Spanish Mountain Gold Ltd (SPA) - Net Assets

Latest as of September 2025: CA$110.27 Million CAD

Based on the latest financial reports, Spanish Mountain Gold Ltd (SPA) has net assets worth CA$110.27 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$111.87 Million) and total liabilities (CA$1.60 Million). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$110.27 Million
% of Total Assets 98.57%
Annual Growth Rate 30.26%
5-Year Change 14.92%
10-Year Change 39.19%
Growth Volatility 146.67

Spanish Mountain Gold Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Spanish Mountain Gold Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Spanish Mountain Gold Ltd (1999–2024)

The table below shows the annual net assets of Spanish Mountain Gold Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CA$104.99 Million +8.73%
2023-12-31 CA$96.56 Million +4.48%
2022-12-31 CA$92.42 Million +0.79%
2021-12-31 CA$91.70 Million +0.37%
2020-12-31 CA$91.35 Million +19.30%
2019-12-31 CA$76.57 Million -0.07%
2018-12-31 CA$76.63 Million -0.34%
2017-12-31 CA$76.89 Million -0.08%
2016-12-31 CA$76.95 Million +2.02%
2015-12-31 CA$75.43 Million +0.14%
2014-12-31 CA$75.32 Million +0.45%
2013-12-31 CA$74.98 Million -5.47%
2012-12-31 CA$79.32 Million +4.07%
2011-12-31 CA$76.22 Million +42.51%
2010-12-31 CA$53.48 Million +8.09%
2009-12-31 CA$49.48 Million +3.56%
2008-12-31 CA$47.78 Million +144.50%
2007-12-31 CA$19.54 Million +13.91%
2006-12-31 CA$17.16 Million +411.26%
2005-12-31 CA$3.36 Million +342.31%
2004-12-31 CA$758.66K +19.82%
2003-12-31 CA$633.17K +214.51%
2002-12-31 CA$201.32K +539.16%
2001-12-31 CA$31.50K -77.80%
2000-12-31 CA$141.85K +0.20%
1999-12-31 CA$141.57K --

Equity Component Analysis

This analysis shows how different components contribute to Spanish Mountain Gold 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 1885693400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components CA$123.96 Million 118.07%
Total Equity CA$104.99 Million 100.00%

Spanish Mountain Gold Ltd Competitors by Market Cap

The table below lists competitors of Spanish Mountain Gold Ltd ranked by their market capitalization.

Company Market Cap
Brave C&H Supply Co Ltd
TWO:6538
 		$86.96 Million
Taeyang Metal
KO:004100
 		$87.01 Million
CIG WIRELESS
F:6CW
 		$87.03 Million
Veracruz Properties SOCIMI SA
MC:YVCP
 		$87.03 Million
Eldeco Housing And Industries Limited
NSE:ELDEHSG
 		$86.93 Million
Shotspotter Inc
NASDAQ:SSTI
 		$86.92 Million
DENTA
NSE:DENTA
 		$86.91 Million
INNOVANA
NSE:INNOVANA
 		$86.89 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Spanish Mountain Gold Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 96,558,477 to 104,985,412, a change of 8,426,935 (8.7%).
  • Net loss of 2,465,246 reduced equity.
  • New share issuances of 11,809,984 increased equity.
  • Other comprehensive income decreased equity by 592,621.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-2.47 Million -2.35%
Share Issuances CA$11.81 Million +11.25%
Other Comprehensive Income CA$-592.62K -0.56%
Other Changes CA$-325.18K -0.31%
Total Change CA$- 8.73%

