XTRA-GOLD RESOURCES BVI - XTGRF STOCK NEWS

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.

Xtra-Gold Resources Corp. (TSX: XTG; OTCQB: XTGRF) announced the voting results of its Annual General Meeting held on June 14, 2024. A total of 26,626,228 common shares, representing 57.763% of the company's issued and outstanding shares, were voted. Key resolutions approved include the appointment of Reliant CPA PC as auditors and the election of six directors with nearly unanimous support. Additionally, shareholders voted 97.747% in favor of amending the stock option plan to extend the exercise price period following a participant's death from 1 year to 3 years.

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.

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.

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.

Xtra-Gold Resources Corp. (TSX:XTG, OTCQB:XTGRF) will present at the LD 500 Virtual Conference on September 3, 2020, at 9:00 AM PST. The conference runs from September 1-4, offering virtual one-on-one meetings with investors. CEO James Longshore will discuss operations in the Kibi Gold Belt, Ghana, highlighting ongoing expansion drilling with two diamond drill rigs. Notably, total assets surged to US$8,877,398 as of June 30, 2020, with zero debt and a net income of US$1,216,211 (USD 0.03 per share).