Mr. James Longshore reports
XTRA-GOLD REPORTS Q3 2025 FINANCIAL RESULTS AND CEO UPDATE
Xtra-Gold Resources Corp. has provided a summary of its unaudited financial results for the three-month period ended Sept. 30, 2025:
- Total assets: $19,332,270 (U.S.), consisted primarily of cash, marketable securities and gold inventory (liquid assets);
- Zero debt;
- Total income from other items (Q3 (third quarter) 2025): $3,259,554 (U.S.);
- Net income after tax (Q3 2025): $2,269,119 (U.S.).
The full quarterly financial statements and management discussion and analysis (MD&A) are available on the company's website.
Chief executive officer 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 $7,111,606 (U.S.), driven largely by sales of 3,391 ounces of fine gold from our gold recovery operations at an average price of $3,168 (U.S.) 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 $10 (U.S.) 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 is a gold exploration company with a substantial land position totalling 226 square kilometres 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.
We seek Safe Harbor.
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