Xtra-Gold Reports Q3 2025 Financial Results and CEO Update
Xtra-Gold Reports Q3 2025 Financial Results
and CEO Update
Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - 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
September 30, 2025
:
Total Assets:
US$19,332,270, comprised primarily of cash, marketable securities, and gold
inventory ("
Liquid Assets
");
Zero Debt
;
Total Income from Other Items (Q3 2025):
US$3,259,554; and
Net Income after tax (Q3 2025):
US$2,269,119.
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:
"Xtra-Gold has significantly strengthened its balance sheet, benefiting from the increase in gold prices.
For the first nine months of 2025, the Company generated Total Income for Other Items of
US$7,111,606
, driven largely by sales of 3,391 ounces of fine gold from our gold recovery operations at
an average price of US$3,168 per ounce. All exploration activities have been fully funded and expensed,
including the operation of three company-owned diamond drill rigs. Our exploration team continues to
aggressively expand our resource "footprint", with multiple new potential gold 'shoots' discovered near
our existing resource. With our current discovery cost estimated at
approximately US$10 per ounce
of gold in the ground
, Xtra-Gold ranks among the lowest-cost operators in the exploration sector."
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 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:
Website:
www.xtragold.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/272215