Gold Reserve Ltd.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Paul C. Rivett
- Full Time Employees
- 3
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Rosebank Centre Pembroke HA Bermuda HM 08
- IPO Date
- Sep 7, 1993
- Website
- goldreserve.bm
- Similar Companies
- Business
- Gold Reserve Ltd. (TSX.V: GRZ; OTCQX: GDRZF; BSX: GRZ.BH) primarily focuses on managing and monetizing a portfolio of legal and arbitral claims arising from disputes with the Venezuelan government, including the CITGO Proceedings in the U.S. District Court for the District of Delaware involving the auction of shares in PDV Holding, the parent of Citgo Petroleum; the Portugal Attachment Proceedings; and the Siembra Minera Arbitration Proceedings related to gold, copper, silver and other mineral rights in Bolivar State, Venezuela. The company also holds interests in mining projects such as the LMS Gold project in Alaska, United States, and maintains historical involvement in the Brisas-Velasco and Las Cristinas gold-copper projects in Venezuela through a joint venture structured as Empresa Mixta Siembra Minera S.A. Founded in 1956 as the successor to Gold Reserve Corporation, the Vancouver-based entity was incorporated in 1998 under Yukon Territory laws, continued to Alberta in 2014, and redomiciled to Pembroke, Bermuda in September 2024; it targets creditors, investors and stakeholders in the mining and energy sectors with operations spanning North America, South America and Europe. In recent developments, Gold Reserve's U.S. subsidiary Dalinar Energy Corporation submitted a US$7.38 billion topping bid in the CITGO auction, initially recommended as the winner by the Special Master in 2025 before the Delaware District Court adopted a rival Elliott/Amber Energy $5.9 billion bid, prompting multiple appeals including from Gold Reserve following the entry of the Final Sale Order on December 1, 2025. The company prevailed in an ICC arbitration against Banco de Desarrollo Económico y Social de Venezuela (Bandes) in November 2025, secured a favorable decision from Portugal's Supreme Court, filed a complaint in Delaware Chancery Court against Rusoro Mining Ltd., and pursued a mandamus petition with the U.S. Court of Appeals. Additional updates include closing a US$30 million private placement, obtaining BSX approval for a secondary listing of common shares, appointing a new Board Chair in November 2025, and ongoing responses to a CRA audit; Steelhead Partners LLC acquired a significant stake representing nearly 99% ownership in July 2024.
Company News
Gold Reserve Files Response in Citgo Appeal, Supporting Venezuela's Request for Abeyance, Subject to Support of the United States
Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Here’s What Happened
Gold Reserve Announces Intention to Commence Normal Course Issuer Bid
Gold Reserve Successfully Overcomes Rusoro Mining Ltd.'s Motion to Dismiss in Court of Chancery Proceedings
Gold Reserve Joyously Announces the Release of José Ignacio Moreno Suárez After Three Years of Imprisonment
Gold Reserve Provides Update on Its Litigation and Arbitration Proceedings
Gold Reserve Announces Intention to Make Further CVR/Bonus Settlement Offers, to Make Offers to Optionholders, and to Amend Equity Incentive Plan
Gold Reserve Begins Deploying Venezuela Earthquake Relief Funds, Urges Business Community to Join the Effort
Gold Reserve Commits US$1 Million to Support Earthquake Relief Efforts in Venezuela
India's central bank likely sold $12 billion gold reserve in just two weeks to support the rupee – BE report
Gold Reserve Announces Signing of an Earn-In Agreement with Augusta Capital to Expedite Venezuela Mining and Schedules Update Conference Call
‘I wonder if they left the gold in Fort Knox, because they steal a lot' – Trump speculates on U.S. gold reserve
Gold Reserve Announces Board Approval of Spin-Out Transactions
Gold Reserve Welcomes Venezuela's New Mining Law
Central Banks Are Buying Gold at Record Levels. Trump Is Working to Unlock America's Largest Gold Reserve.
Gold Reserve Welcomes Venezuela's Proposed New Mining Law
Gold Reserve Announces Settlement of certain Contingent Value Rights and Bonus Entitlements
Gold Reserve Notes Issuance of OFAC General License 51 Related to Venezuelan-Origin Gold
Gold Reserve Returns to Venezuela
Gold Reserve Provides Update in Citgo Sale Process: Gold Reserve Files Reply Brief With the Third Circuit