Million ≈ $13.19 Million USD) and total liabilities (CA$2.05 Million ≈ $1.48 Million USD). 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. Also explore Belo Sun Mining Corp. (BSX) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$16.19 Million |
| % of Total Assets | 88.76% |
| Annual Growth Rate | 2.66% |
| 5-Year Change | -60.22% |
| 10-Year Change | 19.37% |
| Growth Volatility | 240.13 |
Net Assets of Belo Sun Mining Corp. (1997–2024)
Net assets of Belo Sun Mining Corp. from 1997 to 2024. This chart illustrates how Belo Sun Mining Corp.'s net assets have evolved over time, based on quarterly financial data. See Belo Sun Mining Corp. (BSX) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Belo Sun Mining Corp. (1997–2024)
The table below shows the annual net assets of Belo Sun Mining Corp. from 1997 to 2024. For live market cap and overall valuation, see how much is Belo Sun Mining Corp. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$20.23 Million ≈ $14.63 Million |
-19.38% |
| 2023-12-31 | CA$25.09 Million ≈ $18.15 Million |
-28.80% |
| 2022-12-31 | CA$35.24 Million ≈ $25.49 Million |
-24.31% |
| 2021-12-31 | CA$46.55 Million ≈ $33.67 Million |
-8.44% |
| 2020-12-31 | CA$50.84 Million ≈ $36.78 Million |
-7.07% |
| 2019-12-31 | CA$54.71 Million ≈ $39.58 Million |
-13.29% |
| 2018-12-31 | CA$63.09 Million ≈ $45.64 Million |
-14.25% |
| 2017-12-31 | CA$73.58 Million ≈ $53.22 Million |
-14.32% |
| 2016-12-31 | CA$85.87 Million ≈ $62.12 Million |
+406.82% |
| 2015-12-31 | CA$16.94 Million ≈ $12.26 Million |
+79.44% |
| 2014-12-31 | CA$9.44 Million ≈ $6.83 Million |
-51.61% |
| 2013-12-31 | CA$19.51 Million ≈ $14.12 Million |
-60.10% |
| 2012-12-31 | CA$48.91 Million ≈ $35.38 Million |
+51.64% |
| 2011-12-31 | CA$32.25 Million ≈ $23.33 Million |
+58.68% |
| 2010-12-31 | CA$20.32 Million ≈ $14.70 Million |
+99.30% |
| 2009-12-31 | CA$10.20 Million ≈ $7.38 Million |
+22.44% |
| 2008-12-31 | CA$8.33 Million ≈ $6.03 Million |
-8.22% |
| 2007-12-31 | CA$9.07 Million ≈ $6.56 Million |
+84.32% |
| 2006-12-31 | CA$4.92 Million ≈ $3.56 Million |
+1135.39% |
| 2005-12-31 | CA$398.52K ≈ $288.29K |
-57.41% |
| 2004-12-31 | CA$935.71K ≈ $676.88K |
-32.23% |
| 2003-12-31 | CA$1.38 Million ≈ $998.71K |
+407.76% |
| 2002-12-31 | CA$271.90K ≈ $196.69K |
-86.81% |
| 2001-12-31 | CA$2.06 Million ≈ $1.49 Million |
-33.23% |
| 2000-12-31 | CA$3.09 Million ≈ $2.23 Million |
-43.06% |
| 1999-12-31 | CA$5.42 Million ≈ $3.92 Million |
-45.29% |
| 1998-12-31 | CA$9.91 Million ≈ $7.17 Million |
-0.42% |
| 1997-12-31 | CA$9.95 Million ≈ $7.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Belo Sun 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 24765552300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Belo Sun Mining Corp. Net Assets Breakdown (December 2024)
Belo Sun Mining Corp. net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$263.93 Million | 1304.91% |
| Other Comprehensive Income | CA$2.41 Million | 11.90% |
| Other Components | CA$2.87 Million | 14.18% |
| Total Equity | CA$20.23 Million | 100.00% |
Belo Sun Mining Corp. Competitors by Market Cap
The table below lists competitors of Belo Sun Mining Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Bankshares Inc
NASDAQ:NKSH
|
$255.46 Million |
|
Altimmune Inc
NASDAQ:ALT
|
$255.47 Million |
|
Austindo Nusantara Jaya Tbk
JK:ANJT
|
$255.50 Million |
|
Guangxi Hechi Chemical Co Ltd
SHE:000953
|
$255.55 Million |
|
Jiangsu Maysta Chemical Co Ltd
SHG:603041
|
$255.41 Million |
|
Asia Aviation Public Company Limited
F:55AA
|
$255.39 Million |
|
Imagicaaworld Entertainment Limited
NSE:IMAGICAA
|
$255.37 Million |
|
Taiwan Sanyo Electric Co Ltd
TW:1614
|
$255.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Belo Sun Mining Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,088,223 to 20,225,862, a change of -4,862,361 (-19.4%).
