Klondike Gold (TSXV:KG) Retained Earnings : C$-64.43 Mil (As of Nov. 2023)

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What is Klondike Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Klondike Gold's retained earnings for the quarter that ended in Nov. 2023 was C$-64.43 Mil.

Klondike Gold's quarterly retained earnings declined from May. 2023 (C$-64.14 Mil) to Aug. 2023 (C$-64.23 Mil) and declined from Aug. 2023 (C$-64.23 Mil) to Nov. 2023 (C$-64.43 Mil).

Klondike Gold's annual retained earnings declined from Feb. 2021 (C$-62.12 Mil) to Feb. 2022 (C$-62.75 Mil) and declined from Feb. 2022 (C$-62.75 Mil) to Feb. 2023 (C$-63.78 Mil).

Klondike Gold Retained Earnings Historical Data

The historical data trend for Klondike 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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Klondike Gold Retained Earnings Chart

Klondike Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Retained Earnings

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-59.63

-60.80

-62.12

-62.75

-63.78

Klondike Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Retained Earnings	Get a 7-Day Free Trial															-63.24	-63.78	-64.14	-64.23	-64.43

Klondike 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.

Klondike Gold (TSXV:KG) 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.

Klondike Gold (TSXV:KG) Business Description

Industry

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KDKGF:USA LBDP:Germany

Address

595 Burrard Street, Suite 3123, P.O. Box 49195, Vancouver, BC, CAN, V7X 1J1

Website

https://www.klondikegoldcorp.com

Klondike Gold Corp is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondek Hwech'in First Nation traditional territory.

Executives

Peter Tallman

Director, Senior Officer

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