Gold Reserve Ltd. (GRZ)
Summary
GRZ Chart
India's central bank likely sold $12 billion gold reserve in just two weeks to support the rupee – BE report
The Reserve Bank of India likely sold $12 billion of its gold reserves and bought $7.5 billion in foreign currency assets during the two weeks ending May 22, according to a new report from Abhishek Gupta, senior India economist at Bloomberg Economics (BE).The BE analysis, published Tuesday, drew on publicly available data to infer that India's central bank appears to have offloaded a substantial portion of its gold holdings to shield its foreign currency assets from the cascading fallout of the war in the Middle East.
‘I wonder if they left the gold in Fort Knox, because they steal a lot' – Trump speculates on U.S. gold reserve
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Bidder for Citgo parent Gold Reserve says happy with refiner's management
Executives of Toronto-listed Gold Reserve said on Thursday the mining company is pleased with the performance of Venezuela-owned Citgo Petroleum's management, a sign that top company executives might remain if a bid by a Gold Reserve subsidiary for the refiner's parent is approved by a U.S. federal judge.
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Gold Reserve Ltd. Profile
| Metals & Mining Industry | Materials Sector | Paul C. Rivett CEO | NEO-L Exchange | BMG4R86G1074 ISIN |
| US Country | 5 Employees | 24 Jun 2019 Last Dividend | 4 Apr 1984 Last Split | - IPO Date |
Overview
Gold Reserve Inc. stands out as an exploration stage company with a primary focus on the evaluation, acquisition, exploration, and development of mining projects. This company, founded in 1956 and currently based in Spokane, Washington, has a rich history of seeking out and developing valuable mining interests. Its activities span from the intense evaluation stages of potential mining opportunities to the hands-on exploration and development of mining projects. Gold Reserve Inc. has carved a niche for itself within the mining industry by targeting projects that have significant potential for valuable mineral deposits.
Products and Services
Siembra Minera Project: This project is a cornerstone of Gold Reserve Inc.'s portfolio, encompassing an extensive area of approximately 18,950 hectares in Bolivar, Venezuela. The Siembra Minera project is known for its rich deposits of gold, copper, silver, and other strategic minerals. The focus on this project underlines the company's commitment to exploring and developing sites with a diverse range of valuable resources, positioning itself to meet various market demands.
LMS Gold Project: Located in Alaska, the United States, the LMS Gold project represents Gold Reserve Inc.'s interest in diversifying its exploration and development initiatives beyond its mainstay Venezuelan projects. This project underscores the company's efforts to tap into the lucrative North American mining sector, with a particular focus on gold exploration. The LMS Gold project reflects Gold Reserve Inc.’s strategic approach to expanding its portfolio and leveraging opportunities in different geographical locations.
