Pirate Gold Corp. (YARR) - Net Assets
Based on the latest financial reports, Pirate Gold Corp. (YARR) has net assets worth CA$27.33 Million CAD (≈ $19.77 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$32.67 Million ≈ $23.63 Million USD) and total liabilities (CA$5.34 Million ≈ $3.86 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. Also explore Pirate Gold Corp. total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$27.33 Million |
| % of Total Assets | 83.66% |
| Annual Growth Rate | -21.89% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.12 |
Pirate Gold Corp. - Net Assets Trend (2021–2024)
This chart illustrates how Pirate Gold Corp.'s net assets have evolved over time, based on quarterly financial data. Check Pirate Gold Corp. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Pirate Gold Corp. (2021–2024)
The table below shows the annual net assets of Pirate Gold Corp. from 2021 to 2024. For live valuation and market cap data, see Pirate Gold Corp. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$7.79 Million ≈ $5.64 Million |
+47.65% |
| 2023-06-30 | CA$5.28 Million ≈ $3.82 Million |
-51.40% |
| 2022-06-30 | CA$10.86 Million ≈ $7.86 Million |
-33.60% |
| 2021-06-30 | CA$16.36 Million ≈ $11.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pirate 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 2324718000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$52.53 Million | 673.96% |
| Total Equity | CA$7.79 Million | 100.00% |
Pirate Gold Corp. Competitors by Market Cap
The table below lists competitors of Pirate Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chuwa Wool Industry Co Taiwan Ltd
TW:1439
|
$74.93 Million |
|
Kaiser Reef Ltd
AU:KAU
|
$74.95 Million |
|
Spark I Acquisition Corp. Class A Ordinary Share
NASDAQ:SPKL
|
$74.97 Million |
|
Empress Royalty Corp
V:EMPR
|
$75.00 Million |
|
New Horizon Aircraft Ltd
NASDAQ:HOVR
|
$74.91 Million |
|
Macrogen Inc
KQ:038290
|
$74.91 Million |
|
Brixton Metals Corporation
V:BBB
|
$74.89 Million |
|
Inovio Pharmaceuticals Inc
NASDAQ:INO
|
$74.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pirate Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,278,550 to 7,794,042, a change of 2,515,492 (47.7%).
- Net loss of 1,042,694 reduced equity.
- New share issuances of 3,711,035 increased equity.
- Other factors decreased equity by 152,849.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.04 Million | -13.38% |
| Share Issuances | CA$3.71 Million | +47.61% |
| Other Changes | CA$-152.85K | -1.96% |
| Total Change | CA$- | 47.65% |
Book Value vs Market Value Analysis
This analysis compares Pirate 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: 7.54x
- 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 2.50x to 7.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | CA$0.08 | CA$0.21 | x |
| 2022-06-30 | CA$0.05 | CA$0.21 | x |
| 2023-06-30 | CA$0.02 | CA$0.21 | x |
| 2024-06-30 | CA$0.03 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pirate Gold Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-13.38%) is above the historical average (-84.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -23.08% | 0.00% | 0.00x | 1.04x | CA$-5.41 Million |
| 2022 | -112.93% | 0.00% | 0.00x | 1.15x | CA$-13.35 Million |
| 2023 | -188.30% | 0.00% | 0.00x | 1.27x | CA$-10.47 Million |
| 2024 | -13.38% | 0.00% | 0.00x | 1.03x | CA$-1.82 Million |
Industry Comparison
This section compares Pirate Gold Corp.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,353,474,797
- Average return on equity (ROE) among peers: -22.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pirate Gold Corp. (YARR) | CA$27.33 Million | -23.08% | 0.20x | $74.91 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.59 Billion |
| Abcourt Mines Inc. (ABI) | $542.08K | -7.78% | 0.16x | $60.24 Million |
| Barrick Gold Corp (ABX) | $12.86 Billion | -22.60% | 1.63x | $59.47 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $127.56 Million |
| Agnico Eagle Mines Limited (AEM) | $127.14 Million | 11.88% | 1.22x | $69.33 Billion |
| Alamos Gold Inc (AGI) | $74.89 Million | -5.04% | 0.01x | $12.03 Billion |
| AIS Resources Ltd (AIS) | $4.96 Million | -17.19% | 0.24x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $18.80 Million | -9.47% | 0.04x | $33.26 Million |
| Almaden Minerals Ltd (AMM) | $27.26 Million | -3.85% | 0.03x | $24.82 Million |
About Pirate Gold Corp.
Pirate Gold Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties in Canada. It primarily focuses on its portfolio of gold projects located in the province of Newfoundland and Labrador. The company's flagship project is the 100% owned Moosehead gold property, which consist of 98 claims covering an area of approximately 2,450 hectares located in cent… Read more