Gold Reserve says fees totaling $170 million jeopardize Citgo auction

Investing.comMonday, October 20, 2025 at 7:12:52 PM
Gold Reserve says fees totaling $170 million jeopardize Citgo auction
Gold Reserve has raised concerns that fees amounting to $170 million could jeopardize the upcoming auction of Citgo, a significant asset in the oil industry. This situation is critical as it not only affects the auction process but also has broader implications for investors and stakeholders involved in Citgo's future. The financial strain from these fees could deter potential bidders, ultimately impacting the value and viability of the auction.
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