Minco Silver Corporation (MSV) - Net Assets
Based on the latest financial reports, Minco Silver Corporation (MSV) has net assets worth CA$52.58 Million CAD (≈ $38.03 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$54.31 Million ≈ $39.29 Million USD) and total liabilities (CA$1.73 Million ≈ $1.25 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 Minco Silver Corporation assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$52.58 Million |
| % of Total Assets | 96.81% |
| Annual Growth Rate | 14.77% |
| 5-Year Change | 16.37% |
| 10-Year Change | -52.77% |
| Growth Volatility | 56.14 |
Minco Silver Corporation - Net Assets Trend (2004–2025)
This chart illustrates how Minco Silver Corporation's net assets have evolved over time, based on quarterly financial data. Check Minco Silver Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Minco Silver Corporation (2004–2025)
The table below shows the annual net assets of Minco Silver Corporation from 2004 to 2025. For live valuation and market cap data, see MSV company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$52.58 Million ≈ $38.03 Million |
+23.71% |
| 2024-12-31 | CA$42.50 Million ≈ $30.74 Million |
+0.42% |
| 2023-12-31 | CA$42.32 Million ≈ $30.62 Million |
-12.15% |
| 2022-12-31 | CA$48.17 Million ≈ $34.85 Million |
+6.62% |
| 2021-12-31 | CA$45.18 Million ≈ $32.68 Million |
-1.27% |
| 2020-12-31 | CA$45.77 Million ≈ $33.11 Million |
+1.62% |
| 2019-12-31 | CA$45.04 Million ≈ $32.58 Million |
-59.58% |
| 2018-12-31 | CA$111.44 Million ≈ $80.61 Million |
+2.29% |
| 2017-12-31 | CA$108.94 Million ≈ $78.81 Million |
-2.13% |
| 2016-12-31 | CA$111.32 Million ≈ $80.53 Million |
-9.29% |
| 2015-12-31 | CA$122.71 Million ≈ $88.77 Million |
+33.18% |
| 2014-12-31 | CA$92.15 Million ≈ $66.66 Million |
-0.04% |
| 2013-12-31 | CA$92.19 Million ≈ $66.69 Million |
+4.76% |
| 2012-12-31 | CA$88.00 Million ≈ $63.66 Million |
-0.69% |
| 2011-12-31 | CA$88.61 Million ≈ $64.10 Million |
+109.54% |
| 2010-12-31 | CA$42.29 Million ≈ $30.59 Million |
+58.88% |
| 2009-12-31 | CA$26.62 Million ≈ $19.25 Million |
+68.66% |
| 2008-12-31 | CA$15.78 Million ≈ $11.42 Million |
+15.61% |
| 2007-12-31 | CA$13.65 Million ≈ $9.87 Million |
-27.47% |
| 2006-12-31 | CA$18.82 Million ≈ $13.61 Million |
+197.40% |
| 2005-12-31 | CA$6.33 Million ≈ $4.58 Million |
+117.28% |
| 2004-12-31 | CA$2.91 Million ≈ $2.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minco Silver Corporation'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 8611481700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$108.03 Million | 199.95% |
| Other Comprehensive Income | CA$3.53 Million | 6.54% |
| Other Components | CA$28.73 Million | 53.18% |
| Total Equity | CA$54.03 Million | 100.00% |
Minco Silver Corporation Competitors by Market Cap
The table below lists competitors of Minco Silver Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neo Battery Materials Ord Shs
V:NBM
|
$29.60 Million |
|
I Yuan Precision Ind Co Ltd
TWO:2235
|
$29.62 Million |
|
A2Z Infra Engineering Limited
NSE:A2ZINFRA
|
$29.62 Million |
|
Astoria Investments Ltd
JSE:ARA
|
$29.62 Million |
|
UMediC Group Berhad
KLSE:0256
|
$29.57 Million |
|
Varengold Bank AG
F:VG8
|
$29.57 Million |
|
Mepet Metro Petrol ve Tesisleri Sanayi Ticaret AS
IS:MEPET
|
$29.57 Million |
|
Pacific Booker Minerals Inc.
V:BKM
|
$29.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minco Silver Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 43,894,814 to 54,026,936, a change of 10,132,122 (23.1%).
- Net income of 9,870,508 contributed positively to equity growth.
- Share repurchases of 127,500 reduced equity.
