Quarterly ResultMay 6, 2026, 09:17 AM
Xtra-Gold Q1 Net Income $1.21M, EPS $0.03; Cash $12.0M
AI Summary
Xtra-Gold Resources Corp. reported a net income of $1.21 million for the first quarter of 2026, a decrease from $1.41 million in Q1 2025, with basic and diluted EPS at $0.03. The company's cash on hand increased to $12.0 million from $10.5 million at year-end 2025. During the quarter, Xtra-Gold produced 629 ounces of raw gold and sold 928 fine ounces at an average price of $4,380 per ounce. The company also completed 15 diamond core drill holes totaling 2,707 meters on the Kibi Gold Project and appointed Todd Gibson as the new Audit Chair.
Key Highlights
- Net income attributable to Xtra-Gold was $1.21 million in Q1 2026, down from $1.41 million in Q1 2025.
- Basic and diluted earnings per share were $0.03 for the quarter.
- Cash on hand increased to $12.0 million at March 31, 2026, from $10.5 million at Dec 31, 2025.
- Produced 629 ounces of raw gold and sold 928 fine ounces at $4,380/ounce in Q1 2026.
- Total current assets rose to $18.18 million from $16.88 million at December 31, 2025.
- General and administrative expenses increased to $280,101 from $158,051 year-over-year.
- Completed 15 diamond core drill holes totaling 2,707 meters on the Kibi Gold Project.
- Todd Gibson was appointed as the new Audit Chair on January 6, 2026.