Galleon Gold Corp (GGO) - Net Assets
Based on the latest financial reports, Galleon Gold Corp (GGO) has net assets worth CA$55.82 Million CAD (≈ $40.38 Million USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$95.38 Million ≈ $68.99 Million USD) and total liabilities (CA$39.56 Million ≈ $28.61 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 strategic asset allocation of Galleon Gold Corp to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$55.82 Million |
| % of Total Assets | 58.53% |
| Annual Growth Rate | 6.62% |
| 5-Year Change | 27.8% |
| 10-Year Change | 14423.59% |
| Growth Volatility | 77.32 |
Galleon Gold Corp - Net Assets Trend (1998–2025)
This chart illustrates how Galleon Gold Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Galleon Gold Corp.
Annual Net Assets for Galleon Gold Corp (1998–2025)
The table below shows the annual net assets of Galleon Gold Corp from 1998 to 2025. Also explore Galleon Gold Corp equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$26.32 Million ≈ $19.04 Million |
+13.73% |
| 2024-11-30 | CA$23.15 Million ≈ $16.74 Million |
-5.60% |
| 2023-11-30 | CA$24.52 Million ≈ $17.74 Million |
+4.42% |
| 2022-11-30 | CA$23.48 Million ≈ $16.99 Million |
+14.01% |
| 2021-11-30 | CA$20.60 Million ≈ $14.90 Million |
+5.35% |
| 2020-11-30 | CA$19.55 Million ≈ $14.14 Million |
+5170.03% |
| 2019-11-30 | CA$-385.63K ≈ $-278.96K |
+4.95% |
| 2018-11-30 | CA$-405.71K ≈ $-293.49K |
-230.75% |
| 2017-11-30 | CA$310.31K ≈ $224.47K |
+71.21% |
| 2016-11-30 | CA$181.25K ≈ $131.11K |
-91.69% |
| 2015-11-30 | CA$2.18 Million ≈ $1.58 Million |
-92.79% |
| 2014-11-30 | CA$30.23 Million ≈ $21.87 Million |
-22.63% |
| 2013-11-30 | CA$39.08 Million ≈ $28.27 Million |
+0.92% |
| 2012-11-30 | CA$38.72 Million ≈ $28.01 Million |
-6.35% |
| 2011-11-30 | CA$41.34 Million ≈ $29.91 Million |
-2.63% |
| 2010-11-30 | CA$42.46 Million ≈ $30.72 Million |
-4.47% |
| 2009-11-30 | CA$44.45 Million ≈ $32.15 Million |
-4.48% |
| 2008-11-30 | CA$46.53 Million ≈ $33.66 Million |
-4.47% |
| 2007-11-30 | CA$48.71 Million ≈ $35.24 Million |
+255.48% |
| 2006-11-30 | CA$13.70 Million ≈ $9.91 Million |
+25.48% |
| 2005-11-30 | CA$10.92 Million ≈ $7.90 Million |
-6.21% |
| 2004-11-30 | CA$11.64 Million ≈ $8.42 Million |
+6.31% |
| 2003-11-30 | CA$10.95 Million ≈ $7.92 Million |
+38.04% |
| 2002-11-30 | CA$7.93 Million ≈ $5.74 Million |
+62.76% |
| 2001-11-30 | CA$4.87 Million ≈ $3.53 Million |
-24.69% |
| 2000-11-30 | CA$6.47 Million ≈ $4.68 Million |
+4.00% |
| 1999-11-30 | CA$6.22 Million ≈ $4.50 Million |
+33.35% |
| 1998-11-30 | CA$4.67 Million ≈ $3.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Galleon 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 5773819400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$89.10 Million | 338.47% |
| Total Equity | CA$26.32 Million | 100.00% |
Galleon Gold Corp Competitors by Market Cap
The table below lists competitors of Galleon Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patria Bank SA
RO:PBK
|
$105.96 Million |
|
Silver One Resources Inc
V:SVE
|
$105.98 Million |
|
Noroo Paint
KO:090350
|
$105.99 Million |
|
Bank of the James Financial Group
NASDAQ:BOTJ
|
$106.00 Million |
|
HELIOS FAIRFAX PARTNERS
F:3UD
|
$105.95 Million |
|
ZHEJIANG SHIBAO H YC 1
F:W4K1
|
$105.94 Million |
|
Seritage Growth Properties
NYSE:SRG
|
$105.89 Million |
|
Amotech Co. Ltd
KQ:052710
|
$105.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Galleon Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,146,228 to 26,323,714, a change of 3,177,486 (13.7%).
- Net loss of 2,539,191 reduced equity.
