Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF)
(“Xtra-Gold” or the “Company”) is pleased to provide the following summary of Q1 2021 Financials:
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Total Assets increased from US$9,340,942 (Dec. 31, 2020) to
US$11,866,211 (March 31, 2021), comprised mainly of cash, liquid securities, and gold inventory (“cash”);
Zero Debt; and
Net Income of US$1,920,672 for the quarter.
The full details of the Q1 Financials with MD&A can be viewed on the Company’s web-site at www.xtragold.com.
James Longshore, Founder and CEO states: “The Company continues to demonstrate its ability to self-finance our drilling/work programs through the Community Mining Project. With this quarter net income of approximately $2 million, we have enough cash to internally finance our 2021 and 2022 work programs. We are aggressively expanding our resource, with the goal of getting the Kibi Gold Project recognized as a significant gold discovery.”