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 Corp. (TSX: XTG) (OTCQB: XTGRF) ha pubblicato i risultati finanziari certificati per l'anno concluso il 31 dicembre 2024. La società ha riportato attività totali per 14,2 milioni di dollari USA, principalmente composte da liquidità, titoli liquidi e scorte d'oro. I principali dati finanziari evidenziano assenza di debiti, un reddito totale di 4,39 milioni di dollari USA e un utile netto dopo le imposte di 1,68 milioni di dollari USA. Il CEO James Longshore ha sottolineato che, nonostante un programma di perforazione aggressivo con tre trivelle durante tutto l'anno, la società ha mantenuto solide performance finanziarie. In particolare, Xtra-Gold è autosufficiente da 15 anni, senza aver bisogno di finanziamenti azionari significativi dal suo ingresso in TSX nel 2010, e ha garantito i fondi necessari per i programmi di perforazione fino al 2027.
Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ha publicado sus resultados financieros auditados para el año que finalizó el 31 de diciembre de 2024. La compañía reportó activos totales por 14,2 millones de dólares estadounidenses, compuestos principalmente por efectivo, valores líquidos e inventario de oro. Los aspectos financieros clave incluyen cero deuda, ingresos totales de 4,39 millones de dólares estadounidenses y un ingreso neto después de impuestos de 1,68 millones de dólares estadounidenses. El CEO James Longshore destacó que, a pesar de operar un programa de perforación agresivo con tres equipos durante todo el año, la empresa mantuvo un sólido desempeño financiero. Notablemente, Xtra-Gold ha sido autosuficiente durante 15 años, sin requerir financiamientos significativos de capital desde su cotización en TSX en 2010, y ha asegurado fondos para los programas de perforación hasta 2027.
Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF)는 2024년 12월 31일 종료된 회계연도에 대한 감사된 재무 결과를 발표했습니다. 회사는 주로 현금, 유동 증권 및 금 재고로 구성된 총 자산 1,420만 미국 달러를 보고했습니다. 주요 재무 하이라이트로는 무부채, 총 수입 439만 미국 달러, 세후 순이익 168만 미국 달러가 포함됩니다. CEO 제임스 롱쇼어는 연중 세 대의 시추 장비를 가동하는 공격적인 시추 프로그램에도 불구하고 회사가 강력한 재무 성과를 유지했다고 강조했습니다. 특히 Xtra-Gold는 2010년 TSX 상장 이후 15년간 자립해 왔으며, 주요 자본 조달 없이 운영해 왔고 2027년까지 시추 프로그램 자금도 확보했다고 밝혔습니다.
Xtra-Gold Resources Corp. (TSX : XTG) (OTCQB : XTGRF) a publié ses résultats financiers audités pour l'année se terminant le 31 décembre 2024. La société a déclaré des actifs totaux de 14,2 millions de dollars US, principalement composés de liquidités, de titres liquides et d'inventaire d'or. Les points financiers clés incluent aucune dette, un revenu total de 4,39 millions de dollars US et un bénéfice net après impôts de 1,68 million de dollars US. Le PDG James Longshore a souligné qu'en dépit d'un programme de forage agressif avec trois plateformes tout au long de l'année, la société a maintenu une solide performance financière. Notamment, Xtra-Gold est autonome depuis 15 ans, n'ayant pas eu besoin de financements importants en capital depuis son inscription à la TSX en 2010, et a assuré le financement des programmes de forage jusqu'en 2027.
Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) hat die geprüften Finanzergebnisse für das zum 31. Dezember 2024 endende Jahr veröffentlicht. Das Unternehmen meldete Gesamtvermögen in Höhe von 14,2 Millionen US-Dollar, hauptsächlich bestehend aus Bargeld, liquiden Wertpapieren und Goldbeständen. Wichtige finanzielle Höhepunkte sind keine Schulden, ein Gesamteinkommen von 4,39 Millionen US-Dollar und ein Nettogewinn nach Steuern von 1,68 Millionen US-Dollar. CEO James Longshore betonte, dass trotz eines aggressiven Bohrprogramms mit drei Bohranlagen im gesamten Jahr das Unternehmen eine starke finanzielle Leistung aufrechterhalten konnte. Bemerkenswert ist, dass Xtra-Gold seit 15 Jahren selbsttragend ist, seit der TSX-Notierung im Jahr 2010 keine wesentlichen Eigenkapitalfinanzierungen benötigt hat und die Finanzierung für Bohrprogramme bis 2027 gesichert hat.
Positive
Strong financial position with US$14.2 million in total assets
Zero debt on balance sheet
Healthy profitability with US$1.68 million in net income
Self-funded operations with no major equity financings needed since 2010
Secured funding for drill programs through 2027 without requiring capital raises
Negative
None.
Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to provide the following summary of the year-end audited Financials ending December 31, 2024:
-Total Assets of US$14,224,051 comprised mainly of cash, liquid securities, and gold inventory ("Liquid Assets");
- Zero Debt;
-Total Income for the year of US$4,391,851; and
-Net Income (after tax) of US$1,675,412.
The full details of the audited Financials with MD&A can be viewed on the Company's website at www.xtragold.com.
James Longshore, CEO/Co-Founder states: "Even after the Company completed an aggressive drill program operating three drill rigs for the entire year, we accumulated a total income (the "income") of US$4,166,704. This additional income has strengthened the "balance sheet" significantly. Our drill programs are fully funded for 2025, 2026 and 2027, with no capital raises required. Since our public offering on the Toronto Stock Exchange in November 2010, the Company has had no major equity financings and we have generated all of our capital internally for the last fifteen (15) years."
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.
What are Xtra-Gold Resources (XTGRF) key financial results for 2024?
For 2024, Xtra-Gold reported total assets of US$14.2 million, total income of US$4.39 million, and net income after tax of US$1.68 million, with zero debt.
How is Xtra-Gold (XTGRF) funding its drilling operations?
Xtra-Gold is self-funding its operations through internally generated capital, with drill programs funded through 2027 without requiring capital raises.
When was the last time XTGRF raised capital through equity financing?
Xtra-Gold has not conducted any major equity financings since its Toronto Stock Exchange listing in November 2010, operating on internally generated capital for 15 years.
What is Xtra-Gold's (XTGRF) current debt position?
Xtra-Gold maintains zero debt on its balance sheet as of December 31, 2024.
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