Gold Reserve Inc. has a history in mining dating back to and was formed for the purpose of acquiring, exploring, and developing mining properties and placing them into production. The Company is incorporated under the laws of the Province of Alberta, Canada and is listed on the TSX Venture Exchange and the OTCQB Markets Exchange. In , the Company acquired and began developing what is now known as the Brisas gold and copper project, located in the historic Km mining district of the State of Bolivar in southeastern Venezuela the Brisas Project . The Brisas deposit, which is one of the largest undeveloped gold/copper deposits in the world, contains ore reserves of . million ounces of gold and . billion pounds of copper. From to , the Company invested close to US million in acquisition, land exploration, development, equipment, and engineering costs, which the Company believed developed the Brisas Project into a world class mining project. In April , after the Company successfully developed the Brisas Project to the point of construction, the Bolivarian Republic of Venezuela arbitrarily revoked the previous authorization to proceed with construction of the Brisas Project, eliminating the Company s ability to exploit the Brisas Project. As a result of this and other acts by or on behalf of Venezuela, on October , the Company filed a Request for Arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes ICSID of the World Bank, in Washington D.C., against the Bolivarian Republic of Venezuela seeking compensation for the losses caused to the Company by what the Company believes are Venezuela s violations of the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments Canada Venezuela Treaty in regard to the Company and its investments in Venezuela. On September , the three member Tribunal at the World Bank s International Centre for Settlement of Investment Disputes awarded the Company . million in accordance with the provisions of the Canada Venezuela bilateral Investment Treaty. The Award represents million for the fair market value of the Brisas Project, . million for interest on the Award since April based on the US Treasury Bill rate compounded annually and million for reimbursement of legal and technical costs expended by the Company. Payment of the Award is due and payable immediately with any unpaid amounts accruing interest at Libor plus per annum. The Company remains firmly committed to the enforcement and collection of the Award including accrued interest in full and will vigorously pursue all available remedies accordingly. For more information see the Company s website at www.goldreserveinc.com
Quote | Gold Reserve Inc A (OTCMKTS:GDRZF)
Last: | $3.05 |
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Change Percent: | 4.45% |
Open: | $2.96 |
Close: | $2.92 |
High: | $3.08 |
Low: | $2.95 |
Volume: | 134,035 |
Last Trade Date Time: | 04/25/2024 03:00:00 am |
News | Gold Reserve Inc A (OTCMKTS:GDRZF)
2024-04-22 09:53:01 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold Reserve (OTCMKTS: GDRZF ) just reported results for the fourth quarter of 2023. Gold Reserve reported earnings per share of -2 cents. The company did not report a...
2024-04-20 22:27:23 ET Summary Gold Reserve's shares have increased by 120% in the past year on optimism about collecting $913 million it is owed by Venezuela. Funds are expected to come from a court-ordered sale of CITGO. It is likely that there will be little if any money left a...
Message Board Posts | Gold Reserve Inc A (OTCMKTS:GDRZF)
Subject | By | Source | When |
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whytestocks: $GDRZF News Article - Gold Reserve Granted Conditional Writ of Attachment From U.S. Del | whytestocks | investorshangout | 04/04/2023 3:30:46 PM |
Gold Reserve Provides Update on Return of Capital | Enterprising Investor | investorshub | 06/24/2019 12:26:23 PM |
Gold Reserve Announces Completion of Return of Capital | Enterprising Investor | investorshub | 06/15/2019 8:59:18 AM |
Gold Reserve Obtains Shareholder Approval and Final Order | Enterprising Investor | investorshub | 06/14/2019 5:26:15 PM |
Gold Reserve Provides Update on Previously Announced Return | Enterprising Investor | investorshub | 04/18/2019 7:07:23 PM |
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Gold Reserve Inc A Company Name:
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NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), today announced the 2024 OTCQX ® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international co...
Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) ( Gold Reserve or the Company ) is pleased to announce that in separate decisions: (i) the U.S. Supreme Court has denied the request by the Bolivarian Republic of Venezuela ( Venezuela ) and Petroleos de Venezuela, S.A. ( PDVSA ) for per...