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Gold Reserve grows cash pile but faces rising legal costs
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)
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- Aug 21, 2025 7:15am Posted byEntertainment284
