G2 Goldfields Inc. (GTWO) - Net Assets

Latest as of February 2026: CA$147.19 Million CAD ≈ $106.48 Million USD

Based on the latest financial reports, G2 Goldfields Inc. (GTWO) has net assets worth CA$147.19 Million CAD (≈ $106.48 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$151.17 Million ≈ $109.35 Million USD) and total liabilities (CA$3.98 Million ≈ $2.88 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. Also explore G2 Goldfields Inc. asset portfolio for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$147.19 Million
% of Total Assets	97.37%
Annual Growth Rate	103.93%
5-Year Change	694.54%
10-Year Change	N/A
Growth Volatility	1256.66

G2 Goldfields Inc. - Net Assets Trend (2015–2024)

This chart illustrates how G2 Goldfields Inc.'s net assets have evolved over time, based on quarterly financial data. Check GTWO goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for G2 Goldfields Inc. (2015–2024)

The table below shows the annual net assets of G2 Goldfields Inc. from 2015 to 2024. For live valuation and market cap data, see market value of G2 Goldfields Inc..

Year	Net Assets	Change
2024-11-30	CA$102.48 Million ≈ $74.13 Million	+66.31%
2023-11-30	CA$61.62 Million ≈ $44.57 Million	+48.84%
2022-11-30	CA$41.40 Million ≈ $29.95 Million	+144.54%
2021-11-30	CA$16.93 Million ≈ $12.25 Million	+31.26%
2020-11-30	CA$12.90 Million ≈ $9.33 Million	-34.17%
2019-11-30	CA$19.59 Million ≈ $14.17 Million	+78.82%
2018-11-30	CA$10.96 Million ≈ $7.93 Million	+29.95%
2017-11-30	CA$8.43 Million ≈ $6.10 Million	+21.26%
2016-11-30	CA$6.95 Million ≈ $5.03 Million	+4044.39%
2015-11-30	CA$167.76K ≈ $121.36K	--

Equity Component Analysis

This analysis shows how different components contribute to G2 Goldfields 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 3718308800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (November 2024)

Component	Amount	Percentage
Common Stock	CA$150.43 Million	146.80%
Other Comprehensive Income	CA$-679.02K	-0.66%
Other Components	CA$20.95 Million	20.45%
Total Equity	CA$102.48 Million	100.00%

G2 Goldfields Inc. Competitors by Market Cap

The table below lists competitors of G2 Goldfields Inc. ranked by their market capitalization.

Company	Market Cap
Gujarat State Petronet Limited NSE:GSPL	$1.64 Billion
Flowers Foods Inc NYSE:FLO	$1.64 Billion
Amylyx Pharmaceuticals Inc NASDAQ:AMLX	$1.64 Billion
Global Partners LP NYSE:GLP	$1.64 Billion
Merchants Bancorp NASDAQ:MBIN	$1.64 Billion
Siloam International Hospitals JK:SILO	$1.64 Billion
Monte Rosa Therapeutics Inc NASDAQ:GLUE	$1.64 Billion
Akr Corporindo Tbk JK:AKRA	$1.64 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in G2 Goldfields Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 61,616,975 to 102,477,964, a change of 40,860,989 (66.3%).
Net loss of 10,938,514 reduced equity.
Share repurchases of 43,568,870 reduced equity.
New share issuances of 42,000,000 increased equity.
Other comprehensive income increased equity by 514,294.
Other factors increased equity by 52,854,079.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-10.94 Million	-10.67%
Share Repurchases	CA$43.57 Million	-42.52%
Share Issuances	CA$42.00 Million	+40.98%
Other Comprehensive Income	CA$514.29K	+0.5%
Other Changes	CA$52.85 Million	+51.58%
Total Change	CA$-	66.31%

Book Value vs Market Value Analysis

This analysis compares G2 Goldfields 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: 20.03x
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 245.87x to 20.03x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-11-30	CA$0.04	CA$8.75	x
2016-11-30	CA$0.26	CA$8.75	x
2017-11-30	CA$0.22	CA$8.75	x
2018-11-30	CA$0.20	CA$8.75	x
2019-11-30	CA$0.22	CA$8.75	x
2020-11-30	CA$0.11	CA$8.75	x
2021-11-30	CA$0.13	CA$8.75	x
2022-11-30	CA$0.25	CA$8.75	x
2023-11-30	CA$0.32	CA$8.75	x
2024-11-30	CA$0.44	CA$8.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently G2 Goldfields 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): -10.67%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1737.66%
• Asset Turnover: 0.01x
• Equity Multiplier: 1.02x
Recent ROE (-10.67%) is above the historical average (-29.67%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	-123.52%	0.00%	0.00x	1.44x	CA$-223.99K
2016	-11.08%	0.00%	0.00x	1.04x	CA$-1.47 Million
2017	-7.12%	0.00%	0.00x	1.06x	CA$-1.44 Million
2018	-9.29%	0.00%	0.00x	1.09x	CA$-2.11 Million
2019	-6.19%	-243.76%	0.02x	1.07x	CA$-3.17 Million
2020	-100.14%	-2960.04%	0.03x	1.08x	CA$-14.21 Million
2021	-13.02%	-636.69%	0.02x	1.06x	CA$-3.90 Million
2022	-10.69%	-1402.63%	0.01x	1.05x	CA$-8.57 Million
2023	-5.03%	-583.83%	0.01x	1.04x	CA$-9.26 Million
2024	-10.67%	-1737.66%	0.01x	1.02x	CA$-21.19 Million

Industry Comparison

This section compares G2 Goldfields Inc.'s net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $1,353,474,797
Average return on equity (ROE) among peers: -22.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
G2 Goldfields Inc. (GTWO)	CA$147.19 Million	-123.52%	0.03x	$1.64 Billion
Allied Gold Corporation (AAUC)	$416.30 Million	-27.78%	2.17x	$2.59 Billion
Abcourt Mines Inc. (ABI)	$542.08K	-7.78%	0.16x	$60.24 Million
Barrick Gold Corp (ABX)	$12.86 Billion	-22.60%	1.63x	$59.47 Billion
American Eagle Gold Corp (AE)	$3.52 Million	-143.42%	0.34x	$127.56 Million
Agnico Eagle Mines Limited (AEM)	$127.14 Million	11.88%	1.22x	$69.33 Billion
Alamos Gold Inc (AGI)	$74.89 Million	-5.04%	0.01x	$12.03 Billion
AIS Resources Ltd (AIS)	$4.96 Million	-17.19%	0.24x	$2.79 Million
Alliance Mining Corp (ALM)	$-655.60K	0.00%	0.00x	$1.96 Million
Altamira Gold Corp (ALTA)	$18.80 Million	-9.47%	0.04x	$33.26 Million
Almaden Minerals Ltd (AMM)	$27.26 Million	-3.85%	0.03x	$24.82 Million

About G2 Goldfields Inc.

TO:GTWO Canada Gold

Market Cap

$1.64 Billion

CA$2.26 Billion CAD

Market Cap Rank

#6746 Global

#216 in Canada

Share Price

CA$8.75

Change (1 day)

+1.27%

52-Week Range

CA$2.64 - CA$12.40

All Time High

CA$12.40