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XTRA-GOLD RESOURCES BVI - $XTGRF STOCK NEWS

Welcome to our dedicated page for XTRA-GOLD RESOURCES BVI news (Ticker: $XTGRF), a resource for investors and traders seeking the latest updates and insights on XTRA-GOLD RESOURCES BVI stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XTRA-GOLD RESOURCES BVI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XTRA-GOLD RESOURCES BVI's position in the market.

Rhea-AI Summary

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.

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Xtra-Gold Resources Corp. (XTGRF) announces the renewal of its normal course issuer bid for a further one-year period. The company plans to repurchase up to 4,000,000 common shares under the 2024 Bid, believing that the current market price undervalues its business. The bid aims to increase shareholder value and equity interest. The 2024 Bid will run from March 18, 2024, to March 17, 2025, with a daily purchase limit set at 2,870 common shares. Haywood Securities Inc. will act as the broker for the bid. Previous results from the 2023 Bid show the company purchased 316,500 Common Shares at an average price of $0.88 per share.
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Xtra-Gold Resources Corp. has released its Q3 2023 Financials, reporting an increase in total assets from US$11,847,566 to US$13,913,546. The company has zero debt and saw a significant increase in pre-tax income for the quarter, from US$194,660 to US$1,049,668. Xtra-Gold continues its aggressive drilling program at the Kibi Gold Project and has been able to finance the majority of its operating costs through its 'Community Mining Project'. Shareholders have not experienced any dilution to their equity since the company's initial public offering.
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XTRA-GOLD RESOURCES BVI

OTC:XTGRF

XTGRF Rankings

XTGRF Stock Data

41.79M
35.18M
22.55%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Nassau