HighGold Mining (TSXV:HIGH) Total Assets : C$54.32 Mil (As of Mar. 2024)

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What is HighGold Mining Total Assets?

HighGold Mining's Total Assets for the quarter that ended in Mar. 2024 was C$54.32 Mil.

During the past 12 months, HighGold Mining's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 30.90% per year.

During the past 5 years, HighGold Mining's highest 3-Year average Total Assets Growth Rate was 102.20%. The lowest was 30.90%. And the median was 66.55%.

Total Assets is connected with ROA %. HighGold Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -4.10%. Total Assets is also linked to Revenue through Asset Turnover. HighGold Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

HighGold Mining Total Assets Historical Data

The historical data trend for HighGold Mining's Total 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 Total Assets Chart

HighGold Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

19.07

40.32

61.73

61.55

54.47

HighGold Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial														61.55	61.41	57.37	54.47	54.32

HighGold Mining Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

HighGold Mining's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	54.217	+	0.256
	=	54.47

HighGold Mining's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	54.126	+	0.198
	=	54.32

HighGold Mining (TSXV:HIGH) Total Assets Explanation

Total Assets is connected with ROA %.

HighGold Mining's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-2.232	/	( (54.474	+	54.324)	/ 2 )
	=	-2.232	/	54.399
	=	-4.10 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

HighGold Mining's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (54.474	+	54.324)	/ 2 )
=	0	/	54.399
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

HighGold Mining Total 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 » Total 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