Goldshore Resources Inc (GSHR) - Total Assets
Based on the latest financial reports, Goldshore Resources Inc (GSHR) holds total assets worth CA$148.33 Million CAD (≈ $107.30 Million USD) as of June 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore how well can Goldshore Resources Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Goldshore Resources Inc - Total Assets Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's total assets have evolved over time, based on quarterly financial data. See Goldshore Resources Inc shareholders equity for net asset value and shareholders' equity analysis.
Goldshore Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Goldshore Resources Inc's total assets of CA$148.33 Million consist of 14.3% current assets and 85.7% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 13.8% |
| Accounts Receivable | CA$0.00 | 0.0% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see GSHR company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Goldshore Resources Inc's current assets represent 14.3% of total assets in 2024, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 13.8% of total assets in 2024, down from 27.2% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Goldshore Resources Inc Competitors by Total Assets
Key competitors of Goldshore Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Wheaton Precious Metals Corp
TO:WPM
|
Canada | CA$9.85 Billion |
|
Gold Fields Limited
F:EDG
|
Germany | €15.23 Billion |
|
Gold Fields Ltd
JSE:GFI
|
South Africa | ZAC10.86 Billion |
|
Dpm Metals Inc.
AU:DPM
|
Australia | AU$3.08 Billion |
|
Equinox Gold Corp
TO:EQX
|
Canada | CA$9.66 Billion |
|
G Mining Ventures Corp.
TO:GMIN
|
Canada | CA$1.95 Billion |
|
OceanaGold Corporation
F:RQQ
|
Germany | €2.78 Billion |
Goldshore Resources Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 5.36 | 4.93 | 6.21 |
| Quick Ratio | 5.36 | 4.93 | 6.21 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$33.10 Million | CA$3.50 Million | CA$11.37 Million |
Goldshore Resources Inc - Advanced Valuation Insights
This section examines the relationship between Goldshore Resources Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.03 |
| Latest Market Cap to Assets Ratio | 1.63 |
| Asset Growth Rate (YoY) | 27.5% |
| Total Assets | CA$111.69 Million |
| Market Capitalization | $181.61 Million USD |
Valuation Analysis
Above Book Valuation: The market values Goldshore Resources Inc's assets above their book value (1.63x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Goldshore Resources Inc's assets grew by 27.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Goldshore Resources Inc (2019–2024)
The table below shows the annual total assets of Goldshore Resources Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$111.69 Million ≈ $80.80 Million |
+27.50% |
| 2022-12-31 | CA$87.60 Million ≈ $63.37 Million |
+16.49% |
| 2021-12-31 | CA$75.20 Million ≈ $54.40 Million |
+604.23% |
| 2020-12-31 | CA$10.68 Million ≈ $7.72 Million |
+49303.22% |
| 2019-12-31 | CA$21.61K ≈ $15.64K |
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About Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.