Book Value vs Market Value Analysis

This analysis compares Spanish Mountain Gold 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: 1.04x
  • 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 7.27x to 1.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CA$0.03 CA$0.25 x
2000-12-31 CA$0.03 CA$0.25 x
2001-12-31 CA$0.01 CA$0.25 x
2002-12-31 CA$0.03 CA$0.25 x
2003-12-31 CA$0.06 CA$0.25 x
2004-12-31 CA$0.05 CA$0.25 x
2005-12-31 CA$0.15 CA$0.25 x
2006-12-31 CA$0.41 CA$0.25 x
2007-12-31 CA$0.41 CA$0.25 x
2008-12-31 CA$0.72 CA$0.25 x
2009-12-31 CA$0.54 CA$0.25 x
2010-12-31 CA$0.44 CA$0.25 x
2011-12-31 CA$0.52 CA$0.25 x
2012-12-31 CA$0.47 CA$0.25 x
2013-12-31 CA$0.35 CA$0.25 x
2014-12-31 CA$0.34 CA$0.25 x
2015-12-31 CA$0.37 CA$0.25 x
2016-12-31 CA$0.34 CA$0.25 x
2017-12-31 CA$0.35 CA$0.25 x
2018-12-31 CA$0.33 CA$0.25 x
2019-12-31 CA$0.33 CA$0.25 x
2020-12-31 CA$0.33 CA$0.25 x
2021-12-31 CA$0.28 CA$0.25 x
2022-12-31 CA$0.27 CA$0.25 x
2023-12-31 CA$0.27 CA$0.25 x
2024-12-31 CA$0.24 CA$0.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Spanish Mountain Gold 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): -2.35%
  • 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: 1.02x
  • Recent ROE (-2.35%) is above the historical average (-24.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 -25.22% 0.00% 0.00x 1.12x CA$-49.86K
2000 0.20% 0.00% 0.00x 1.05x CA$-13.91K
2001 -350.35% -6850.03% 0.02x 2.06x CA$-113.50K
2002 -137.75% -26538.76% 0.00x 1.09x CA$-297.46K
2003 -16.17% -8035.24% 0.00x 1.02x CA$-165.69K
2004 -30.54% -19732.45% 0.00x 1.15x CA$-307.53K
2005 -24.26% 0.00% 0.00x 1.01x CA$-1.15 Million
2006 -21.38% 0.00% 0.00x 1.08x CA$-5.38 Million
2007 4.45% 0.00% 0.00x 1.10x CA$-1.09 Million
2008 -1.34% 0.00% 0.00x 1.16x CA$-5.42 Million
2009 -1.23% 0.00% 0.00x 1.18x CA$-5.56 Million
2010 -3.76% 0.00% 0.00x 1.19x CA$-7.36 Million
2011 -2.28% 0.00% 0.00x 1.09x CA$-9.36 Million
2012 -5.18% 0.00% 0.00x 1.07x CA$-12.04 Million
2013 -7.45% 0.00% 0.00x 1.06x CA$-13.08 Million
2014 0.44% 0.00% 0.00x 1.04x CA$-7.20 Million
2015 -0.49% 0.00% 0.00x 1.04x CA$-7.91 Million
2016 1.66% 0.00% 0.00x 1.01x CA$-6.42 Million
2017 -2.39% 0.00% 0.00x 1.02x CA$-9.53 Million
2018 -0.56% 0.00% 0.00x 1.02x CA$-8.10 Million
2019 -1.04% 0.00% 0.00x 1.02x CA$-8.45 Million
2020 -0.82% 0.00% 0.00x 1.03x CA$-9.88 Million
2021 -1.05% 0.00% 0.00x 1.02x CA$-10.14 Million
2022 -0.95% 0.00% 0.00x 1.02x CA$-10.12 Million
2023 -2.22% 0.00% 0.00x 1.01x CA$-11.80 Million
2024 -2.35% 0.00% 0.00x 1.02x CA$-12.96 Million

Industry Comparison

This section compares Spanish Mountain Gold Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $37,435,313
  • Average return on equity (ROE) among peers: -27.45%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Spanish Mountain Gold Ltd (SPA) CA$110.27 Million -25.22% 0.01x $86.94 Million
Abcourt Mines Inc. (ABI) $-3.13 Million 0.00% 0.00x $86.06 Million
Athabasca Minerals Inc (ABM) $20.44 Million -35.77% 0.45x $3.68 Million
American Eagle Gold Corp (AE) $3.52 Million -143.42% 0.34x $148.82 Million
Aero Energy Limited (AERO) $14.72 Million -5.86% 0.05x $9.68 Million
AIS Resources Ltd (AIS) $1.78 Million -62.23% 0.56x $1.76 Million
Algo Grande Copper Corp. (ALGR) $3.28 Million -19.80% 0.18x $9.71 Million
Alkane Resources Limited (ALK) $309.37 Million 5.71% 0.50x $985.87 Million
Alliance Mining Corp (ALM) $-656.72K 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $21.46 Million -7.16% 0.01x $38.60 Million
Argus Metals Corp. (AML) $3.56 Million -6.01% 0.17x $1.59 Million

About Spanish Mountain Gold Ltd

V:SPA Canada Gold
Market Cap
$86.94 Million
CA$120.18 Million CAD
Market Cap Rank
#21600 Global
#554 in Canada
Share Price
CA$0.25
Change (1 day)
-2.00%
52-Week Range
CA$0.12 - CA$0.30
All Time High
CA$0.73
Categories
Companies in Canada Gold
About

Spanish Mountain Gold Ltd., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's primary asset includes the 100% owned Spanish Mountain gold project that comprises approximately 53 contiguous mineral claims and 15 placer claims covering an area of approximately 13,598 hectares located in the Cariboo r… Read more