Fury Gold Mines (TSX:FURY) Retained Earnings : C$-157.93 Mil (As of Sep. 2024)

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What is Fury Gold Mines Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fury Gold Mines's retained earnings for the quarter that ended in Sep. 2024 was C$-157.93 Mil.

Fury Gold Mines's quarterly retained earnings declined from Mar. 2024 (C$-149.99 Mil) to Jun. 2024 (C$-153.48 Mil) and declined from Jun. 2024 (C$-153.48 Mil) to Sep. 2024 (C$-157.93 Mil).

Fury Gold Mines's annual retained earnings increased from Dec. 2021 (C$-156.75 Mil) to Dec. 2022 (C$-131.84 Mil) but then declined from Dec. 2022 (C$-131.84 Mil) to Dec. 2023 (C$-149.05 Mil).

Fury Gold Mines Retained Earnings Historical Data

The historical data trend for Fury Gold Mines's Retained Earnings 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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Fury Gold Mines Retained Earnings Chart

Fury Gold Mines Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-102.60

-139.96

-156.75

-131.84

-149.05

Fury Gold Mines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-144.45	-149.05	-149.99	-153.48	-157.93

Fury Gold Mines Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Fury Gold Mines (TSX:FURY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Fury Gold Mines Business Description

Industry

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FURY:USA 0UJK:UK AUN1:Germany

Address

1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.furygoldmines.com

Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Executives

Helga Fairhurst	Senior Officer
Bryan Roy Atkinson	Senior Officer
Forrester Clark	Director
Alison Sagateh Williams	Director
Brian James Christie	Director
Ivan Bebek	Director
Michael Timmins	Director, Senior Officer
Salisha Ilyas	Senior Officer
Michael Hoffman	Director
Elizabeth Kathryn Senez	Senior Officer
Blair Schultz	Director
Antonio Arribas	Director
Michael Henrichsen	Senior Officer
Christian Rios	Subsidiary