GoGold Resources Inc. (GGD) - Net Assets
Based on the latest financial reports, GoGold Resources Inc. (GGD) has net assets worth CA$480.91 Million CAD (≈ $347.88 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$533.86 Million ≈ $386.18 Million USD) and total liabilities (CA$52.95 Million ≈ $38.30 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 GGD 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$480.91 Million |
| % of Total Assets | 90.08% |
| Annual Growth Rate | 73.42% |
| 5-Year Change | 74.67% |
| 10-Year Change | 308.94% |
| Growth Volatility | 430.19 |
GoGold Resources Inc. - Net Assets Trend (2008–2025)
This chart illustrates how GoGold Resources Inc.'s net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of GoGold Resources Inc. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GoGold Resources Inc. (2008–2025)
The table below shows the annual net assets of GoGold Resources Inc. from 2008 to 2025. For live valuation and market cap data, see how much is GoGold Resources Inc. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | CA$360.27 Million ≈ $260.61 Million |
+26.63% |
| 2024-09-30 | CA$284.50 Million ≈ $205.81 Million |
+1.05% |
| 2023-09-30 | CA$281.56 Million ≈ $203.67 Million |
+17.15% |
| 2022-09-30 | CA$240.33 Million ≈ $173.85 Million |
+16.52% |
| 2021-09-30 | CA$206.26 Million ≈ $149.21 Million |
+20.74% |
| 2020-09-30 | CA$170.83 Million ≈ $123.58 Million |
+134.62% |
| 2019-09-30 | CA$72.81 Million ≈ $52.67 Million |
+23.55% |
| 2018-09-30 | CA$58.93 Million ≈ $42.63 Million |
-32.90% |
| 2017-09-30 | CA$87.83 Million ≈ $63.53 Million |
-0.31% |
| 2016-09-30 | CA$88.10 Million ≈ $63.73 Million |
-15.17% |
| 2015-09-30 | CA$103.86 Million ≈ $75.13 Million |
+6.17% |
| 2014-09-30 | CA$97.82 Million ≈ $70.76 Million |
+4.31% |
| 2013-09-30 | CA$93.78 Million ≈ $67.84 Million |
-3.02% |
| 2012-09-30 | CA$96.71 Million ≈ $69.96 Million |
+464.59% |
| 2011-09-30 | CA$17.13 Million ≈ $12.39 Million |
+1389.87% |
| 2010-09-30 | CA$1.15 Million ≈ $831.65K |
+165.41% |
| 2009-09-30 | CA$433.16K ≈ $313.34K |
+1294.43% |
| 2008-09-30 | CA$31.06K ≈ $22.47K |
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Equity Component Analysis
This analysis shows how different components contribute to GoGold Resources Inc.'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 1545606400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$369.87 Million | 102.67% |
| Other Comprehensive Income | CA$-8.81 Million | -2.45% |
| Other Components | CA$14.70 Million | 4.08% |
| Total Equity | CA$360.27 Million | 100.00% |
GoGold Resources Inc. Competitors by Market Cap
The table below lists competitors of GoGold Resources Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shunfa Hengye Corp
SHE:000631
|
$1.06 Billion |
|
Jiangsu Seagull Cooling Tower
SHG:603269
|
$1.06 Billion |
|
Sunflower Pharmaceuticals Group Co Ltd
SHE:002737
|
$1.06 Billion |
|
Tandem Diabetes Care Inc
NASDAQ:TNDM
|
$1.06 Billion |
|
Prospect Capital Corporation
NASDAQ:PSEC
|
$1.06 Billion |
|
Zhejiang Guyuelongshan Shaoxing Wine Co Ltd
SHG:600059
|
$1.06 Billion |
|
Beijing eGOVA
SHE:300075
|
$1.06 Billion |
|
Formosa Advanced Technologies Co Ltd
TW:8131
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GoGold Resources Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 284,505,000 to 360,266,000, a change of 75,761,000 (26.6%).
- Net income of 17,331,000 contributed positively to equity growth.
- Share repurchases of 57,584,000 reduced equity.
