Xtra-Gold Reports Q3 2026 Financial Results and CEO Update
Key Highlights
- ➤Q3 net income after tax reached US$1,616,422
- ➤Q3 total income from other items totaled US$2,231,967
- ➤Total assets were US$22,601,680 with zero debt
- ➤NCIB repurchased and cancelled 139,300 shares at US$1.84 average
- ➤NCIB repurchases reached 5,969,900 shares, or approximately 12.9% outstanding
Expert Statements
James Longshore, CEO and Co-Founder of Xtra-Gold Resources Corp.
“In response to the decline in the physical gold price this year, our company repurchased a total of 445,700 shares under its normal course issuer bid ("NCIB") during the first nine months of 2026. Since the commencement of the NCIB, the company has repurchased a total of 5,969,900 shares for cancellation, representing approximately 12.9% of the shares outstanding. We believe our shares are currently trading at a significant discount to the net asset value ("NAV") based on our gold resource, as detailed in the resource update released on October 13, 2026.”
Toronto, Ontario--(Newsfile Corp. - November 13, 2026) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to provide a summary of its unaudited financial results for the three-month period ending September 30, 2026: * Total Assets: US$22,601,680, comprised primarily of cash, marketable securities, and gold inventory ("Liquid Assets"); * Zero Debt; * Total Income from Other Items (Q3 2026): US$2,231,967; * Net Income after Tax (Q3 2026): US$1,616,422; and * Normal Course Issuer Bid Repurchased/Cancelled Shares (Q3 2026): 139,300 at average price of US$1.84. The full Quarterly Financial Statements and Management Discussion & Analysis ("MD&A") are available on the Company's website at www.xtragold.com.
"In response to the decline in the physical gold price this year, our company repurchased a total of 445,700 shares under its normal course issuer bid ("NCIB") during the first nine months of 2026. Since the commencement of the NCIB, the company has repurchased a total of 5,969,900 shares for cancellation, representing approximately 12.9% of the shares outstanding. We believe our shares are currently trading at a significant discount to the net asset value ("NAV") based on our gold resource, as detailed in the resource update released on October 13, 2026."
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