Gold Reserve（GRZ）株式概要探鉱段階にあるゴールド・リザーブ社は、鉱物資源の評価、買収、探鉱、開発に従事している。 詳細GRZ ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性6/6配当金0/6リスク分析過去1年間で株主の希薄化は大幅に進んだ 収益が 100 万ドル未満 ( $0 )今後3年間の収益は年平均18.6%減少すると予測されている。 現在は利益が出ておらず、今後3年間で利益が出る見込みはない すべてのリスクチェックを見るGRZ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCA$Current PriceCA$6.50該当なし内在価値ディスカウントEst. Revenue$PastFuture-36m95m2016201920222025202620282031Revenue US$1.0Earnings US$0.1AdvancedSet Fair ValueView all narrativesGold Reserve Ltd. 競合他社Asante GoldSymbol: TSXV:ASEMarket cap: CA$947.4mMako MiningSymbol: TSXV:MKOMarket cap: CA$985.1mGold X2 MiningSymbol: TSXV:AUXXMarket cap: CA$845.3mInternational Tower Hill MinesSymbol: TSX:ITHMarket cap: CA$884.3m価格と性能株価の高値、安値、推移の概要Gold Reserve過去の株価現在の株価US$6.5052週高値US$7.6052週安値US$1.45ベータ0.411ヶ月の変化12.07%3ヶ月変化26.21%1年変化242.11%3年間の変化280.12%5年間の変化284.62%IPOからの変化-26.76%最新ニュースNew Risk • Mar 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.お知らせ • Feb 28Gold Reserve Ltd. announced that it has received $74.999997 million in funding from Thermo Companies and other investors.On February 27, 2026, Gold Reserve Ltd closed the transaction. Management elected not to pursue the over-allotment option. Transaction involves participation of Thermo Companies and other investors. In connection with the Financing, company will pay Cantor Fitzgerald Canada Corporation a cash commission totaling approximately $3,000,000.Common Shares sold to investors in Canada will be restricted from trading until June 27, 2026. Common Shares sold to investors outside of Canada were sold pursuant to OSC Rule 72-503 and subject to compliance with applicable securities laws, will be free from resale restrictions under applicable Canadian securities laws, The Financing also includes participation from three insiders of the Company that acquired a total of 5,749,999 Common Shares for gross proceeds of $17,249,997.お知らせ • Feb 11Gold Reserve Ltd. announced that it expects to receive $75 million in fundingGold Reserve Ltd. announced that it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement to issue 16,766,666 common shares at a price per Common Share of $3.00 for gross proceeds of $50,299,998 on February 11, 2026. The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about February 26, 2026 (the “Offering Closing Date”) and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the subsequent listing of the Common Shares to be issued in connection with the Offering remains subject to the approval of the BSX. As part of the Offering, the Company has secured participation from strategic investors on substantially the same terms as other investors in the Offering. On the same day, the company amended the terms of the transaction, the company will now issue 25,000,000 common shares at a price of $3 per share for aggregate gross proceeds of $75,000,000. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase at the Issue Price of up to an additional 25% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to approximately US$93,750,000 million in gross proceeds from the issuance of Common Shares. In connection with the offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.お知らせ • Jan 12Gold Reserve Ltd. Announces Executive Appointments, Effective January 8, 2026Gold Reserve Ltd. announced that effective January 8, 2026, Sai Ahmed has been appointed as Chief Operating Officer of the Company and Mackenzie Clark has been appointed as Chief Legal Officer of the Company.お知らせ • Nov 19Gold Reserve Ltd. Provides Update on Mandamus PetitionGold Reserve Ltd. announced that the Company's Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court of Appeals for the Third Circuit. The Third Circuit issued its order without a written opinion. The Company continues to evaluate all available appellate remedies and other avenues for relief.お知らせ • Nov 18Gold Reserve Ltd. Announces Board ChangesGold Reserve Ltd. announced that its Board of Directors has appointed Michael Johnston as the new Chair of the Board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of dedication to the Company. The appointment of Mr. Johnston was approved at the Company's regularly scheduled Board meeting held on November 13, 2025. Mr. Johnston, a long-standing member of the Company's Board, brings extensive entrepreneurial and strategic decision-making experience. As Chair, he will work closely with the Board and executive management to advance Gold Reserves strategic objectives.最新情報をもっと見るRecent updatesNew Risk • Mar 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.お知らせ • Feb 28Gold Reserve Ltd. announced that it has received $74.999997 million in funding from Thermo Companies and other investors.On February 27, 2026, Gold Reserve Ltd closed the transaction. Management elected not to pursue the over-allotment option. Transaction involves participation of Thermo Companies and other investors. In connection with the Financing, company will pay Cantor Fitzgerald Canada Corporation a cash commission totaling approximately $3,000,000.Common Shares sold to investors in Canada will be restricted from trading until June 27, 2026. Common Shares sold to investors outside of Canada were sold pursuant to OSC Rule 72-503 and subject to compliance with applicable securities laws, will be free from resale restrictions under applicable Canadian securities laws, The Financing also includes participation from three insiders of the Company that acquired a total of 5,749,999 Common Shares for gross proceeds of $17,249,997.お知らせ • Feb 11Gold Reserve Ltd. announced that it expects to receive $75 million in fundingGold Reserve Ltd. announced that it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement to issue 16,766,666 common shares at a price per Common Share of $3.00 for gross proceeds of $50,299,998 on February 11, 2026. The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about February 26, 2026 (the “Offering Closing Date”) and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the subsequent listing of the Common Shares to be issued in connection with the Offering remains subject to the approval of the BSX. As part of the Offering, the Company has secured participation from strategic investors on substantially the same terms as other investors in the Offering. On the same day, the company amended the terms of the transaction, the company will now issue 25,000,000 common shares at a price of $3 per share for aggregate gross proceeds of $75,000,000. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase at the Issue Price of up to an additional 25% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to approximately US$93,750,000 million in gross proceeds from the issuance of Common Shares. In connection with the offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.