Gold Reserve (TSE:GRZ) has released an update.
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Gold Reserve Inc. reports a significant increase in total assets from $39.74 million on December 31, 2023, to $51.04 million by June 30, 2024, while shareholders’ equity rose from $28.58 million to $37.93 million. The company experienced a net loss of $4.16 million for the three months ending June 30, 2024, a considerable increase from the $1.4 million loss in the same period the previous year. This financial performance indicates a mixed situation with asset growth alongside increased losses.
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