Xtra-Gold Reports Q2 2025 Financials and CEO Update

Rhea-AI Summary

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.

Positive

• Total assets of $16.27 million with strong liquid position
• Zero debt position maintained
• Quarterly net income of $577,338
• Discovery of new gold shoot at Kibi Gold Project
• Strong H1 2025 income of $3.85 million

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to provide the following summary of the unaudited Financials ending June 30, 2025:

-Total Assets of US$16,274,683 comprised mainly of cash, liquid securities, and gold inventory ("Liquid Assets");

- Zero Debt;

-Total Income for the quarter of US$1,744,796; and

-Net Income (after tax) of US$577,338.

The full details of the Quarterly Financials with MD&A can be viewed on the Company's website at www.xtragold.com.

James Longshore, CEO/Co-Founder states: "Our Company had another great quarter, with total income for the first two quarters of the year totaling US$3,852,052. Our Exploration Team has also identified a new gold shoot, which has the potential to significantly increase the resource of our Kibi Gold Project."

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position totaling 226 square kilometers in the Kibi Gold Belt. The Kibi Gold Belt is geologically analogous and in close proximity to the world famous Ashanti Gold Belt, which is one of the most highly endowed gold belts in the world with estimated gold resource of over 130 million ounces. Our company is the best positioned explorer to make the next major gold discovery in Ghana.

Forward-Looking Statements

The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements." These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Contact Information

For further information please contact:

James Longshore
Chief Executive Officer
Tel.: 242-363-3864
E-mail: info@xtragold.com
Website: www.xtragold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262182

FAQ

What were Xtra-Gold's (XTGRF) Q2 2025 financial results?

Xtra-Gold reported total income of $1.74 million and net income of $577,338 for Q2 2025, with total assets of $16.27 million.

How much debt does Xtra-Gold (XTGRF) currently have?

Xtra-Gold maintains a zero debt position as of Q2 2025.

What was Xtra-Gold's (XTGRF) total income for the first half of 2025?

Xtra-Gold's total income for the first two quarters of 2025 amounted to $3.85 million.

What new development was announced for Xtra-Gold's Kibi Gold Project?

The exploration team identified a new gold shoot that has the potential to significantly increase the resource of the Kibi Gold Project.

What are Xtra-Gold's (XTGRF) total assets as of Q2 2025?

Xtra-Gold reported total assets of $16.27 million, primarily composed of cash, liquid securities, and gold inventory.