お知らせ • Jan 12Gold Reserve Ltd. Announces Executive Appointments, Effective January 8, 2026Gold Reserve Ltd. announced that effective January 8, 2026, Sai Ahmed has been appointed as Chief Operating Officer of the Company and Mackenzie Clark has been appointed as Chief Legal Officer of the Company.お知らせ • Nov 19Gold Reserve Ltd. Provides Update on Mandamus PetitionGold Reserve Ltd. announced that the Company's Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court of Appeals for the Third Circuit. The Third Circuit issued its order without a written opinion. The Company continues to evaluate all available appellate remedies and other avenues for relief.お知らせ • Nov 18Gold Reserve Ltd. Announces Board ChangesGold Reserve Ltd. announced that its Board of Directors has appointed Michael Johnston as the new Chair of the Board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of dedication to the Company. The appointment of Mr. Johnston was approved at the Company's regularly scheduled Board meeting held on November 13, 2025. Mr. Johnston, a long-standing member of the Company's Board, brings extensive entrepreneurial and strategic decision-making experience. As Chair, he will work closely with the Board and executive management to advance Gold Reserves strategic objectives.お知らせ • Oct 29Gold Reserve Ltd. Announces Filing of Mandamus Petition with the U.S. Court of AppealsGold Reserve Ltd. announced that on October 28, 2025 the Company filed a petition for Writ of Mandamus with the U.S. Court of Appeals for the Third Circuit. The petition seeks an order requiring the U.S. District Court for the District of Delaware to stay further consideration of the merits of the Citgo Sale Process until final resolution of Gold Reserve's motion to qualify the District Court, the Special Master, and the Special Master's Advisors. In other developments, pursuant to the schedule set by the U.S. District court for the District of Delaware in the Citgo Sale Process, the Company and other parties filed their Post-Trial Reply Briefs. A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.お知らせ • Sep 19+ 1 more updateGold Reserve Provides Update on U.S. Court Decision in 2020 PDVSA Bondholders ActionGold Reserve Ltd. announces that on September 18, 2025, the U.S. District Court for the Southern District of New York issued a decision granting partial summary judgment in favor of the 2020 Bondholders and denying Plaintiff PDVSA’s and PDVH’s motion for summary judgment that the 2020 Notes, as well as the Indenture, Pledge Agreement and Guaranty were not validly issued under Venezuelan law. The SDNY reserved decision on the 2020 Bondholders’ counterclaims and the effect of the validity of the 2020 Notes and Governing Documents under New York law. Gold Reserve is reviewing the potential impact of this ruling on the Company and will provide further updates as they become available.お知らせ • Sep 11Gold Reserve Ltd., Annual General Meeting, Nov 13, 2025Gold Reserve Ltd., Annual General Meeting, Nov 13, 2025.New Risk • Aug 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m.お知らせ • Jul 31Gold Reserve Ltd. announced that it has received $20.000168 million in fundingOn July 30, 2025, Gold Reserve Ltd closed the transaction. The company announced that it has issued 6,451,667 common shares at a price of $3.10 per common shares for gross proceeds of $20,000,167.70 and issued additional 3,225,833 Shares at a price of $3.10 per common share for gross proceeds of $10,000,082.30 as part of the overallotment option. In connection with the Offering, the Company has paid CFCC a cash commission totaling $1,215,045. Two insiders of the Company acquired a total of 3,774,000 Common Shares for gross proceeds of $11,699,400Recent Insider Transactions • Jul 22Independent Director recently bought CA$80k worth of stockOn the 18th of July, James Johnston bought around 15k shares on-market at roughly CA$5.35 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$53k more in shares than they have sold in the last 12 months.お知らせ • Jul 17Gold Reserve Ltd. announced that it expects to receive $20 million in fundingGold Reserve Ltd announced it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"),to undertake a private placement of 6,451,613 Class A common shares of the Company at a price of $3.10 for anticipated gross proceeds of up to $20,000,000 on July 15, 2025.The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about July 31, 2025 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 50% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to $30,000,000 in gross proceeds from the issuance of Common Shares. The Common Shares will be offered on a "best efforts" private placement basis. The Common Shares issuable to Canadian subscribers in connection with the Offering will be subject to a statutory hold period in Canada which will run for four months from the Offering Closing Date of the Offering. Any Common Shares sold to investors outside of Canada will be sold pursuant to OSC Rule 72-503.In connection with the Offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.お知らせ • Jul 16Gold Reserve Ltd. Wins Appeal At Portugal Supreme CourtGold Reserve Ltd. announced that in a recently published decision, Portugal's Supreme Court upheld a decision recognizing the Company's 2014 international arbitration award (the "Award") against the Bolivarian Republic of Venezuela ("V Venezuelaa") and rejecting the state's sovereign immunity and public policy defenses. The total amount owed by Venezuela under the Award, inclusive of interest, exceeds $1.1 billion. In February 2025, the Lisbon Court of Appeal issued an order granting the Company's application to confirm the Award in Portugal and entered judgment for the Company against Venezuela in the amount of the Award. In the present decision, the Supreme Court of Justice affirmed the Court of Appeal's decision. Venezuela also was ordered to pay costs. A copy of the Supreme Court's decision can be found here. An English translation of the decision is being prepared and the Company's website. The Company's recognition and enforcement efforts in Portugal are in addition to those being undertaken in the United States, including the Company's being named on July 2, 2025 as the Final Recommended Bidder in the U.S. District Court for the District of Delaware for the sale of the shares of PDV Holdings Inc. ("PDVH"), the indirect parent company of CITGO Petroleum Corp. Any satisfaction of the Company's judgment in the Delaware proceeds may set-off and reduce the amount that can be recovered on the Award in the Portugal legal proceedings, and vice-versa.New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Revenue is less than US$1m (US$441k revenue).