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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.


TSXV:RML - Post by User

Comment by audigger13321on Sep 23, 2021 4:01pm
306 Views
Post# 33909023

RE:RE:Venezuela Voluntarily Dismissed Appeal US $1.62 B Judgment

RE:RE:Venezuela Voluntarily Dismissed Appeal US $1.62 B JudgmentWhen I  heard the news this morning, I  bought a bunch.
I used to have a lot of shares when R ML was  a going concern, with positive earnings,
very good properties, heck, even had 60,000 oz of gold  held bacx in their kitty.
Then the sky fell, when these properties were seized by the government.
I held  the a few years longer, hoping for some settlement , but eventually lost
hope and sold at a huge loss.
Used this loss to balance my gains on the tax returns.
Now maybe I can regain some of them.
I never imagined that Venezuela would act that way as they were friends with Russians.
But they did.
Audi.
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