Visible Gold Mines (TSXV:VGD) Retained Earnings: C$-27.31 Mil (As of Jan. 2026)

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TSXV:VGD Visible Gold Mines Inc TSXV:VGD
40 GF Score
Price C$0.16
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What is Visible Gold Mines Retained Earnings?

Visible Gold Mines TSXV:VGD +3.33% 40 Retained Earnings is C$-27.31 Mil as of Jan. 2026. GuruFocus rates TSXV:VGD with a GF Score™ of 40/100.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Visible Gold Mines's retained earnings for the quarter that ended in Jan. 2026 was C$-27.31 Mil.

Visible Gold Mines's quarterly retained earnings increased from Jul. 2025 (C$-30.36 Mil) to Oct. 2025 (C$-27.95 Mil) and increased from Oct. 2025 (C$-27.95 Mil) to Jan. 2026 (C$-27.31 Mil).

Visible Gold Mines's annual retained earnings declined from Jul. 2023 (C$-29.19 Mil) to Jul. 2024 (C$-29.89 Mil) and declined from Jul. 2024 (C$-29.89 Mil) to Jul. 2025 (C$-30.36 Mil).

Visible Gold Mines  (TSXV:VGD) 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.

Visible Gold Mines Retained Earnings Historical Data

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The historical data trend for Visible 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.

Visible Gold Mines Retained Earnings Chart

Visible Gold Mines Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.08 -28.17 -29.19 -29.89 -30.36

Visible Gold Mines Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 -30.08 -30.29 -30.36 -27.95 -27.31
TSXV:VGD
40GF Score
Visible Gold Mines Inc TSXV:VGD
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Visible 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of C$-27.31 Mil mean?
Visible Gold Mines (TSXV:VGD) has a Retained Earnings of C$-27.31 Mil as of Jan. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Visible Gold Mines and its competitors.
Is Visible Gold Mines' Retained Earnings too high?
Visible Gold Mines' current Retained Earnings is C$-27.31 Mil. Overall, Visible Gold Mines has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Visible Gold Mines' Retained Earnings compare to NEM and AU?
Visible Gold Mines' Retained Earnings of C$-27.31 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 Visible Gold Mines and its competitors. Visible Gold Mines's current Retained Earnings is C$-27.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visible Gold Mines stock overvalued right now?
Visible Gold Mines (TSXV:VGD) has a current Retained Earnings of C$-27.31 Mil. The current Retained Earnings is C$-27.31 Mil. Visible Gold Mines' overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Visible Gold Mines (TSXV:VGD), the current Retained Earnings is C$-27.31 Mil as of Jan. 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.

Visible Gold Mines Business Description

Other Exchanges VGMIF:USA3V41:Germany
Address 147 Avenue Quebec (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the exploration and evaluation of mineral resources. Its projects include the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a minority interest in the Capricorn project, all located along the Cadillac-Larder Lake near the town of Rouyn-Noranda in the province of Quebec, Canada. Its Lithium James Bay projects include Megali, Carli, and Natali.
40GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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