お知らせ • Jan 31Gold Reserve Ltd. Files Form 15Gold Reserve Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A common shares was $0.01 per share.Board Change • Jan 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Independent Chairman of the Board Robert Cohen is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Dec 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director David Knight was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Dec 13Gold Reserve Ltd. Announces Board AppointmentsGold Reserve Ltd. at its annual general meeting of shareholders held on December 12, 2024, approved the appointment of Jonathan Howes to the board of directors of the company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed or their office is otherwise vacated. Following the Meeting, the Company appointed two additional and Bermuda-resident directors to the Board, namely Mr. George Thomas and Mr. William DeSilva.お知らせ • Oct 22Gold Reserve Ltd., Annual General Meeting, Dec 12, 2024Gold Reserve Ltd., Annual General Meeting, Dec 12, 2024.お知らせ • Oct 05Gold Reserve Ltd. Announces Appointment Paul Rivett as Chief Executive OfficerGold Reserve Ltd. announced the appointment of Paul Rivett as Chief Executive Officer of the Company, effective immediately. Mr. Rivett will continue to serve as a Director and as Executive Vice-Chairman of the board of directors of the Company.New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m (US$880k revenue). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding).お知らせ • Jul 04Gold Reserve Inc. announced that it has received $35.999997 million in fundingOn July 3, 2024, Gold Reserve Inc. closed the transaction. The company paid a cash commission totaling $1,047,465.05 in the transaction.お知らせ • Jun 26Gold Reserve Inc. announced that it expects to receive $29.999999 million in fundingGold Reserve Inc. announced a brokered private placement of 7,317,073 Class A common shares at a price of $4.10 per share for the gross proceeds of $29,999,999.3 on a best-efforts basis on June 25, 2024. The number of common shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about July 3, 2024 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The company has granted Cantor Fitzgerald Canada Corporation an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 20% of the number of common shares sold in the Offering at any time up to two days prior to the Offering closing date, on the same terms and conditions as the Offering. If exercised in full, the company would raise up to $36,000,000 in gross proceeds from the issuance of common shares. The common shares issuable to Canadian subscribers in connection with the Offering will be subject to a statutory hold period in Canada which will run for four months from the Offering closing date of the Offering. In connection with the Offering, Cantor Fitzgerald Canada Corporation will receive a commission equal to 6% of the gross proceeds from the sale of the common shares subject to certain exceptions at the Offering closing date.New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (US$909k revenue). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding).お知らせ • Jun 08Gold Reserve Inc. announced that it has received $15.000003 million in fundingOn June 7, 2024, Gold Reserve Inc. closed the transaction. The company issued 4,285,715 Class A common shares of the Company at a price of $3.5 per share for the gross proceeds of $15,000,003. The company has paid a cash commission of $400,000 to Cantor Fitzgerald Canada Corporation. The transaction remains subject to the final approval of TSXV.お知らせ • May 28Gold Reserve Inc. announced that it expects to receive $9.999997 million in fundingGold Reserve Inc. announced that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to undertake a best efforts private placement of 2,857,142 Class A common shares of the Company at a price per Common Share of $3.5 for the aggregate gross proceeds of $9,999,997 on May 27, 2024. The Share Offering is expected to be completed on a best efforts basis pursuant to a formal agency agreement to be entered into between the Company and CFCC, as lead agent and bookrunner. The closing of the Share Offering is expected to occur on or about June 7, 2024 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 50% of the number of Common Shares sold in the Share Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Share Offering. If exercised in full, the Company would raise up to $15 million in gross proceeds from the issuance of Common Shares. In connection with the Share Offering, the Agent will receive a commission equal to 6% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.お知らせ • Jan 10U.S. Supreme Court Denies Venezuela Leave to Appeal Order of Delaware Court and Gold Reserve Designated as Additional Judgement Creditor in Delaware Sale ProcessGold Reserve Inc. announced 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 permission to appeal the order issued on July 7, 2023 by the U.S. Court of Appeals for the Third Circuit that affirmed the decision of the U.S. District Court of Delaware (the Delaware Court) granting the Company a conditional writ of attachment of the shares of PDV Holding Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp.; and (ii) the Delaware Court has designated the Company and certain other creditors of Venezuela as "Additional Judgment Creditors" for the purposes of the sale process (the Sale Process) currently underway with respect to the proposed auction of the shares of PDVH. These two decisions clear two significant steps for the Company in its efforts to collect its approximately $1.1 billion judgment (inclusive of interest) that is the subject of the Company's litigation in Delaware. The Company currently has 99.5 million Class A Common Shares outstanding (107.3 million shares on a fully-diluted basis). The Delaware Court previously held that the priority of judgments of Additional Judgment Creditors will be based on the date each such creditor filed a motion for a writ of attachment that was subsequently granted. According to a chart filed with the Delaware Court in December 2023 by the Special Master appointed to manage the Sale Process, there are 12 judgments for which writs of attachment have been granted and for which the motions were filed before the Company's motion. These judgments, according to the Special Master's chart, represent an aggregate amount of U.S. $5.564 billion, inclusive of interest through August 2023. The Special Master noted that the amounts and priorities set forth in this chart have not yet been endorsed or validated by the Special Master. The most recent order of the Delaware Court also confirmed that the designation of Gold Reserve and other creditors as Additional Judgment Creditors now sufficiently protects the Sale Process in the event of any settlement with Crystallex International Corp. and/or ConocoPhillips Company because Additional Judgment Creditors have rights under both the order appointing the Special Master for the Sale Process and the order under which the Sale Process is being carried out.