Gold Reserve

GRZ.V

Gold · Basic Materials

Price

C$6.65

+0.12 (+1.84%)

Market Cap

C$802.5M

Exchange

Toronto Stock Exchange Ventures

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Track this stock — start free trial

Share count rising — dilution

+17.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 99.5M (2021) → 117.1M (2025)

Winston Score History

The full picture

Gold Reserve is a mining company focused on developing gold and copper projects in Venezuela. The company's main asset is the Siembra Minera project, a large gold-copper deposit in southeastern Venezuela. Gold Reserve does not currently produce or sell any metals — it is a development-stage company.

The company has no meaningful revenue today and funds itself through cash reserves and financing. Gold Reserve has spent years in legal disputes with the Venezuelan government after its earlier Brisas project was nationalized, eventually winning a major arbitration award. It operates from offices in the US and Canada while its mineral assets sit in Venezuela. The company's future depends heavily on whether it can successfully advance the Siembra Minera project amid Venezuela's ongoing political and economic instability, which remains the central risk for investors.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+20.6% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

Research and development spending

Insider Activity

0.3%ownership

Relatively low insider ownership

Cash Runway

~5 years

$133M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$133M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

Data not available

Profit after running costs

Operating Margin

N/A

Data not available

Return on the money invested

ROCE

-15.1%

Weak — -15.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-100.0%

Shrinking sales (-100.0% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

45.71%

Healthy income — 45.71% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

N/A

no trend

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial