Kore Mining Ltd (KORE) - Net Assets
Based on the latest financial reports, Kore Mining Ltd (KORE) has net assets worth CA$-878.14K CAD (≈ $-635.23K 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$2.38 Million ≈ $1.72 Million USD) and total liabilities (CA$3.25 Million ≈ $2.35 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Kore Mining Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-878.14K |
| % of Total Assets | -36.96% |
| Annual Growth Rate | -18.08% |
| 5-Year Change | -99.94% |
| 10-Year Change | -99.47% |
| Growth Volatility | 386.02 |
Kore Mining Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Kore Mining Ltd's net assets have evolved over time, based on quarterly financial data. See KORE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kore Mining Ltd (2001–2024)
The table below shows the annual net assets of Kore Mining Ltd from 2001 to 2024. For live valuation and market cap data, see Kore Mining Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$3.99K ≈ $2.89K |
-99.69% |
| 2023-12-31 | CA$1.29 Million ≈ $932.64K |
-49.83% |
| 2022-12-31 | CA$2.57 Million ≈ $1.86 Million |
-51.08% |
| 2021-12-31 | CA$5.25 Million ≈ $3.80 Million |
-24.35% |
| 2020-12-31 | CA$6.94 Million ≈ $5.02 Million |
+66.71% |
| 2019-12-31 | CA$4.17 Million ≈ $3.01 Million |
+497.61% |
| 2018-12-31 | CA$697.02K ≈ $504.22K |
+46.51% |
| 2017-12-31 | CA$475.75K ≈ $344.15K |
-53.96% |
| 2017-10-31 | CA$1.03 Million ≈ $747.44K |
+37.55% |
| 2016-12-31 | CA$751.19K ≈ $543.40K |
+1631.17% |
| 2015-12-31 | CA$43.39K ≈ $31.39K |
+114.34% |
| 2014-12-31 | CA$-302.68K ≈ $-218.96K |
-100.87% |
| 2013-12-31 | CA$-150.69K ≈ $-109.01K |
-65.09% |
| 2012-12-31 | CA$-91.28K ≈ $-66.03K |
-28.93% |
| 2011-12-31 | CA$-70.80K ≈ $-51.21K |
-111.43% |
| 2010-12-31 | CA$619.41K ≈ $448.07K |
-7.62% |
| 2009-12-31 | CA$670.53K ≈ $485.05K |
+17.14% |
| 2008-12-31 | CA$572.39K ≈ $414.06K |
+548.06% |
| 2007-12-31 | CA$88.32K ≈ $63.89K |
-6.32% |
| 2006-12-31 | CA$94.28K ≈ $68.20K |
-59.98% |
| 2005-12-31 | CA$235.60K ≈ $170.43K |
-18.89% |
| 2004-12-31 | CA$290.49K ≈ $210.13K |
-11.51% |
| 2003-12-31 | CA$328.26K ≈ $237.46K |
-5.13% |
| 2002-12-31 | CA$346.02K ≈ $250.31K |
-11.83% |
| 2001-12-31 | CA$392.45K ≈ $283.89K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Kore Mining 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 2059910800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$24.56 Million | 615368.78% |
| Total Equity | CA$3.99K | 100.00% |
Kore Mining Ltd Competitors by Market Cap
The table below lists competitors of Kore Mining Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aalborg Boldspilklub A/S
CO:AAB
|
$11.29 Million |
|
Merchants Trust PLC
LSE:MRCH
|
$11.30 Million |
|
Trustpilot Group PLC
LSE:TRST
|
$11.31 Million |
|
Sadbhav Infrastructure Project Limited
NSE:SADBHIN
|
$11.31 Million |
|
Winhitech Co Ltd
KQ:192390
|
$11.29 Million |
|
Sequoia Financial Group Ltd
AU:SEQ
|
$11.27 Million |
|
Infrared Cameras Holdings Inc
NASDAQ:MSAI
|
$11.27 Million |
|
Dycasa SA
BA:DYCA
|
$11.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kore Mining Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,289,268 to 3,991, a change of -1,285,277 (-99.7%).
- Net loss of 1,548,602 reduced equity.
