Gold Reserve Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	702	207	179	276	126	118
Market Cap Growth	58.92%	15.78%	-35.23%	118.11%	6.72%	-25.51%
Enterprise Value	563	115	96	236	81	67
Last Close Price	4.75	1.69	1.58	2.77	1.27	1.19
PB Ratio	5.68	3.44	2.74	9.65	2.45	1.97
P/TBV Ratio	5.68	3.44	2.74	9.65	2.45	1.97
Debt / Equity Ratio	0.00	0.00	-	-	-	0.00
Net Debt / Equity Ratio	-1.13	-1.30	-1.20	-1.37	-0.83	-0.82
Net Debt / EBITDA Ratio	8.71	7.60	7.15	6.28	6.41	6.15
Net Debt / FCF Ratio	3.73	2.59	6.51	5.26	6.76	5.71
Quick Ratio	8.13	4.16	5.62	3.50	37.79	94.84
Current Ratio	8.17	4.17	5.64	3.53	38.13	95.67
Return on Equity (ROE)	-40.16%	-54.77%	-32.43%	-57.68%	-15.40%	-16.50%
Return on Assets (ROA)	-9.26%	-8.12%	-11.56%	-8.48%	-7.49%	-7.78%
Return on Invested Capital (ROIC)	-	-	-	-	-69.80%	-73.71%
Return on Capital Employed (ROCE)	-13.00%	-17.10%	-16.90%	-22.00%	-13.20%	-13.50%
Earnings Yield	-5.16%	-16.58%	-8.51%	-8.38%	-6.80%	-8.95%
FCF Yield	-5.32%	-14.54%	-6.75%	-2.69%	-5.03%	-7.27%
Buyback Yield / Dilution	-10.83%	-9.91%	-7.04%	0.00%	-0.07%	-0.09%