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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kinross Gold's retained earnings for the quarter that ended in Mar. 2026 was C$-7,063 Mil.
Kinross Gold's quarterly retained earnings
increased
from Sep. 2025 (C$-9,418 Mil) to Dec. 2025 (C$-8,199 Mil) and
increased
from Dec. 2025 (C$-8,199 Mil) to Mar. 2026 (C$-7,063 Mil).
Kinross Gold's annual retained earnings
increased
from Dec. 2023 (C$-12,051 Mil) to Dec. 2024 (C$-11,656 Mil) and
increased
from Dec. 2024 (C$-11,656 Mil) to Dec. 2025 (C$-8,199 Mil).
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.
Kinross Gold Retained Earnings Historical Data
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The historical data trend for Kinross Gold'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.
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.
What does a Retained Earnings of C$-7,063 Mil mean?
Kinross Gold (TSX:K) has a Retained Earnings of C$-7,063 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Kinross Gold and its competitors.
Is Kinross Gold's Retained Earnings too high?
Kinross Gold's current Retained Earnings is C$-7,063 Mil. Overall, Kinross Gold has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Retained Earnings compare to NEM and AU?
Kinross Gold's Retained Earnings of C$-7,063 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Kinross Gold and its competitors. Kinross Gold's current Retained Earnings is C$-7,063 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (TSX:K) is currently considered Modestly Overvalued. The stock's GF Value™ is C$26.18, compared to a current price of C$31.67 — trading 21% above its estimated fair value. The current Retained Earnings is C$-7,063 Mil. Kinross Gold's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Kinross Gold (TSX:K), the current Retained Earnings is C$-7,063 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kinross Gold (TSX:K) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of C$31.67 is trading 21% above its estimated GF Value™ of C$26.18.
GuruFocus considers Kinross Gold to be Modestly Overvalued.
Key valuation signals for TSX:K:
Retained Earnings: C$-7,063 Mil
GF Value™: C$26.18 vs. price of C$31.67 (21% above fair value)
No single metric tells the full story. See the TSX:K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
96GF Score
Get the complete analysis for TSX:K
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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