Gold Reserve Ltd, the Canadian mining company now based in Bermuda, has boosted its cash reserves but continues to burn money on legal battles and Venezuela-related claims. The company reported cash and cash equivalents of $51.9 million at June 30, up from $42.8 million at the end of 2024. Including term deposits and marketable securities, financial resources totalled $68.7 million, most of which are held in banks in the United States and Bermuda. But the company emphasised that it has no revenue-producing operations and remains dependent on collecting funds from Venezuela under a settlement agreement or arbitration ... (full story)