- Other factors increased equity by 263,325.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.55 Million | -38802.36% |
| Other Changes | CA$263.32K | +6597.97% |
| Total Change | CA$- | -99.69% |
Book Value vs Market Value Analysis
This analysis compares Kore Mining 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: 1927.39x
- 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 0.91x to 1927.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.21 | CA$0.19 | x |
| 2002-12-31 | CA$0.18 | CA$0.19 | x |
| 2003-12-31 | CA$0.17 | CA$0.19 | x |
| 2004-12-31 | CA$0.15 | CA$0.19 | x |
| 2005-12-31 | CA$0.12 | CA$0.19 | x |
| 2006-12-31 | CA$0.05 | CA$0.19 | x |
| 2007-12-31 | CA$0.05 | CA$0.19 | x |
| 2008-12-31 | CA$0.27 | CA$0.19 | x |
| 2009-12-31 | CA$0.30 | CA$0.19 | x |
| 2010-12-31 | CA$0.27 | CA$0.19 | x |
| 2011-12-31 | CA$-0.03 | CA$0.19 | x |
| 2012-12-31 | CA$-0.04 | CA$0.19 | x |
| 2013-12-31 | CA$-0.06 | CA$0.19 | x |
| 2014-12-31 | CA$-0.13 | CA$0.19 | x |
| 2015-12-31 | CA$0.02 | CA$0.19 | x |
| 2016-12-31 | CA$0.19 | CA$0.19 | x |
| 2017-12-31 | CA$0.03 | CA$0.19 | x |
| 2018-12-31 | CA$0.01 | CA$0.19 | x |
| 2019-12-31 | CA$0.04 | CA$0.19 | x |
| 2020-12-31 | CA$0.05 | CA$0.19 | x |
| 2021-12-31 | CA$0.03 | CA$0.19 | x |
| 2022-12-31 | CA$0.02 | CA$0.19 | x |
| 2023-12-31 | CA$0.03 | CA$0.19 | x |
| 2024-12-31 | CA$0.00 | CA$0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kore Mining Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -38802.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 584.62x
- Recent ROE (-38802.36%) is below the historical average (-1627.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -11.34% | 0.00% | 0.00x | 1.22x | CA$-83.74K |
| 2002 | -13.42% | 0.00% | 0.00x | 1.31x | CA$-81.03K |
| 2003 | -13.03% | 0.00% | 0.00x | 1.57x | CA$-75.59K |
| 2004 | -13.00% | 0.00% | 0.00x | 1.86x | CA$-66.82K |
| 2005 | -23.30% | 0.00% | 0.00x | 2.32x | CA$-78.45K |
| 2006 | -258.89% | 0.00% | 0.00x | 6.12x | CA$-253.51K |
| 2007 | -137.61% | 0.00% | 0.00x | 7.06x | CA$-130.38K |
| 2008 | -76.85% | 0.00% | 0.00x | 1.26x | CA$-497.11K |
| 2009 | -5.93% | 0.00% | 0.00x | 1.02x | CA$-106.80K |
| 2010 | -23.71% | 0.00% | 0.00x | 1.04x | CA$-208.82K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-685.30K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-11.35K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-44.34K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-121.73K |
| 2015 | 196.12% | 0.00% | 0.00x | 3.89x | CA$80.76K |
| 2016 | -61.73% | 0.00% | 0.00x | 1.04x | CA$-538.80K |
| 2017 | -72.10% | 0.00% | 0.00x | 1.35x | CA$-848.29K |
| 2017 | -272.46% | 0.00% | 0.00x | 1.72x | CA$-1.34 Million |
| 2018 | -646.34% | 0.00% | 0.00x | 3.12x | CA$-4.57 Million |
| 2019 | -42.98% | 0.00% | 0.00x | 1.17x | CA$-2.21 Million |
| 2020 | -132.42% | 0.00% | 0.00x | 1.21x | CA$-9.89 Million |
| 2021 | 5.62% | 0.00% | 0.00x | 1.18x | CA$-229.97K |
| 2022 | -164.08% | 0.00% | 0.00x | 1.29x | CA$-4.47 Million |
| 2023 | -121.37% | 0.00% | 0.00x | 1.65x | CA$-1.69 Million |
| 2024 | -38802.36% | 0.00% | 0.00x | 584.62x | CA$-1.55 Million |
Industry Comparison
This section compares Kore Mining Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kore Mining Ltd (KORE) | CA$-878.14K | -11.34% | N/A | $11.29 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 Kore Mining Ltd
KORE Mining Ltd. engages in the acquisition, exploration, and development of gold projects in North America. It owns 100% interests in the Imperial project, which covers an area of approximately 31,000 acres located in Imperial County, southeastern California, as well as the Long Valley project, a gold and silver project covering an area of 15,965 acres situated in Mono County, east-central Calif… Read more