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Canadian company holding a large arbitration award against Venezuela for its expropriated Brisas/Cristinas gold-copper project.
Canadian company holding a large arbitration award against Venezuela for its expropriated Brisas/Cristinas gold-copper project.
In one line: No US peer..
Moat: none. Value depends on a legal/political recovery process, not on an operating business.
Headquarters: Spokane, United States · Employees: 3
Size Gold Reserve (GRZ.V) is a Canada Materials company (Precious Metals) with a market value of $560M, the 322nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$5.30 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against +1.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th lowest of 21 in its peer set.
Valuation It trades at 4.59× book value against a peer median of 2.24× (5th most expensive of 20).
Price implies The share price implies a return on equity of about 12.9%; Gold Reserve delivers -41.5%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$249,083 | -C$175,117 | -C$20,132 | -C$85,046 | -C$135,579 |
| EBITDA | -C$25.1M | -C$14.1M | -C$16.4M | -C$9.35M | -C$9.37M |
| Net income | -C$50.5M | -C$47.9M | -C$20.8M | -C$31.2M | -C$11.2M |
| Free cash flow | -C$51.9M | -C$42.0M | -C$16.5M | -C$10.0M | -C$8.28M |
| Capital expenditure | C$4,496 | C$150,844 | C$0 | C$0 | C$0 |
| Total debt | C$164,070 | C$248,529 | C$0 | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRZ.V | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.9% | -7.9% | lowest of 21 |
| 6-month return | -19.1% | +1.1% | 9th lowest of 21 |
| Return on equity | -41.5% | -4.8% | 3rd lowest of 20 |
| Price / book | 4.59× | 2.24× | 5th most expensive of 20 |
| ROE the price implies | 12.9% | 21.2% | 3rd least demanding of 20 |
| ROE delivered | -41.5% | -4.8% | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Gold Reserve GRZ.V | Canada | $560M | -19% | n/a | -41% | 4.59× | 12.9% | -41.5% |
| Andean Precious Metals APM.TO | Canada | $555M | -20% | +63% | 49% | 1.84× | 21.4% | 49.2% |
| Banyan Gold BYN.V | Canada | $554M | +18% | n/a | -5% | 5.50× | 64.9% | -4.8% |
| Forrestania Resources FRS.AX | Australia | $547M | -33% | n/a | -23% | 1.63× | 16.6% | -23.2% |
| Goldsky Resources GSKR.V | Canada | $543M | -28% | n/a | -22% | 1.75× | 15.8% | -21.8% |
| Brightstar Resources BTR.AX | Australia | $542M | +68% | +91% | -30% | 1.81× | 16.9% | -29.6% |
| IperionX IPX | United States | $540M | -66% | n/a | -74% | 5.42× | 64.6% | -74.1% |
| Turaco Gold TCG.AX | Australia | $540M | +29% | n/a | -31% | 8.06× | 112.3% | -31.4% |
| WIA Gold WIA.AX | Australia | $533M | -22% | n/a | -4% | 3.99× | 17.1% | -3.9% |
| Rox Resources RXL.AX | Australia | $532M | +13% | n/a | -19% | 2.77× | 12.8% | -19.0% |
| Anglo Asian Mining AAZ.L | United Kingdom | $590M | +30% | +220% | 58% | 4.42× | 39.4% | 58.0% |
| Contango Silver & Gold CTGO | United States | $520M | -43% | n/a | -24% | 1.52× | 8.1% | -23.7% |
| Thesis Gold & Silver TAU.V | Canada | $516M | -31% | n/a | -5% | 2.24× | 24.4% | -4.5% |
| Troilus Mining TLG.TO | Canada | $611M | -8% | n/a | -122% | 7.28× | 110.2% | -121.9% |
| Metals Exploration MTL.L | United Kingdom | $617M | +17% | -17% | 14% | 2.12× | 17.8% | 13.5% |
| Goldgroup Mining GORO.V | Canada | $500M | -21% | +215% | n/a | n/a | n/a | n/a |
| St. Barbara SBM.AX | Australia | $629M | +5% | -76% | -4% | 0.96× | 14.2% | -4.3% |
| Ausgold AUC.AX | Australia | $495M | +42% | n/a | -6% | 3.30× | 37.4% | -6.2% |
| Galiano Gold GAU.TO | Canada | $653M | +2% | +91% | 26% | 2.03× | 21.2% | 26.0% |
| Amaroq AMRQ.L | United Kingdom | $657M | 0% | +2,134% | 2% | 3.10× | 22.7% | 1.8% |
| Aurelia Metals AMI.AX | Australia | $477M | +16% | +40% | 20% | 1.48× | 15.7% | 20.2% |