GoldMining Inc (GOLD) - Net Assets
Based on the latest financial reports, GoldMining Inc (GOLD) has net assets worth CA$229.60 Million CAD (≈ $166.09 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$237.96 Million ≈ $172.14 Million USD) and total liabilities (CA$8.36 Million ≈ $6.05 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 GoldMining Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$229.60 Million |
| % of Total Assets | 96.49% |
| Annual Growth Rate | 27.24% |
| 5-Year Change | 30.67% |
| 10-Year Change | 315.04% |
| Growth Volatility | 71.2 |
GoldMining Inc - Net Assets Trend (2010–2025)
This chart illustrates how GoldMining Inc's net assets have evolved over time, based on quarterly financial data. Also explore GoldMining Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for GoldMining Inc (2010–2025)
The table below shows the annual net assets of GoldMining Inc from 2010 to 2025. For live valuation and market cap data, see GoldMining Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$229.60 Million ≈ $166.09 Million |
+99.37% |
| 2024-11-30 | CA$115.16 Million ≈ $83.31 Million |
-13.03% |
| 2023-11-30 | CA$132.41 Million ≈ $95.79 Million |
-1.98% |
| 2022-11-30 | CA$135.09 Million ≈ $97.72 Million |
-23.11% |
| 2021-11-30 | CA$175.70 Million ≈ $127.10 Million |
+168.22% |
| 2020-11-30 | CA$65.51 Million ≈ $47.39 Million |
-0.21% |
| 2019-11-30 | CA$65.65 Million ≈ $47.49 Million |
-6.87% |
| 2018-11-30 | CA$70.49 Million ≈ $50.99 Million |
-6.81% |
| 2017-11-30 | CA$75.64 Million ≈ $54.72 Million |
+36.74% |
| 2016-11-30 | CA$55.32 Million ≈ $40.02 Million |
+167.40% |
| 2015-11-30 | CA$20.69 Million ≈ $14.97 Million |
-14.87% |
| 2014-11-30 | CA$24.30 Million ≈ $17.58 Million |
+1.93% |
| 2013-11-30 | CA$23.84 Million ≈ $17.25 Million |
+44.50% |
| 2012-11-30 | CA$16.50 Million ≈ $11.94 Million |
+177.50% |
| 2011-11-30 | CA$5.95 Million ≈ $4.30 Million |
-3.88% |
| 2010-11-30 | CA$6.19 Million ≈ $4.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GoldMining 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 700265000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$214.39 Million | 94.53% |
| Other Comprehensive Income | CA$20.11 Million | 8.87% |
| Total Equity | CA$226.79 Million | 100.00% |
GoldMining Inc Competitors by Market Cap
The table below lists competitors of GoldMining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eagle High Plantations Tbk
JK:BWPT
|
$244.37 Million |
|
Mecaro Co. Ltd
KQ:241770
|
$244.38 Million |
|
Genfit S.A.
NASDAQ:GNFT
|
$244.43 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class B
IS:KRDMB
|
$244.44 Million |
|
Synnex (Thailand) Public Company Limited
BK:SYNEX
|
$244.31 Million |
|
Shattuck Labs Inc
NASDAQ:STTK
|
$244.26 Million |
|
Formosa Oilseed Processing Co Ltd
TW:1225
|
$244.25 Million |
|
Roda Vivatex Tbk
JK:RDTX
|
$244.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GoldMining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 113,759,000 to 226,793,000, a change of 113,034,000 (99.4%).
- Net loss of 13,478,000 reduced equity.
- New share issuances of 34,056,000 increased equity.
