Xtra-Gold Reports Q1 2025 Financials and CEO Update
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 (TSX: XTG) (OTCQB: XTGRF) ha pubblicato i risultati finanziari non revisionati del primo trimestre 2025, riportando un totale di attivit脿 pari a 16,18 milioni di dollari, costituito principalmente da liquidit脿, titoli liquidi e inventario d'oro. La societ脿 ha registrato un reddito totale di 2,11 milioni di dollari e un utile netto dopo le tasse di 1,41 milioni di dollari nel trimestre.
L'azienda mantiene una solida posizione finanziaria con un debito pari a zero e sta attivamente perseguendo l'espansione delle risorse attraverso un programma di perforazioni aggressive con tre trapani diamantati. Il CEO James Longshore ha sottolineato che la societ脿 ha gi脿 effettuato una significativa scoperta d'oro ed 猫 completamente finanziata per eseguire il proprio piano aziendale senza necessit脿 di raccolte di capitale diluitive sul mercato pubblico.
Xtra-Gold Resources (TSX: XTG) (OTCQB: XTGRF) ha publicado sus resultados financieros no auditados del primer trimestre de 2025, reportando activos totales por 16,18 millones de d贸lares, principalmente en efectivo, valores l铆quidos e inventario de oro. La compa帽铆a logr贸 un ingreso total de 2,11 millones de d贸lares y un ingreso neto despu茅s de impuestos de 1,41 millones de d贸lares durante el trimestre.
La empresa mantiene una s贸lida posici贸n financiera con cero deuda y est谩 activamente buscando expandir sus recursos mediante un programa agresivo de perforaci贸n con tres equipos de perforaci贸n diamantina. El CEO James Longshore destac贸 que la compa帽铆a ya realiz贸 un importante descubrimiento de oro y est谩 completamente financiada para ejecutar su plan de negocios sin necesidad de recurrir a emisiones de acciones dilutivas en el mercado p煤blico.
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Xtra-Gold Resources (TSX : XTG) (OTCQB : XTGRF) a publi茅 ses r茅sultats financiers non audit茅s du premier trimestre 2025, affichant un total d'actifs de 16,18 millions de dollars, principalement compos茅 de liquidit茅s, de titres liquides et d'inventaire d'or. La soci茅t茅 a r茅alis茅 un revenu total de 2,11 millions de dollars et un b茅n茅fice net apr猫s imp么ts de 1,41 million de dollars pour le trimestre.
L'entreprise maintient une solide position financi猫re avec z茅ro dette et poursuit activement l'expansion de ses ressources gr芒ce 脿 un programme de forage agressif utilisant trois foreuses diamant茅es. Le PDG James Longshore a soulign茅 que la soci茅t茅 a d茅j脿 fait une d茅couverte d'or significative et est enti猫rement financ茅e pour ex茅cuter son plan d'affaires sans avoir besoin de lev茅es de fonds dilutives sur les march茅s publics.
Xtra-Gold Resources (TSX: XTG) (OTCQB: XTGRF) hat die ungepr眉ften Finanzergebnisse f眉r das erste Quartal 2025 ver枚ffentlicht und meldet Gesamtverm枚gen von 16,18 Millionen US-Dollar, haupts盲chlich bestehend aus Bargeld, liquiden Wertpapieren und Goldbest盲nden. Das Unternehmen erzielte im Quartal einen Gesamtertrag von 2,11 Millionen US-Dollar und einen Nettogewinn nach Steuern von 1,41 Millionen US-Dollar.
Das Unternehmen verf眉gt 眉ber eine starke Finanzlage mit keinen Schulden und verfolgt aktiv die Ressourcenerweiterung durch ein aggressives Bohrprogramm mit drei Diamantbohrger盲ten. CEO James Longshore betonte, dass das Unternehmen bereits eine bedeutende Goldentdeckung gemacht hat und vollst盲ndig finanziert ist, um seinen Gesch盲ftsplan ohne verw盲ssernde Kapitalerh枚hungen am 枚ffentlichen Markt umzusetzen.
- None.
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Toronto, Ontario--(Newsfile Corp. - May 13, 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 March 31, 2025:
-Total Assets of US
- Zero Debt;
-Total Income for the quarter of US
-Net Income (after tax) of US
The full details of the Quarterly Financials with MD&A can be viewed on the Company's website at .
James Longshore, CEO/Co-Founder states: "Our Company has already made a significant gold discovery. Our exploration team is currently aggressively drilling with our three diamond drill rigs, with the goal of significantly expanding our resource. We are fully funded to execute our business plan, and do not require any equity raises from the public markets which would dilute our shareholders."
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: [email protected]
Website:
To view the source version of this press release, please visit
FAQ
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