Canagold Resources Ltd (CCM) - Net Assets

Latest as of December 2025: CA$33.97 Million CAD ≈ $24.58 Million USD

Based on the latest financial reports, Canagold Resources Ltd (CCM) has net assets worth CA$33.97 Million CAD (≈ $24.58 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$38.42 Million ≈ $27.79 Million USD) and total liabilities (CA$4.45 Million ≈ $3.22 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. Check CCM tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$33.97 Million
% of Total Assets	88.42%
Annual Growth Rate	1.0%
5-Year Change	29.21%
10-Year Change	73.27%
Growth Volatility	24.03

Canagold Resources Ltd - Net Assets Trend (1996–2025)

This chart illustrates how Canagold Resources Ltd's net assets have evolved over time, based on quarterly financial data. See Canagold Resources Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Canagold Resources Ltd (1996–2025)

The table below shows the annual net assets of Canagold Resources Ltd from 1996 to 2025. For live valuation and market cap data, see CCM market cap.

Year	Net Assets	Change
2025-12-31	CA$33.97 Million ≈ $24.58 Million	+13.32%
2024-12-31	CA$29.98 Million ≈ $21.69 Million	-2.47%
2023-12-31	CA$30.74 Million ≈ $22.24 Million	+4.15%
2022-12-31	CA$29.51 Million ≈ $21.35 Million	+12.25%
2021-12-31	CA$26.29 Million ≈ $19.02 Million	+13.75%
2020-12-31	CA$23.11 Million ≈ $16.72 Million	+28.98%
2019-12-31	CA$17.92 Million ≈ $12.96 Million	+4.90%
2018-12-31	CA$17.08 Million ≈ $12.36 Million	-11.85%
2017-12-31	CA$19.38 Million ≈ $14.02 Million	-1.16%
2016-12-31	CA$19.61 Million ≈ $14.18 Million	+81.31%
2015-12-31	CA$10.81 Million ≈ $7.82 Million	-7.18%
2014-12-31	CA$11.65 Million ≈ $8.43 Million	+2.09%
2013-12-31	CA$11.41 Million ≈ $8.26 Million	-12.58%
2012-12-31	CA$13.05 Million ≈ $9.44 Million	+4.68%
2011-12-31	CA$12.47 Million ≈ $9.02 Million	-3.64%
2010-12-31	CA$12.94 Million ≈ $9.36 Million	+6.35%
2009-12-31	CA$12.17 Million ≈ $8.80 Million	-2.83%
2008-12-31	CA$12.52 Million ≈ $9.06 Million	-35.72%
2007-12-31	CA$19.48 Million ≈ $14.09 Million	+6.97%
2006-12-31	CA$18.21 Million ≈ $13.17 Million	+66.36%
2005-12-31	CA$10.95 Million ≈ $7.92 Million	+5.41%
2004-12-31	CA$10.39 Million ≈ $7.51 Million	-17.20%
2003-12-31	CA$12.54 Million ≈ $9.07 Million	+23.15%
2002-12-31	CA$10.19 Million ≈ $7.37 Million	-39.99%
2001-12-31	CA$16.97 Million ≈ $12.28 Million	-16.52%
2000-12-31	CA$20.33 Million ≈ $14.71 Million	-2.60%
1999-12-31	CA$20.88 Million ≈ $15.10 Million	-0.58%
1998-12-31	CA$21.00 Million ≈ $15.19 Million	-7.65%
1997-12-31	CA$22.74 Million ≈ $16.45 Million	-10.72%
1996-12-31	CA$25.47 Million ≈ $18.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Canagold Resources 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 4330539700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$96.66 Million	284.52%
Other Comprehensive Income	CA$-4.11 Million	-12.09%
Other Components	CA$635.00K	1.87%
Total Equity	CA$33.97 Million	100.00%

Canagold Resources Ltd Competitors by Market Cap

The table below lists competitors of Canagold Resources Ltd ranked by their market capitalization.

Company	Market Cap
Moda-InnoChips Co. Ltd KQ:080420	$82.05 Million
EISO Enterprise Co Ltd TWO:5291	$82.07 Million
Future Vision II Acquisition Corporation Ordinary shares NASDAQ:FVN	$82.08 Million
S.D. STANDARD ETC DL-03 F:S1P	$82.08 Million
The9 Ltd ADR NASDAQ:NCTY	$82.02 Million
FM Global Logistics Holdings Bhd KLSE:7210	$82.02 Million
Freetrailer Group A/S ST:FREETR	$82.02 Million
Tycoons Group Enterprise Co Ltd TW:2022	$82.01 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Canagold Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 29,980,000 to 33,973,000, a change of 3,993,000 (13.3%).
Net loss of 2,593,000 reduced equity.
New share issuances of 5,079,000 increased equity.
Other comprehensive income increased equity by 1,560,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-2.59 Million	-7.63%
Share Issuances	CA$5.08 Million	+14.95%
Other Comprehensive Income	CA$1.56 Million	+4.59%
Other Changes	CA$-53.00K	-0.16%
Total Change	CA$-	13.32%

