NeXGold Mining Corp (NEXG) - Net Assets
Based on the latest financial reports, NeXGold Mining Corp (NEXG) has net assets worth CA$240.68 Million CAD (≈ $174.10 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$256.45 Million ≈ $185.51 Million USD) and total liabilities (CA$15.77 Million ≈ $11.41 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 NeXGold Mining Corp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$240.68 Million |
| % of Total Assets | 93.85% |
| Annual Growth Rate | 6.82% |
| 5-Year Change | 96.05% |
| 10-Year Change | N/A |
| Growth Volatility | 36.17 |
NeXGold Mining Corp - Net Assets Trend (2020–2025)
This chart illustrates how NeXGold Mining Corp's net assets have evolved over time, based on quarterly financial data. Also explore NEXG total assets for the complete picture of this company's asset base.
Annual Net Assets for NeXGold Mining Corp (2020–2025)
The table below shows the annual net assets of NeXGold Mining Corp from 2020 to 2025. For live valuation and market cap data, see NeXGold Mining Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$240.68 Million ≈ $174.10 Million |
+51.11% |
| 2024-12-31 | CA$159.27 Million ≈ $115.21 Million |
+60.13% |
| 2023-12-31 | CA$99.46 Million ≈ $71.95 Million |
-4.44% |
| 2022-12-31 | CA$104.09 Million ≈ $75.29 Million |
-15.21% |
| 2021-12-31 | CA$122.76 Million ≈ $88.80 Million |
-29.06% |
| 2020-12-31 | CA$173.05 Million ≈ $125.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to NeXGold Mining 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 16710301000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$446.12 Million | 185.36% |
| Total Equity | CA$240.68 Million | 100.00% |
NeXGold Mining Corp Competitors by Market Cap
The table below lists competitors of NeXGold Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clearpoint Neuro Inc
NASDAQ:CLPT
|
$272.79 Million |
|
Shenzhen Magic Design & Decoration Engineering Co Ltd
SHE:002856
|
$272.85 Million |
|
SPC Samlip Co Ltd
KO:005610
|
$272.99 Million |
|
ProKidney Corp.
NASDAQ:PROK
|
$273.18 Million |
|
Hunan Copote Science Technology Co Ltd
SHG:600476
|
$272.46 Million |
|
Korea Information & Communications Co. Ltd
KQ:025770
|
$272.46 Million |
|
Cape Industries Ltd
KQ:064820
|
$272.33 Million |
|
Eagle Point Income Company Inc
NYSE:EIC
|
$272.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NeXGold Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 159,268,890 to 240,678,249, a change of 81,409,359 (51.1%).
- Net loss of 40,992,157 reduced equity.
- New share issuances of 122,552,400 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-40.99 Million | -17.03% |
| Share Issuances | CA$122.55 Million | +50.92% |
| Other Changes | CA$-150.88K | -0.06% |
| Total Change | CA$- | 51.11% |
Book Value vs Market Value Analysis
This analysis compares NeXGold Mining 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.25x to 1.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$6.15 | CA$1.52 | x |
| 2021-12-31 | CA$3.56 | CA$1.52 | x |
| 2022-12-31 | CA$3.01 | CA$1.52 | x |
| 2023-12-31 | CA$2.23 | CA$1.52 | x |
| 2024-12-31 | CA$1.11 | CA$1.52 | x |
| 2025-12-31 | CA$1.00 | CA$1.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NeXGold Mining Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-17.03%) is below the historical average (-12.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -1.59% | 0.00% | 0.00x | 1.06x | CA$-20.06 Million |
| 2021 | -12.97% | 0.00% | 0.00x | 1.08x | CA$-28.20 Million |
| 2022 | -19.50% | 0.00% | 0.00x | 1.19x | CA$-30.70 Million |
| 2023 | -13.46% | 0.00% | 0.00x | 1.18x | CA$-23.33 Million |
| 2024 | -12.30% | 0.00% | 0.00x | 1.20x | CA$-35.52 Million |
| 2025 | -17.03% | 0.00% | 0.00x | 1.07x | CA$-65.06 Million |
Industry Comparison
This section compares NeXGold Mining Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $503,278,506
- Average return on equity (ROE) among peers: -30.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NeXGold Mining Corp (NEXG) | CA$240.68 Million | -1.59% | 0.07x | $272.56 Million |
| Allied Gold Corporation (AAUC) | $381.03 Million | -54.71% | 1.51x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $31.66 Million | 1.13% | 0.45x | $86.06 Million |
| Barrick Gold Corp (ABX) | $3.56 Billion | 6.97% | 0.76x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $211.31 Million | -3.62% | 0.87x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $783.33 Million | -0.27% | 0.12x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.69 Million | -71.34% | 0.07x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $15.01 Million | -10.64% | 0.03x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $45.22 Million | -8.90% | 0.05x | $24.82 Million |
About NeXGold Mining Corp
NeXGold Mining Corp. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 … Read more