Back to NAI500

Company Profile

Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) is focused on proving up a major gold resource on the Kibi Gold Belt in Ghana, West Africa.  Ghana just surpassed South Africa as the top gold producing country in Africa.  Ghana was formally known as the Gold Coast when it was a British Colony, and is politically one of the most stable countries in Africa (strong democracy and British Common Law legal system).  Xtra-Gold has one of the last unexplored gold belts left in Ghana, and has already made a significant gold discovery.  The Company’s properties are in close proximity to Newmont Mining Corporation Akyem Mine, with a resource of over 10 million ounces and producing 400,000 plus ounces per year.

Our Company’s goal is to grow our current resource to 2 million ounces.  Xtra-Gold exploration team has also identified several new potential gold shoots at surface, which could make our project the next “big” gold deposit in Ghana.  Our Company is truly unique for a gold exploration company for the following reasons:

1. creating “cashflow” to fund all exploration programs;

2. no major financing since our IPO in 2010, so shareholders have suffered no dilution;

3. we own our diamond drill rigs, significantly reducing our finding cost per ounce of gold compared to our peers; and the Company has been actively repurchasing shares on the issuer bid, reducing our share count.

Xtra-Gold is well positioned to give our shareholders significant returns when the next gold “bull market” resumes.

Corporate Speaker

James Longshore

Co-Founder and CEO

James Longshore (“Longshore”), B.A. Economics, Bowdoin College, Maine. Co-Founder and Chief Executive Officer of Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”) and Managing Director of Ghanaian subsidiaries, Xtra-Gold Mining Limited and Xtra-Gold Exploration Limited since 2009.  Longshore acquired and staked the majority of the Kibi Gold Belt in 2003, when gold was priced at approximately $275 per ounce and took the Company public in November 2010 on the Toronto Stock Exchange (“TSX”).  He oversees the mining project and exploration activities of Xtra-Gold, and has more than 25 years’ business investment experience in resource companies.

Agenda

Agenda