Xtra-Gold earns $2.26-million (U.S.) in Q3

Executive Summary

• Xtra-Gold Resources Corp. reported unaudited financial results for the third quarter ended September 30, 2025, posting a net income of $2,269,119 USD.
• The company reported total assets of $19,332,270 USD with zero debt, consisting primarily of cash, marketable securities, and gold inventory.
• CEO James Longshore highlighted strong performance in the first nine months of 2025, driven by gold sales and aggressive exploration funded by current operations.

Key Details

• Q3 2025 Financials:
  • Total Assets: $19,332,270 USD (primarily cash, marketable securities, and gold inventory).
  • Debt: Zero.
  • Total Income from Other Items: $3,259,554 USD.
  • Net Income After Tax: $2,269,119 USD.
• Nine-Month 2025 Performance (Jan-Sept):
  • Total Income from Other Items: $7,111,606 USD.
  • Gold Sales Volume: 3,391 ounces of fine gold sold from gold recovery operations.
  • Average Sale Price: $3,168 USD per ounce.
• Operational Updates:
  • Exploration activities are fully funded and expensed.
  • Operation of three company-owned diamond drill rigs.
  • Multiple new potential gold shoots discovered near existing resources.
  • Estimated discovery cost: Approximately $10 USD per ounce of gold in the ground.
• Company Profile:
  • Land position: 226 square kilometres in the Kibi gold belt of Ghana, West Africa.
  • Geological context: Kibi belt is similar and in close proximity to the Ashanti gold belt (estimated 130 million ounces of gold resources).

Notable Quotes

• "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." — James Longshore, CEO and co-founder
• "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." — James Longshore, CEO and co-founder