お知らせ • Jan 05Gold Reserve Inc. Announces Management AppointmentsFurther to its release of November 27, 2023 announcing the retirement of Rockne J. Timm as Chief Executive Officer of Gold Reserve Inc. effective February 13, 2024, the Company announced further changes that will become effective upon Mr. Timm’s retirement. James H. Coleman, currently Executive Chairman of Gold Reserve, will become President and Chairman Emeritus and continue his role as a senior executive of the Company in that capacity and Robert Cohen, currently a director of Gold Reserve, will be appointed Chairman of the Board. As previously announced, Mr. Timm will continue to serve as a director and advisor to the Company following his retirement. The Board of Directors of Gold Reserve believe that these changes will allow it to effectively manage the transitional issues associated with Mr. Timm’s retirement after his more than 35 years of strong leadership. The Board also continues to actively search for a full-time Chief Executive Officer to manage the day-to-day affairs of the Company as it continues its work to enhance shareholder value. This release has been approved by Rockne J. Timm, CEO of the Company.お知らせ • Nov 29Gold Reserve Inc. Announces Retirement of Rockne J. Timm as Chief Executive Officer, Effective as of February 13, 2024Gold Reserve Inc. announced that Rockne J. Timm, Chief Executive Officer and a Director of the Company, will retire after more than 35 years of leadership. Mr. Timm’s retirement as Chief Executive Officer will be effective as of February 13, 2024, at which time he will also resign from any officer positions held by him in the Company’s subsidiaries but will continue to serve as a director of the Company and its subsidiaries.お知らせ • Nov 17Gold Reserve Inc. Appoints David Knight to the Board of DirectorsGold Reserve Inc. announced the appointment of David Knight to the Board of Directors until the next annual meeting or until their successors are duly elected or appointed. Mr. Knight is a retired lawyer with 40 years’ experience in the areas of securities and mining law. Prior to his retirement in 2021, Mr. Knight acted as a legal advisor to the Company and currently acts as a consultant.Board Change • Oct 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director James Tunkey was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Sep 27Gold Reserve Inc., Annual General Meeting, Nov 15, 2023Gold Reserve Inc., Annual General Meeting, Nov 15, 2023.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Yves Gagnon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 08Gold Reserve Inc. Announces Management ChangesGold Reserve Inc. announced that it has appointed James Tunkey (Mr. Tunkey) as a director of the Company pursuant to the terms of a memorandum of agreement (the “Agreement”) with Camac Partners, LLC, Camac Fund, LP and Camac Fund II, LP. Following the appointment of Mr. Tunkey, the board of directors of the Company (the “Board”) is composed of eight directors, being: James H. Coleman, Rockne J. Timm, James P. Geyer, Robert A. Cohen, James Michael Johnston, Yves M. Gagnon, A. Douglas Belanger and Mr. James Tunkey. In connection with the terms of the Agreement, the Company will be including Mr. Tunkey as an additional nominee for election to the Board to be considered at the Company’s upcoming annual meeting of shareholders to be held on November 17, 2022 (the “Meeting”). As previously disclosed by the Company, A. Douglas Belanger will not be standing for re-election at the Meeting.お知らせ • Oct 27Camac Partners Engages in Discussions with Gold ReserveOn October 25, 2022, Camac Partners, LLC announced that it would engage in verbal communications and discussions with other stockholders of Gold Reserve Inc. with respect to effecting changes in the composition of the Company’s Board of Directors and intends to solicit proxies from other stockholders to effect such changes.お知らせ • Sep 14Gold Reserve Inc., Annual General Meeting, Nov 17, 2022Gold Reserve Inc., Annual General Meeting, Nov 17, 2022.お知らせ • Jul 26Gold Reserve Inc. Announces Retirement of A. Douglas Belanger as President and Director of the CompanyGold Reserve Inc. ('Gold Reserve' or the 'Company') announced that A. Douglas Belanger, President and a Director of the Company, will retire after more than 34 years of leadership. Mr. Belanger will not stand for re-election at the time of the 2022 Annual Shareholders Meeting and his retirement as President will be effective at the end of 2022 to focus on his health and spend more time with his family.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Yves Gagnon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Aug 12Insider recently sold CA$252k worth of stockOn the 9th of August, Jean-Charles Potvin sold around 120k shares on-market at roughly CA$2.10 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.お知らせ • Jun 08Gold Reserve Inc. announced that it has received CAD 0.253419 million in fundingOn June 7, 2021, Gold Reserve Inc. (OTCPK:GDRZ.F) closed the transaction.Is New 90 Day High Low • Nov 07New 90-day low: CA$1.50The company is down 43% from its price of CA$2.63 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period.Is New 90 Day High Low • Oct 02New 90-day low: CA$2.19The company is down 5.0% from its price of CA$2.30 on 03 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period.株主還元GRZCA Metals and MiningCA 市場7D-0.5%-7.9%-0.07%1Y242.1%87.2%33.7%株主還元を見る業界別リターン: GRZ過去 1 年間で87.2 % の収益を上げたCanadian Metals and Mining業界を上回りました。リターン対市場: GRZ過去 1 年間で33.7 % の収益を上げたCanadian市場を上回りました。価格変動Is GRZ's price volatile compared to industry and market?GRZ volatilityGRZ Average Weekly Movement9.5%Metals and Mining Industry Average Movement11.8%Market Average Movement10.3%10% most volatile stocks in CA Market18.1%10% least volatile stocks in CA Market3.9%安定した株価: GRZ 、 Canadian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: GRZの 週次ボラティリティ は、過去 1 年間で20%から10%に減少しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト19563Paul Rivettgoldreserve.bmゴールド・リザーブ社は探鉱段階にある会社で、鉱物資源の評価、買収、探鉱、開発に従事している。また、米国アラスカ州のLMSゴールド・プロジェクトの権益も保有している。同社は1956年に設立され、ワシントン州スポケーンを拠点としている。もっと見るGold Reserve Ltd. 基礎のまとめGold Reserve の収益と売上を時価総額と比較するとどうか。GRZ 基礎統計学時価総額CA$1.02b収益（TTM）-CA$49.98m売上高(TTM)n/a0.0xP/Sレシオ-19.8xPER（株価収益率GRZ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計GRZ 損益計算書（TTM）収益US$0売上原価US$0売上総利益US$0その他の費用US$36.27m収益-US$36.27m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.25グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率0%GRZ の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 15:44終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Gold Reserve Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullCantor Fitzgerald Canada CorporationJohn BridgesJ.P. MorganMichael CurranRBC Capital Markets1 その他のアナリストを表示
New Risk • Mar 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.
