| Business Summary | | Gold
Reserve
Inc.
is
a
mining
company
whose
primary
mining
asset,
the
Brisas
property,
is
a
late
development-stage
gold
and
copper
deposit,
located
in
the
KM
88
mining
district
of
the
State
of
Bolivar
in
southeastern
Venezuela.
The
Company
has
no
revenue-producing
mining
operations
at
this
time.
Proven
and
probable
mineral
reserves
on
the
Brisas
property,
last
reported
upon
in
early
2000,
total
approximately
six
million
ounces
of
gold
and
706
million
pounds
of
copper,
using
$300
per
ounce
gold
and
$0.80
per
pound
copper.
The
total
mineral
resource
on
the
property
approximates
10
million
ounces
of
gold
and
one
billion
pounds
of
copper. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gold
Reserve,
Inc.
is
engaged
in
acquiring,
exploring
and
developing
mining
properties
and
placing
these
properties
into
production.
For
the
six
months
ended
6/30/01,
revenues
decreased
less
than
1%
to
$553
thousand.
Net
loss
decreased
41%
to
$460
thousand.
Revenues
reflect
lower
interest
income.
Lower
losses
reflect
gains
on
the
sale
of
marketable
securities
and
decreased
foreign
exchange
losses
and
technical
services
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Rockne Timm, 54 Chairman,
Pres, CEO | $255K | A. Douglas Belanger, 46 Exec.
VP and Director | 205K | James Geyer, 47 Sr.
VP | 205K | Robert McGuinness, 44 VP
of Fin. and CFO | 150K | Mary Smith, 47 VP
of Admin. and Sec. | 81K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|