- Net loss of 7,288,000 reduced equity.
- Share repurchases of 1,166,080 reduced equity.
- New share issuances of 1,166,079 increased equity.
- Other comprehensive income decreased equity by 3,221,960.
- Other factors increased equity by 5,647,600.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-7.29 Million | -36.03% |
| Share Repurchases | CA$1.17 Million | -5.77% |
| Share Issuances | CA$1.17 Million | +5.77% |
| Other Comprehensive Income | CA$-3.22 Million | -15.93% |
| Other Changes | CA$5.65 Million | +27.92% |
| Total Change | CA$- | -19.38% |
Book Value vs Market Value Analysis
This analysis compares Belo Sun 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: 16.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.43x to 16.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$0.52 | CA$0.75 | x |
| 1998-12-31 | CA$0.51 | CA$0.75 | x |
| 1999-12-31 | CA$0.23 | CA$0.75 | x |
| 2000-12-31 | CA$0.12 | CA$0.75 | x |
| 2001-12-31 | CA$0.08 | CA$0.75 | x |
| 2002-12-31 | CA$0.01 | CA$0.75 | x |
| 2003-12-31 | CA$0.04 | CA$0.75 | x |
| 2004-12-31 | CA$0.02 | CA$0.75 | x |
| 2005-12-31 | CA$0.01 | CA$0.75 | x |
| 2006-12-31 | CA$0.07 | CA$0.75 | x |
| 2007-12-31 | CA$0.10 | CA$0.75 | x |
| 2008-12-31 | CA$0.09 | CA$0.75 | x |
| 2009-12-31 | CA$0.10 | CA$0.75 | x |
| 2010-12-31 | CA$0.15 | CA$0.75 | x |
| 2011-12-31 | CA$0.17 | CA$0.75 | x |
| 2012-12-31 | CA$0.21 | CA$0.75 | x |
| 2013-12-31 | CA$0.07 | CA$0.75 | x |
| 2014-12-31 | CA$0.03 | CA$0.75 | x |
| 2015-12-31 | CA$0.05 | CA$0.75 | x |
| 2016-12-31 | CA$0.21 | CA$0.75 | x |
| 2017-12-31 | CA$0.16 | CA$0.75 | x |
| 2018-12-31 | CA$0.14 | CA$0.75 | x |
| 2019-12-31 | CA$0.12 | CA$0.75 | x |
| 2020-12-31 | CA$0.11 | CA$0.75 | x |
| 2021-12-31 | CA$0.10 | CA$0.75 | x |
| 2022-12-31 | CA$0.08 | CA$0.75 | x |
| 2023-12-31 | CA$0.06 | CA$0.75 | x |
| 2024-12-31 | CA$0.04 | CA$0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Belo Sun Mining Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -36.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.15x
- Recent ROE (-36.03%) is above the historical average (-95.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -10.26% | -523.89% | 0.02x | 1.05x | CA$-2.02 Million |
| 1998 | -5.89% | -6853.49% | 0.00x | 1.10x | CA$-1.57 Million |
| 1999 | -95.82% | -6240.99% | 0.01x | 1.33x | CA$-5.74 Million |
| 2000 | -98.21% | -35860.44% | 0.00x | 1.43x | CA$-3.34 Million |
| 2001 | -111.05% | 0.00% | 0.00x | 1.53x | CA$-2.50 Million |
| 2002 | -838.16% | 0.00% | 0.00x | 6.21x | CA$-2.31 Million |
| 2003 | -150.51% | 0.00% | 0.00x | 1.38x | CA$-2.22 Million |
| 2004 | -83.68% | 0.00% | 0.00x | 1.82x | CA$-876.57K |
