Gold Reserve Ltd.
Gold Reserve Ltd. is a mineral exploration and development company primarily focused on managing and monetizing a portfolio of legal and arbitral claims, alongside its historical involvement in mining projects. The company's mission is to advance high-quality mineral assets with the objective of creating sustainable long-term value for shareholders. Headquartered in Pembroke, Bermuda, the company was incorporated in 1998 and continued to Bermuda in September 2024.
Historically, Gold Reserve Ltd. has been involved in gold mining and exploration, notably with the Brisas Project in Venezuela. Currently, its core business revolves around pursuing and enforcing an arbitral award against the Bolivarian Republic of Venezuela and developing its interest in the Siembra Minera gold, copper, and silver project in Venezuela, where it holds a 45% stake. The company is actively engaged in legal proceedings, including the CITGO Proceedings in the U.S. District Court for the District of Delaware and Portugal Attachment Proceedings, to recover compensation and advance its claims.
In recent developments, Paul Rivett was appointed Chief Executive Officer in October 2024. Gold Reserve Ltd. closed a strategic US$75 million financing in February 2026, signaling investor confidence in its strategic direction and potential return to Venezuela. The company has also submitted a bid for PDV Holding as part of the CITGO sale process and has welcomed Venezuela's proposed new mining law, indicating ongoing efforts to resume mining operations in the country.
Latest updates
