Golconda Gold Ltd. (GG) - Net Assets
Based on the latest financial reports, Golconda Gold Ltd. (GG) has net assets worth CA$37.27 Million CAD (≈ $26.96 Million USD) 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 ≈ $37.53 Million USD) and total liabilities (CA$14.61 Million ≈ $10.57 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. Read debt load of Golconda Gold Ltd. for a breakdown of total debt and financial obligations.
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. Also explore Golconda Gold Ltd. (GG) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Golconda Gold Ltd. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$30.09 Million ≈ $21.77 Million |
-3.73% |
| 2023-12-31 | CA$31.26 Million ≈ $22.61 Million |
-6.27% |
| 2022-12-31 | CA$33.35 Million ≈ $24.12 Million |
+5.23% |
| 2021-12-31 | CA$31.69 Million ≈ $22.92 Million |
+33.07% |
| 2020-12-31 | CA$23.81 Million ≈ $17.23 Million |
+84.34% |
| 2019-12-31 | CA$12.92 Million ≈ $9.35 Million |
-13.79% |
| 2018-12-31 | CA$14.98 Million ≈ $10.84 Million |
+6.34% |
| 2017-12-31 | CA$14.09 Million ≈ $10.19 Million |
-12.05% |
| 2016-12-31 | CA$16.02 Million ≈ $11.59 Million |
-27.39% |
| 2015-12-31 | CA$22.07 Million ≈ $15.96 Million |
-23.42% |
| 2014-12-31 | CA$28.81 Million ≈ $20.84 Million |
+8.36% |
| 2013-12-31 | CA$26.59 Million ≈ $19.24 Million |
-51.72% |
| 2012-12-31 | CA$55.07 Million ≈ $39.84 Million |
+70.19% |
| 2011-12-31 | CA$32.36 Million ≈ $23.41 Million |
+9754.77% |
| 2010-12-31 | CA$328.38K ≈ $237.55K |
+20.93% |
| 2009-12-31 | CA$271.55K ≈ $196.43K |
-2.94% |
| 2008-12-31 | CA$279.78K ≈ $202.39K |
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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 |
|---|---|
|
AB VILKUSKIU PIEN.EO 029
F:UDW
|
$128.78 Million |
|
ParTec AG
XETRA:JY0
|
$128.80 Million |
|
Cheops Technology France SA
PA:MLCHE
|
$128.80 Million |
|
Kutahya Seker Fabrikasi AS
IS:KTSKR
|
$128.89 Million |
|
Santech Holdings Limited
NASDAQ:STEC
|
$128.52 Million |
|
Founding Construction Development Co Ltd
TW:5533
|
$128.51 Million |
|
Sotkamo Silver AB
HE:SOSI1
|
$128.44 Million |
|
Ekachai Medical Care Public Company Limited
BK:EKH
|
$128.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golconda Gold Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,255,549 to 30,088,850, a change of -1,166,699 (-3.7%).
- Net loss of 1,166,699 reduced equity.
- Other comprehensive income decreased equity by 2,887,763.
- Other factors increased equity by 2,887,763.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 5.95x
- 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 3.16x to 5.95x 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$2.49 | x |
| 2009-12-31 | CA$0.67 | CA$2.49 | x |
| 2010-12-31 | CA$0.78 | CA$2.49 | x |
| 2011-12-31 | CA$5.43 | CA$2.49 | x |
| 2012-12-31 | CA$3.04 | CA$2.49 | x |
| 2013-12-31 | CA$1.47 | CA$2.49 | x |
| 2014-12-31 | CA$1.47 | CA$2.49 | x |
| 2015-12-31 | CA$1.95 | CA$2.49 | x |
| 2016-12-31 | CA$0.68 | CA$2.49 | x |
| 2017-12-31 | CA$0.48 | CA$2.49 | x |
| 2018-12-31 | CA$0.47 | CA$2.49 | x |
| 2019-12-31 | CA$0.32 | CA$2.49 | x |
| 2020-12-31 | CA$0.49 | CA$2.49 | x |
| 2021-12-31 | CA$0.50 | CA$2.49 | x |
| 2022-12-31 | CA$0.47 | CA$2.49 | x |
| 2023-12-31 | CA$0.44 | CA$2.49 | x |
| 2024-12-31 | CA$0.42 | CA$2.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golconda Gold Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.44%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.52x
- Recent ROE (-3.88%) is above the historical average (-14.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -35.20% | -1714.65% | 0.02x | 1.09x | CA$-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: $3,760,003,957
- Average return on equity (ROE) among peers: -45.85%
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 | $128.61 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $7.35 Million | -6.57% | 0.04x | $86.06 Million |
| Barrick Gold Corp (ABX) | $33.26 Billion | 6.45% | 0.43x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $-27.08K | 0.00% | 0.00x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $4.14 Billion | 0.59% | 0.61x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $77.65 Million | -12.17% | 0.63x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.30 Million | -39.03% | 0.30x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $305.15K | -342.52% | 0.51x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Golconda Gold Ltd.
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