HighGold Mining (TSXV:HIGH) Scaled Net Operating Assets : 0.92 (As of Mar. 2024)

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What is HighGold Mining Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HighGold Mining's operating assets for the quarter that ended in Mar. 2024 was C$50.13 Mil. HighGold Mining's operating liabilities for the quarter that ended in Mar. 2024 was C$0.14 Mil. HighGold Mining's Total Assets for the quarter that ended in Dec. 2023 was C$54.47 Mil. Therefore, HighGold Mining's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.92.

HighGold Mining Scaled Net Operating Assets Historical Data

The historical data trend for HighGold Mining's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HighGold Mining Scaled Net Operating Assets Chart

HighGold Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

0.28

1.11

0.95

0.86

0.80

HighGold Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial														0.85	0.88	0.77	0.86	0.92

Competitive Comparison of HighGold Mining's Scaled Net Operating Assets

For the Gold subindustry, HighGold Mining's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HighGold Mining's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, HighGold Mining's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where HighGold Mining's Scaled Net Operating Assets falls into.

HighGold Mining Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HighGold Mining's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(49.307	-	0.184)	/	61.548
=	0.80

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	54.474	-	5.167
=	49.307

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.256	-	0.006	-	0.066
=	0.184

HighGold Mining's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(50.128	-	0.142)	/	54.474
=	0.92

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	54.324	-	4.196
=	50.128

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.198	-	0	-	0.056
=	0.142

HighGold Mining Scaled Net Operating Assets Related Terms

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HighGold Mining (TSXV:HIGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » HighGold Mining Inc (TSXV:HIGH) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HGMIF:USA

Address

375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6

Website

https://www.highgoldmining.com

HighGold Mining Inc is a mineral exploration company focused on high-grade gold projects located in North America. Its flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in south-central Alaska, USA. The company also controls a portfolio of gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its highgrade mineralization, and the large Golden Mile and Golden Perimeter properties.

Executives

Darwin Green

Director, Senior Officer