GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (TSX:FURY) » Definitions » Retained Earnings

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


View and export this data going back to 2008. Start your Free Trial

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.

* Premium members only.

Fury Gold Mines Retained Earnings Chart

Fury Gold Mines Annual Data
Trend Jun14 Jun15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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

Traded in Other Exchanges
Address
1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3
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