Gold Reserve Ltd (GRZ) Financings
TSXV: GRZ · Gold · Exploration stage
- Market cap$1.08B
- Share price$7.30
- 52-week range$1.45 – $7.60
- Shares outstanding148,068,153
- ExchangeTSXV
- Websitegoldreserve.bm
Gold Reserve is a primarily US-owned mineral exploration and development company focused on advancing high-quality mineral assets with the objective of creating sustainable long-term value for shareholders. The Company is listed on the TSX Venture Exchange (TSX-V: GRZ), the Bermuda Stock Exchange (BSX: GRZ.BH), and trades in the United States on the OTCQX (OTCQX: GDRZF).
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Gold Reserve Ltd financial statements
Key figures read from 40 of 40 financial statement filings, Nov 23, 2016 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2024 | Dec 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$68,927,227 | US$42,823,737 | US$42,823,737 | US$8,529,162 | US$15,380,489 |
| Short-term investments | US$7,403,956 | US$34,171,941 | US$34,171,941 | US$29,361,215 | US$27,499,188 |
| Total current assets | US$78,267,591 | US$78,677,874 | US$78,677,874 | US$39,355,757 | US$51,527,773 |
| Total current liabilities | US$18,753,813 | US$13,943,603 | US$13,943,603 | US$11,164,775 | US$1,351,341 |
| Working capital | US$59,513,778 | US$64,734,271 | US$64,734,271 | US$28,190,982 | US$50,176,432 |
| Property, plant and equipment | US$354,160 | US$364,925 | US$364,925 | US$384,390 | US$1,416,152 |
| Total assets | US$78,830,093 | US$79,042,799 | US$79,042,799 | US$39,740,147 | US$52,943,925 |
| Total liabilities | US$18,768,653 | US$13,943,603 | US$13,943,603 | US$11,164,775 | US$1,351,341 |
| Shareholders' equity | US$60,061,440 | US$65,099,196 | US$65,099,196 | US$28,575,372 | US$51,592,584 |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | US$64,739 | US$61,118 | US$64,201 | US$62,096 | US$118,259 |
| General and administrative | US$6,808,712 | US$8,106,919 | US$4,861,109 | US$5,149,650 | US$6,018,724 |
| Impairments and write-downs | — | US$0 | US$193,750 | US$622,969 | US$0 |
| Net income (loss) | (US$34,275,294) | (US$15,188,983) | (US$23,118,992) | (US$8,596,516) | (US$10,596,792) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$29,946,401) | (US$12,053,695) | (US$7,428,497) | (US$6,362,584) | (US$8,610,728) |
| Investing cash flow | US$27,364,835 | (US$3,495,127) | US$576,089 | (US$27,374,557) | US$313,008 |
| Financing cash flow | US$28,685,056 | US$49,843,397 | US$1,081 | — | — |
| Property, plant and equipment spending | (US$112,903) | US$0 | (US$775,000) | (US$2,004) | (US$317,770) |
| Proceeds from share issues | US$30,000,250 | US$51,000,003 | — | — | — |
| Change in cash | (US$18,266) | (US$31,753) | (US$169,451) | (US$47,724) | (US$66,748) |
| Cash at end of period | US$68,927,227 | US$42,823,737 | US$8,529,162 | US$15,380,489 | US$49,117,630 |
Gold Reserve Ltd financings
2 financings announced or closed by Gold Reserve Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-11 | Gold Reserve Ltd (GRZ) | Private placement, brokered | Closed, 1 tranche | US$75.0M | $3.00 | Gold Reserve Announces US$50 Million Common Share Financing with Strategic Investors |
| 2025-07-15 | Gold Reserve Ltd (GRZ) | Private placement, brokered | Closed, 1 tranche | US$30.0M | $3.10 | Gold Reserve Announces up to US$20.0 Million Brokered Private Placement of Common Shares |