- New share issuances of 57,294,000 increased equity.
- Other comprehensive income decreased equity by 222,000.
- Other factors increased equity by 58,942,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$17.33 Million | +4.81% |
| Share Repurchases | CA$57.58 Million | -15.98% |
| Share Issuances | CA$57.29 Million | +15.9% |
| Other Comprehensive Income | CA$-222.00K | -0.06% |
| Other Changes | CA$58.94 Million | +16.36% |
| Total Change | CA$- | 26.63% |
Book Value vs Market Value Analysis
This analysis compares GoGold Resources Inc.'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: 3.37x
- 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 39.02x to 3.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-09-30 | CA$0.09 | CA$3.38 | x |
| 2010-09-30 | CA$0.08 | CA$3.38 | x |
| 2011-09-30 | CA$0.39 | CA$3.38 | x |
| 2012-09-30 | CA$1.34 | CA$3.38 | x |
| 2013-09-30 | CA$0.73 | CA$3.38 | x |
| 2014-09-30 | CA$0.70 | CA$3.38 | x |
| 2015-09-30 | CA$0.65 | CA$3.38 | x |
| 2016-09-30 | CA$0.53 | CA$3.38 | x |
| 2017-09-30 | CA$0.51 | CA$3.38 | x |
| 2018-09-30 | CA$0.34 | CA$3.38 | x |
| 2019-09-30 | CA$0.41 | CA$3.38 | x |
| 2020-09-30 | CA$0.79 | CA$3.38 | x |
| 2021-09-30 | CA$0.73 | CA$3.38 | x |
| 2022-09-30 | CA$0.80 | CA$3.38 | x |
| 2023-09-30 | CA$0.89 | CA$3.38 | x |
| 2024-09-30 | CA$0.87 | CA$3.38 | x |
| 2025-09-30 | CA$1.00 | CA$3.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GoGold Resources Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.90%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.10x
- Recent ROE (4.81%) is above the historical average (-13.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -139.72% | 0.00% | 0.00x | 1.36x | CA$-46.51K |
| 2009 | -1.74% | 0.00% | 0.00x | 1.02x | CA$-50.85K |
| 2010 | -27.10% | 0.00% | 0.00x | 1.04x | CA$-426.56K |
| 2011 | -4.35% | 0.00% | 0.00x | 1.26x | CA$-2.46 Million |
| 2012 | -2.53% | 0.00% | 0.00x | 1.01x | CA$-12.11 Million |
| 2013 | -3.77% | 0.00% | 0.00x | 1.16x | CA$-12.91 Million |
| 2014 | -6.60% | 0.00% | 0.00x | 1.38x | CA$-16.24 Million |
| 2015 | -5.86% | -48.57% | 0.09x | 1.35x | CA$-16.47 Million |
| 2016 | -23.31% | -122.97% | 0.12x | 1.60x | CA$-29.35 Million |
| 2017 | -0.66% | -3.43% | 0.11x | 1.82x | CA$-9.37 Million |
| 2018 | -74.14% | -207.90% | 0.33x | 1.10x | CA$-49.59 Million |
| 2019 | 11.14% | 30.08% | 0.32x | 1.16x | CA$832.90K |
| 2020 | 25.26% | 109.10% | 0.22x | 1.07x | CA$26.07 Million |
| 2021 | 3.43% | 13.30% | 0.24x | 1.09x | CA$-13.55 Million |
| 2022 | 0.29% | 1.92% | 0.14x | 1.10x | CA$-23.34 Million |
| 2023 | -2.80% | -26.07% | 0.10x | 1.07x | CA$-36.05 Million |
| 2024 | 0.56% | 4.33% | 0.12x | 1.10x | CA$-26.87 Million |
| 2025 | 4.81% | 23.90% | 0.18x | 1.10x | CA$-18.70 Million |
Industry Comparison
This section compares GoGold Resources Inc.'s net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GoGold Resources Inc. (GGD) | CA$480.91 Million | -139.72% | 0.11x | $1.06 Billion |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About GoGold Resources Inc.
GoGold Resources Inc. engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral. The c… Read more