Book Value vs Market Value Analysis

This analysis compares Canagold Resources 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: 2.90x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.15x to 2.90x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-12-31	CA$3.60	CA$0.53	x
1997-12-31	CA$3.14	CA$0.53	x
1998-12-31	CA$2.73	CA$0.53	x
1999-12-31	CA$2.49	CA$0.53	x
2000-12-31	CA$2.32	CA$0.53	x
2001-12-31	CA$1.83	CA$0.53	x
2002-12-31	CA$1.03	CA$0.53	x
2003-12-31	CA$1.17	CA$0.53	x
2004-12-31	CA$0.85	CA$0.53	x
2005-12-31	CA$0.87	CA$0.53	x
2006-12-31	CA$1.33	CA$0.53	x
2007-12-31	CA$1.29	CA$0.53	x
2008-12-31	CA$0.81	CA$0.53	x
2009-12-31	CA$0.76	CA$0.53	x
2010-12-31	CA$0.73	CA$0.53	x
2011-12-31	CA$0.53	CA$0.53	x
2012-12-31	CA$0.62	CA$0.53	x
2013-12-31	CA$0.46	CA$0.53	x
2014-12-31	CA$0.36	CA$0.53	x
2015-12-31	CA$0.30	CA$0.53	x
2016-12-31	CA$0.46	CA$0.53	x
2017-12-31	CA$0.41	CA$0.53	x
2018-12-31	CA$0.36	CA$0.53	x
2019-12-31	CA$0.36	CA$0.53	x
2020-12-31	CA$0.41	CA$0.53	x
2021-12-31	CA$0.33	CA$0.53	x
2022-12-31	CA$0.33	CA$0.53	x
2023-12-31	CA$0.21	CA$0.53	x
2024-12-31	CA$0.18	CA$0.53	x
2025-12-31	CA$0.18	CA$0.53	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Canagold Resources 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): -7.63%
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: 1.13x
Recent ROE (-7.63%) is above the historical average (-11.18%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1996	-10.32%	-3600.31%	0.00x	1.02x	CA$-5.17 Million
1997	-17.54%	-5699.38%	0.00x	1.02x	CA$-6.26 Million
1998	-13.23%	-4300.04%	0.00x	1.01x	CA$-4.88 Million
1999	-1.54%	-464.39%	0.00x	1.02x	CA$-2.41 Million
2000	-2.54%	-3671.43%	0.00x	1.02x	CA$-2.53 Million
2001	-21.74%	-8963.12%	0.00x	1.01x	CA$-5.34 Million
2002	-74.34%	-3040.46%	0.02x	1.02x	CA$-8.48 Million
2003	-7.05%	-539.93%	0.01x	1.04x	CA$-2.12 Million
2004	-38.95%	0.00%	0.00x	1.05x	CA$-5.04 Million
2005	2.87%	0.00%	0.00x	1.02x	CA$-780.03K
2006	2.38%	0.00%	0.00x	1.01x	CA$-1.39 Million
2007	7.78%	0.00%	0.00x	1.03x	CA$-433.14K
2008	-55.60%	0.00%	0.00x	1.02x	CA$-8.22 Million
2009	-12.98%	0.00%	0.00x	1.08x	CA$-2.80 Million
2010	-4.56%	0.00%	0.00x	1.07x	CA$-1.88 Million
2011	-9.70%	0.00%	0.00x	1.06x	CA$-2.46 Million
2012	-9.24%	0.00%	0.00x	1.07x	CA$-2.51 Million
2013	-12.07%	0.00%	0.00x	1.09x	CA$-2.52 Million
2014	-15.72%	0.00%	0.00x	1.08x	CA$-3.00 Million
2015	-8.62%	0.00%	0.00x	1.10x	CA$-2.01 Million
2016	34.64%	0.00%	0.00x	1.01x	CA$4.83 Million
2017	-10.11%	-14000.00%	0.00x	1.02x	CA$-3.90 Million
2018	-6.59%	0.00%	0.00x	1.02x	CA$-2.83 Million
2019	-5.82%	0.00%	0.00x	1.02x	CA$-2.84 Million
2020	-7.39%	0.00%	0.00x	1.02x	CA$-4.02 Million
2021	-6.97%	0.00%	0.00x	1.05x	CA$-4.46 Million
2022	-9.17%	0.00%	0.00x	1.11x	CA$-5.66 Million
2023	-9.92%	0.00%	0.00x	1.08x	CA$-6.12 Million
2024	-3.74%	0.00%	0.00x	1.09x	CA$-4.12 Million
2025	-7.63%	0.00%	0.00x	1.13x	CA$-5.99 Million

Industry Comparison

This section compares Canagold Resources Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $1,001,586,753
Average return on equity (ROE) among peers: -19.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Canagold Resources Ltd (CCM)	CA$33.97 Million	-10.32%	0.13x	$82.03 Million
Allied Gold Corporation (AAUC)	$416.30 Million	-27.78%	2.17x	$3.28 Billion
Abcourt Mines Inc. (ABI)	$9.01 Million	-0.50%	0.05x	$60.24 Million
Barrick Gold Corp (ABX)	$3.59 Billion	8.38%	0.30x	$68.10 Billion
American Eagle Gold Corp (AE)	$3.09 Million	-121.24%	0.18x	$129.43 Million
Agnico Eagle Mines Limited (AEM)	$3.22 Billion	-17.69%	0.56x	$83.66 Billion
Alamos Gold Inc (AGI)	$2.74 Billion	-2.44%	0.32x	$12.73 Billion
AIS Resources Ltd (AIS)	$676.10K	6.54%	0.11x	$2.79 Million
Alliance Mining Corp (ALM)	$-3.11 Million	0.00%	0.00x	$1.90 Million
Altamira Gold Corp (ALTA)	$1.70 Million	-35.22%	0.08x	$36.46 Million
Almaden Minerals Ltd (AMM)	$45.22 Million	-8.90%	0.05x	$24.82 Million

About Canagold Resources Ltd

TO:CCM Canada Gold

Market Cap

$82.03 Million

CA$113.39 Million CAD

Market Cap Rank

#20035 Global

#685 in Canada

Share Price

CA$0.53

Change (1 day)

-1.85%

52-Week Range

CA$0.35 - CA$0.74

All Time High

CA$0.90