- Other comprehensive income increased equity by 92,790,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-13.48 Million | -5.94% |
| Share Issuances | CA$34.06 Million | +15.02% |
| Other Comprehensive Income | CA$92.79 Million | +40.91% |
| Other Changes | CA$-334.00K | -0.15% |
| Total Change | CA$- | 99.36% |
Book Value vs Market Value Analysis
This analysis compares GoldMining 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: 1.39x
- 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 8.95x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-11-30 | CA$0.18 | CA$1.58 | x |
| 2011-11-30 | CA$0.18 | CA$1.58 | x |
| 2012-11-30 | CA$0.42 | CA$1.58 | x |
| 2013-11-30 | CA$0.57 | CA$1.58 | x |
| 2014-11-30 | CA$0.34 | CA$1.58 | x |
| 2015-11-30 | CA$0.26 | CA$1.58 | x |
| 2016-11-30 | CA$0.56 | CA$1.58 | x |
| 2017-11-30 | CA$0.61 | CA$1.58 | x |
| 2018-11-30 | CA$0.52 | CA$1.58 | x |
| 2019-11-30 | CA$0.48 | CA$1.58 | x |
| 2020-11-30 | CA$0.44 | CA$1.58 | x |
| 2021-11-30 | CA$1.15 | CA$1.58 | x |
| 2022-11-30 | CA$0.88 | CA$1.58 | x |
| 2023-11-30 | CA$0.75 | CA$1.58 | x |
| 2024-11-30 | CA$0.61 | CA$1.58 | x |
| 2025-11-30 | CA$1.14 | CA$1.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GoldMining Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-5.94%) is above the historical average (-13.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -10.91% | 0.00% | 0.00x | 1.02x | CA$-1.29 Million |
| 2011 | -52.93% | 0.00% | 0.00x | 1.07x | CA$-3.74 Million |
| 2012 | -27.50% | 0.00% | 0.00x | 1.05x | CA$-6.19 Million |
| 2013 | -23.08% | 0.00% | 0.00x | 1.09x | CA$-7.89 Million |
| 2014 | -20.78% | 0.00% | 0.00x | 1.07x | CA$-7.48 Million |
| 2015 | -20.38% | 0.00% | 0.00x | 1.10x | CA$-6.28 Million |
| 2016 | -13.62% | 0.00% | 0.00x | 1.05x | CA$-13.07 Million |
| 2017 | -10.21% | 0.00% | 0.00x | 1.05x | CA$-15.29 Million |
| 2018 | -9.36% | 0.00% | 0.00x | 1.04x | CA$-13.64 Million |
| 2019 | -9.37% | 0.00% | 0.00x | 1.04x | CA$-12.71 Million |
| 2020 | -17.24% | 0.00% | 0.00x | 1.08x | CA$-17.52 Million |
| 2021 | 57.12% | 0.00% | 0.00x | 1.14x | CA$82.78 Million |
| 2022 | -9.77% | 0.00% | 0.00x | 1.09x | CA$-26.71 Million |
| 2023 | -22.25% | 0.00% | 0.00x | 1.06x | CA$-41.69 Million |
| 2024 | -22.23% | 0.00% | 0.00x | 1.06x | CA$-36.66 Million |
| 2025 | -5.94% | 0.00% | 0.00x | 1.05x | CA$-36.16 Million |
Industry Comparison
This section compares GoldMining Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,760,003,957
- Average return on equity (ROE) among peers: -45.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GoldMining Inc (GOLD) | CA$229.60 Million | -10.91% | 0.04x | $244.31 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $7.35 Million | -6.57% | 0.04x | $86.06 Million |
| Barrick Gold Corp (ABX) | $33.26 Billion | 6.45% | 0.43x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $-27.08K | 0.00% | 0.00x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $4.14 Billion | 0.59% | 0.61x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $77.65 Million | -12.17% | 0.63x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.30 Million | -39.03% | 0.30x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $305.15K | -342.52% | 0.51x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About GoldMining Inc
GoldMining Inc., a mineral exploration company, engages in the acquisition, exploration, and development of projects in Canada, the United States, Brazil, Colombia, and Peru. The company explores for gold, copper, silver, and uranium deposits. Its principal projects include the 100% owned La Mina gold project, which comprises two concessions covering 3,208 hectares located southwest of Medellin i… Read more