お知らせ • Feb 28Gold Reserve Ltd. announced that it has received $74.999997 million in funding from Thermo Companies and other investors.On February 27, 2026, Gold Reserve Ltd closed the transaction. Management elected not to pursue the over-allotment option. Transaction involves participation of Thermo Companies and other investors. In connection with the Financing, company will pay Cantor Fitzgerald Canada Corporation a cash commission totaling approximately $3,000,000.Common Shares sold to investors in Canada will be restricted from trading until June 27, 2026. Common Shares sold to investors outside of Canada were sold pursuant to OSC Rule 72-503 and subject to compliance with applicable securities laws, will be free from resale restrictions under applicable Canadian securities laws, The Financing also includes participation from three insiders of the Company that acquired a total of 5,749,999 Common Shares for gross proceeds of $17,249,997.
お知らせ • Feb 11Gold Reserve Ltd. announced that it expects to receive $75 million in fundingGold Reserve Ltd. announced that it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement to issue 16,766,666 common shares at a price per Common Share of $3.00 for gross proceeds of $50,299,998 on February 11, 2026. The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about February 26, 2026 (the “Offering Closing Date”) and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the subsequent listing of the Common Shares to be issued in connection with the Offering remains subject to the approval of the BSX. As part of the Offering, the Company has secured participation from strategic investors on substantially the same terms as other investors in the Offering. On the same day, the company amended the terms of the transaction, the company will now issue 25,000,000 common shares at a price of $3 per share for aggregate gross proceeds of $75,000,000. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase at the Issue Price of up to an additional 25% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to approximately US$93,750,000 million in gross proceeds from the issuance of Common Shares. In connection with the offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.
お知らせ • Jan 12Gold Reserve Ltd. Announces Executive Appointments, Effective January 8, 2026Gold Reserve Ltd. announced that effective January 8, 2026, Sai Ahmed has been appointed as Chief Operating Officer of the Company and Mackenzie Clark has been appointed as Chief Legal Officer of the Company.
お知らせ • Nov 19Gold Reserve Ltd. Provides Update on Mandamus PetitionGold Reserve Ltd. announced that the Company's Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court of Appeals for the Third Circuit. The Third Circuit issued its order without a written opinion. The Company continues to evaluate all available appellate remedies and other avenues for relief.
お知らせ • Nov 18Gold Reserve Ltd. Announces Board ChangesGold Reserve Ltd. announced that its Board of Directors has appointed Michael Johnston as the new Chair of the Board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of dedication to the Company. The appointment of Mr. Johnston was approved at the Company's regularly scheduled Board meeting held on November 13, 2025. Mr. Johnston, a long-standing member of the Company's Board, brings extensive entrepreneurial and strategic decision-making experience. As Chair, he will work closely with the Board and executive management to advance Gold Reserves strategic objectives.
New Risk • Mar 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.
お知らせ • Feb 28Gold Reserve Ltd. announced that it has received $74.999997 million in funding from Thermo Companies and other investors.On February 27, 2026, Gold Reserve Ltd closed the transaction. Management elected not to pursue the over-allotment option. Transaction involves participation of Thermo Companies and other investors. In connection with the Financing, company will pay Cantor Fitzgerald Canada Corporation a cash commission totaling approximately $3,000,000.Common Shares sold to investors in Canada will be restricted from trading until June 27, 2026. Common Shares sold to investors outside of Canada were sold pursuant to OSC Rule 72-503 and subject to compliance with applicable securities laws, will be free from resale restrictions under applicable Canadian securities laws, The Financing also includes participation from three insiders of the Company that acquired a total of 5,749,999 Common Shares for gross proceeds of $17,249,997.
お知らせ • Feb 11Gold Reserve Ltd. announced that it expects to receive $75 million in fundingGold Reserve Ltd. announced that it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"), to undertake a private placement to issue 16,766,666 common shares at a price per Common Share of $3.00 for gross proceeds of $50,299,998 on February 11, 2026. The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about February 26, 2026 (the “Offering Closing Date”) and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the subsequent listing of the Common Shares to be issued in connection with the Offering remains subject to the approval of the BSX. As part of the Offering, the Company has secured participation from strategic investors on substantially the same terms as other investors in the Offering. On the same day, the company amended the terms of the transaction, the company will now issue 25,000,000 common shares at a price of $3 per share for aggregate gross proceeds of $75,000,000. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase at the Issue Price of up to an additional 25% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to approximately US$93,750,000 million in gross proceeds from the issuance of Common Shares. In connection with the offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.
