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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
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 activities include the review of existing geological data, grid establishment and soil geochemical sampling, geological mapping, geophysical surveying, trenching, and pitting to test gold-in-soil anomalies. 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 Company has five concessions: Kwabeng, Pameng, Apapam, Muoso, and Banso. It holds five mining leases totaling approximately 226 sq kms (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 three months ended 31 March 2024, Xtra Gold Resources Corp revenues was not reported. Net income decreased 8% to $511K. Net income was partially offset by Recovery of gold decrease of 16% to $1.1M (income), General and administrative increase of 66% to $172K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at $0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $45.77M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$1.80M as of Mar 31, 2024
Net annual income (TTM): -$0.28M as of Mar 31, 2024
Free cash flow (TTM): $2.10M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 46,118,917 as of May 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization