Business
Xtra-Gold Resources Reports Q1 2026 Financial Results and CEO Update
Toronto, Ontario--(Newsfile Corp. - May 6, 2026) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to provide a su
About this update from Xtra-gold Resources Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 6, 2026) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (\"Xtra-Gold\" or the \"Company\") is pleased to provide a summary of its unaudited financial results for the three-month period ended March 31, 2026: Total Assets: US$19,830,957, comprised primarily of cash, marketable securities, and gold inventory (\"Liquid Assets\"); Zero Debt; Total Income from Other Items (Q1 2026): US$1,994,928; and Net Income after tax (Q1 2026): US$1,211,508. The full Quarterly Financial Statements and Management Discussion & Analysis (\"MD&A\") are available on the Company's website at www.xtragold.com. CEO Commentary James Longshore, CEO and Co-Founder, stated: \"Our Company has distinguished itself as a unique exploration opportunity, having generated all the internal cash flow needed to fund our aggressive drilling programs since our initial public offering in November 2010. To date, within the resource footprint area, the Company has drilled 705 holes totaling 134,000 meters. Our shareholders have experienced no dilution from financings over the past 15 years. The Kibi Gold Project is one of the newest gold discoveries in Ghana, exhibiting multi-million-ounce potential.\" About Xtra-Gold Resources Corp. Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position totaling 226 square kilometers in the Kibi Gold Belt of Ghana, West Africa. The Kibi Gold Belt is geologically similar and in close proximity to the world-renowned Ashanti Gold Belt, which hosts an estimated 130 million ounces of gold resources. With an established land position, strong financial footing, and experienced technical team, Xtra-Gold is strategically positioned 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 futu...