Golconda Gold Ltd.

V:GG Canada Gold
Market Cap
$138.70 Million
CA$199.21 Million CAD
Market Cap Rank
#17677 Global
#61 in Canada
Share Price
CA$2.79
Change (1 day)
-10.29%
52-Week Range
CA$0.27 - CA$4.10
All Time High
CA$4.10
Categories
Companies in Canada Gold
About

Golconda Gold Ltd. explores, develops, and operates gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Republic of South Africa; and the Summit Property in the United States. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. Golconda Gold Ltd. is based in Toronto, Canad… Read more

Golconda Gold Ltd. (GG) - Net Assets

Latest net assets as of September 2025: CA$37.27 Million CAD

Based on the latest financial reports, Golconda Gold Ltd. (GG) has net assets worth CA$37.27 Million CAD as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$51.88 Million) and total liabilities (CA$14.61 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$37.27 Million
% of Total Assets 71.84%
Annual Growth Rate 33.96%
5-Year Change 26.35%
10-Year Change 36.35%
Growth Volatility 2360.08

Golconda Gold Ltd. - Net Assets Trend (2008–2024)

This chart illustrates how Golconda Gold Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Golconda Gold Ltd. (2008–2024)

The table below shows the annual net assets of Golconda Gold Ltd. from 2008 to 2024.

Year Net Assets Change
2024-12-31 CA$30.09 Million -3.73%
2023-12-31 CA$31.26 Million -6.27%
2022-12-31 CA$33.35 Million +5.23%
2021-12-31 CA$31.69 Million +33.07%
2020-12-31 CA$23.81 Million +84.34%
2019-12-31 CA$12.92 Million -13.79%
2018-12-31 CA$14.98 Million +6.34%
2017-12-31 CA$14.09 Million -12.05%
2016-12-31 CA$16.02 Million -27.39%
2015-12-31 CA$22.07 Million -23.42%
2014-12-31 CA$28.81 Million +8.36%
2013-12-31 CA$26.59 Million -51.72%
2012-12-31 CA$55.07 Million +70.19%
2011-12-31 CA$32.36 Million +9754.77%
2010-12-31 CA$328.38K +20.93%
2009-12-31 CA$271.55K -2.94%
2008-12-31 CA$279.78K --

Equity Component Analysis

This analysis shows how different components contribute to Golconda Gold Ltd.'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 3084967084.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components CA$61.04 Million 202.86%
Total Equity CA$30.09 Million 100.00%

Golconda Gold Ltd. Competitors by Market Cap

The table below lists competitors of Golconda Gold Ltd. ranked by their market capitalization.

Company Market Cap
Zhejiang Sanfer Electric Co. Ltd
SHG:605336
 		$114.28 Million
SECUREWORKS C. A DL-01
F:07S
 		$114.31 Million
GREEN LANDSCAPING GROUP
F:2WN
 		$114.32 Million
Daol Investment & Securities
KO:030210
 		$114.35 Million
63 moons technologies limited
NSE:63MOONS
 		$114.18 Million
Tharimmune Inc.
NASDAQ:THAR
 		$114.15 Million
Tudor Gold Corp
PINK:TDRRF
 		$114.15 Million
Jinsanjiang (Zhaoqing) Silicon Material Company Limited
SHE:301059
 		$114.13 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 31,255,549 to 30,088,850, a change of -1,166,699 (-3.7%).
  • Net loss of 1,166,699 reduced equity.
  • Other comprehensive income decreased equity by 2,887,763.
  • Other factors increased equity by 2,887,763.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-1.17 Million -3.88%
Other Comprehensive Income CA$-2.89 Million -9.6%
Other Changes CA$2.89 Million +9.6%
Total Change CA$- -3.73%

Book Value vs Market Value Analysis

This analysis compares Golconda Gold Ltd.'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: 6.66x
  • 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 increased from 3.54x to 6.66x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 CA$0.79 CA$2.79 x
2009-12-31 CA$0.67 CA$2.79 x
2010-12-31 CA$0.78 CA$2.79 x
2011-12-31 CA$5.43 CA$2.79 x
2012-12-31 CA$3.04 CA$2.79 x
2013-12-31 CA$1.47 CA$2.79 x
2014-12-31 CA$1.47 CA$2.79 x
2015-12-31 CA$1.95 CA$2.79 x
2016-12-31 CA$0.68 CA$2.79 x
2017-12-31 CA$0.48 CA$2.79 x
2018-12-31 CA$0.47 CA$2.79 x
2019-12-31 CA$0.32 CA$2.79 x
2020-12-31 CA$0.49 CA$2.79 x
2021-12-31 CA$0.50 CA$2.79 x
2022-12-31 CA$0.47 CA$2.79 x
2023-12-31 CA$0.44 CA$2.79 x
2024-12-31 CA$0.42 CA$2.79 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Golconda Gold Ltd. 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): -3.88%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -8.44%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 1.52x
  • Recent ROE (-3.88%) is above the historical average (-14.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -35.20% -1714.65% 0.02x 1.09x CA$-126.46K
2009 -19.75% -2017.10% 0.01x 1.05x CA$-80.78K
2010 13.43% 1083.17% 0.01x 1.38x CA$11.25K
2011 4.40% 4.98% 0.54x 1.64x CA$-1.81 Million
2012 31.61% 21.25% 1.14x 1.30x CA$11.90 Million
2013 -108.23% -53.47% 1.31x 1.55x CA$-31.44 Million
2014 6.51% 4.64% 0.86x 1.64x CA$-1.00 Million
2015 -40.52% -33.14% 0.54x 2.25x CA$-10.84 Million
2016 -36.93% -18.11% 0.67x 3.04x CA$-7.52 Million
2017 -16.63% -6.28% 0.80x 3.30x CA$-3.75 Million
2018 -2.15% -0.72% 0.96x 3.09x CA$-1.82 Million
2019 -29.60% -9.23% 0.86x 3.74x CA$-5.12 Million
2020 18.62% 9.04% 0.91x 2.27x CA$2.05 Million
2021 -12.47% -134.52% 0.05x 1.85x CA$-7.12 Million
2022 -2.91% -7.37% 0.31x 1.28x CA$-4.31 Million
2023 -6.88% -22.95% 0.22x 1.36x CA$-5.28 Million
2024 -3.88% -8.44% 0.30x 1.52x CA$-4.18 Million

Industry Comparison

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

Industry Context

  • Industry: Gold
  • Average net assets among peers: $3,323,818
  • Average return on equity (ROE) among peers: -12.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Golconda Gold Ltd. (GG) CA$37.27 Million -35.20% 0.39x $114.24 Million
Athabasca Minerals Inc (ABM) $14.67 Million -17.11% 0.38x $3.80 Million
AIS Resources Ltd (AIS) $733.20K -18.86% 0.02x $1.22 Million
Algo Grande Copper Corp. (ALGR) $3.28 Million -19.80% 0.18x $7.66 Million
Alliance Mining Corp (ALM) $-2.44 Million 0.00% 0.00x $1.27 Million
Argus Metals Corp. (AML) $-194.53K 0.00% 0.00x $248.82K
Antler Gold Inc (ANTL) $5.56 Million -15.72% 0.05x $3.41 Million
Apogee Minerals Ltd (APMI) $509.07K -27.00% 0.02x $1.15 Million
Awale Resources Ltd (ARIC) $11.21 Million -15.12% 0.10x $38.72 Million
Au Gold Corp (AUGC) $1.73 Million -6.53% 0.01x $4.70 Million
AUX Resources Corporation (AUX) $-1.82 Million 0.00% 0.00x $12.37 Million