- Other factors increased equity by 5,716,677.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.54 Million | -9.65% |
| Other Changes | CA$5.72 Million | +21.72% |
| Total Change | CA$- | 13.73% |
Book Value vs Market Value Analysis
This analysis compares Galleon 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: 3.17x
- 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 0.09x to 3.17x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-11-30 | CA$12.10 | CA$1.08 | x |
| 1999-11-30 | CA$11.94 | CA$1.08 | x |
| 2000-11-30 | CA$11.19 | CA$1.08 | x |
| 2001-11-30 | CA$7.99 | CA$1.08 | x |
| 2002-11-30 | CA$10.29 | CA$1.08 | x |
| 2003-11-30 | CA$11.25 | CA$1.08 | x |
| 2004-11-30 | CA$8.61 | CA$1.08 | x |
| 2005-11-30 | CA$7.19 | CA$1.08 | x |
| 2006-11-30 | CA$8.13 | CA$1.08 | x |
| 2007-11-30 | CA$11.16 | CA$1.08 | x |
| 2008-11-30 | CA$6.87 | CA$1.08 | x |
| 2009-11-30 | CA$6.56 | CA$1.08 | x |
| 2010-11-30 | CA$6.26 | CA$1.08 | x |
| 2011-11-30 | CA$6.09 | CA$1.08 | x |
| 2012-11-30 | CA$5.69 | CA$1.08 | x |
| 2013-11-30 | CA$5.73 | CA$1.08 | x |
| 2014-11-30 | CA$4.44 | CA$1.08 | x |
| 2015-11-30 | CA$0.32 | CA$1.08 | x |
| 2016-11-30 | CA$0.03 | CA$1.08 | x |
| 2017-11-30 | CA$0.05 | CA$1.08 | x |
| 2018-11-30 | CA$-0.06 | CA$1.08 | x |
| 2019-11-30 | CA$-0.05 | CA$1.08 | x |
| 2020-11-30 | CA$0.81 | CA$1.08 | x |
| 2021-11-30 | CA$0.44 | CA$1.08 | x |
| 2022-11-30 | CA$0.45 | CA$1.08 | x |
| 2023-11-30 | CA$0.39 | CA$1.08 | x |
| 2024-11-30 | CA$0.34 | CA$1.08 | x |
| 2025-11-30 | CA$0.34 | CA$1.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Galleon Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.83x
- Recent ROE (-9.65%) is above the historical average (-102.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -35.71% | 0.00% | 0.00x | 1.32x | CA$-2.13 Million |
| 1999 | -1.88% | 0.00% | 0.00x | 1.09x | CA$-739.50K |
| 2000 | -0.77% | -5015100.00% | 0.00x | 1.10x | CA$-697.48K |
| 2001 | -46.12% | 0.00% | 0.00x | 1.15x | CA$-2.74 Million |
| 2002 | -3.39% | 0.00% | 0.00x | 1.15x | CA$-1.06 Million |
| 2003 | -3.47% | 0.00% | 0.00x | 1.10x | CA$-1.48 Million |
| 2004 | -9.35% | 0.00% | 0.00x | 1.08x | CA$-2.25 Million |
| 2005 | -10.54% | 0.00% | 0.00x | 1.01x | CA$-2.24 Million |
| 2006 | 23.84% | 0.00% | 0.00x | 1.02x | CA$1.90 Million |
| 2007 | -15.86% | 0.00% | 0.00x | 1.01x | CA$-12.60 Million |
| 2008 | -5.23% | 0.00% | 0.00x | 1.01x | CA$-7.09 Million |
| 2009 | -3.17% | 0.00% | 0.00x | 1.01x | CA$-5.86 Million |
| 2010 | -5.44% | 0.00% | 0.00x | 1.01x | CA$-6.55 Million |
| 2011 | -3.21% | 0.00% | 0.00x | 1.00x | CA$-5.46 Million |
| 2012 | -3.42% | 0.00% | 0.00x | 1.01x | CA$-5.20 Million |
| 2013 | -1.16% | 0.00% | 0.00x | 1.00x | CA$-4.36 Million |
| 2014 | -4.15% | 0.00% | 0.00x | 1.00x | CA$-4.28 Million |
| 2015 | -1316.26% | 0.00% | 0.00x | 1.10x | CA$-28.92 Million |
| 2016 | -1380.71% | 0.00% | 0.00x | 1.93x | CA$-2.52 Million |
| 2017 | 34.55% | 0.00% | 0.00x | 3.78x | CA$76.19K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-694.05K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.29 Million |
| 2020 | -36.20% | 0.00% | 0.00x | 1.29x | CA$-9.03 Million |
| 2021 | -1.67% | 0.00% | 0.00x | 1.18x | CA$-2.40 Million |
| 2022 | -4.14% | 0.00% | 0.00x | 1.15x | CA$-3.32 Million |
| 2023 | -5.12% | 0.00% | 0.00x | 1.23x | CA$-3.71 Million |
| 2024 | -13.75% | 0.00% | 0.00x | 1.38x | CA$-5.50 Million |
| 2025 | -9.65% | 0.00% | 0.00x | 1.83x | CA$-5.17 Million |
Industry Comparison
This section compares Galleon Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $347,271,254
- Average return on equity (ROE) among peers: -120.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Galleon Gold Corp (GGO) | CA$55.82 Million | -35.71% | 0.71x | $105.96 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.93 Billion |
| Abcourt Mines Inc. (ABI) | $4.83 Million | -6.40% | 0.03x | $64.74 Million |
| Barrick Gold Corp (ABX) | $3.02 Billion | -25.34% | 0.50x | $71.72 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $165.29 Million |
| Agnico Eagle Mines Limited (AEM) | $139.14 Million | -10.53% | 1.11x | $102.19 Billion |
| Alamos Gold Inc (AGI) | $179.71 Million | 16.35% | 0.16x | $15.18 Billion |
| AIS Resources Ltd (AIS) | $3.17 Million | -102.26% | 0.35x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-1.26 Million | 0.00% | 0.00x | $2.21 Million |
| Altamira Gold Corp (ALTA) | $2.59 Million | -43.05% | 0.10x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $7.01 Million | -908.13% | 0.81x | $24.82 Million |
About Galleon Gold Corp
Galleon Gold Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada and the United States. It primarily explores gold, silver, and associated base and precious metals. The company's flagship project is the West Cache Gold project that consists of a mining lease, 18 patented mining claims, and two mining licenses of occupation covering an area of… Read more