| 2005 | -405.25% | 0.00% | 0.00x | 3.23x | CA$-1.65 Million |
| 2006 | -11.80% | 0.00% | 0.00x | 1.11x | CA$-1.07 Million |
| 2007 | -18.40% | 0.00% | 0.00x | 1.06x | CA$-2.58 Million |
| 2008 | -26.10% | 0.00% | 0.00x | 1.05x | CA$-3.01 Million |
| 2009 | -7.24% | 0.00% | 0.00x | 1.05x | CA$-1.76 Million |
| 2010 | -23.41% | 0.00% | 0.00x | 1.06x | CA$-6.79 Million |
| 2011 | -101.92% | 0.00% | 0.00x | 1.07x | CA$-36.10 Million |
| 2012 | -98.98% | 0.00% | 0.00x | 1.10x | CA$-53.30 Million |
| 2013 | -166.72% | 0.00% | 0.00x | 1.05x | CA$-34.48 Million |
| 2014 | -160.93% | 0.00% | 0.00x | 1.39x | CA$-16.14 Million |
| 2015 | -60.86% | 0.00% | 0.00x | 1.23x | CA$-12.01 Million |
| 2016 | -18.02% | 0.00% | 0.00x | 1.11x | CA$-24.07 Million |
| 2017 | -16.97% | 0.00% | 0.00x | 1.13x | CA$-19.85 Million |
| 2018 | -12.78% | 0.00% | 0.00x | 1.07x | CA$-14.37 Million |
| 2019 | -14.61% | 0.00% | 0.00x | 1.08x | CA$-13.46 Million |
| 2020 | -10.80% | 0.00% | 0.00x | 1.07x | CA$-10.58 Million |
| 2021 | -13.33% | 0.00% | 0.00x | 1.04x | CA$-10.86 Million |
| 2022 | -37.89% | 0.00% | 0.00x | 1.04x | CA$-16.87 Million |
| 2023 | -42.72% | 0.00% | 0.00x | 1.07x | CA$-13.23 Million |
| 2024 | -36.03% | 0.00% | 0.00x | 1.15x | CA$-9.31 Million |
Industry Comparison
This section compares Belo Sun Mining Corp.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $677,650,424
- Average return on equity (ROE) among peers: -20.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Belo Sun Mining Corp. (BSX) | CA$16.19 Million | -10.26% | 0.13x | $255.42 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.40 Billion |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $47.48 Million |
| Barrick Gold Corp (ABX) | $3.85 Billion | 10.41% | 0.78x | $61.83 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $133.41 Million |
| Agnico Eagle Mines Limited (AEM) | $110.01 Million | 9.00% | 1.33x | $85.78 Billion |
| Alamos Gold Inc (AGI) | $2.70 Billion | 3.57% | 0.26x | $11.51 Billion |
| AIS Resources Ltd (AIS) | $2.27 Million | 1.48% | 0.03x | $2.02 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $2.09 Million |
| Altamira Gold Corp (ALTA) | $2.59 Million | -43.05% | 0.10x | $38.63 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About Belo Sun Mining Corp.
Belo Sun Mining Corp, through its subsidiaries, operates as a gold exploration and development company in Brazil. Its principle asset is the 100% owned Volta Grande Gold project consisting of four mining concession applications, 7 exploration permits, 64 exploration permits extension submitted, and 4 ratification submitted covering a total area of 157.352 hectares located in the northern region o… Read more