First Mining Gold Corp (FF) - Net Assets
Based on the latest financial reports, First Mining Gold Corp (FF) has net assets worth CA$222.56 Million CAD (≈ $160.99 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$371.13 Million ≈ $268.47 Million USD) and total liabilities (CA$148.57 Million ≈ $107.48 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. Check asset allocation strategy of First Mining Gold Corp to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$222.56 Million |
| % of Total Assets | 59.97% |
| Annual Growth Rate | 36.4% |
| 5-Year Change | -2.62% |
| 10-Year Change | -18.1% |
| Growth Volatility | 20650.02 |
First Mining Gold Corp - Net Assets Trend (2005–2025)
This chart illustrates how First Mining Gold Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FF market cap.
Annual Net Assets for First Mining Gold Corp (2005–2025)
The table below shows the annual net assets of First Mining Gold Corp from 2005 to 2025. Also explore net asset growth rate of First Mining Gold Corp to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$218.05 Million ≈ $157.74 Million |
-10.80% |
| 2024-12-31 | CA$244.44 Million ≈ $176.83 Million |
+2.54% |
| 2023-12-31 | CA$238.39 Million ≈ $172.45 Million |
+4.71% |
| 2022-12-31 | CA$227.67 Million ≈ $164.69 Million |
+1.67% |
| 2021-12-31 | CA$223.93 Million ≈ $161.98 Million |
-8.06% |
| 2020-12-31 | CA$243.55 Million ≈ $176.18 Million |
-7.16% |
| 2019-12-31 | CA$262.33 Million ≈ $189.77 Million |
+2.09% |
| 2018-12-31 | CA$256.95 Million ≈ $185.87 Million |
-2.91% |
| 2017-12-31 | CA$264.65 Million ≈ $191.45 Million |
-0.59% |
| 2016-12-31 | CA$266.23 Million ≈ $192.58 Million |
+154.62% |
| 2015-12-31 | CA$104.56 Million ≈ $75.64 Million |
+92455.89% |
| 2014-12-31 | CA$112.97K ≈ $81.72K |
-61.43% |
| 2013-12-31 | CA$292.87K ≈ $211.85K |
-20.60% |
| 2012-12-31 | CA$368.87K ≈ $266.83K |
+1809.85% |
| 2011-12-31 | CA$-21.57K ≈ $-15.61K |
-226.39% |
| 2010-12-31 | CA$17.07K ≈ $12.35K |
-77.68% |
| 2009-12-31 | CA$76.46K ≈ $55.31K |
-50.31% |
| 2008-12-31 | CA$153.85K ≈ $111.29K |
-25.59% |
| 2007-12-31 | CA$206.77K ≈ $149.57K |
-20.62% |
| 2006-12-31 | CA$260.46K ≈ $188.41K |
-40.66% |
| 2005-12-31 | CA$438.92K ≈ $317.51K |
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Equity Component Analysis
This analysis shows how different components contribute to First Mining Gold 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 25871653600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$418.17 Million | 191.77% |
| Other Comprehensive Income | CA$-4.17 Million | -1.91% |
| Other Components | CA$62.87 Million | 28.83% |
| Total Equity | CA$218.05 Million | 100.00% |
First Mining Gold Corp Competitors by Market Cap
The table below lists competitors of First Mining Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haima Automobile Group Co Ltd
SHE:000572
|
$931.36 Million |
|
Prodea Real Estate Investment Co.
AT:PRODEA
|
$931.94 Million |
|
Zhejiang Goldensea Envi Tech C
SHG:603311
|
$931.97 Million |
|
Guararapes Confecções S.A
SA:GUAR3
|
$932.14 Million |
|
Qingdao Gaoce Technology Co Ltd
SHG:688556
|
$931.21 Million |
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
$930.93 Million |
|
Jiangsu Tongxingbao Intelligent Transportation Technology Co. Ltd. A
SHE:301339
|
$930.55 Million |
|
BlackRock Credit Allocation Income Trust
NYSE:BTZ
|
$930.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Mining Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 244,442,000 to 218,053,000, a change of -26,389,000 (-10.8%).
- Net loss of 77,919,000 reduced equity.
- Share repurchases of 48,501,000 reduced equity.
- New share issuances of 36,438,000 increased equity.
- Other comprehensive income increased equity by 1,238,000.
