Orezone Gold Corp (ORE) - Net Assets

Latest as of December 2025: CA$409.78 Million CAD ≈ $296.43 Million USD

Based on the latest financial reports, Orezone Gold Corp (ORE) has net assets worth CA$409.78 Million CAD (≈ $296.43 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$665.64 Million ≈ $481.52 Million USD) and total liabilities (CA$255.87 Million ≈ $185.09 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 Orezone Gold Corp (ORE) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$409.78 Million
% of Total Assets	61.56%
Annual Growth Rate	23.39%
5-Year Change	660.59%
10-Year Change	1904.48%
Growth Volatility	161.21

Orezone Gold Corp - Net Assets Trend (1997–2025)

This chart illustrates how Orezone Gold Corp's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Orezone Gold Corp to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Orezone Gold Corp (1997–2025)

The table below shows the annual net assets of Orezone Gold Corp from 1997 to 2025. For live valuation and market cap data, see Orezone Gold Corp market cap and net worth.

Year	Net Assets	Change
2025-12-31	CA$409.78 Million ≈ $296.43 Million	+55.22%
2024-12-31	CA$264.00 Million ≈ $190.98 Million	+80.38%
2023-12-31	CA$146.36 Million ≈ $105.88 Million	+108.12%
2022-12-31	CA$70.33 Million ≈ $50.87 Million	+30.53%
2021-12-31	CA$53.88 Million ≈ $38.97 Million	+455.81%
2020-12-31	CA$9.69 Million ≈ $7.01 Million	-24.79%
2019-12-31	CA$12.89 Million ≈ $9.32 Million	-59.94%
2018-12-31	CA$32.17 Million ≈ $23.27 Million	+128.70%
2017-12-31	CA$14.07 Million ≈ $10.18 Million	-31.19%
2016-12-31	CA$20.44 Million ≈ $14.79 Million	+489.87%
2015-12-31	CA$3.47 Million ≈ $2.51 Million	-46.39%
2014-12-31	CA$6.46 Million ≈ $4.68 Million	-64.20%
2013-12-31	CA$18.06 Million ≈ $13.06 Million	-45.28%
2012-12-31	CA$33.00 Million ≈ $23.87 Million	-5.54%
2011-12-31	CA$34.93 Million ≈ $25.27 Million	-64.79%
2010-12-31	CA$99.21 Million ≈ $71.77 Million	+178.10%
2009-12-31	CA$35.68 Million ≈ $25.81 Million	+12.98%
2008-12-31	CA$31.58 Million ≈ $22.84 Million	-89.69%
2007-12-31	CA$306.19 Million ≈ $221.50 Million	+508.61%
2006-12-31	CA$50.31 Million ≈ $36.39 Million	-0.56%
2005-12-31	CA$50.60 Million ≈ $36.60 Million	+100.88%
2004-12-31	CA$25.19 Million ≈ $18.22 Million	+12.77%
2003-12-31	CA$22.33 Million ≈ $16.16 Million	+144.45%
2002-12-31	CA$9.14 Million ≈ $6.61 Million	+244.18%
2001-12-31	CA$2.65 Million ≈ $1.92 Million	-21.01%
2000-12-31	CA$3.36 Million ≈ $2.43 Million	+9.69%
1999-12-31	CA$3.06 Million ≈ $2.22 Million	+115.21%
1998-12-31	CA$1.42 Million ≈ $1.03 Million	+25.04%
1997-12-31	CA$1.14 Million ≈ $823.62K	--

Equity Component Analysis

This analysis shows how different components contribute to Orezone 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 7070245600.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$440.49 Million	110.32%
Other Comprehensive Income	CA$27.19 Million	6.81%
Other Components	CA$5.46 Million	1.37%
Total Equity	CA$399.29 Million	100.00%

Orezone Gold Corp Competitors by Market Cap

The table below lists competitors of Orezone Gold Corp ranked by their market capitalization.

Company	Market Cap
Anadolu Anonim Turk Sigorta Sti IS:ANSGR	$1.26 Billion
Gold.com, Inc. NASDAQ:GOLD	$1.26 Billion
Ufuk Yatirim Yonetim Ve Gayrimenkul AS IS:UFUK	$1.26 Billion
Jinzhou Jixiang Molybdenum Co Ltd SHG:603399	$1.26 Billion
Teladoc Inc NYSE:TDOC	$1.26 Billion
Qinghai Jinrui Mineral Development Co Ltd SHG:600714	$1.26 Billion
WIZZ AIR HLDG.UNSP.ADR/4 F:WI20	$1.26 Billion
immatics biotechnologies GmbH F:4A3	$1.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Orezone Gold Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 257,780,000 to 399,285,035, a change of 141,505,035 (54.9%).
Net income of 66,035,091 contributed positively to equity growth.
New share issuances of 82,582,000 increased equity.
Other comprehensive income increased equity by 26,867,423.
Other factors decreased equity by 33,979,479.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$66.04 Million	+16.54%
Share Issuances	CA$82.58 Million	+20.68%
Other Comprehensive Income	CA$26.87 Million	+6.73%
Other Changes	CA$-33.98 Million	-8.51%
Total Change	CA$-	54.89%

