Xtra-Gold Resources Corp. (T:XTG)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Village Road Plaza, Suite 2150,, 59217 P.O Box AP NASSAU 00000 |
| Tel: | N/A |
| Website: | www.xtragold.com |
| IR: | See website |
| Key People | ||
| James Werth Longshore Chairman of the Board, President, Chief Executive Officer, Managing Director - Ghana Operations | Victor Nkansa Chief Financial Officer, Vice President - Ghana Operations | Yves Pierre Clement Vice President - Exploration | Peter C. Minuk Treasurer, Secretary, Director |
| Business Overview |
| Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Company's exploration activity is focused on the Kibi Gold Project comprising approximately 33.65 square kilometers (sq kms), which is located on the Apapam Concession along the eastern flank of the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration activities are focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. The Company has five concessions: Kwabeng, Pameng, Apapam, Muoso and Banso. It holds five mining leases totaling approximately 226 sq km (22,600 hectares) at the northern extremity of the Kibi Gold Belt. Its subsidiaries include Xtra-Gold Exploration Limited and Xtra-Gold Mining Limited. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Xtra Gold Resources Corp revenues was not reported. Net loss totaled $166K vs. income of $632K. Net loss reflects Impairment loss on trading securities increase from $0K to $1.3M (expense), Net gain (loss) on trading securities decrease from $361K (income) to $58K (expense), Recovery of gold decrease of 5% to $3.5M (income). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $44.09M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.73M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.45M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 46,201,217 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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