Last C$4.36 CAD
Change Today +0.17 / 4.06%
Volume 41.5K
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As of 3:27 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

gold reserve inc (GRZ) Snapshot

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07/25/14 - C$4.48
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08/13/13 - C$3.00
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gold reserve inc (GRZ) Details

Gold Reserve Inc., an exploration stage company, acquires, explores, and develops mining projects. It holds an option to acquire 51% interest in the La Tortuga property, a copper and gold prospect, covering an area of 11,562 hectares located in Jalisco State, Mexico. The company was founded in 1956 and is based in Spokane, Washington.

20 Employees
Last Reported Date: 04/29/14
Founded in 1956

gold reserve inc (GRZ) Top Compensated Officers

Chief Executive Officer, Director and Chairma...
Total Annual Compensation: $300.0K
President, Director and Member of Executive C...
Total Annual Compensation: $270.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $180.0K
Vice President of Administration and Secretar...
Total Annual Compensation: $119.0K
Compensation as of Fiscal Year 2013.

gold reserve inc (GRZ) Key Developments

Gold Reserve Announces Proceedings in ICSID Arbitration Case with Venezuela

Gold Reserve Inc. announced that the arbitral tribunal in the International Centre for Settlement of Investment Disputes case (Gold Reserve Inc. v. The Bolivarian Republic of Venezuela -- Case No. ARB (AF)/09/1) has declared the proceedings closed in accordance with Article 44 of the Arbitration (Additional Facility) Rules. Gold Reserve claims damages arising from violations of three provisions of the Canada-Venezuela bilateral investment treaty resulting in the effective expropriation of Gold Reserve's sizable investments in the world-class Brisas gold/copper project and the promising Choco 5 property and seeks compensation corresponding to the restitution, or fair market value as of May 2008, of the rights to develop the Brisas Project and Choco 5, as of the date of the Tribunal's decision. Gold Reserve has presented evidence to support its claim for restitution as last updated in its Reply dated July 29, 2011, of approximately $2.1 billion, including interest.

Gold Reserve Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Gold Reserve Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total loss of USD 5,632 against total income of USD 29,234 a year ago. Loss before interest expense was USD 1,271,352 against USD 1,928,406 a year ago. Net loss for the period was USD 2,813,613 or USD 0.04 per share basic and diluted against USD 3,207,097 or USD 0.04 per share basic and diluted a year ago. Net cash used in operating activities was USD 1,434,276 against USD 2,084,940 a year ago. Cash flow used in operating activities during the three months ended March 31, 2014 decreased from the prior comparable period primarily due to a decrease in professional fees, costs associated with the arbitration and decreases in corporate general and administrative costs and legal expenses.

Gold Reserve Inc., Annual General Meeting, Jun 10, 2014

Gold Reserve Inc., Annual General Meeting, Jun 10, 2014., at 09:30 Pacific Standard Time. Location: 926 W. Sprague. Agenda: To elect directors of the company to hold such positions until the next annual meeting of Shareholders or until their successors are elected and have qualified; to appoint PricewaterhouseCoopers LLP as independent auditors of the company and to authorize the directors of the company to fix their remuneration; to receive the financial statements of the company for the year ended December 31, 2013, together with the report of the auditors thereon; and to conduct any other business as may properly come before the meeting or any adjournment or postponement thereof.


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