Gold Reserve Inc. (V:GRZ)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 999 W. Riverside Avenue, Suite 401 SPOKANE WA 99201 |
| Tel: | N/A |
| Website: | https://www.goldreserveinc.com |
| IR: | See website |
| Key People | ||
| James Hayward Coleman Chairman Emeritus, President | Robert A. Cohen Chairman of the Board | David P. Onzay Chief Financial Officer |
| Business Overview |
| Gold Reserve Inc. is engaged in the business of evaluating, acquiring, exploring and developing mining projects. The Company's exploration prospects include Siembra Minera and LMS Gold Project. Siembra Minera holds certain gold, copper, silver and other strategic mineral rights within Bolivar State granted to Siembra Minera, within approximately 18,950 hectares in an area located in the Km 88 gold mining district of southeast Bolivar State which includes the historical Brisas and Cristinas areas. The mineral rights held by Siembra Minera have a 20-year term with two 10-year extensions. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by the Company. LMS Gold Project is situated 20 kilometers (km) north of Delta Junction, and 150 km southeast of Fairbanks, Alaska, in the Goodpaster Mining District. |
| Financial Overview |
| For the nine months ended 30 September 2023, Gold Reserve Inc. revenues was not reported. Net loss increased from $5.5M to $20.9M. Higher net loss reflects Enforcement of Arbitral Award increase from $141K to $901K (expense), Exploration costs increase from $23K to $55K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.06 to -$0.21. |
| Employees: | 74 as of Mar 30, 2009 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $329.47M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9.27M as of Dec 31, 2023 |
| Net annual income (TTM): | -$32.86M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$10.04M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 99,547,710 as of Jan 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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