- Other comprehensive income decreased equity by 105,282.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$9.87 Million | +18.27% |
| Share Repurchases | CA$127.50K | -0.24% |
| Other Comprehensive Income | CA$-105.28K | -0.19% |
| Other Changes | CA$494.40K | +0.92% |
| Total Change | CA$- | 23.08% |
Book Value vs Market Value Analysis
This analysis compares Minco Silver Corporation'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: 1.03x
- 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 4.79x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$0.19 | CA$0.89 | x |
| 2005-12-31 | CA$0.28 | CA$0.89 | x |
| 2006-12-31 | CA$0.73 | CA$0.89 | x |
| 2007-12-31 | CA$0.44 | CA$0.89 | x |
| 2008-12-31 | CA$0.50 | CA$0.89 | x |
| 2009-12-31 | CA$0.79 | CA$0.89 | x |
| 2010-12-31 | CA$0.97 | CA$0.89 | x |
| 2011-12-31 | CA$1.55 | CA$0.89 | x |
| 2012-12-31 | CA$1.49 | CA$0.89 | x |
| 2013-12-31 | CA$1.56 | CA$0.89 | x |
| 2014-12-31 | CA$1.55 | CA$0.89 | x |
| 2015-12-31 | CA$1.84 | CA$0.89 | x |
| 2016-12-31 | CA$1.67 | CA$0.89 | x |
| 2017-12-31 | CA$1.61 | CA$0.89 | x |
| 2018-12-31 | CA$1.65 | CA$0.89 | x |
| 2019-12-31 | CA$0.76 | CA$0.89 | x |
| 2020-12-31 | CA$0.77 | CA$0.89 | x |
| 2021-12-31 | CA$0.76 | CA$0.89 | x |
| 2022-12-31 | CA$0.81 | CA$0.89 | x |
| 2023-12-31 | CA$0.72 | CA$0.89 | x |
| 2024-12-31 | CA$0.72 | CA$0.89 | x |
| 2025-12-31 | CA$0.87 | CA$0.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minco Silver Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (18.27%) is above the historical average (-12.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -5.18% | 0.00% | 0.00x | 1.04x | CA$-442.18K |
| 2005 | -43.19% | 0.00% | 0.00x | 1.19x | CA$-3.37 Million |
| 2006 | -22.62% | 0.00% | 0.00x | 1.10x | CA$-6.14 Million |
| 2007 | -53.30% | 0.00% | 0.00x | 1.41x | CA$-8.64 Million |
| 2008 | -14.54% | 0.00% | 0.00x | 1.12x | CA$-3.87 Million |
| 2009 | -15.95% | 0.00% | 0.00x | 1.09x | CA$-6.91 Million |
| 2010 | -9.84% | 0.00% | 0.00x | 1.03x | CA$-8.39 Million |
| 2011 | -6.74% | 0.00% | 0.00x | 1.01x | CA$-14.83 Million |
| 2012 | -5.31% | 0.00% | 0.00x | 1.01x | CA$-13.48 Million |
| 2013 | -3.24% | 0.00% | 0.00x | 1.01x | CA$-12.21 Million |
| 2014 | -1.81% | 0.00% | 0.00x | 1.00x | CA$-10.88 Million |
| 2015 | 6.21% | 0.00% | 0.00x | 1.12x | CA$-4.17 Million |
| 2016 | -2.22% | 0.00% | 0.00x | 1.12x | CA$-12.22 Million |
| 2017 | -5.19% | 0.00% | 0.00x | 1.12x | CA$-14.86 Million |
| 2018 | -0.05% | 0.00% | 0.00x | 1.12x | CA$-10.06 Million |
| 2019 | -105.41% | 0.00% | 0.00x | 1.00x | CA$-53.34 Million |
| 2020 | -2.40% | 0.00% | 0.00x | 1.00x | CA$-5.83 Million |
| 2021 | -3.33% | 0.00% | 0.00x | 1.05x | CA$-6.19 Million |
| 2022 | 6.35% | 0.00% | 0.00x | 1.06x | CA$-1.81 Million |
| 2023 | -9.20% | 0.00% | 0.00x | 1.05x | CA$-8.39 Million |
| 2024 | -4.67% | 0.00% | 0.00x | 1.02x | CA$-6.44 Million |
| 2025 | 18.27% | 0.00% | 0.00x | 1.01x | CA$4.47 Million |
Industry Comparison
This section compares Minco Silver Corporation's net assets metrics with peer companies in the Silver industry.
Industry Context
- Industry: Silver
- Average net assets among peers: $58,240,966
- Average return on equity (ROE) among peers: -60.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minco Silver Corporation (MSV) | CA$52.58 Million | -5.18% | 0.03x | $29.58 Million |
| Silver Mountain Resources Inc (AGMR) | $30.87 Million | -8.41% | 0.08x | $158.25 Million |
| Americore Resources Corp. (AMCO) | $6.59 Million | -26.65% | 0.01x | $3.42 Million |
| Apollo Silver Corp (APGO) | $2.62 Million | -38.01% | 0.09x | $118.83 Million |
| Aya Gold & Silver Inc (AYA) | $16.37 Million | -20.01% | 0.76x | $2.85 Billion |
| Hercules Metals Corp. (BIG) | $1.46 Million | -225.96% | 0.35x | $169.66 Million |
| Bunker Hill Mining Corp. (BNKR) | $-26.37 Million | 0.00% | 0.00x | $307.44 Million |
| Dolly Varden Silver Corporation (DV) | $6.56 Million | -127.79% | 0.05x | $247.57 Million |
| Endeavour Silver Corp. (EDR) | $484.44 Million | -6.50% | 0.48x | $2.25 Billion |
| Excellon Resources Inc. (EXN) | $32.72 Million | -13.91% | 0.14x | $12.37 Million |
| Guanajuato Silver Company Ltd (GSVR) | $27.15 Million | -137.69% | 2.85x | $231.01 Million |
About Minco Silver Corporation
Minco Silver Corporation engages in the exploration, evaluation, and development of precious metals and other mineral properties and projects in Canada and China. It primarily explores silver, gold, lead, and zinc deposits. The company's flagship mineral property interest is the Fuwan Project which hold three permits covering an area of 125.74 square kilometers located in the Guangdong Province, … Read more