Mexican Gold Corp (MEX) - Net Assets
Based on the latest financial reports, Mexican Gold Corp (MEX) has net assets worth CA$-95.14K CAD (≈ $-68.82K 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$39.13K ≈ $28.31K USD) and total liabilities (CA$134.27K ≈ $97.13K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MEX financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-95.14K |
| % of Total Assets | -243.14% |
| Annual Growth Rate | -22.41% |
| 5-Year Change | -93.7% |
| 10-Year Change | N/A |
| Growth Volatility | 384.48 |
Mexican Gold Corp - Net Assets Trend (2007–2025)
This chart illustrates how Mexican Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Mexican Gold Corp for the complete picture of this company's asset base.
Annual Net Assets for Mexican Gold Corp (2007–2025)
The table below shows the annual net assets of Mexican Gold Corp from 2007 to 2025. For live valuation and market cap data, see MEX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | CA$13.44K ≈ $9.72K |
-93.68% |
| 2024-06-30 | CA$212.55K ≈ $153.75K |
-63.99% |
| 2023-06-30 | CA$590.22K ≈ $426.96K |
+832.49% |
| 2022-06-30 | CA$63.30K ≈ $45.79K |
-70.31% |
| 2021-06-30 | CA$213.20K ≈ $154.22K |
-88.77% |
| 2020-06-30 | CA$1.90 Million ≈ $1.37 Million |
+1247.89% |
| 2019-06-30 | CA$-165.35K ≈ $-119.61K |
-125.63% |
| 2018-06-30 | CA$645.18K ≈ $466.71K |
-48.74% |
| 2017-06-30 | CA$1.26 Million ≈ $910.47K |
+295.37% |
| 2016-06-30 | CA$-644.21K ≈ $-466.01K |
-321.50% |
| 2015-06-30 | CA$290.84K ≈ $210.39K |
-42.46% |
| 2014-06-30 | CA$505.44K ≈ $365.63K |
-12.82% |
| 2013-06-30 | CA$579.79K ≈ $419.41K |
-72.65% |
| 2012-06-30 | CA$2.12 Million ≈ $1.53 Million |
-46.16% |
| 2011-06-30 | CA$3.94 Million ≈ $2.85 Million |
+1235.62% |
| 2010-06-30 | CA$294.83K ≈ $213.27K |
-91.90% |
| 2009-06-30 | CA$3.64 Million ≈ $2.63 Million |
-25.07% |
| 2008-06-30 | CA$4.86 Million ≈ $3.51 Million |
+275.32% |
| 2007-06-30 | CA$1.29 Million ≈ $936.45K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mexican 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 3772729700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$37.91 Million | 281992.54% |
| Total Equity | CA$13.44K | 100.00% |
Mexican Gold Corp Competitors by Market Cap
The table below lists competitors of Mexican Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Entreparticuli
PA:ALENT
|
$3.59 Million |
|
Euro Trend Yatirim Ortakligi AS
IS:ETYAT
|
$3.59 Million |
|
Northann Corp.
NYSE MKT:NCL
|
$3.59 Million |
|
Metalore Resources Ltd
V:MET
|
$3.60 Million |
|
Yu Group PLC
LSE:YU
|
$3.58 Million |
|
StageZero Life Sciences Ltd
TO:SZLS
|
$3.58 Million |
|
C29 Metals Ltd
AU:C29
|
$3.57 Million |
|
Ricky Putra Globalindo Tbk
JK:RICY
|
$3.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mexican Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 212,546 to 13,442, a change of -199,104 (-93.7%).
- Net loss of 353,801 reduced equity.
- New share issuances of 160,000 increased equity.
- Other factors decreased equity by 5,303.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-353.80K | -2632.06% |
| Share Issuances | CA$160.00K | +1190.3% |
| Other Changes | CA$-5.30K | -39.45% |
| Total Change | CA$- | -93.68% |
Book Value vs Market Value Analysis
This analysis compares Mexican 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: 234.66x
- 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 0.01x to 234.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-06-30 | CA$22.32 | CA$0.13 | x |
| 2008-06-30 | CA$44.41 | CA$0.13 | x |
| 2009-06-30 | CA$16.43 | CA$0.13 | x |
| 2010-06-30 | CA$1.05 | CA$0.13 | x |
| 2011-06-30 | CA$10.08 | CA$0.13 | x |
| 2012-06-30 | CA$4.26 | CA$0.13 | x |
| 2013-06-30 | CA$1.01 | CA$0.13 | x |
| 2014-06-30 | CA$0.82 | CA$0.13 | x |
| 2015-06-30 | CA$0.37 | CA$0.13 | x |
| 2016-06-30 | CA$-0.74 | CA$0.13 | x |
| 2017-06-30 | CA$0.67 | CA$0.13 | x |
| 2018-06-30 | CA$0.17 | CA$0.13 | x |
| 2019-06-30 | CA$-0.03 | CA$0.13 | x |
| 2020-06-30 | CA$0.19 | CA$0.13 | x |
| 2021-06-30 | CA$0.02 | CA$0.13 | x |
| 2022-06-30 | CA$0.00 | CA$0.13 | x |
| 2023-06-30 | CA$0.04 | CA$0.13 | x |
| 2024-06-30 | CA$0.01 | CA$0.13 | x |
| 2025-06-30 | CA$0.00 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mexican Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2632.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.85x
- Recent ROE (-2632.06%) is below the historical average (-504.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -12.72% | 0.00% | 0.00x | 1.01x | CA$-294.15K |
| 2008 | -11.60% | 0.00% | 0.00x | 1.02x | CA$-1.05 Million |
| 2009 | -35.64% | 0.00% | 0.00x | 1.02x | CA$-1.66 Million |
| 2010 | -1621.03% | 0.00% | 0.00x | 1.21x | CA$-4.81 Million |
| 2011 | -59.96% | 0.00% | 0.00x | 1.10x | CA$-2.76 Million |
| 2012 | -241.36% | 0.00% | 0.00x | 1.19x | CA$-5.33 Million |
| 2013 | -315.79% | 0.00% | 0.00x | 1.13x | CA$-1.89 Million |
| 2014 | -423.97% | 0.00% | 0.00x | 1.56x | CA$-2.19 Million |
| 2015 | -403.98% | 0.00% | 0.00x | 1.61x | CA$-1.20 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-880.74K |
| 2017 | -249.88% | 0.00% | 0.00x | 1.11x | CA$-3.27 Million |
| 2018 | -541.70% | 0.00% | 0.00x | 1.25x | CA$-3.56 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.13 Million |
| 2020 | -120.06% | 0.00% | 0.00x | 1.04x | CA$-2.47 Million |
| 2021 | -1491.57% | 0.00% | 0.00x | 1.70x | CA$-3.20 Million |
| 2022 | -1168.46% | 0.00% | 0.00x | 2.35x | CA$-745.91K |
| 2023 | -82.44% | 0.00% | 0.00x | 1.16x | CA$-545.62K |
| 2024 | -180.41% | 0.00% | 0.00x | 1.09x | CA$-404.72K |
| 2025 | -2632.06% | 0.00% | 0.00x | 3.85x | CA$-355.15K |
Industry Comparison
This section compares Mexican Gold Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mexican Gold Corp (MEX) | CA$-95.14K | -12.72% | N/A | $3.59 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About Mexican Gold Corp
Mexican Gold Mining Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Mexico. The company primarily explores for gold, copper, silver, and magnetite deposits. It holds a 100% interest in the Las Minas project that consists of six mineral concessions located in the Las Minas district in the state of Veracruz, Mexico and 100% int… Read more