Business
Xtra-Gold Reports Q1 2025 Financials and CEO Update
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (O...
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":"Xtra-Gold Reports Q1 2025 Financials and CEO UpdateToronto, 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$16,181,084 comprised mainly of cash, liquid securities, and gold inventory (\"Liquid Assets\");- Zero Debt;-Total Income for the quarter of US$2,107,256; and-Net Income (after tax) of US$1,405,656.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 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 StatementsThe 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\", \"wou...