Western Copper and Gold Corp (WRN) - Net Assets
Based on the latest financial reports, Western Copper and Gold Corp (WRN) has net assets worth CA$279.86 Million CAD (≈ $202.45 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$282.87 Million ≈ $204.62 Million USD) and total liabilities (CA$3.00 Million ≈ $2.17 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 Western Copper and Gold Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$279.86 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | 20.01% |
| 5-Year Change | 72.41% |
| 10-Year Change | 325.8% |
| Growth Volatility | 321.54 |
Western Copper and Gold Corp - Net Assets Trend (2004–2025)
This chart illustrates how Western Copper and Gold Corp's net assets have evolved over time, based on quarterly financial data. See WRN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Western Copper and Gold Corp (2004–2025)
The table below shows the annual net assets of Western Copper and Gold Corp from 2004 to 2025. For live valuation and market cap data, see Western Copper and Gold Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$193.22 Million ≈ $139.77 Million |
+1.90% |
| 2024-12-31 | CA$189.61 Million ≈ $137.16 Million |
+35.98% |
| 2023-12-31 | CA$139.44 Million ≈ $100.87 Million |
+27.07% |
| 2022-12-31 | CA$109.74 Million ≈ $79.39 Million |
-2.07% |
| 2021-12-31 | CA$112.07 Million ≈ $81.07 Million |
+35.63% |
| 2020-12-31 | CA$82.63 Million ≈ $59.77 Million |
+65.27% |
| 2019-12-31 | CA$50.00 Million ≈ $36.17 Million |
+8.01% |
| 2018-12-31 | CA$46.29 Million ≈ $33.48 Million |
+3.93% |
| 2017-12-31 | CA$44.54 Million ≈ $32.22 Million |
-1.85% |
| 2016-12-31 | CA$45.38 Million ≈ $32.83 Million |
-2.27% |
| 2015-12-31 | CA$46.43 Million ≈ $33.59 Million |
-3.79% |
| 2014-12-31 | CA$48.26 Million ≈ $34.91 Million |
-2.43% |
| 2013-12-31 | CA$49.46 Million ≈ $35.78 Million |
-1.10% |
| 2012-12-31 | CA$50.01 Million ≈ $36.18 Million |
-1.79% |
| 2011-12-31 | CA$50.92 Million ≈ $36.84 Million |
-46.77% |
| 2010-12-31 | CA$95.66 Million ≈ $69.20 Million |
+25.68% |
| 2009-12-31 | CA$76.12 Million ≈ $55.06 Million |
+11.20% |
| 2008-12-31 | CA$68.45 Million ≈ $49.52 Million |
-2.12% |
| 2007-12-31 | CA$69.94 Million ≈ $50.59 Million |
-2.26% |
| 2006-12-31 | CA$71.56 Million ≈ $51.76 Million |
+1514.27% |
| 2005-12-31 | CA$4.43 Million ≈ $3.21 Million |
+5.64% |
| 2004-12-31 | CA$4.20 Million ≈ $3.04 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Western Copper and 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 10776350800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$279.56 Million | 144.69% |
| Other Components | CA$38.63 Million | 19.99% |
| Total Equity | CA$193.22 Million | 100.00% |
Western Copper and Gold Corp Competitors by Market Cap
The table below lists competitors of Western Copper and Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Italtile Ltd
JSE:ITE
|
$550.09 Million |
|
First Mining Gold Corp
TO:FF
|
$550.15 Million |
|
Tibet Weixinkang Medicine Co Ltd
SHG:603676
|
$550.18 Million |
|
Shanghai GuAo Electronic Technology Co Ltd
SHE:300551
|
$550.37 Million |
|
NRJ Group
PA:NRG
|
$549.72 Million |
|
Clearfield Inc
NASDAQ:CLFD
|
$549.69 Million |
|
Jiangxi Tianli Technology INC
SHE:300399
|
$549.68 Million |
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$549.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Copper and Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 189,610,252 to 193,218,187, a change of 3,607,935 (1.9%).
- Net loss of 3,119,762 reduced equity.
- Share repurchases of 3,950,040 reduced equity.
