Orezone Gold Corp (ORE) - Net Assets
Based on the latest financial reports, Orezone Gold Corp (ORE) has net assets worth CA$409.78 Million CAD 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) and total liabilities (CA$255.87 Million). 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.
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. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$409.78 Million | +55.22% |
| 2024-12-31 | CA$264.00 Million | +80.38% |
| 2023-12-31 | CA$146.36 Million | +108.12% |
| 2022-12-31 | CA$70.33 Million | +30.53% |
| 2021-12-31 | CA$53.88 Million | +455.81% |
| 2020-12-31 | CA$9.69 Million | -24.79% |
| 2019-12-31 | CA$12.89 Million | -59.94% |
| 2018-12-31 | CA$32.17 Million | +128.70% |
| 2017-12-31 | CA$14.07 Million | -31.19% |
| 2016-12-31 | CA$20.44 Million | +489.87% |
| 2015-12-31 | CA$3.47 Million | -46.39% |
| 2014-12-31 | CA$6.46 Million | -64.20% |
| 2013-12-31 | CA$18.06 Million | -45.28% |
| 2012-12-31 | CA$33.00 Million | -5.54% |
| 2011-12-31 | CA$34.93 Million | -64.79% |
| 2010-12-31 | CA$99.21 Million | +178.10% |
| 2009-12-31 | CA$35.68 Million | +12.98% |
| 2008-12-31 | CA$31.58 Million | -89.69% |
| 2007-12-31 | CA$306.19 Million | +508.61% |
| 2006-12-31 | CA$50.31 Million | -0.56% |
| 2005-12-31 | CA$50.60 Million | +100.88% |
| 2004-12-31 | CA$25.19 Million | +12.77% |
| 2003-12-31 | CA$22.33 Million | +144.45% |
| 2002-12-31 | CA$9.14 Million | +244.18% |
| 2001-12-31 | CA$2.65 Million | -21.01% |
| 2000-12-31 | CA$3.36 Million | +9.69% |
| 1999-12-31 | CA$3.06 Million | +115.21% |
| 1998-12-31 | CA$1.42 Million | +25.04% |
| 1997-12-31 | CA$1.14 Million | -- |
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 |
|---|---|
|
Brim hf
IC:BRIM
|
$1.21 Billion |
|
Suzhou Wanxiang Technology Co. Ltd.
SHE:301180
|
$1.21 Billion |
|
Changzhou NRB Corp
SHE:002708
|
$1.21 Billion |
|
Beijing Watertek Information Technology Co Ltd
SHE:300324
|
$1.21 Billion |
|
InnoCare Pharma Ltd. A
SHG:688428
|
$1.21 Billion |
|
Jiangsu Libert Inc
SHG:605167
|
$1.21 Billion |
|
Zhenjiang Dongfang Electric Heat
SHE:300217
|
$1.21 Billion |
|
Tuya Inc.
F:7850
|
$1.21 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: 3.81x
- 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 12.76x to 3.81x 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$2.51 | x |
| 1998-12-31 | CA$0.13 | CA$2.51 | x |
| 1999-12-31 | CA$0.22 | CA$2.51 | x |
| 2000-12-31 | CA$0.19 | CA$2.51 | x |
| 2001-12-31 | CA$0.12 | CA$2.51 | x |
| 2002-12-31 | CA$0.26 | CA$2.51 | x |
| 2003-12-31 | CA$0.28 | CA$2.51 | x |
| 2004-12-31 | CA$0.19 | CA$2.51 | x |
| 2005-12-31 | CA$0.48 | CA$2.51 | x |
| 2006-12-31 | CA$0.47 | CA$2.51 | x |
| 2007-12-31 | CA$2.84 | CA$2.51 | x |
| 2008-12-31 | CA$0.71 | CA$2.51 | x |
| 2009-12-31 | CA$0.66 | CA$2.51 | x |
| 2010-12-31 | CA$1.45 | CA$2.51 | x |
| 2011-12-31 | CA$0.42 | CA$2.51 | x |
| 2012-12-31 | CA$0.39 | CA$2.51 | x |
| 2013-12-31 | CA$0.21 | CA$2.51 | x |
| 2014-12-31 | CA$0.07 | CA$2.51 | x |
| 2015-12-31 | CA$0.03 | CA$2.51 | x |
| 2016-12-31 | CA$0.15 | CA$2.51 | x |
| 2017-12-31 | CA$0.09 | CA$2.51 | x |
| 2018-12-31 | CA$0.20 | CA$2.51 | x |
| 2019-12-31 | CA$0.10 | CA$2.51 | x |
| 2020-12-31 | CA$0.08 | CA$2.51 | x |
| 2021-12-31 | CA$0.20 | CA$2.51 | x |
| 2022-12-31 | CA$0.23 | CA$2.51 | x |
| 2023-12-31 | CA$0.40 | CA$2.51 | x |
| 2024-12-31 | CA$0.60 | CA$2.51 | x |
| 2025-12-31 | CA$0.66 | CA$2.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orezone Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.23%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.67x
- Recent ROE (16.54%) is above the historical average (-36.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -14.75% | -23003698.63% | 0.00x | 1.04x | CA$-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: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
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 | $1.21 Billion |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Orezone Gold Corp
Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project, which covers an area of approximately 12,963 hectares comprising a exploitation permit and four exploration permits located in Burkina Faso, West Africa. Orezone Gold Corporation was incorporated in 2008 and is headquartered in Vancouver, Ca… Read more