First Mining Gold Corp (FF) - Net Assets
Based on the latest financial reports, First Mining Gold Corp (FF) has net assets worth CA$236.40 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$334.02 Million) and total liabilities (CA$97.62 Million). 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 | CA$236.40 Million |
| % of Total Assets | 70.77% |
| Annual Growth Rate | 39.48% |
| 5-Year Change | 0.37% |
| 10-Year Change | 133.78% |
| Growth Volatility | 21183.26 |
First Mining Gold Corp - Net Assets Trend (2005–2024)
This chart illustrates how First Mining Gold 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 First Mining Gold Corp (2005–2024)
The table below shows the annual net assets of First Mining Gold Corp from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$244.44 Million | +2.54% |
| 2023-12-31 | CA$238.39 Million | +4.71% |
| 2022-12-31 | CA$227.67 Million | +1.67% |
| 2021-12-31 | CA$223.93 Million | -8.06% |
| 2020-12-31 | CA$243.55 Million | -7.16% |
| 2019-12-31 | CA$262.33 Million | +2.09% |
| 2018-12-31 | CA$256.95 Million | -2.91% |
| 2017-12-31 | CA$264.65 Million | -0.59% |
| 2016-12-31 | CA$266.23 Million | +154.62% |
| 2015-12-31 | CA$104.56 Million | +92455.89% |
| 2014-12-31 | CA$112.97K | -61.43% |
| 2013-12-31 | CA$292.87K | -20.60% |
| 2012-12-31 | CA$368.87K | +1809.85% |
| 2011-12-31 | CA$-21.57K | -226.39% |
| 2010-12-31 | CA$17.07K | -77.68% |
| 2009-12-31 | CA$76.46K | -50.31% |
| 2008-12-31 | CA$153.85K | -25.59% |
| 2007-12-31 | CA$206.77K | -20.62% |
| 2006-12-31 | CA$260.46K | -40.66% |
| 2005-12-31 | CA$438.92K | -- |
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 18079753600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$373.63 Million | 152.85% |
| Other Comprehensive Income | CA$-5.41 Million | -2.21% |
| Other Components | CA$57.11 Million | 23.36% |
| Total Equity | CA$244.44 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 |
|---|---|
|
GHCL Limited
NSE:GHCL
|
$510.89 Million |
|
PVA TePla AG
XETRA:TPE
|
$510.97 Million |
|
JPP Holding Company Limited
TW:5284
|
$511.05 Million |
|
Ningbo Tianyi Medical Appliance Co. Ltd.
SHE:301097
|
$511.17 Million |
|
Ningbo Fangzheng Automobile Mould Co.Ltd.
SHE:300998
|
$510.84 Million |
|
Lassonde Industries Inc
TO:LAS-A
|
$510.64 Million |
|
Kearny Financial Corp
NASDAQ:KRNY
|
$510.61 Million |
|
Solus Advanced Materials Co Ltd
KO:336370
|
$510.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Mining Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 238,394,000 to 244,442,000, a change of 6,048,000 (2.5%).
- Net loss of 15,314,000 reduced equity.
- Share repurchases of 22,353,000 reduced equity.
- New share issuances of 14,303,000 increased equity.
- Other comprehensive income decreased equity by 54,468,000.
- Other factors increased equity by 83,880,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-15.31 Million | -6.26% |
| Share Repurchases | CA$22.35 Million | -9.14% |
| Share Issuances | CA$14.30 Million | +5.85% |
| Other Comprehensive Income | CA$-54.47 Million | -22.28% |
| Other Changes | CA$83.88 Million | +34.31% |
| Total Change | CA$- | 2.54% |
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: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.14x to 2.07x 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$0.52 | x |
| 2006-12-31 | CA$0.04 | CA$0.52 | x |
| 2007-12-31 | CA$0.04 | CA$0.52 | x |
| 2008-12-31 | CA$0.03 | CA$0.52 | x |
| 2009-12-31 | CA$0.01 | CA$0.52 | x |
| 2010-12-31 | CA$0.00 | CA$0.52 | x |
| 2011-12-31 | CA$0.00 | CA$0.52 | x |
| 2012-12-31 | CA$0.04 | CA$0.52 | x |
| 2013-12-31 | CA$0.03 | CA$0.52 | x |
| 2014-12-31 | CA$0.00 | CA$0.52 | x |
| 2015-12-31 | CA$0.99 | CA$0.52 | x |
| 2016-12-31 | CA$0.61 | CA$0.52 | x |
| 2017-12-31 | CA$0.48 | CA$0.52 | x |
| 2018-12-31 | CA$0.46 | CA$0.52 | x |
| 2019-12-31 | CA$0.46 | CA$0.52 | x |
| 2020-12-31 | CA$0.38 | CA$0.52 | x |
| 2021-12-31 | CA$0.32 | CA$0.52 | x |
| 2022-12-31 | CA$0.31 | CA$0.52 | x |
| 2023-12-31 | CA$0.29 | CA$0.52 | x |
| 2024-12-31 | CA$0.25 | CA$0.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Mining Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.21x
- Recent ROE (-6.26%) is above the historical average (-45.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -22.21% | 0.00% | 0.00x | 1.03x | CA$-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 |
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: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Mining Gold Corp (FF) | CA$236.40 Million | -22.21% | 0.41x | $510.85 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About First Mining Gold Corp
First Mining Gold Corp. acquires, develops, and explores mineral properties in Canada. It primarily explores for gold and silver deposits. The company holds interests in the Springpole Gold Project located in northwestern Ontario; Duparquet Gold Project, located on the destor-porcupine fault zone in the Abitibi region of Quebec, Canada; and the Cameron Gold Project located approximately 80 km sou… Read more