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Home CompaniesGold Reserve Inc

Gold Reserve Inc

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
5.6 CAD 0.23 ( 4.28%)
Last update at 2026-11-03T16:12:00Z
VOLUME
5503
Market Cap
856.78M

Momentum Score

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Gold Reserve Ltd. engages in acquiring, exploring, and developing mining projects. The company holds interest in the LMS Gold project located in Alaska, the United States. Gold Reserve Ltd. was founded in 1956 and is based in Pembroke, Bermuda.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
5.37
Low
5.60
High
52 Week Price Range
1.45
Low
7.60
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Gold Reserve Inc. (TSXV: GRZ) is a mineral company that holds gold‑copper project interests and arbitration claims tied to assets in Venezuela; public disclosures about current operations are limited. Drivers include potential recovery of legal claims, advancement of resource development if access is restored, and exploration upside that could support long‑term value, and investors may monitor legal and development outcomes.

Principal risks include geopolitical and legal enforcement uncertainty in Venezuela, difficulties collecting awards or restarting project operations, need for substantial financing and execution risk, and exposure to commodity price swings.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.37
Dividend Yield
-
Revenue TTM
3.48M
Revenue Per Share
0.03
Gross Profit TTM
3.48M
Debt / Equity
-
ROE
-54.77%
Net Debt
-8.53M
ROCE
-17.06%
Diluted EPS TTM
-0.40

Insight News

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -33.28M -14.28M -5.32M -8.60M -10.60M
Net income -34.28M -15.19M -23.12M -11.48M -11.82M
Selling general administrative 10.19M 11.92M 6.78M 7.07M 7.26M
Reconciled depreciation 0.13M 0.01M 0.06M 0.10M 0.11M
Ebit - - - -5.71M -7.81M
Ebitda - - - -5.60M -7.70M
Depreciation and amortization - - - 0.10M 0.11M
Operating income -10.25M -11.98M -6.84M -5.71M -7.81M
Other operating expenses - - - 7.36M 9.06M
Interest expense - - - 2.89M 0.00M
Tax provision 1.00M 0.91M 17.80M 0.00M -0.24M
Interest income 3.21M 2.92M 1.91M 0.58M 0.03M
Net interest income 3.21M 2.92M 1.91M 0.58M 0.03M
Income tax expense - - - 2.89M 1.22M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 10.25M 11.98M 6.84M 7.36M 9.06M
Total other income expense net -26.24M -5.21M -0.39M -2.89M -2.79M
Net income from continuing ops -34.28M -15.19M -23.12M -8.60M -10.60M
Net income applicable to common shares - - - - -10.60M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 78.83M 79.04M 39.74M 52.94M 60.64M
Other current assets 0.24M 0.26M 0.29M 0.46M 0.51M
Total liab 18.77M 13.94M 11.16M 1.35M 0.61M
Total stockholder equity 60.06M 65.10M 28.58M 51.59M 60.03M
Other current liab - - 10.45M 0.17M 0.06M
Common stock - - 302.68M - 302.68M
Capital stock 1.23M 1.13M 302.68M 302.68M 302.68M
Retained earnings -367.86M -333.58M -318.39M -295.27M -286.68M
Cash 68.93M 42.82M 8.53M 15.38M 49.12M
Total current liabilities 18.75M 13.94M 11.16M 1.35M 0.61M
Net debt - - -8.53M - -
Other stockholder equity - - 44.29M - 23.40M
Property plant equipment - - - - 2.23M
Total current assets 78.27M 78.68M 39.36M 51.53M 58.41M
Net tangible assets - - - 51.59M 60.03M
Short term investments 9.10M 35.60M 30.54M 27.60M 0.11M
Net receivables - - - - 8.68M
Accounts payable 6.97M 2.32M 0.71M 0.65M 0.47M
Non current assets total 0.56M 0.36M 0.38M 1.42M 2.23M
Capital lease obligations 0.18M - - 0.00M 0.08M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 27.47M -3.50M 0.58M -27.38M -27.38M
Change to liabilities - - - 0.17M -0.10M
Total cashflows from investing activities - - - - 0.31M
Net borrowings -0.06M - - - -
Total cash from financing activities 28.69M 49.84M 0.00M 0.00M -
Change to operating activities - - - - 0.07M
Net income -34.28M -15.19M -23.12M -8.60M -10.60M
Change in cash 26.10M 34.29M -6.85M -33.74M -8.30M
Begin period cash flow 42.82M 8.53M 15.38M 49.12M 57.42M
End period cash flow 68.93M 42.82M 8.53M 15.38M 49.12M
Total cash from operating activities -29.95M -12.05M -7.43M -6.36M -8.61M
Issuance of capital stock 30.00M 51.00M 0.00M - -
Depreciation 0.13M 0.01M 0.06M 0.10M 0.11M
Dividends paid 0.00M 0.00M 0.00M - -
Other cashflows from financing activities - - 0.58M -27.37M 0.31M
Change to netincome - - - - 1.91M
Capital expenditures 0.11M 0.00M 0.00M 0.00M 0.00M
Change in working capital 4.66M 2.81M 9.98M 1.45M -0.03M
Stock based compensation 0.49M 1.87M 0.10M 0.16M 1.99M
Other non cash items -0.68M -1.32M -2.55M 0.52M -0.08M
Free cash flow -30.05M -12.05M -7.43M -6.36M -8.61M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
GRZ
Gold Reserve Inc		 0.23
4.28%		 5.60 - 11.64 246.03 10.46 0.62 -10.79
OMG
Omai Gold Mines Corp		 -0.07
4.22%		 1.48 - - - 62.63 - -4.09
ASE
Asante Gold Corporation		 -0.03
4.76%		 0.60 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.		 -0.03
3.37%		 0.86 3.41 2.77 2.87 1.88 1.80 2.44
MKO
Mako Mining Corp		 -0.31
2.97%		 10.14 18.47 2.34 6.21 4.73 4.31 10.00

Profile*

Gold Reserve Inc

Gold Reserve Ltd. engages in acquiring, exploring, and developing mining projects. The company holds interest in the LMS Gold project located in Alaska, the United States. Gold Reserve Ltd. was founded in 1956 and is based in Pembroke, Bermuda.

Rosebank Centre, Pembroke, Bermuda, HM 08

441-295-4653

https://goldreserve.bm

3

Name Title Year Born
Mr. James Hayward Coleman BBA, LLB, Q.C. Exec. Chairman 1951
Mr. Rockne J. Timm CEO & Director 1946
Mr. A. Douglas Belanger Pres 1953
Mr. David P. Onzay Chief Financial Officer NA
Mr. James Hayward Coleman BBA, LLB, Q.C. President & Chairman Emeritus 1951
Mr. Paul Rivett CEO & Executive Vice-Chairman NA
Mr. Paul C. Rivett CEO & Executive Vice-Chairman NA
Sai Ahmed Chief Operating Officer NA
Mackenzie Clark Chief Legal Officer NA
Mr. Paul C. Rivett CEO & Executive Vice-Chairman 1968

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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