Lundin Gold (TSX:LUG) Retained Earnings : C$303 Mil (As of Dec. 2024)

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What is Lundin Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lundin Gold's retained earnings for the quarter that ended in Dec. 2024 was C$303 Mil.

Lundin Gold's quarterly retained earnings increased from Jun. 2024 (C$60 Mil) to Sep. 2024 (C$178 Mil) and increased from Sep. 2024 (C$178 Mil) to Dec. 2024 (C$303 Mil).

Lundin Gold's annual retained earnings increased from Dec. 2022 (C$-209 Mil) to Dec. 2023 (C$-93 Mil) and increased from Dec. 2023 (C$-93 Mil) to Dec. 2024 (C$303 Mil).

Lundin Gold Retained Earnings Historical Data

The historical data trend for Lundin 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.

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Lundin Gold Retained Earnings Chart

Lundin Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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-515.06

-231.28

-209.43

-93.40

302.87

Lundin Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-93.40	-69.84	59.95	178.10	302.87

Lundin Gold 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.

Lundin Gold (TSX:LUG) 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.

Lundin Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Gold Inc (TSX:LUG) » Definitions » Retained Earnings

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Traded in Other Exchanges

LUGDF:USA LUG:Sweden LUGs:UK 0R4M:UK F1YN:Germany

Address

1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

Executives

Ian Gibbs	Director
Chester See	Senior Officer
Sheila Margaret Colman	Senior Officer
Ronald F. Hochstein	Director, Senior Officer
Pablo Mir	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Terrence Smith	Senior Officer
Nathan Monash	Senior Officer
Christopher Kevork Kololian	Senior Officer
Chantal Gosselin	Director
Gillian Davidson	Director
Alessandro Bitelli	Senior Officer
Iliana Rodriguez	Senior Officer
Robert Malcolm Thiele	Director
Lorito Doraline S.à.r.l.	10% Security Holder
Carmela Daniele	Director

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