Xtra Gold Res Stock Price, News & Analysis

Xtra-Gold Resources (OTCQB: XTGRF) reported unaudited results for Q3 2025 and a CEO update dated October 28, 2025. Key figures: Total assets US$19,332,270, Zero debt, Q3 Total Income from Other Items US$3,259,554, and Q3 Net Income after tax US$2,269,119. For the first nine months of 2025 the company recorded Total Income from Other Items US$7,111,606, driven by sales of 3,391 ounces of fine gold at an average price of US$3,168/oz. CEO James Longshore said exploration activities were fully funded and expensed, with three company-owned diamond drill rigs operating and multiple new potential gold shoots discovered. The company estimates a discovery cost of ~US$10 per ounce of gold in the ground.

Xtra-Gold Resources (OTCQB: XTGRF) has acquired its fourth diamond drill rig, a CS1000/P4 crawler-mounted unit, to accelerate exploration at its Kibi Gold Project. The company stands out by operating its own drill rig fleet instead of using third-party contractors, resulting in an 80% reduction in finding cost per gold ounce.

The company's drilling costs are under US$50 per meter, compared to Ghana's average contracted rate of US$250 per meter. Having drilled over 100,000 meters at Kibi Gold Project, this strategy has saved approximately US$20 million. The new rig will support resource expansion at the Orange No. 5 target, potentially extending the project's footprint to over 5 kilometers.

Xtra-Gold Resources (OTCQB: XTGRF) has released its Q2 2025 unaudited financial results, reporting total income of $1.74 million and net income of $577,338. The company maintains a strong balance sheet with total assets of $16.27 million, primarily consisting of cash, liquid securities, and gold inventory, while maintaining zero debt.

For the first half of 2025, Xtra-Gold achieved total income of $3.85 million. Additionally, the company's exploration team has identified a new gold shoot that could potentially expand the resource base of their Kibi Gold Project.

Xtra-Gold Resources (OTCQB: XTGRF) held its Annual General Meeting (AGM) on July 31, 2025, with 57.411% of shareholders participating, representing 26,336,670 common shares. The meeting resulted in the appointment of LJ Soldinger Associates, LLC as auditors and the election of six directors to the board.

All director nominees received overwhelming support with approval rates exceeding 99.98%. The elected board members include Peter Minuk, James Schweitzer, James Longshore, Denis Laviolette, Hans Morsches, and Todd Gibson.

Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) has released its audited financial results for the year ending December 31, 2024. The company reported total assets of US$14.2 million, primarily consisting of cash, liquid securities, and gold inventory. Key financial highlights include zero debt, total income of US$4.39 million, and net income after tax of US$1.68 million. CEO James Longshore highlighted that despite running an aggressive drill program with three rigs throughout the year, the company maintained strong financial performance. Notably, Xtra-Gold has been self-sustaining for 15 years, requiring no major equity financings since its TSX listing in 2010, and has secured funding for drill programs through 2027.

Xtra-Gold Resources (TSX: XTG) (OTCQB: XTGRF) has released its Q1 2025 unaudited financial results, reporting total assets of $16.18 million, primarily consisting of cash, liquid securities, and gold inventory. The company achieved a total income of $2.11 million and net income after tax of $1.41 million for the quarter.

The company maintains a strong financial position with zero debt and is actively pursuing resource expansion through aggressive drilling operations using three diamond drill rigs. CEO James Longshore emphasized that the company has already made a significant gold discovery and is fully funded to execute its business plan without requiring dilutive public market equity raises.

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.