- Other factors increased equity by 10,677,737.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.12 Million | -1.61% |
| Share Repurchases | CA$3.95 Million | -2.04% |
| Other Changes | CA$10.68 Million | +5.53% |
| Total Change | CA$- | 1.90% |
Book Value vs Market Value Analysis
This analysis compares Western Copper and 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: 3.50x
- 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 39.55x to 3.50x 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$0.09 | CA$3.37 | x |
| 2005-12-31 | CA$0.09 | CA$3.37 | x |
| 2006-12-31 | CA$1.36 | CA$3.37 | x |
| 2007-12-31 | CA$0.96 | CA$3.37 | x |
| 2008-12-31 | CA$0.94 | CA$3.37 | x |
| 2009-12-31 | CA$1.02 | CA$3.37 | x |
| 2010-12-31 | CA$1.18 | CA$3.37 | x |
| 2011-12-31 | CA$0.55 | CA$3.37 | x |
| 2012-12-31 | CA$0.54 | CA$3.37 | x |
| 2013-12-31 | CA$0.53 | CA$3.37 | x |
| 2014-12-31 | CA$0.51 | CA$3.37 | x |
| 2015-12-31 | CA$0.49 | CA$3.37 | x |
| 2016-12-31 | CA$0.48 | CA$3.37 | x |
| 2017-12-31 | CA$0.46 | CA$3.37 | x |
| 2018-12-31 | CA$0.46 | CA$3.37 | x |
| 2019-12-31 | CA$0.48 | CA$3.37 | x |
| 2020-12-31 | CA$0.72 | CA$3.37 | x |
| 2021-12-31 | CA$0.78 | CA$3.37 | x |
| 2022-12-31 | CA$0.72 | CA$3.37 | x |
| 2023-12-31 | CA$0.87 | CA$3.37 | x |
| 2024-12-31 | CA$1.01 | CA$3.37 | x |
| 2025-12-31 | CA$0.96 | CA$3.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Copper and Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-1.61%) is above the historical average (-5.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -5.92% | 0.00% | 0.00x | 1.02x | CA$-668.08K |
| 2005 | -8.15% | 0.00% | 0.00x | 1.02x | CA$-804.70K |
| 2006 | -4.53% | 0.00% | 0.00x | 1.17x | CA$-10.40 Million |
| 2007 | -4.61% | 0.00% | 0.00x | 1.16x | CA$-10.22 Million |
| 2008 | -3.15% | 0.00% | 0.00x | 1.16x | CA$-9.00 Million |
| 2009 | -2.44% | 0.00% | 0.00x | 1.14x | CA$-9.47 Million |
| 2010 | -2.90% | 0.00% | 0.00x | 1.14x | CA$-12.34 Million |
| 2011 | -43.21% | 0.00% | 0.00x | 1.02x | CA$-27.10 Million |
| 2012 | -7.82% | 0.00% | 0.00x | 1.03x | CA$-8.91 Million |
| 2013 | -2.76% | 0.00% | 0.00x | 1.03x | CA$-6.31 Million |
| 2014 | -3.96% | 0.00% | 0.00x | 1.03x | CA$-6.74 Million |
| 2015 | -4.56% | 0.00% | 0.00x | 1.01x | CA$-6.76 Million |
| 2016 | -4.60% | 0.00% | 0.00x | 1.02x | CA$-6.63 Million |
| 2017 | -5.98% | 0.00% | 0.00x | 1.02x | CA$-7.12 Million |
| 2018 | -6.17% | 0.00% | 0.00x | 1.01x | CA$-7.48 Million |
| 2019 | -2.26% | 0.00% | 0.00x | 1.01x | CA$-6.13 Million |
| 2020 | -0.91% | 0.00% | 0.00x | 1.01x | CA$-9.02 Million |
| 2021 | -2.81% | 0.00% | 0.00x | 1.03x | CA$-14.35 Million |
| 2022 | -4.61% | 0.00% | 0.00x | 1.04x | CA$-16.04 Million |
| 2023 | -2.39% | 0.00% | 0.00x | 1.03x | CA$-17.28 Million |
| 2024 | -3.65% | 0.00% | 0.00x | 1.02x | CA$-25.88 Million |
| 2025 | -1.61% | 0.00% | 0.00x | 1.01x | CA$-22.44 Million |
Industry Comparison
This section compares Western Copper and Gold Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $40,440,349
- Average return on equity (ROE) among peers: -44.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Copper and Gold Corp (WRN) | CA$279.86 Million | -5.92% | 0.01x | $550.05 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $168.05 Million |
| Aton Resources Inc (AAN) | $2.59 Million | -161.78% | 0.36x | $43.33 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $3.27 Million |
| Adex Mining Inc (ADE) | $-4.38 Million | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $1.34 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $126.80 Million |
| Amarc Resources Ltd. (AHR) | $1.25 Million | -166.39% | 1.91x | $163.00 Million |
| Almonty Industries Inc (AII) | $47.10 Million | 22.07% | 0.87x | $5.44 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $390.90 Million |
About Western Copper and Gold Corp
Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. It explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corp. and changed its name to Western Copper and Gold Corporatio… Read more