Gold Reserve annual capital expenditures (capex)
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2025
Gold Reserve Capital Expenditures (CapEx) Growth & History (GDRZF)
Gold Reserve's capital expenditures (capex) was $107,955 for fiscal 2025.
View full Gold Reserve company overviewGold Reserve annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $107,955 | — | — |
| 2021 | 2021-12-31 | $2,381 | −$44,372 | −94.91% |
| 2020 | 2020-12-31 | $46,753 | $36,743 | +367.06% |
| 2019 | 2019-12-31 | $10,010 | −$79,669 | −88.84% |
| 2018 | 2018-12-31 | $89,679 | −$502,850 | −84.87% |
| 2017 | 2017-12-31 | $592,529 | $242,529 | +69.29% |
| 2016 | 2016-12-31 | $350,000 | $350,000 | — |
| 2015 | 2015-12-31 | $0 | −$150,000 | — |
| 2014 | 2014-12-31 | $150,000 | $21,715 | +16.93% |
| 2013 | 2013-12-31 | $128,285 | −$30,853 | −19.39% |
| 2012 | 2012-12-31 | $159,138 | $108,660 | +215.26% |
| 2011 | 2011-12-31 | $50,478 | −$9.4M | −99.47% |
| 2010 | 2010-12-31 | $9.5M | −$8.3M | −46.56% |
| 2009 | 2009-12-31 | $17.8M | — | — |
Gold Reserve quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $2,546 | $1,202 | +89.43% |
| Q4 2025 | 2025-12-31 | $1,611 | — | — |
| Q2 2025 | 2025-06-30 | $105,000 | — | — |
| Q1 2025 | 2025-03-31 | $1,344 | — | — |
| Q3 2020 | 2020-09-30 | $46,753 | $40,228 | +616.52% |
| Q1 2020 | 2020-03-31 | $0 | −$1,250 | — |
| Q4 2019 | 2019-12-31 | $0 | −$18,407 | — |
| Q3 2019 | 2019-09-30 | $6,525 | $5,131 | +368.08% |
| Q2 2019 | 2019-06-30 | $2,235 | −$49,534 | −95.68% |
| Q1 2019 | 2019-03-31 | $1,250 | −$16,859 | −93.10% |
| Q4 2018 | 2018-12-31 | $18,407 | −$509,658 | −96.51% |
| Q3 2018 | 2018-09-30 | $1,394 | −$56,326 | −97.58% |
| Q2 2018 | 2018-06-30 | $51,769 | $47,865 | +1226.05% |
| Q1 2018 | 2018-03-31 | $18,109 | $15,269 | +537.64% |
| Q4 2017 | 2017-12-31 | $528,065 | $528,065 | — |
| Q3 2017 | 2017-09-30 | $57,720 | $57,720 | — |
| Q2 2017 | 2017-06-30 | $3,904 | $3,904 | — |
| Q1 2017 | 2017-03-31 | $2,840 | −$347,160 | −99.19% |
| Q4 2016 | 2016-12-31 | $0 | $0 | — |
| Q3 2016 | 2016-09-30 | $0 | $0 | — |
| Q2 2016 | 2016-06-30 | $0 | $0 | — |
| Q1 2016 | 2016-03-31 | $350,000 | $350,000 | — |
| Q4 2015 | 2015-12-31 | $0 | $0 | — |
| Q3 2015 | 2015-09-30 | $0 | $0 | — |
| Q2 2015 | 2015-06-30 | $0 | −$150,000 | — |
| Q1 2015 | 2015-03-31 | $0 | $0 | — |
| Q4 2014 | 2014-12-31 | $0 | $0 | — |
| Q3 2014 | 2014-09-30 | $0 | −$1,264 | — |
| Q2 2014 | 2014-06-30 | $150,000 | $22,979 | +18.09% |
| Q1 2014 | 2014-03-31 | $0 | $0 | — |
| Q4 2013 | 2013-12-31 | $0 | −$2,001 | — |
| Q3 2013 | 2013-09-30 | $1,264 | −$104,154 | −98.80% |
| Q2 2013 | 2013-06-30 | $127,021 | $77,011 | +153.99% |
| Q1 2013 | 2013-03-31 | $0 | −$1,709 | — |
| Q4 2012 | 2012-12-31 | $2,001 | −$9,082 | −81.95% |
| Q3 2012 | 2012-09-30 | $105,418 | $98,967 | +1534.13% |
| Q2 2012 | 2012-06-30 | $50,010 | $19,579 | +64.34% |
| Q1 2012 | 2012-03-31 | $1,709 | −$804 | −31.99% |
| Q4 2011 | 2011-12-31 | $11,083 | — | — |
| Q3 2011 | 2011-09-30 | $6,451 | $3,899 | +152.78% |
| Q2 2011 | 2011-06-30 | $30,431 | $30,431 | — |
| Q1 2011 | 2011-03-31 | $2,513 | — | — |
| Q3 2010 | 2010-09-30 | $2,552 | — | — |
| Q2 2010 | 2010-06-30 | $0 | — | — |
Gold Reserve capital expenditures (capex) trends
Over the last five fiscal years, Gold Reserve's capital expenditures (capex) increased from $46,753 to $107,955, a change of $61,202. The latest reported quarter, Q1 2026, shows $2,546.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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