Xtra-Gold Reports Year-End 2024 Audited Financials and CEO Update
Xtra-Gold Reports Year-End 2024 Audited
Financials and CEO Update
Toronto, Ontario--(Newsfile Corp. - May 21, 2025) -
Xtra-Gold Resources Corp. (TSX: XTG)
(OTCQB: XTGRF) ("Xtra-Gold" or the "Company")
is pleased to provide the following summary of
the year-end
audited Financials ending December 31, 2024:
-Total Assets of
US$14,224,051
comprised mainly of cash, liquid securities, and gold inventory ("Liquid
Assets");
-
Zero Debt
;
-Total Income for the year of
US$4,391,851
; and
-Net Income (after tax) of
US$1,675,412
.
The full details of the audited Financials with MD&A can be viewed on the Company's website at
www.xtragold.com
.
James Longshore, CEO/Co-Founder states: "Even after the Company completed an aggressive drill
program operating three drill rigs for the entire year, we accumulated a total income (the "income") of
US$4,166,704.
This additional income has strengthened the "balance sheet" significantly.
Our drill
programs are fully funded for 2025, 2026 and 2027, with no capital raises required.
Since our public
offering on the Toronto Stock Exchange in November 2010, the Company has had no major equity
financings and we have generated all of our capital internally for the last fifteen (15) years."
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 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/252726