Welcome to our dedicated page for Xtra Gold Res news (Ticker: XTGRF), a resource for investors and traders seeking the latest updates and insights on Xtra Gold Res stock.
Xtra Gold Resources Corp. (XTGRF) is a gold exploration company focused on advancing its strategic position in Ghana's Kibi Gold Belt through systematic drilling campaigns and geological evaluations. This page serves as the definitive source for all official company announcements, operational updates, and financial developments.
Investors and industry observers will find timely updates on exploration results, resource estimates, and corporate strategy. Our curated collection includes press releases detailing drilling progress, technical reports, and financial decisions that shape XTGRF's path toward potential resource development.
Key updates cover drilling program expansions, geological survey findings, and balance sheet management initiatives. The company's debt-free approach and focus on the Kibi Gold Belt's untapped potential are recurring themes in its communications.
Bookmark this page for direct access to unfiltered information from Xtra Gold's leadership team. Check back regularly for new developments as the company works to delineate gold resources through disciplined exploration methodologies.
Xtra-Gold Resources Corp (TSX: XTG) (OTCQB: XTGRF) has announced the renewal of its normal course issuer bid program for 2025, approved by the Toronto Stock Exchange. The company plans to repurchase up to 4,000,000 common shares, representing approximately 10% of its public float of 40,885,362 shares.
The 2025 Bid will run from March 18, 2025, to March 17, 2026, with a daily purchase limit of 2,864 shares. The company has engaged Haywood Securities Inc. as the broker for conducting the bid. All purchases will be made through the TSX at market prices, and purchased shares will be cancelled.
Regarding the previous 2024 Bid results, Xtra-Gold has purchased 165,700 common shares at an average price of $1.61 per share. As of March 6, 2025, the company has 45,944,217 common shares issued and outstanding.
Xtra-Gold Resources reported strong Q3 2024 financial results with total assets of US$15.3 million, primarily consisting of cash, liquid securities, and gold inventory. The company achieved total income of US$2.07 million and net income after tax of US$1.46 million. Operating with zero debt, Xtra-Gold covered all exploration drilling and operating costs while strengthening its treasury. The company is preparing to drill several high-priority gold targets near its existing mineral resource footprint, aiming to expand its gold discovery potential.
Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) has reported its Q2 2024 unaudited financials, showcasing a strong financial position. The company's total assets stand at US$13,511,022, primarily consisting of cash, liquid securities, and gold inventory. Notably, Xtra-Gold maintains zero debt. For the quarter, the company achieved a total income of US$1,434,566 and a net income (after tax) of US$664,764.
CEO James Longshore highlighted the company's successful quarter, emphasizing that the alluvial gold project's excess cash is strengthening the balance sheet, with over US$12 million in liquid assets. The exploration team is preparing to drill several high-priority gold targets near the existing mineral resource footprint, aiming to expedite Xtra-Gold's goal of becoming a multi-million ounce gold discovery.
Xtra-Gold Resources Corp. (TSX: XTG; OTCQB: XTGRF) announced the voting results of its Annual General Meeting held on June 14, 2024. A total of 26,626,228 common shares, representing 57.763% of the company's issued and outstanding shares, were voted. Key resolutions approved include the appointment of Reliant CPA PC as auditors and the election of six directors with nearly unanimous support. Additionally, shareholders voted 97.747% in favor of amending the stock option plan to extend the exercise price period following a participant's death from 1 year to 3 years.
Xtra-Gold Resources Corp. (XTG) reported impressive Q1 2024 financials with total assets of US$12,700,871, zero debt, total income of US$1,234,557, and net income of US$510,987. The company's CEO highlighted successful exploration drilling and no shareholder dilution over the past 14 years. Xtra-Gold remains focused on expanding its Kibi Gold Project, expecting it to be a multi-million-ounce gold resource.
Xtra-Gold Resources Corp. (TSX:XTG, OTCQB:XTGRF) will present at the LD 500 Virtual Conference on September 3, 2020, at 9:00 AM PST. The conference runs from September 1-4, offering virtual one-on-one meetings with investors. CEO James Longshore will discuss operations in the Kibi Gold Belt, Ghana, highlighting ongoing expansion drilling with two diamond drill rigs. Notably, total assets surged to US$8,877,398 as of June 30, 2020, with zero debt and a net income of US$1,216,211 (USD 0.03 per share).
FAQ
What is the current stock price of Xtra Gold Res (XTGRF)?
What is the market cap of Xtra Gold Res (XTGRF)?
