Welcome to our dedicated page for Xtra Gold Res news (Ticker: XTGRF), a resource for investors and traders seeking the latest updates and insights on Xtra Gold Res stock.
Xtra-Gold Resources Corp. (XTGRF, XTG) generates a steady flow of news centered on its gold exploration activities in the Kibi Gold Belt of Ghana and its corporate developments as a dual-listed mining issuer. This news page aggregates company announcements, financial updates, and operational milestones so readers can track how Xtra-Gold advances its Kibi Gold Project and manages its business.
News releases frequently cover financial results, where Xtra-Gold summarizes quarterly and annual performance, highlights its liquid assets, and reiterates its zero-debt position. These updates often describe how income from gold recovery and alluvial gold operations supports exploration spending, including multi-rig drilling campaigns on the Kibi Gold Project.
Operational news focuses on exploration progress, such as the identification of new gold shoots, expansion of the mineral resource "footprint," and the acquisition or operation of company-owned diamond drill rigs. The company has highlighted the addition of a fourth crawler-mounted drill rig to accelerate drilling at Kibi and has discussed high-priority targets and resource expansion areas like the Orange No. 5 target.
Investors will also find corporate and governance updates, including the results of annual general meetings, director elections, auditor appointments, and board changes. Human-interest items, such as the announcement of the passing of a long-serving director, provide additional context on the company’s leadership and history.
By following this page, readers can monitor how Xtra-Gold’s exploration strategy, financial position, and share repurchase activities evolve over time, using official company disclosures as a primary information source.
Xtra-Gold Resources (OTCQB: XTGRF) reported audited year-end 2025 results showing stronger liquidity and profitability. Total assets rose to US$18,475,491 from US$14,224,051. Income before tax increased to US$4,167,702 and net income to US$3,683,433. The company reports zero debt and ongoing drilling at the Kibi Gold Project.
Management said cash, liquid securities and gold inventory comprise the asset base and noted revenue-generating gold recovery operations that covered operating costs during 2025.
Xtra-Gold (OTCQB: XTGRF) announced a renewed 2026 normal course issuer bid to buy up to 4,000,000 common shares (about 10% of the public float). The 2026 Bid runs from March 18, 2026 to March 17, 2027, purchases on the TSX, shares to be cancelled.
Under the 2025 Bid the company repurchased 365,600 shares at an average price of $3.06 as of March 4, 2026. Haywood Securities will act as broker.
Xtra-Gold Resources (OTCQB: XTGRF) announced on November 10, 2025 the passing of director James Schweitzer. The company said Schweitzer served on the board since 2011, was an early investor, and acted as a trusted advisor, mentor and friend.
CEO James Longshore expressed condolences and noted Schweitzer's long-standing support for the company's mission. The company extended heartfelt condolences to Schweitzer's family, friends and colleagues and provided contact details for further information.
Xtra-Gold Resources (OTCQB: XTGRF) reported unaudited results for Q3 2025 and a CEO update dated October 28, 2025. Key figures: Total assets US$19,332,270, Zero debt, Q3 Total Income from Other Items US$3,259,554, and Q3 Net Income after tax US$2,269,119. For the first nine months of 2025 the company recorded Total Income from Other Items US$7,111,606, driven by sales of 3,391 ounces of fine gold at an average price of US$3,168/oz. CEO James Longshore said exploration activities were fully funded and expensed, with three company-owned diamond drill rigs operating and multiple new potential gold shoots discovered. The company estimates a discovery cost of ~US$10 per ounce of gold in the ground.
Xtra-Gold Resources (OTCQB: XTGRF) has acquired its fourth diamond drill rig, a CS1000/P4 crawler-mounted unit, to accelerate exploration at its Kibi Gold Project. The company stands out by operating its own drill rig fleet instead of using third-party contractors, resulting in an 80% reduction in finding cost per gold ounce.
The company's drilling costs are under US$50 per meter, compared to Ghana's average contracted rate of US$250 per meter. Having drilled over 100,000 meters at Kibi Gold Project, this strategy has saved approximately US$20 million. The new rig will support resource expansion at the Orange No. 5 target, potentially extending the project's footprint to over 5 kilometers.
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.
Xtra-Gold Resources (OTCQB: XTGRF) held its Annual General Meeting (AGM) on July 31, 2025, with 57.411% of shareholders participating, representing 26,336,670 common shares. The meeting resulted in the appointment of LJ Soldinger Associates, LLC as auditors and the election of six directors to the board.
All director nominees received overwhelming support with approval rates exceeding 99.98%. The elected board members include Peter Minuk, James Schweitzer, James Longshore, Denis Laviolette, Hans Morsches, and Todd Gibson.
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 Corp (TSX: XTG) (OTCQB: XTGRF) has announced the renewal of its normal course issuer bid program for 2025, approved by the Toronto Stock Exchange. The company plans to repurchase up to 4,000,000 common shares, representing approximately 10% of its public float of 40,885,362 shares.
The 2025 Bid will run from March 18, 2025, to March 17, 2026, with a daily purchase limit of 2,864 shares. The company has engaged Haywood Securities Inc. as the broker for conducting the bid. All purchases will be made through the TSX at market prices, and purchased shares will be cancelled.
Regarding the previous 2024 Bid results, Xtra-Gold has purchased 165,700 common shares at an average price of $1.61 per share. As of March 6, 2025, the company has 45,944,217 common shares issued and outstanding.