Goldshore Resources Inc (GSHR) - Net Assets
Based on the latest financial reports, Goldshore Resources Inc (GSHR) has net assets worth CA$123.78 Million CAD (≈ $89.54 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$148.33 Million ≈ $107.30 Million USD) and total liabilities (CA$24.55 Million ≈ $17.76 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 tangible equity quality of Goldshore Resources Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$123.78 Million |
| % of Total Assets | 83.45% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4495.68 |
Goldshore Resources Inc - Net Assets Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's net assets have evolved over time, based on quarterly financial data. See GSHR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Goldshore Resources Inc (2019–2024)
The table below shows the annual net assets of Goldshore Resources Inc from 2019 to 2024. For live valuation and market cap data, see GSHR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$92.67 Million ≈ $67.04 Million |
+25.53% |
| 2022-12-31 | CA$73.82 Million ≈ $53.40 Million |
+14.33% |
| 2021-12-31 | CA$64.57 Million ≈ $46.71 Million |
+9556.70% |
| 2020-12-31 | CA$668.66K ≈ $483.70K |
+243.18% |
| 2019-12-31 | CA$-467.00K ≈ $-337.82K |
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Equity Component Analysis
This analysis shows how different components contribute to Goldshore Resources Inc'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 1882403400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$120.60 Million | 130.14% |
| Total Equity | CA$92.67 Million | 100.00% |
Goldshore Resources Inc Competitors by Market Cap
The table below lists competitors of Goldshore Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPACSphere Acquisition Corp. Class A Ordinary Shares
NASDAQ:SSAC
|
$181.64 Million |
|
Thejo Engineering Limited
NSE:THEJO
|
$181.67 Million |
|
Green Cross Lab Cell Corporation
KQ:144510
|
$181.68 Million |
|
Pruksa Holding Public Company Limited
F:2PR3
|
$181.69 Million |
|
Onewater Marine
NASDAQ:ONEW
|
$181.46 Million |
|
Liberty Global PLC Class B
NASDAQ:LBTYB
|
$181.43 Million |
|
McKinley Acquisition Corporation Class A Ordinary Shares
NASDAQ:MKLY
|
$181.39 Million |
|
Summit Securities Limited
NSE:SUMMITSEC
|
$181.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldshore Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from 73,823,779 to 92,672,751, a change of 18,848,972 (25.5%).
- Net loss of 5,980,330 reduced equity.
- New share issuances of 13,972,358 increased equity.
- Other factors increased equity by 10,856,944.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.98 Million | -6.45% |
| Share Issuances | CA$13.97 Million | +15.08% |
| Other Changes | CA$10.86 Million | +11.72% |
| Total Change | CA$- | 25.53% |
Book Value vs Market Value Analysis
This analysis compares Goldshore Resources Inc'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: 1.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 79.50x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.01 | CA$0.53 | x |
| 2021-12-31 | CA$0.49 | CA$0.53 | x |
| 2022-12-31 | CA$0.39 | CA$0.53 | x |
| 2024-12-31 | CA$0.28 | CA$0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldshore Resources Inc 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): -6.45%
- 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: 1.21x
- Recent ROE (-6.45%) is above the historical average (-12.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$6.83K |
| 2020 | -24.95% | 0.00% | 0.00x | 15.97x | CA$-233.67K |
| 2021 | -20.87% | 0.00% | 0.00x | 1.16x | CA$-19.93 Million |
| 2022 | -9.51% | 0.00% | 0.00x | 1.19x | CA$-14.40 Million |
| 2024 | -6.45% | 0.00% | 0.00x | 1.21x | CA$-15.25 Million |
Industry Comparison
This section compares Goldshore Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldshore Resources Inc (GSHR) | CA$123.78 Million | 0.00% | 0.20x | $181.61 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.