Book Value vs Market Value Analysis

This analysis compares Orezone 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: 3.96x
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 13.27x to 3.96x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	CA$0.20	CA$2.61	x
1998-12-31	CA$0.13	CA$2.61	x
1999-12-31	CA$0.22	CA$2.61	x
2000-12-31	CA$0.19	CA$2.61	x
2001-12-31	CA$0.12	CA$2.61	x
2002-12-31	CA$0.26	CA$2.61	x
2003-12-31	CA$0.28	CA$2.61	x
2004-12-31	CA$0.19	CA$2.61	x
2005-12-31	CA$0.48	CA$2.61	x
2006-12-31	CA$0.47	CA$2.61	x
2007-12-31	CA$2.84	CA$2.61	x
2008-12-31	CA$0.71	CA$2.61	x
2009-12-31	CA$0.66	CA$2.61	x
2010-12-31	CA$1.45	CA$2.61	x
2011-12-31	CA$0.42	CA$2.61	x
2012-12-31	CA$0.39	CA$2.61	x
2013-12-31	CA$0.21	CA$2.61	x
2014-12-31	CA$0.07	CA$2.61	x
2015-12-31	CA$0.03	CA$2.61	x
2016-12-31	CA$0.15	CA$2.61	x
2017-12-31	CA$0.09	CA$2.61	x
2018-12-31	CA$0.20	CA$2.61	x
2019-12-31	CA$0.10	CA$2.61	x
2020-12-31	CA$0.08	CA$2.61	x
2021-12-31	CA$0.20	CA$2.61	x
2022-12-31	CA$0.23	CA$2.61	x
2023-12-31	CA$0.40	CA$2.61	x
2024-12-31	CA$0.60	CA$2.61	x
2025-12-31	CA$0.66	CA$2.61	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Orezone 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): 16.54%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.23%
• Asset Turnover: 0.58x
• Equity Multiplier: 1.67x
Recent ROE (16.54%) is above the historical average (-36.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	-14.75%	-23003698.63%	0.00x	1.04x	CA$-281.78K
1998	-35.50%	-77761076.92%	0.00x	1.20x	CA$-647.81K
1999	-15.47%	-68695652.17%	0.00x	1.02x	CA$-780.38K
2000	-6.96%	-17587744.36%	0.00x	1.04x	CA$-569.98K
2001	-25.24%	0.00%	0.00x	1.11x	CA$-935.46K
2002	-2.47%	0.00%	0.00x	1.12x	CA$-1.14 Million
2003	-8.29%	0.00%	0.00x	1.07x	CA$-4.08 Million
2004	-5.32%	0.00%	0.00x	1.04x	CA$-3.86 Million
2005	-10.52%	0.00%	0.00x	1.07x	CA$-10.38 Million
2006	-2.12%	0.00%	0.00x	1.03x	CA$-6.10 Million
2007	-1.00%	0.00%	0.00x	1.02x	CA$-33.67 Million
2008	-40.56%	0.00%	0.00x	1.01x	CA$-15.97 Million
2009	-4.91%	0.00%	0.00x	1.01x	CA$-5.32 Million
2010	1.35%	0.00%	0.00x	1.03x	CA$-8.44 Million
2011	-86.08%	0.00%	0.00x	1.03x	CA$-33.79 Million
2012	-14.48%	0.00%	0.00x	1.06x	CA$-8.08 Million
2013	-121.65%	0.00%	0.00x	1.02x	CA$-23.77 Million
2014	-168.56%	0.00%	0.00x	1.20x	CA$-11.54 Million
2015	-218.34%	0.00%	0.00x	2.01x	CA$-7.91 Million
2016	-26.90%	0.00%	0.00x	1.22x	CA$-7.54 Million
2017	-62.34%	0.00%	0.00x	1.04x	CA$-10.18 Million
2018	-38.73%	0.00%	0.00x	0.91x	CA$-18.84 Million
2019	-99.84%	0.00%	0.00x	0.80x	CA$-22.95 Million
2020	-89.67%	0.00%	0.00x	0.66x	CA$-19.63 Million
2021	-29.07%	0.00%	0.00x	2.20x	CA$-25.00 Million
2022	1.18%	2.14%	0.17x	3.19x	CA$-6.98 Million
2023	28.98%	15.89%	0.85x	2.15x	CA$28.26 Million
2024	21.61%	19.65%	0.63x	1.74x	CA$29.93 Million
2025	16.54%	17.23%	0.58x	1.67x	CA$26.11 Million

Industry Comparison

This section compares Orezone Gold Corp's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $3,457,076,334
Average return on equity (ROE) among peers: -12.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Orezone Gold Corp (ORE)	CA$409.78 Million	-14.75%	0.62x	$1.26 Billion
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$3.29 Billion
Abcourt Mines Inc. (ABI)	$3.33 Million	-20.67%	0.04x	$77.46 Million
Barrick Gold Corp (ABX)	$32.31 Billion	6.26%	0.45x	$70.55 Billion
American Eagle Gold Corp (AE)	$35.20 Million	-22.32%	0.04x	$142.56 Million
Agnico Eagle Mines Limited (AEM)	$2.06 Billion	6.77%	0.33x	$86.35 Billion
Alamos Gold Inc (AGI)	$25.69 Million	-7.53%	0.11x	$15.94 Billion
AIS Resources Ltd (AIS)	$479.48K	-11.79%	0.06x	$2.79 Million
Alliance Mining Corp (ALM)	$-655.60K	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$24.24 Million	-6.73%	0.03x	$41.82 Million
Almaden Minerals Ltd (AMM)	$5.18 Million	-58.59%	0.09x	$24.82 Million

About Orezone Gold Corp

TO:ORE Canada Gold

Market Cap

$1.26 Billion

CA$1.74 Billion CAD

Market Cap Rank

#8070 Global

#250 in Canada

Share Price

CA$2.61

Change (1 day)

-0.76%

52-Week Range

CA$1.08 - CA$2.91

All Time High

CA$2.91