お知らせ • Jan 12Gold Reserve Ltd. Announces Executive Appointments, Effective January 8, 2026Gold Reserve Ltd. announced that effective January 8, 2026, Sai Ahmed has been appointed as Chief Operating Officer of the Company and Mackenzie Clark has been appointed as Chief Legal Officer of the Company.
お知らせ • Nov 19Gold Reserve Ltd. Provides Update on Mandamus PetitionGold Reserve Ltd. announced that the Company's Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court of Appeals for the Third Circuit. The Third Circuit issued its order without a written opinion. The Company continues to evaluate all available appellate remedies and other avenues for relief.
お知らせ • Nov 18Gold Reserve Ltd. Announces Board ChangesGold Reserve Ltd. announced that its Board of Directors has appointed Michael Johnston as the new Chair of the Board, effective immediately. Mr. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of dedication to the Company. The appointment of Mr. Johnston was approved at the Company's regularly scheduled Board meeting held on November 13, 2025. Mr. Johnston, a long-standing member of the Company's Board, brings extensive entrepreneurial and strategic decision-making experience. As Chair, he will work closely with the Board and executive management to advance Gold Reserves strategic objectives.
お知らせ • Oct 29Gold Reserve Ltd. Announces Filing of Mandamus Petition with the U.S. Court of AppealsGold Reserve Ltd. announced that on October 28, 2025 the Company filed a petition for Writ of Mandamus with the U.S. Court of Appeals for the Third Circuit. The petition seeks an order requiring the U.S. District Court for the District of Delaware to stay further consideration of the merits of the Citgo Sale Process until final resolution of Gold Reserve's motion to qualify the District Court, the Special Master, and the Special Master's Advisors. In other developments, pursuant to the schedule set by the U.S. District court for the District of Delaware in the Citgo Sale Process, the Company and other parties filed their Post-Trial Reply Briefs. A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings.
お知らせ • Sep 19+ 1 more updateGold Reserve Provides Update on U.S. Court Decision in 2020 PDVSA Bondholders ActionGold Reserve Ltd. announces that on September 18, 2025, the U.S. District Court for the Southern District of New York issued a decision granting partial summary judgment in favor of the 2020 Bondholders and denying Plaintiff PDVSA’s and PDVH’s motion for summary judgment that the 2020 Notes, as well as the Indenture, Pledge Agreement and Guaranty were not validly issued under Venezuelan law. The SDNY reserved decision on the 2020 Bondholders’ counterclaims and the effect of the validity of the 2020 Notes and Governing Documents under New York law. Gold Reserve is reviewing the potential impact of this ruling on the Company and will provide further updates as they become available.
お知らせ • Sep 11Gold Reserve Ltd., Annual General Meeting, Nov 13, 2025Gold Reserve Ltd., Annual General Meeting, Nov 13, 2025.
New Risk • Aug 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m.
お知らせ • Jul 31Gold Reserve Ltd. announced that it has received $20.000168 million in fundingOn July 30, 2025, Gold Reserve Ltd closed the transaction. The company announced that it has issued 6,451,667 common shares at a price of $3.10 per common shares for gross proceeds of $20,000,167.70 and issued additional 3,225,833 Shares at a price of $3.10 per common share for gross proceeds of $10,000,082.30 as part of the overallotment option. In connection with the Offering, the Company has paid CFCC a cash commission totaling $1,215,045. Two insiders of the Company acquired a total of 3,774,000 Common Shares for gross proceeds of $11,699,400
Recent Insider Transactions • Jul 22Independent Director recently bought CA$80k worth of stockOn the 18th of July, James Johnston bought around 15k shares on-market at roughly CA$5.35 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$53k more in shares than they have sold in the last 12 months.
お知らせ • Jul 17Gold Reserve Ltd. announced that it expects to receive $20 million in fundingGold Reserve Ltd announced it has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“CFCC” or the "Agent"),to undertake a private placement of 6,451,613 Class A common shares of the Company at a price of $3.10 for anticipated gross proceeds of up to $20,000,000 on July 15, 2025.The number of Common Shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about July 31, 2025 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 50% of the number of Common Shares sold in the Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Offering. If exercised in full, the Company would raise up to $30,000,000 in gross proceeds from the issuance of Common Shares. The Common Shares will be offered on a "best efforts" private placement basis. The Common Shares issuable to Canadian subscribers in connection with the Offering will be subject to a statutory hold period in Canada which will run for four months from the Offering Closing Date of the Offering. Any Common Shares sold to investors outside of Canada will be sold pursuant to OSC Rule 72-503.In connection with the Offering, the Agent will receive a commission equal to 6.0% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.
お知らせ • Jul 16Gold Reserve Ltd. Wins Appeal At Portugal Supreme CourtGold Reserve Ltd. announced that in a recently published decision, Portugal's Supreme Court upheld a decision recognizing the Company's 2014 international arbitration award (the "Award") against the Bolivarian Republic of Venezuela ("V Venezuelaa") and rejecting the state's sovereign immunity and public policy defenses. The total amount owed by Venezuela under the Award, inclusive of interest, exceeds $1.1 billion. In February 2025, the Lisbon Court of Appeal issued an order granting the Company's application to confirm the Award in Portugal and entered judgment for the Company against Venezuela in the amount of the Award. In the present decision, the Supreme Court of Justice affirmed the Court of Appeal's decision. Venezuela also was ordered to pay costs. A copy of the Supreme Court's decision can be found here. An English translation of the decision is being prepared and the Company's website. The Company's recognition and enforcement efforts in Portugal are in addition to those being undertaken in the United States, including the Company's being named on July 2, 2025 as the Final Recommended Bidder in the U.S. District Court for the District of Delaware for the sale of the shares of PDV Holdings Inc. ("PDVH"), the indirect parent company of CITGO Petroleum Corp. Any satisfaction of the Company's judgment in the Delaware proceeds may set-off and reduce the amount that can be recovered on the Award in the Portugal legal proceedings, and vice-versa.
