v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
EXPENSES      
Depreciation $ 188,356 $ 173,667 $ 154,939
Exploration 981,554 1,610,502 748,497
General and administrative 535,147 377,345 578,176
LOSS BEFORE OTHER ITEMS (1,705,057) (2,161,514) (1,481,612)
OTHER ITEMS      
Recovery of gold 3,704,167 4,074,170 2,373,592
Foreign exchange loss (938,422) (426,420) (124,558)
Net gain on trading securities 360,754 714,523 1,346,699
Other income 143,407 55,972 45,589
Impairment on marketable securities 0 (211,018) 0
Change in fair value warrant derivative liability 0 0 137,313
INCOME FROM OTHER ITEMS 3,269,906 4,207,227 3,778,635
Income before tax 1,564,849 2,045,713 2,297,023
Income tax expense (800,000) (1,088,192) (294,992)
Net income 764,849 957,521 2,002,031
Net gain attributable to non-controlling interest (133,082) (121,545) (141,782)
Net income attributable to Xtra-Gold Resources Corp. $ 631,767 $ 835,976 $ 1,860,249
Basic income attributable to common shareholders per common share $ 0.01 $ 0.02 $ 0.04
Diluted income attributable to common shareholders per common share $ 0.01 $ 0.02 $ 0.04
Basic weighted average number of common shares outstanding 46,542,900 46,779,574 46,095,232
Diluted weighted average number of common shares outstanding 48,822,024 48,925,574 49,589,430