Northwire Canada EditionWednesday, September 2, 2026
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GOLD 4423.00 +0.6% SILVER 65.73 +0.6% COPPER 6.60 +0.0% OIL 90.73 +0.6% PALLADIUM 1366.50 +2.7% WVM 1.95 +0.0% GGX 0.040 +0.0% NED 0.025 +0.0% SRA 0.780 +0.0% SPMC 0.900 −1.1% STRM 0.500 +3.1% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.050 +0.0% VOXR 7.68 +3.5% CGM 0.205 +7.9% VCG 1.49 +3.5% SLR 0.760 −29.0% AEF 0.140 +3.7% GTC 1.03 +9.6% PEMC 0.065 +0.0% GOLD 4423.00 +0.6% SILVER 65.73 +0.6% COPPER 6.60 +0.0% OIL 90.73 +0.6% PALLADIUM 1366.50 +2.7% WVM 1.95 +0.0% GGX 0.040 +0.0% NED 0.025 +0.0% SRA 0.780 +0.0% SPMC 0.900 −1.1% STRM 0.500 +3.1% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.050 +0.0% VOXR 7.68 +3.5% CGM 0.205 +7.9% VCG 1.49 +3.5% SLR 0.760 −29.0% AEF 0.140 +3.7% GTC 1.03 +9.6% PEMC 0.065 +0.0%
Earnings

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

By The Northwire Desk — AI Analysis Oct 28, 2025 · 19:45 XTG · 3.27 Xtra-Gold Resources Corp.
XTG · Price

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
Read the original news release →

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Aug 12, 2026 · 09:11

Xtra-Gold reports $20.6m in assets, zero debt and $2.4m h1 net income for the second quarter.

Earnings May 06, 2026 · 09:01

Xtra-Gold Confirms Self-Funding Model with Q1 Profitability and Zero Debt

Earnings Apr 01, 2026 · 20:06

Xtra-Gold Resources earns $3.68-million (U.S.) in 2025

Earnings Apr 01, 2026 · 09:01

Debt-free balance sheet supports aggressive Kibi drilling; new private placement funds working capital needs

Earnings Nov 18, 2025 · 09:02

None

Drill Results Oct 28, 2025 · 09:01

None

Earnings