New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Revenue is less than US$1m (US$441k revenue).
お知らせ • Jan 31Gold Reserve Ltd. Files Form 15Gold Reserve Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A common shares was $0.01 per share.
Board Change • Jan 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Independent Chairman of the Board Robert Cohen is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Dec 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director David Knight was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Dec 13Gold Reserve Ltd. Announces Board AppointmentsGold Reserve Ltd. at its annual general meeting of shareholders held on December 12, 2024, approved the appointment of Jonathan Howes to the board of directors of the company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed or their office is otherwise vacated. Following the Meeting, the Company appointed two additional and Bermuda-resident directors to the Board, namely Mr. George Thomas and Mr. William DeSilva.
お知らせ • Oct 22Gold Reserve Ltd., Annual General Meeting, Dec 12, 2024Gold Reserve Ltd., Annual General Meeting, Dec 12, 2024.
お知らせ • Oct 05Gold Reserve Ltd. Announces Appointment Paul Rivett as Chief Executive OfficerGold Reserve Ltd. announced the appointment of Paul Rivett as Chief Executive Officer of the Company, effective immediately. Mr. Rivett will continue to serve as a Director and as Executive Vice-Chairman of the board of directors of the Company.
New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m (US$880k revenue). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding).
お知らせ • Jul 04Gold Reserve Inc. announced that it has received $35.999997 million in fundingOn July 3, 2024, Gold Reserve Inc. closed the transaction. The company paid a cash commission totaling $1,047,465.05 in the transaction.
お知らせ • Jun 26Gold Reserve Inc. announced that it expects to receive $29.999999 million in fundingGold Reserve Inc. announced a brokered private placement of 7,317,073 Class A common shares at a price of $4.10 per share for the gross proceeds of $29,999,999.3 on a best-efforts basis on June 25, 2024. The number of common shares to be sold will be determined in the context of the market in conjunction with the marketing efforts and there can be no assurance as to completion of the Offering. The closing of the Offering is expected to occur on or about July 3, 2024 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The company has granted Cantor Fitzgerald Canada Corporation an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 20% of the number of common shares sold in the Offering at any time up to two days prior to the Offering closing date, on the same terms and conditions as the Offering. If exercised in full, the company would raise up to $36,000,000 in gross proceeds from the issuance of common shares. The common shares issuable to Canadian subscribers in connection with the Offering will be subject to a statutory hold period in Canada which will run for four months from the Offering closing date of the Offering. In connection with the Offering, Cantor Fitzgerald Canada Corporation will receive a commission equal to 6% of the gross proceeds from the sale of the common shares subject to certain exceptions at the Offering closing date.
New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (US$909k revenue). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding).
お知らせ • Jun 08Gold Reserve Inc. announced that it has received $15.000003 million in fundingOn June 7, 2024, Gold Reserve Inc. closed the transaction. The company issued 4,285,715 Class A common shares of the Company at a price of $3.5 per share for the gross proceeds of $15,000,003. The company has paid a cash commission of $400,000 to Cantor Fitzgerald Canada Corporation. The transaction remains subject to the final approval of TSXV.
お知らせ • May 28Gold Reserve Inc. announced that it expects to receive $9.999997 million in fundingGold Reserve Inc. announced that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to undertake a best efforts private placement of 2,857,142 Class A common shares of the Company at a price per Common Share of $3.5 for the aggregate gross proceeds of $9,999,997 on May 27, 2024. The Share Offering is expected to be completed on a best efforts basis pursuant to a formal agency agreement to be entered into between the Company and CFCC, as lead agent and bookrunner. The closing of the Share Offering is expected to occur on or about June 7, 2024 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Company has granted the Agent an over-allotment option exercisable, in whole or in part, in the sole discretion of the Agent, to arrange for the purchase of up to an additional 50% of the number of Common Shares sold in the Share Offering at any time up to two days prior to the Offering Closing Date, on the same terms and conditions as the Share Offering. If exercised in full, the Company would raise up to $15 million in gross proceeds from the issuance of Common Shares. In connection with the Share Offering, the Agent will receive a commission equal to 6% of the gross proceeds from the sale of the Common Shares subject to certain exceptions at the Offering Closing Date.
お知らせ • Jan 10U.S. Supreme Court Denies Venezuela Leave to Appeal Order of Delaware Court and Gold Reserve Designated as Additional Judgement Creditor in Delaware Sale ProcessGold Reserve Inc. announced 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 permission to appeal the order issued on July 7, 2023 by the U.S. Court of Appeals for the Third Circuit that affirmed the decision of the U.S. District Court of Delaware (the Delaware Court) granting the Company a conditional writ of attachment of the shares of PDV Holding Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp.; and (ii) the Delaware Court has designated the Company and certain other creditors of Venezuela as "Additional Judgment Creditors" for the purposes of the sale process (the Sale Process) currently underway with respect to the proposed auction of the shares of PDVH. These two decisions clear two significant steps for the Company in its efforts to collect its approximately $1.1 billion judgment (inclusive of interest) that is the subject of the Company's litigation in Delaware. The Company currently has 99.5 million Class A Common Shares outstanding (107.3 million shares on a fully-diluted basis). The Delaware Court previously held that the priority of judgments of Additional Judgment Creditors will be based on the date each such creditor filed a motion for a writ of attachment that was subsequently granted. According to a chart filed with the Delaware Court in December 2023 by the Special Master appointed to manage the Sale Process, there are 12 judgments for which writs of attachment have been granted and for which the motions were filed before the Company's motion. These judgments, according to the Special Master's chart, represent an aggregate amount of U.S. $5.564 billion, inclusive of interest through August 2023. The Special Master noted that the amounts and priorities set forth in this chart have not yet been endorsed or validated by the Special Master. The most recent order of the Delaware Court also confirmed that the designation of Gold Reserve and other creditors as Additional Judgment Creditors now sufficiently protects the Sale Process in the event of any settlement with Crystallex International Corp. and/or ConocoPhillips Company because Additional Judgment Creditors have rights under both the order appointing the Special Master for the Sale Process and the order under which the Sale Process is being carried out.