- Other factors increased equity by 62,355,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-77.92 Million | -35.73% |
| Share Repurchases | CA$48.50 Million | -22.24% |
| Share Issuances | CA$36.44 Million | +16.71% |
| Other Comprehensive Income | CA$1.24 Million | +0.57% |
| Other Changes | CA$62.35 Million | +28.6% |
| Total Change | CA$- | -10.80% |
Book Value vs Market Value Analysis
This analysis compares First Mining Gold 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: 5.18x
- 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 decreased from 7.40x to 5.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$0.13 | CA$0.93 | x |
| 2006-12-31 | CA$0.04 | CA$0.93 | x |
| 2007-12-31 | CA$0.04 | CA$0.93 | x |
| 2008-12-31 | CA$0.03 | CA$0.93 | x |
| 2009-12-31 | CA$0.01 | CA$0.93 | x |
| 2010-12-31 | CA$0.00 | CA$0.93 | x |
| 2011-12-31 | CA$0.00 | CA$0.93 | x |
| 2012-12-31 | CA$0.04 | CA$0.93 | x |
| 2013-12-31 | CA$0.03 | CA$0.93 | x |
| 2014-12-31 | CA$0.00 | CA$0.93 | x |
| 2015-12-31 | CA$0.99 | CA$0.93 | x |
| 2016-12-31 | CA$0.61 | CA$0.93 | x |
| 2017-12-31 | CA$0.48 | CA$0.93 | x |
| 2018-12-31 | CA$0.46 | CA$0.93 | x |
| 2019-12-31 | CA$0.46 | CA$0.93 | x |
| 2020-12-31 | CA$0.38 | CA$0.93 | x |
| 2021-12-31 | CA$0.32 | CA$0.93 | x |
| 2022-12-31 | CA$0.31 | CA$0.93 | x |
| 2023-12-31 | CA$0.29 | CA$0.93 | x |
| 2024-12-31 | CA$0.25 | CA$0.93 | x |
| 2025-12-31 | CA$0.18 | CA$0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Mining Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -35.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.60x
- Recent ROE (-35.73%) is above the historical average (-45.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -22.21% | 0.00% | 0.00x | 1.03x | CA$-141.36K |
| 2006 | -68.78% | 0.00% | 0.00x | 1.18x | CA$-205.20K |
| 2007 | -25.97% | 0.00% | 0.00x | 1.18x | CA$-74.37K |
| 2008 | -34.39% | 0.00% | 0.00x | 1.13x | CA$-68.30K |
| 2009 | -101.23% | 0.00% | 0.00x | 1.38x | CA$-85.04K |
| 2010 | -347.93% | 0.00% | 0.00x | 2.88x | CA$-61.09K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-36.48K |
| 2012 | -53.16% | 0.00% | 0.00x | 1.05x | CA$-232.98K |
| 2013 | -25.95% | 0.00% | 0.00x | 1.10x | CA$-105.29K |
| 2014 | -159.24% | 0.00% | 0.00x | 1.32x | CA$-191.19K |
| 2015 | -4.86% | 0.00% | 0.00x | 1.05x | CA$-15.54 Million |
| 2016 | -4.19% | 0.00% | 0.00x | 1.01x | CA$-37.78 Million |
| 2017 | -4.23% | 0.00% | 0.00x | 1.00x | CA$-37.65 Million |
| 2018 | -4.53% | 0.00% | 0.00x | 1.00x | CA$-37.34 Million |
| 2019 | -2.65% | 0.00% | 0.00x | 1.02x | CA$-33.19 Million |
| 2020 | -14.07% | 0.00% | 0.00x | 1.24x | CA$-58.62 Million |
| 2021 | -27.63% | 0.00% | 0.00x | 1.16x | CA$-84.27 Million |
| 2022 | -6.71% | 0.00% | 0.00x | 1.17x | CA$-38.05 Million |
| 2023 | -2.95% | 0.00% | 0.00x | 1.20x | CA$-30.88 Million |
| 2024 | -6.26% | 0.00% | 0.00x | 1.21x | CA$-39.76 Million |
| 2025 | -35.73% | 0.00% | 0.00x | 1.60x | CA$-99.72 Million |
Industry Comparison
This section compares First Mining Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,308,382,671
- Average return on equity (ROE) among peers: -24.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Mining Gold Corp (FF) | CA$222.56 Million | -22.21% | 0.67x | $931.22 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.00 Billion |
| Abcourt Mines Inc. (ABI) | $300.17K | -2.15% | 0.07x | $73.38 Million |
| Barrick Gold Corp (ABX) | $32.00 Billion | 3.97% | 0.43x | $76.39 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $176.40 Million |
| Agnico Eagle Mines Limited (AEM) | $136.46 Million | -3.79% | 1.67x | $104.69 Billion |
| Alamos Gold Inc (AGI) | $459.00 Million | 14.31% | 0.15x | $15.80 Billion |
| AIS Resources Ltd (AIS) | $518.51K | -105.66% | 0.18x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $808.42K | -88.14% | 0.70x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $35.69 Million | -9.71% | 0.02x | $24.82 Million |
About First Mining Gold Corp
First Mining Gold Corp. acquires, develops, and explores mineral properties in Canada. It primarily explores gold and silver deposits. The company holds interests in the Springpole Gold Project covering an area of approximately 800 hectares located in northwestern Ontario; and Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada. First Mining … Read more