McEwen Mining (TSX:MUX) Retained Earnings : C$-1,763.0 Mil (As of Sep. 2024)

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What is McEwen Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. McEwen Mining's retained earnings for the quarter that ended in Sep. 2024 was C$-1,763.0 Mil.

McEwen Mining's quarterly retained earnings declined from Mar. 2024 (C$-1,741.3 Mil) to Jun. 2024 (C$-1,780.8 Mil) but then increased from Jun. 2024 (C$-1,780.8 Mil) to Sep. 2024 (C$-1,763.0 Mil).

McEwen Mining's annual retained earnings declined from Dec. 2021 (C$-1,587.5 Mil) to Dec. 2022 (C$-1,795.0 Mil) but then increased from Dec. 2022 (C$-1,795.0 Mil) to Dec. 2023 (C$-1,698.5 Mil).

McEwen Mining Retained Earnings Historical Data

The historical data trend for McEwen Mining'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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McEwen Mining Retained Earnings Chart

McEwen Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-1,358.02

-1,516.01

-1,587.53

-1,795.03

-1,698.51

McEwen Mining 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															-1,900.42	-1,698.51	-1,741.30	-1,780.85	-1,763.01

McEwen Mining 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.

McEwen Mining (TSX:MUX) 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.

McEwen Mining Business Description

Industry

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Traded in Other Exchanges

MUX:USA 1MUX:Italy 0JZT:UK US8:Germany US8:Germany MUX:Austria

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.