お知らせ • Jan 05Gold Reserve Inc. Announces Management AppointmentsFurther to its release of November 27, 2023 announcing the retirement of Rockne J. Timm as Chief Executive Officer of Gold Reserve Inc. effective February 13, 2024, the Company announced further changes that will become effective upon Mr. Timm’s retirement. James H. Coleman, currently Executive Chairman of Gold Reserve, will become President and Chairman Emeritus and continue his role as a senior executive of the Company in that capacity and Robert Cohen, currently a director of Gold Reserve, will be appointed Chairman of the Board. As previously announced, Mr. Timm will continue to serve as a director and advisor to the Company following his retirement. The Board of Directors of Gold Reserve believe that these changes will allow it to effectively manage the transitional issues associated with Mr. Timm’s retirement after his more than 35 years of strong leadership. The Board also continues to actively search for a full-time Chief Executive Officer to manage the day-to-day affairs of the Company as it continues its work to enhance shareholder value. This release has been approved by Rockne J. Timm, CEO of the Company.
お知らせ • Nov 29Gold Reserve Inc. Announces Retirement of Rockne J. Timm as Chief Executive Officer, Effective as of February 13, 2024Gold Reserve Inc. announced that Rockne J. Timm, Chief Executive Officer and a Director of the Company, will retire after more than 35 years of leadership. Mr. Timm’s retirement as Chief Executive Officer will be effective as of February 13, 2024, at which time he will also resign from any officer positions held by him in the Company’s subsidiaries but will continue to serve as a director of the Company and its subsidiaries.
お知らせ • Nov 17Gold Reserve Inc. Appoints David Knight to the Board of DirectorsGold Reserve Inc. announced the appointment of David Knight to the Board of Directors until the next annual meeting or until their successors are duly elected or appointed. Mr. Knight is a retired lawyer with 40 years’ experience in the areas of securities and mining law. Prior to his retirement in 2021, Mr. Knight acted as a legal advisor to the Company and currently acts as a consultant.
Board Change • Oct 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director James Tunkey was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 27Gold Reserve Inc., Annual General Meeting, Nov 15, 2023Gold Reserve Inc., Annual General Meeting, Nov 15, 2023.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Yves Gagnon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 08Gold Reserve Inc. Announces Management ChangesGold Reserve Inc. announced that it has appointed James Tunkey (Mr. Tunkey) as a director of the Company pursuant to the terms of a memorandum of agreement (the “Agreement”) with Camac Partners, LLC, Camac Fund, LP and Camac Fund II, LP. Following the appointment of Mr. Tunkey, the board of directors of the Company (the “Board”) is composed of eight directors, being: James H. Coleman, Rockne J. Timm, James P. Geyer, Robert A. Cohen, James Michael Johnston, Yves M. Gagnon, A. Douglas Belanger and Mr. James Tunkey. In connection with the terms of the Agreement, the Company will be including Mr. Tunkey as an additional nominee for election to the Board to be considered at the Company’s upcoming annual meeting of shareholders to be held on November 17, 2022 (the “Meeting”). As previously disclosed by the Company, A. Douglas Belanger will not be standing for re-election at the Meeting.
お知らせ • Oct 27Camac Partners Engages in Discussions with Gold ReserveOn October 25, 2022, Camac Partners, LLC announced that it would engage in verbal communications and discussions with other stockholders of Gold Reserve Inc. with respect to effecting changes in the composition of the Company’s Board of Directors and intends to solicit proxies from other stockholders to effect such changes.
お知らせ • Sep 14Gold Reserve Inc., Annual General Meeting, Nov 17, 2022Gold Reserve Inc., Annual General Meeting, Nov 17, 2022.
お知らせ • Jul 26Gold Reserve Inc. Announces Retirement of A. Douglas Belanger as President and Director of the CompanyGold Reserve Inc. ('Gold Reserve' or the 'Company') announced that A. Douglas Belanger, President and a Director of the Company, will retire after more than 34 years of leadership. Mr. Belanger will not stand for re-election at the time of the 2022 Annual Shareholders Meeting and his retirement as President will be effective at the end of 2022 to focus on his health and spend more time with his family.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Yves Gagnon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Aug 12Insider recently sold CA$252k worth of stockOn the 9th of August, Jean-Charles Potvin sold around 120k shares on-market at roughly CA$2.10 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
お知らせ • Jun 08Gold Reserve Inc. announced that it has received CAD 0.253419 million in fundingOn June 7, 2021, Gold Reserve Inc. (OTCPK:GDRZ.F) closed the transaction.
Is New 90 Day High Low • Nov 07New 90-day low: CA$1.50The company is down 43% from its price of CA$2.63 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period.
Is New 90 Day High Low • Oct 02New 90-day low: CA$2.19The company is down 5.0% from its price of CA$2.30 on 03 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period.
